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☆ Here's how Disney’s streaming business can work toward Netflix-like profitability
▼ + stars: | 2024-05-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +14 min

Disney's streaming margins, while still negative due to losses and nowhere near Netflix's, have improved significantly in recent quarters and are now on the doorstep of an important milestone. Disney's streaming overview Disney+ is its flagship streaming service across the globe. The ARPU discrepancy on Disney+ core helps explain why Netflix is much more profitable than Disney's streaming business. Given that Disney's streaming business has rolled out pretty much everywhere across the globe, Cruetz said moving forward "it's about driving more penetration in those markets." The latest is a matchup with Disney and HBO's parent Warner Bros Discovery , whose flagship streaming service is called Max.

Persons: Bob Iger, Disney, Iger, Covid, Morgan Stanley, It's, That's, Cowen, Doug Creutz, Hulu's, Cowen's Cruetz, Brandon Nispel, Cruetz, TD Cowen, Max, Creutz, cannibalization, it's, KeyBanc's Nispel, Wells Fargo, Jim Cramer's, Jim Cramer, Jim, Presley Ann Organizations: Disney, Netflix, ESPN, Reliance Industries, Century Fox, CNBC, Comcast, Capital, Warner Bros Discovery, Getty Locations: Netflix's, Hulu, India, Malaysia, Philippines, Thailand, U.S, Canada, Europe, Africa, West Asia, Los Angeles

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ Wall Street stands by Meta even as costs rise and the stock sells off, cites AI leadership
▼ + stars: | 2024-04-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street analysts are standing by Meta Platforms despite Thursday's sell-off. The analyst cut his price target to $480 from $535 a share, noting that building and creating new products is no easy — or quick — feat. The adjusted price target reflects nearly 3% downside from Wednesday's close. Morgan Stanley analyst Brian Nowak retained his overweight rating and $550 price target, saying the firm remains "buyers through Meta's investments." Meta isn't alone in this feat, with Nowak expecting competitors to undertake similar steps as more AI opportunities arise.

Persons: Doug Anmuth, Benjamin Black, Black, Citi's Ronald Josey, Goldman Sachs, Eric Sheridan, Morgan Stanley, Brian Nowak, Meta isn't, Nowak, Bank of America's Justin Post, Ross Sandler, Mark, Zuckerberg, Sandler Organizations: Meta, Facebook, Deutsche Bank, Bank of America's, Barclays

☆ Here are Thursday's biggest analyst calls: Tesla, Nvidia, Apple, Amazon, eBay, Zoom, JetBlue, BJ's & more
▼ + stars: | 2024-04-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage of Samsara (IOT) with a Buy rating and $42 price target." Deutsche Bank adds a catalyst call buy on Estee Lauder Deutsche added a short-term buy rating on shares of the beauty giant. Bernstein reiterates Apple as market perform Bernstein said it's getting more "constructive" on Apple shares but is sticking with its market perform rating for now. "We are initiating coverage of AES with a Buy rating and $21PT. "We are initiating coverage on shares of Beacon Roofing Supply (BECN), a leading roofing products distributor in the United States, with a Buy rating and $135 PT."

Persons: Goldman Sachs, Goldman, Oppenheimer, JPMorgan, Lauder Deutsche, Mizuho, TD Cowen, Cowen, it's, Bernstein, Jefferies, Kite, Kite Realty Jefferies, GE Vernova, Tesla, Needham, Andy, BTIG, Davidson, Barnes, Morgan Stanley downgrades, Morgan Stanley, Etsy, Rosenblatt, Swift, Janney Organizations: Bank of America, Cisco Systems, Goldman Sachs, P, JPMorgan, JetBlue, Bancorp, SPT, Oracle, Deutsche Bank, Linde, Mizuho, LIN, Nvidia, Apple, Kite Realty, GE, Metro NY, SSS, Deutsche, Infrastructure, FTAI Infrastructure, BMO, New, AMC, Barnes Group, AES Corporation, AES, eBay, EBAY, UW, ZS, Comcast, CNBC, Benchmark, Beacon Locations: New York City, OW, United States

☆ Christian Nationalists Could Put Trump Back in the White House: Expert
▼ + stars: | 2024-01-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +19 min

In the US, the immediate crisis is the phenomenon of Donald Trump and the strong conservative Christian support for Trump, which continues to this day. Can you tell me a little bit more about the reasons that you've found why Donald Trump has such a significant base among Christian conservatives? What's interesting is evangelicals have had to learn how to hold their nose and support Trump. There are state-level Christian theocrats who are in some ways implementing as much of an authoritarian reactionary Christian agenda as they can. And when this ferocious backlash begins on the white Christian side, it's very tightly connected to the civil rights era.

Persons: David Gushee, Donald Trump, we're, I'm, it's, I've, you've, Ronald Reagan, Reagan, Trump, Christian, they're, It's, Robustly, he's, Vladimir Putin, George W, Bush, Mike Pence, Pence, theocrats, there's, William Barber, Jim Crow, Barack Obama Organizations: Mercer University, GOP, Trump, Republican Party, House, Officially, Christian, Black Locations: America, United States, England, Russia, West, Christianity

☆ Apple iPhone sales in China fell more than 30% during first week of 2024: Analysts
▼ + stars: | 2024-01-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Apple's iPhone sales in China were down more than 30% year over year for the first week of January, while competitors such as Xiaomi and Huawei have "remained much stronger" with flat sales, according to a Sunday note from Jefferies analysts. Jefferies analysts said they believe Apple's iPhone volume will fall by double digits this year in China, adding that they "expect Apple to have even higher revenue pressure in China in 2024." Huawei gained the most smartphone market share in China in 2023, according to the note, rising about 6% year over year. Meanwhile, Apple's market share in China has fallen around 4% year over year, according to the note. The Jefferies analysts said iPhone discounts in China are on the rise, which is likely part of Apple's effort to "defend its share."

Persons: Piper Sandler, — CNBC's Michael Bloom Organizations: Huawei, Jefferies, Barclays, Apple, CNBC PRO Locations: China

☆ Hundreds of Russian tourists were stranded in Turkey when their planes broke down, a likely casualty of Western sanctions
▼ + stars: | 2023-08-15 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Two flights operated by Russian airline Red Wings were unable to depart from Antalya, Turkey. The Boeing 777s had technical issues, leaving hundreds of Russian tourists stranded. The flights both belonged to Russian low-cost carrier Red Wings Airlines and were due to fly from Antalya Airport in Turkey over the weekend, The Moscow Times reported. that Red Wings had taken on too many flights with just three Boeing 777s in its fleet. In May, Russia's biggest commercial airline Aeroflot asked its employees to refrain from reporting malfunctions even if they are aware of them, according to the investigative Russian outlet Proekt.

Organizations: Russian airline Red Wings, Boeing, Service, Red Wings Airlines, Antalya Airport, Moscow Times, General's, Federal, Wings, Airbus, Kremlin, Aeroflot, Russia's Locations: Antalya, Turkey, Russia, Wall, Silicon, Russian, Yekaterinburg, Federal District, Zhukovsky, Moscow, Ukraine

☆ Champagne sales are booming. But its taste could soon change forever — thanks to climate change
▼ + stars: | 2023-08-08 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

More than 325 million bottles of champagne were shipped from Champagne in 2022, according to Comité Champagne. More than 325 million bottles of champagne were shipped from Champagne in 2022, surpassing 6 billion euros ($6.6 billion) in sales for the first time, according to champagne trade association Comité Champagne. International brands are aware of the huge impact climate change can have on their businesses. A bar tender pours a bottle of Taittinger Champagne. Matt Hodson Founder of English wine retailer Grape Britannia

Persons: Comité Champagne, Dave Kotinsky, Sandrine Sommer, Moët Hennessy, Matt Hodgson, Francois Nascimbeni, Hodgson, Sommer, Champagne, Claire Sarazin, Tom Hewson Champagne, Sarazin, Tom Hewson, Susy Atkins, who've, Atkins, Taittinger, Pommery, Carlo Paloni, Matt Hodson Organizations: Getty, CNBC, Afp, Bafta Locations: Champagne, United States, Britain, Japan, Ville, Reims, France, Montgueux

☆ Promise around Eli Lilly's expected obesity drug, great earnings adds some $60 billion in market cap
▼ + stars: | 2023-08-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

(When excluding one-time divestment contributions and last year's Covid antibody revenue, Lilly's sales rose 22% on an annual basis.) Eli Lilly shares soared more than 16% to a new all-time high during Tuesday's session. LLY YTD mountain Eli Lilly's stock performance so far in 2023. Eli Lilly now expects adjusted earnings per share between $9.70 and $9.90, up significantly from the old guidance between $8.65 and $8.85. For its part, Eli Lilly is also studying Mounjaro's impact on other health outcomes including cardiovascular events.

Persons: Eli Lilly, Mounjaro, —, Jim Cramer's, Jim, Lilly's, Cheplapharm —, Lilly, Anat Ashkenazi, Ashkenazi, Eli Lilly's, Lilly Diabetes, Michael Mason, Mason, Verzenio, Trulicity, we've, David Ricks, Jim Cramer, Cristina Arias Organizations: Novo Nordisk, U.S, Amphastar Pharmaceuticals, Management, CNBC, Company, Pharmaceutical Locations: Indianapolis, North Carolina, U.S, Trulicity, Danish, Novo, Alcobendas, Madrid, Spain

☆ The secret to the huge 'Barbenheimer' box office take? FOMO
▼ + stars: | 2023-07-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Hannah Beier | The Washington Post | Getty Images'At a crossroads'The historic box office combination of Warner Bros.' "Barbie" and Universal's "Oppenheimer" arrived a time when even the most dependable franchise movies have failed to lure in audiences. Together "Barbie" and "Oppenheimer" generated $244.5 million during their first three days in theaters — $162 million for "Barbie" and $82.5 million for "Oppenheimer." Adding ticket sales from Paramount's newest "Mission Impossible" film, Sony's "Spider-Man: Across the Spider-Verse" and Angel Studios' "The Sound of Freedom," the weekend box office topped $311 million, the fourth-highest weekend haul in history. watch nowThe FOMO effect"Barbenheimer's" historic weekend was also fueled by a sense of urgency, which the box office has been lacking in recent months. He noted that both films would have been box office hits regardless, but "the mystique of them opening on the same day elevated their profiles to an entirely new level."

Persons: Oppenheimer, Hannah Beier, , Indiana Jones, Shawn Robbins, Barbie, Robbins, shies Organizations: Colonial Theater, Washington Post, Getty, Warner Bros, Marvel, Angel Studios Locations: Phoenixville , Pennsylvania, ,

☆ Column: Europe's surging solar sector set for cannibalization risk
▼ + stars: | 2023-07-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

However, the rapid growth in solar supply capacity throughout Europe's electricity grids is already starting to erode producer profitability, as surplus power from solar sites depresses wholesale electricity prices and results in utilities earning shrinking revenues from renewables. However, since Russia's invasion of Ukraine snarled Europe's gas markets in 2022, Europe's power generators have accelerated the build-out of renewable energy capacity while cutting back on electricity generation from fossil fuels. However, those strong earnings may start to become harder to generate as additional volumes of solar capacity are brought online and compete with all other forms of generation to set wholesale electricity prices. California’s ‘Duck Curve’ electricity marketsEuropean solar power producers are not yet faced with anything like the problems seen in California, where solar can account for 40% of total electricity generation. But as more solar supply capacity gets added to Europe's generation system, solar producers must expect the extra competition from other solar sources to drive electricity prices lower for all electricity generators.

Persons: Gavin Maguire, Lisa Shumaker Organizations: Reuters, Thomson Locations: Europe, Ukraine, California, Germany

☆ Russia's biggest airline asked employees to refrain from reporting malfunctions on flights, report says
▼ + stars: | 2023-05-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Aeroflot asked its employees to stop reporting malfunctions on planes, Proekt reported. Russia's biggest commercial airline Aeroflot has asked its employees to refrain from reporting malfunctions as it continues to suffer under Western sanctions, according to the investigative Russian outlet Proekt. This means that many flights are departing with significant breakdowns that staff are fully aware of, several employees said. A former pilot told Proekt that on a flight in January, he found a fuel leakage while starting the engines of a Boeing 737. "It had happened several times before, but there were no records of it in the technical log book — the airline's management asked us not to write anything," the pilot told Proekt.

☆ 'Cannibalized' parts show how the British navy is struggling to keep its 2 new aircraft carriers in fighting shape
▼ + stars: | 2023-05-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Royal Navy is taking parts from one of its aircraft carriers and using them on its other one. New warships often have problems, especially complicated vessels like aircraft carriers. HMS Prince of Wales, which was commissioned in 2019, has been sidelined since August because of a broken propeller shaft. HMS Queen Elizabeth and HMS Prince of Wales sail together for the first time in May 2021. (HMS Queen Elizabeth's escorts during its maiden deployment included a US Navy destroyer and a Dutch navy frigate.)

☆ Big bank earnings season is over. Here's how our stocks stack up against peers
▼ + stars: | 2023-04-23 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Big bank earnings are behind us. Investment banks Goldman Sachs (GS) and Club holding Morgan Stanley (MS) are the two pure-play investment banks we care about. Third place was tight, but the combination of better earnings growth and a significantly better ROTCE made Bank of America (BAC) the better performer. Sizing up bank valuations Morgan Stanley is currently trading at a premium at 13.7 times forward earnings, compared to 10.3 for GS. Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014.

☆ CNBC Daily Open: Goldman Sachs' tough quarter
▼ + stars: | 2023-04-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. First, commercial banks, which primarily serve consumers and businesses by accepting their deposits and extending loans to them. Higher interest rates for longer means tighter margins, lower profits for companies and a general slowdown in the economy. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Goldman Sachs is struggling
▼ + stars: | 2023-04-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Goldman Sachs is watching for 'cannibalization' from Apple's new savings account
▼ + stars: | 2023-04-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on day three of the World Economic Forum in Davos, Switzerland, on Jan. 19, 2023. Goldman Sachs CEO David Solomon said Tuesday he isn't worried about Apple's new savings account overshadowing Goldman's own Marcus offerings but that he's watching closely for "cannibalization." The new accounts carry Apple's brand and are administered through the iPhone, but Goldman Sachs is the company's financial partner. Apple builds features for the iPhone and its Wallet app, like its Apple Card credit card, while Goldman is the actual bank behind the company's financial services. Solomon said Goldman would welcome the deposits from Apple's savings account and would deploy them within its own client base.

☆ FedEx is on the cusp of a seismic shift — and it will forever change the company as we know it
▼ + stars: | 2023-04-09 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

"We will be consolidating our operating companies into one unified organization," FedEx CEO Raj Subramaniam told investors Wednesday. The shift will make FedEx's operational strategies more like competitors UPS and DHL. Regulatory risk brings up an old questionThere may also be some risks coming to the new, integrated FedEx from outside the company. In a stark difference between UPS and FedEx, UPS falls under the National Labor Relations Act and FedEx Express under the Railway Labor Act. Betting the future on slower servicesThe third risk analysts raised was market share.

☆ FedEx is rolling out the biggest transformation in its 50-year history. The potential reward is huge, but so are the risks.
▼ + stars: | 2023-04-06 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

☆ Terrifying video of Russian plane losing cabin pressure mid-flight shows how dangerous it's gotten to fly in Russia
▼ + stars: | 2023-03-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A video of the incident shows panicked passengers with oxygen masks on their faces. An expert told Insider that Western jets are deteriorating due to a lack of servicing and parts. Musician Andrey Saltanov, who was also on the flight and verified the video to Insider, said: "The plane turned out to be ancient. The main federal investigating authority in Russia told RIA Novosti that the flight was forced to land "due to depressurization of the aircraft cabin," adding that an investigation is ongoing. One expert told Insider that flying in Russia could become increasingly dangerous.

☆ Terrifying video shows a Russian plane losing cabin pressure mid-flight — showing how dangerous it's gotten to fly in Russia
▼ + stars: | 2023-03-02 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

A video of the incident shows panicked passengers with oxygen masks on their faces. An expert told Insider that Western jets are deteriorating due to a lack of servicing and parts. The main federal investigating authority in Russia told RIA Novosti that the flight was forced to land "due to depressurization of the aircraft cabin," adding that an investigation is ongoing. One expert told Insider that flying in Russia could become increasingly dangerous. "Access to spare parts, which are sanctioned, is very limited," Denis Brailsford, the head of asset management at the UK's leading aviation consultancy group IBA, told Insider.

☆ The US Navy's struggle to keep ships in fighting shape is leading sailors to 'cannibalize' more parts from other ships
▼ + stars: | 2023-02-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Shortages of spare parts is driving US sailors to take more and more parts from other ships. The spare parts shortage only exacerbates an already dismal Navy maintenance situation, with overburdened and understaffed shipyards unable to perform necessary overhauls on schedule. The study listed a cascade of causes for the shortage of spare parts: "Parts obsolescence, diminishing manufacturing sources, and material shortages are common issues." Likewise, militaries have long cannibalized equipment during operations when spare parts may not be available. Steaming hours have also declined for Navy ships, though by how much isn't clear, as the Department of Defense has classified the data.

☆ What to watch for when 9 Club holdings report earnings on Thursday
▼ + stars: | 2023-01-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +11 min

So far, earnings season has been mixed — we've seen some strong results from Club holdings Morgan Stanley (MS) and Halliburton (HAL). Projected revenue: $4.58 billion Projected EPS: $1.30 Conference call at 9:30 a.m. Projected revenue: $7.33 billion Projected EPS: $1.81 Conference call at 10 a.m. Projected revenue: $9.26 billion Projected EPS: $2.51 Conference call at 8:30 a.m. Projected revenue: $121.19 billion Projected EPS: $1.94 Conference call at 5 p.m.

☆ Netflix and Disney+ subscribers are eager for cheaper plans with ads, a new survey found. Here are 3 takeaways that can help the streamers lure more viewers.
▼ + stars: | 2022-10-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

A new survey shows about half of Netflix and Disney+'s current subscribers are open to a cheaper version with ads. Here are more key takeaways:5 minutes is the sweet spot for adsFor Netflix specifically, subscribers were asked about their tolerance for ads. A Kagan analysis "suggests that a sizable number of new and existing subs for both Netflix and Disney+ will opt for ad-supported tiers." Older, less affluent users are more interested in ads versionThose most interested in Netflix's ad version skew older and less affluent, Samba TV and HarrisX found. There's high potential interest among non-subscribersThe Samba TV-HarrisX survey also found broad interest in Netflix and Disney+ with ads among non-subscribers.

☆ After months of subscriber losses, Netflix is under pressure to prove its ad-supported tier can stop the bleeding. Here's why Wall Street is skeptical ahead of this week's earnings results.
▼ + stars: | 2022-10-17 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

Netflix will report third-quarter earnings Tuesday, and all eyes are on its new ad-supported tier. Wall Street hopes that the streamer's Basic with Ads plan will boost subscriptions and revenue — but some analysts are skeptical. Complicating matters further, analysts at Wedbush Securities warned that the streamer may report hundreds of thousands of additional subscriber losses this quarter. A recent survey conducted by Samba TV with Harris X found that nearly half of current Netflix subscribers said they'd consider simply trading down their existing membership to the forthcoming cheaper service. While the service still counts more than 220 million overall subscribers, Netflix has blamed the losses on increased competition and account sharing.

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