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New York CNN —Electronic Arts plans to lay off 5% of its employees, making it the latest company in the gaming and tech space to reduce its workforce. Epic Games cut 830 jobs in September. In January, Tencent’s Riot Games said it would lay off 11% of its workforce and Microsoft said it would cut 1,900 jobs from its Activision Blizzard and Xbox gaming divisions. And electronics giant Sony said on Tuesday it would cut 8% of its global workforce, amounting to around 900 jobs. That means that after its cuts to staff last year, Wednesday’s layoffs could affect more than 600 workers.
Persons: , Andrew Wilson Organizations: New, New York CNN, Electronic Arts, EA, Madden NFL, Apex, ” EA, Microsoft, Activision Blizzard, Sony Locations: New York
Sailors perform work to a fighter jet on the USS Dwight D. Eisenhower. Everything happening on the flight deck represents only a portion of what it takes to keep aircraft in the sky. A fighter jet prepares for take off on the USS Dwight D. Eisenhower. A fighter jet takes off from the USS Dwight D. Eisenhower. AdvertisementA fighter jet lands on the deck of the USS Dwight D. Eisenhower.
Persons: , DWIGHT D, Eisenhower, Marc Miguez, Ike, Dwight D, Jake Epstein, Miguez, Chris Hill, Marvin Scott, Scott Organizations: Service, EISENHOWER, Business, Navy, Carrier Strike, Eisenhower, Super Hornets, EA, Houthi, US Central Command Locations: Iran, Yemen, Gulf of Aden
Electronic Arts — The stock declined 3.3% after its fiscal third-quarter revenue came in below estimates. Google ad revenue came in at $65.52 billion, short of analysts' expectations for $65.94 billion, per StreetAccount. Starbucks' fiscal first-quarter adjusted earnings came in at 90 cents per share on revenue of $9.43 billion. This fell short of analysts' expectations for 93 cents in earnings per share and revenue of $9.59 billion, per LSEG. Revenue came in at $194 million, reflecting a 53% increase from a year earlier.
Persons: Elon Musk's, Richard Tornetta, Laxman Narasimhan, Stryker, Skyworks, Liam Griffin, Robert Half, FactSet, Teradyne, Darla Mercado, Scott Schnipper Organizations: Microsoft, LSEG, Electronic Arts, EA, Google, Starbucks, AMD, Powell Industries Locations: Delaware, Asia, North America, LSEG
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
“You can tell there is something off about what you’re seeing or hearing.”Enter generative AI. That offers another opportunity for generative AI to reshape the gaming experience. While the developers retain control over procedurally generated content, generative AI has the potential to develop unplayable levels, or deviate in unintended ways from the game’s narrative. An additional toolWhile gamers are excited about the potential for gameplay, generative AI is likely to impact development before it alters the user experience. “I think with generative AI, it’s essentially the same thing – or at least, we’re approaching it with the exact same mindset here at Ubisoft.” However, there are still a lot of unanswered “legal and ethical aspects” to using generative AI, including artists’ copyright, he adds.
Persons: Jitao Zhou, Alexis Rolland, , Rolland, Ubisoft's, Zhou, Julian Togelius, , Togelius, Takehiko Hoshino, It’s, Hoshino, “ Fortnite, Creatives, We’ve, it’s Organizations: Rikkyo University CNN —, La, La Forge, Ubisoft, Rikkyo University, New York University, Rokkyo University, Maxis, EA, UGC, CNN, Forge Locations: La Forge China, Tokyo, La
Investors are way too worried about the impact a rebranding of Electronic Arts ' FIFA video games could have on the stock, according to Bank of America. The bank upgraded the video game maker's stock to buy from neutral and raised its price target to $150 from $145. A decadeslong partnership between FIFA — soccer's governing body — and Electronic Arts came to an end last year, when the company announced its longtime video game franchise would be rebranded to EA Sports FC. Additionally, Dessouky said that the company's new game video game could provide upside to consensus estimates and guidance in the near term and beyond, especially following above-trend growth in the PC and console gaming market. "We expect the PC/Console software market to grow above trend (mid/high single digits) in CY24 and beyond," the analyst wrote.
Persons: Omar Dessouky, Dessouky, Michael Bloom Organizations: Electronic Arts, FIFA, Bank of America, FIFA —, EA Sports FC, EA, SPORTS FC Locations: Monday's, CY24
Scott Guthrie, Microsoft's executive VP of cloud and AI, oversees Azure and Microsoft 365 cloud software. Microsoft's cloud boss faces tough questions about pay and low morale, leaked messages show. Microsoft employees blasted the company's decision to pause pay raises and cut bonuses and stock awards ahead of a cloud meeting. Son told the company's annual shareholder meeting he believed his firm will be a winner in the AI race thanks to its investments. The tiny Japanese trucks are about 11 feet long and are typically limited to 25 miles an hour.
Persons: Nathan Rennolds, let's, Scott Guthrie, Stephen Lam, he'd, Satya Nadella, Kathleen Hogan, Dimitrios Kambouris, Twitter hasn't, Larry Ellison, Elon Musk's, David Tinson, Masayoshi Son, Son, Ziwei Li, Deb Liu, Elon, Mark Zuckerberg, Zuckerberg, Musk, it's, Read, Jack Sommers Organizations: US Navy, Microsoft, Twitter, Oracle, FIFA, Lyft, Getty, Meta Locations: London, Lyft, Japan
The company posted a slight beat on revenue. Rivian — The electric vehicle stock gained more than 5% in extended trading. Rivian reported a narrower-than-expected loss and revenue beat Wall Street's expectations. Toast — The cloud-based restaurant software vendor popped 7.4% in extended trading. The company reported an adjusted loss of 47 cents a share.
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
BMO Capital Markets thinks Electronic Arts could be negatively impacted from the blocking of the Microsoft - Activision Blizzard deal. The firm downgraded EA stock to market perform from outperform Thursday. But BMO says because the UK Competition and Markets Authority's stopped Microsoft's takeover attempt of Activision Blizzard , the failure will be a cautionary tale for company's seeking large deals in the space. EA YTD mountain Shares of Electronic Arts could face more pressure after the fallout of the takeover deal from Microsoft of Activision Blizzard. However, the regulatory body did stipulate that Microsoft could make Activision games exclusive to cloud gaming platform Xbox Game Pass.
An Electronic Arts (EA) video game logo is seen at the Electronic Entertainment ExpoElectronic Arts is cutting 6% of its workforce, equal to about 800 jobs, and reducing office space, the video game company said Wednesday. Wilson said EA would provide severance and health care to affected employees, noting that layoffs had begun earlier in the quarter. EA had just under 13,000 employees, according to a quarterly filing in March 2022. Over 155,000 tech industry workers at more than 500 companies have lost their jobs in 2023, according to data from Layoffs.fyi. WATCH: Tech layoffs
Restore faith in women's soccer and grow the business. The league averaged 37 sponsorship deals per team, which is more than any other women's sport, according to sports data and intelligence platform Sponsor United. Women's pro soccer valuations are also soaring. NWSL commissioner Jessica Berman speaks during the 2023 NWSL Draft at the Pennsylvania Convention Center on January 12, 2023 in Philadelphia, Pennsylvania. Culture changeOL Reign forward Megan Rapinoe (15) scores on a penalty kick during the second half of the National Womens Soccer League game between NJ/NY Gotham FC and OL Reign on September 21, 2022 at Red Bull Arena in Harrison, New Jersey.
There's a Wall Street momentum indicator that can help investors filter out the most overbought, and oversold, stocks. A stock is considered overbought if its 14-day RSI goes above 70. CNBC Pro screened for the 10 most overbought stocks in the S & P 500. Catalent was one of the most overbought stocks in the S & P 500. GWW YTD mountain GWW in 2023 General Motors made our list of overbought stocks as well, with a 14-day RSI of 76.25.
EA Shows Why Mobile Games Are a Minefield
  + stars: | 2023-02-01 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
When one of the biggest videogame makers in the business gets hung up in the mobile end of the market, it can say something for the whole industry. With annual revenue now over $7 billion, Electronic Arts is the largest stand-alone game publisher in the U.S. save for Activision Blizzard . EA also has a few games capable of generating more than $1 billion a year on their own, including “Apex Legends.” The battle-royale style shooter was EA’s answer to the blockbuster “Fortnite” and has been a resounding success since its surprise launch in 2019 for consoles and PCs. Analysts estimate the game’s total revenue has surpassed that of “Madden NFL” to become EA’s second-biggest property next to the blockbuster soccer franchise “FIFA,” according to Visible Alpha.
While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
"We are the Underground Railroad of 'Gattaca' babies and people who want to do genetic stuff with their kids," Malcolm told me. Ellison, meanwhile, who has two children in their 30s, has reportedly resumed having kids — with his 31-year-old girlfriend. "The person of this subculture really sees the pathway to immortality as being through having children," Simone said. The person of this subculture really sees the pathway to immortality as being through having children. Before she met Malcolm, Simone was convinced she wanted to live her life single and child-free.
Estee Lauder — The cosmetic maker dropped 8% after it gave a weak outlook despite beating expectations for the quarter. Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. Airbnb — The lodging stock fell 10.1% after the company reported earnings per share that beat expectations, while revenue came in line with estimates. The company it its fiscal first quarter reported adjusted earnings per share of 93 cents versus expectations of 75 cents.
EA to develop three Marvel games, beginning with Iron Man
  + stars: | 2022-10-31 | by ( ) www.reuters.com   time to read: +1 min
[1/4] A life size "Iron Man" is on display in the Marvel booth at the 39th annual Comic Con Convention in San Diego July 24, 2008. REUTERS/Mike BlakeOct 31 (Reuters) - Electronic Arts Inc (EA.O) will launch an Iron Man game and at least two other action-adventure titles revolving around characters from the Marvel universe, under a deal announced by the videogame publisher on Monday. EA has previously partnered with Marvel owner Walt Disney Co (DIS.N) to develop games based on the Star Wars movie franchise for mobile devices, PCs and consoles. Activision Blizzard (ATVI.O) has launched games on Spider-Man, while Warner Bros Interactive Entertainment developed games based on DC's Batman. EA's bet on its new games comes as the videogame publisher struggles with a slowdown in demand from peaks touched during the pandemic.
LinkedIn recently launched its second paid creator accelerator program for tech influencers. The second accelerator program plans to offer more networking opportunities and content analytics. LinkedIn has chosen 120 influencers to be part of its second US creator accelerator program, which offers financial grants, as well as access to workshops, coaches, and resources. "We really wanted to home in on creators within that space," said LinkedIn senior creator manager Jessica Oliveira, who added that technology is the number one industry for content creators on the platform. Based on feedback from participants in LinkedIn's first US creator accelerator program, the program plans on offering more content analytics features to show how creators' content performs over time, as well as more networking opportunities for creators.
Electronic Arts won’t be a multiplayer M&A game
  + stars: | 2022-08-26 | by ( ) www.reuters.com   time to read: +1 min
NEW YORK, Aug 26 (Reuters Breakingviews) - Electronic Arts (EA.O) is a tempting target but finding the right players might be harder to master. On Friday, CNBC reported that Amazon.com (AMZN.O) is not expected to make a bid for the video-game maker read more , knocking down an earlier report about a potential deal. Still, it’s not hard to see why the publisher behind the FIFA franchise could be in play. Microsoft’s $69 billion move for Activision Blizzard (ATVI.O) bodes well for EA read more . On the same multiple applying estimated EBITDA for the fiscal year ending March, it would imply that EA is worth over $50 billion.
Medicii spun că o viață intimă armonioasă este foarte importantă pentru evoluția cu succes a sarcinii, dar și a viitoarei nașteri. În plus, la multe femei în timpul sarcinii apar hemoroizii, ceea ce creează dureri și disconfort”, explică Iraida Snigur. Care sunt beneficiile sexului în timpul sarciniiMedicii sunt unanimi în părerea că sexul în timpul sarcinii este necesar pentru ambii parteneri. Iată câteva avantaje de a face sex în timpul sarcinii:Buna dispozițieAbstinența prelungită în timpul sarcinii nu este benefică nici viitoarei mame, nici viitorului tată. Plăcere mai mareÎn timpul sarcinii fluxul de sânge către pelvis crește, vaginul se îngustează și clitorisul crește.
Persons: Ginecologii, paterni, Snigur Organizations: Universitatea Leiden
Ea a fost transportată în Florida pentru tratament, unde se află într-o stare stabilă. Nu este încă clar cine a planificat atacul sau care a fost cauza lui. Adevărul a ieșit la iveală abia când s-a făcut zi, când președintele a fost găsit mort. Corpul președintelui a avut 12 răni de glonț, a declarat magistratul Carl Henry Destin pentru ziarul Le Nouvelliste. Biroul și dormitorul lui au fost jefuite, iar el a fost găsit întins pe spate, acoperit de sânge, a spus magistratul.
Persons: haitian, Moise, Léon Charles, Moise . Ea, Claude Joseph, Ariel Henry, Henry, ONU, Carl Henry Destin Organizations: BBC Locations: Haiti, ţării, Port, Florida
Sursa foto: ProfimediaNoi informații despre asasinarea președintelui din Haiti; A fost un comando de 28 de atacatori, Moise avea 12 răni de glonțGrupul de comando responsabil de asasinarea preşedintelui haitian Jovenel Moise era format din 26 de columbieni şi doi americani originari din Haiti, a declarat poliţia haitiană. Jovenel Moise avea 12 răni de glonț când a fost găsit. Nu este încă clar cine a planificat atacul sau care a fost cauza lui. Minciuna a fost credibilă, având în vedere ce probleme sunt în țară cu traficanții de droguri. Adevărul a ieșit la iveală abia când s-a făcut zi, când președintele a fost găsit mort.
Persons: Moise, haitian, Léon Charles, Moise . Ea, Claude Joseph, Ariel Henry, Henry, ONU Organizations: BBC Locations: Haiti, ţării, Port, Florida
De sărbători și în vacanțe revedeam și toate rudele și vecinii care munceau peste hotare. Speră să poată merge la mare și să vină și în Moldova după ce se vaccinează cu a doua doză. Ceea ce este diferit, în comparație cu perioada dinainte de pandemie, este că lumea e mai atentă la igienă și distanță socială. „Dacă noi suntem calmi, organizați și nu ne stresăm, și copila e la fel”, spune Rodica. În fiecare an merge în Moldova, de obicei alege perioadele în care e și vreo nuntă sau cumătria cuiva din rude sau prieteni.
Persons: Tatiana Buianina, Tatiana, Irina Dicusară, Irina, Împreună, Irina . Totuși, Nico, Rodica . Ea, Rodica, Rodicăi, Moldovei Tatiana Buianina Locations: Moscova, Italia, Moldova, Suedia, Odesa, Istanbul, Suediei, Copenhaga, Danemarca, Atena, Roma, Statele Unite, Florida, Brazilia, Bulgaria, Grecia, Moldovei, Canare, Gran Canaria, România, Eforie Nord, Ucraina
Furtuna tropicală Elsa face ravagii în statele americane Georgia şi Florida. Un om a murit, iar câţiva au fost răniţi. În Florida, furtuna a lăsat fără curent electric în jur de 18 mii de localnicii.Autorităţile din cele două state au rugat oamenii să evite ieşirile din casă fără strictă necesitate. Potrivit meteorologilor, furtuna se îndreaptă spre Carolina de Sud şi Carolina de Nord și va ajunge în Oceanul Atlantic. Înainte de a ajunge în SUA, furtuna Elsa a ucis trei oameni în Cuba.
Persons: Elsa Locations: americane Georgia, Florida, Carolina de Sud, Carolina de Nord, Atlantic, SUA, Cuba
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