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Nonetheless, analysts remain focused on the bigger picture and are bullish on stocks that offer attractive long-term growth prospects. Investors can weigh the recommendations of Wall Street's top analysts as they pick out the best names to add to their portfolios. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The stock generated stellar returns last year due to the robust demand for the company's graphics processing units in generative AI. He thinks that the health-care business features among the top three verticals of the company's data center segment.
Persons: Wall, Brad Erickson, Erickson, TipRanks, Brian Pitz, Pitz, Harlan Sur, Kimberly Powell Organizations: RBC Capital, Web Services, BMO Capital, TAM, Nvidia, JPMorgan, Pharmaceuticals Locations: U.S, Europe, DoorDash's U.S, Sur
AdvertisementBased on Lee Child's "Jack Reacher" books, Prime Video's "Reacher" series shows no signs of slowing down. But now that the second batch of episodes has come to a close, it's time to look ahead to "Reacher" season three. Advertisement'Reacher' season 3 might be a new adventure that doesn't tie into his pastAlan Ritchson as Jack Reacher in the "Reacher" season two finale. 'Reacher' season 3 has already started filming, so a release date might not be too far offAlan Ritchson as Jack Reacher in "Reacher" season two. AdvertisementAlan Ritchson will again lead the 'Reacher' season 3 castAlan Ritchson as Jack Reacher in "Reacher."
Persons: Alan Ritchson, Jack Reacher, , Lee Child's, Shane Langston, Robert Patrick, Jack, he's, Ritchson, — he's, we've, Tom Cruise Organizations: Service, Amazon, ComicBook.com, We're Locations: America, Reacher
The state of Wall Street's drug culture
  + stars: | 2024-01-19 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In today's big story, we're looking at the state of Wall Street's drug culture. What's on deck:AdvertisementBut first, does Wall Street have a drug problem? The big storyHigh on Wall StreetVartika Sharma for BIOf the many stereotypes about Wall Street, one of the most prevalent is the industry's rampant drug use. From Martin Scorsese's "The Wolf of Wall Street" to HBO's "Industry," extreme drug use and working in finance are often portrayed as being hand-in-hand. Business Insider's finance team spoke to more than a dozen current and former finance professionals, along with several health professionals, to get a sense of Wall Street's drug culture these days.
Persons: , Jennifer Lopez's, Vartika Sharma, Martin Scorsese's, JAMES ARTHUR GEKIERE, Marty Chavez, Goldman Sachs, Chavez, that's, It's, Ted Shaffrey, Justin Sullivan, MGM Studios Jen Salke, Rachel Weisz, Alice Birch, MGM Studios Sue Kroll, Kevin Mazur, they'll, Josephine Maida, I've Organizations: Service, Business, BI, Sixth, Apple, Netflix, Big Tech, Tech, Amazon, MGM Studios, Apple Vision, Schlumberger Locations: Wall
Jacob Elordi smelled a "Saltburn"-themed scented candle on "The Tonight Show Starring Jimmy Fallon." Elordi appeared on Thursday's episode of "The Tonight Show Starring Jimmy Fallon," and host Jimmy Fallon gifted him a candle. AdvertisementOliver (Barry Keoghan) puts his face in Felix's (Jacob Elordi) bathwater in "Saltburn." Amazon MGM StudiosAlthough the bathtub scene is not the only explicit scene in "Saltburn," it is the most talked about scene on social media. While viewers found the bathtub scene disturbing, Elordi defended the scene in an interview with USA Today.
Persons: Jacob Elordi, Jimmy Fallon, , Jacob Elordi's bathwater, Felix, masturbates, Oliver, Barry Keoghan, Elordi, Fallon, Priscilla, Cailee Spaeny, Suzie Davies, Keoghan, Davies, Emerald Fennell, Fennell Organizations: Service, MGM Studios, Business, USA Locations: Felix's
The layoffs hit Prime Video and the Amazon MGM Studios division, with many of the cuts related to Amazon's $8.5 billion acquisition of MGM in 2022, the second biggest deal in the tech giant's history. The layoffs, combined with other factors straining the entertainment business — from strikes to content spending pullbacks — have heightened concerns about the future of the company's entertainment ambitions. These are the questions that came up the most about that future, according to conversations with six people close to Prime Video and Amazon MGM Studios. As part of the layoffs, two MGM teams were integrated under Chris Brearton, a business-side exec who joined Amazon with the MGM acquisition in 2022. How will sports impact original content spending?
Persons: what's, Jen Salke, Freevee, didn't, Who's, Chris Brearton, Salke, Mike Hopkins, What'll, there's Organizations: Amazon, Amazon MGM Studios, MGM, Amazon's, Hollywood Reporter, Hollywood, Diamond Sports, MLB, NHL, NBA Locations: Salke, Africa, MENA, Northern, Central
Read previewThe Apple Vision Pro is nearly here — but it won't have the Netflix app. The streaming service has decided not to launch a dedicated app for the Vision Pro, in a blow to Apple's attempt to market its virtual reality headset as a premier entertainment device. Netflix said in a statement to Business Insider that Vision Pro users who want to watch Netflix movies and TV shows on the Vision Pro could still do so, but only through a web browser. The two companies are rivals in the streaming world, with Netflix competing directly with Apple's streaming service Apple TV+. AdvertisementThe $3,499 Vision Pro is set to launch on February 2 .
Persons: , Greg Joswiak Organizations: Service, Netflix, Vision, Business, Pro, Bloomberg, Apple, Disney Plus, Amazon Prime, Paramount
Jennifer Lopez dropped the trailer for her new movie "This Is Me...Now: A Love Story" on Wednesday. Here's what we know about Lopez's "musical, cinematic experience." AdvertisementThe trailer for Jennifer Lopez's upcoming Amazon Prime Video movie — or at least, we think it's a movie — has baffled the internet. — Pearl Boshomane (@Pearloysias) January 18, 2024Me after watching Jennifer Lopez’s new movie trailer pic.twitter.com/Xe1RUoINWy — Cote (@notcodyitscote) January 17, 2024The main source of the confusion is that the film appears to span multiple genres. This doesn’t just look like a visual album it looks like a fully fledged movie musical?!
Persons: Jennifer Lopez, , Jennifer Lopez's, Lopez, Ben Affleck, I'm, I’m, 6qUxFe4Aex —, Pearl, Jennifer Lopez’s, — Cote, Marc Anthony, Cris Judd, Ojani Noa, Lope, Lope z, Lope z 's "hea Organizations: Service, Prime, Twitter, isu Locations: PAU
That helped push Apple shares higher too. Jim observed that in this continued era of efficiency, once again if companies downsize, their stocks go higher. 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.
Persons: Jim Cramer, Jim, they've, Nelson Peltz, Disney, I'm, Nelson, Gamble, Eli Lilly, Jim Cramer's Organizations: CNBC, Taiwan Semiconductor Manufacturing Company, Apple, Bank of America, Nvidia, Amazon, MGM Studios, Disney, Procter, Ford, Wynn Resorts, Broadcom, Meta, Jim Cramer's Charitable Locations: Bank
Amazon is laying off about 30 employees in its Buy with Prime unit, CNBC has learned, as it continues to look for ways to trim costs. The cuts affect fewer than 5% of staff in the Buy with Prime division, Amazon said. Buy with Prime is a service that lets online stores offer the same two-day shipping benefits available to Prime subscribers. Amazon said it's assisting Buy with Prime employees who were laid off in finding new roles elsewhere within the company. WATCH: Amazon lays off hundreds of roles across Twitch, Prime Video and MGM Studios
Persons: we've, Santos, Peter Larsen, Amazon Organizations: CNBC, Amazon, Prime, MGM, Google, Xerox, Unity, Employees, MGM Studios
The apparent win for the streaming service comes after it reported nearly $3 billion in losses last year. "We couldn't be prouder of our partnership with Peacock and are thrilled with the results of the first-ever exclusively live-streamed NFL playoff game," said NFL Commissioner Roger Goodell . Even before Saturday's strong viewership numbers, the NFL had plans to have streaming-only playoff games beyond this season. Last year, the NFL inked a one-year deal with NBCUniversal to carry this playoff game exclusively on Peacock. Amazon Prime Video has the exclusive rights to Thursday Night Football through 2033, and Peacock has one exclusive regular season NFL game through 2028.
Persons: , It's, Peacock, Max, Roger Goodell, They've, NBCUniversal, Hans Schroeder Organizations: Service, Business, Kansas City Chiefs, Miami Dolphins, Comcast, Peacock, NBC, Netflix, Disney, NFL, Street Journal, NFL Media, Amazon Locations: Kansas City, Miami, Peacocks's
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond Sports has been in Chapter 11 bankruptcy proceedings in the Southern District of Texas since it filed for protection last March. Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond and enter into a commercial arrangement to provide access to Diamond’s content via Prime Video. Customers will be able to access their local team's content on Prime Video channels where Diamond has rights. Under an agreement with creditors last year, Diamond Sports Group became a separate company from Sinclair.
Persons: Diamond, Sinclair, David Preschlack, ” Diamond, ___ Organizations: Amazon, Diamond Sports, Bally Sports, , NBA, NHL, Southern District of, MLB, San Diego Padres, Arizona Diamondbacks, Padres, Diamondbacks, Diamond, New York Yankees, Brooklyn Nets, YES, Sinclair Broadcast Group, Walt Disney Co, Disney, Department of Justice, Diamond Sports Group, Sinclair, RSA, Major League Baseball Locations: Southern District, Southern District of Texas, Diamond’s
Robert Patrick, 65, is an actor best known for his roles in “Die Hard 2” and the Terminator film series and TV’s “The Sopranos,” “The X-Files,” and “1923.” He co-stars in season 2 of Prime Video’s “Reacher.” He spoke with Marc Myers. Villains in the movies and on TV weren’t an obsession when I was a kid. I suppose the first TV villain I liked was Cesar Romero as the Joker on TV’s “Batman” in the mid-1960s. That was a comedic series, but as a character, Romero brought a certain madness to the role.
Persons: Robert Patrick, , Video’s “, Marc Myers, Cesar Romero, TV’s, Romero Organizations: Villains
New Delhi CNN —Netflix has removed an Indian film from its platform after it sparked backlash and protest from right wing Hindu groups – the latest in several recent controversies where India’s entertainment industry has caved to religious pressure campaigns. The movie was released on Netflix on December 29, where it quickly became the streaming platform’s top trending movie in India, according to production studio Zee Entertainment. “We removed this film at the request of the licensor,” a Netflix spokesperson confirmed to CNN in a statement Tuesday. CNN reached out to Zee Entertainment and the film’s director, but did not receive a response by the time of publication. That incident, like the ongoing controversy over ‘Annapoorani,’ prompted a police complaint against Netflix executives.
Persons: , Ramesh N Solanki, Lord Ram, Shriraj Nair, Vikram Seth, Narendra Modi’s, , , Modi Organizations: New, New Delhi CNN, Netflix, Zee Entertainment, CNN, Hindu IT Cell, Vishwa Hindu Parishad, India, Bharatiya Janata Party, BJP, Locations: New Delhi, India, Asia, Indian, Delhi, Mumbai
A scene from ‘Hazbin Hotel’ Photo: Prime VideoFilm• “I.S.S.” (Jan. 19): After war breaks out on Earth, tensions are high among those onboard the International Space Station in Gabriela Cowperthwaite ’s sci-fi thriller starring Pilou Asbæk , Ariana DeBose , John Gallagher Jr. and Chris Messina . • “Which Brings Me to You” (Jan. 19): Lucy Hale and Nat Wolff , in this romcom from Peter Hutchings , play a pair who, after sparks fly when they meet at a wedding, decide to take things slow to see if there’s something deeper between them.
Persons: , Gabriela Cowperthwaite, Pilou Asbæk, Ariana DeBose, John Gallagher Jr, Chris Messina, , Lucy Hale, Nat Wolff, Peter Hutchings Organizations: International Space Locations: Gabriela
According to Dice's 2023 Tech Sentiment Report, 60% of tech workers in general are interested in leaving their jobs in 2024, which is up from 52% the year prior. According to Art Zeile, CEO of tech careers marketplace Dice, tech workers are most in demand in the aerospace, consulting, health care, financial services and education industries. Zeile says it's in spaces like these — non-tech enterprises with major tech branches — that tech workers can find better work-life balance and more stability than the tech leaders can provide. In corporate America outside of big tech, he said, "There is more of a dedication to making sure that the project gets fulfilled." Tech job growth geographicallyUltimately, Zeile says recent layoffs have induced a jarring disruption in two decades of growth in big tech.
Persons: Justin Sullivan, Jeff Spector, Spector, I'm, CBRE, Art Zeile, Zeile Organizations: Google, Tech, Meta, Microsoft, MGM Studios Locations: Mountain View , California, Silicon Valley, Seattle, America, India
STAMFORD, Conn. (AP) — Saturday night's AFC wild-card playoff game between the Miami Dolphins and Kansas City Chiefs on Peacock set a record for the most-watched event on a streaming service. According to Nielsen, the Chiefs' 26-7 victory in frigid temperatures averaged 23 million viewers on Peacock, NFL+ and on NBC affiliates in Kansas City and Miami. Last year’s first-round playoff game between the Los Angeles Chargers and Jacksonville Jaguars averaged 20.61 million viewers. Judging by the audience, Saturday's game is unlikely to be the last playoff matchup shown on a streaming service. Under the NFL’s contract, each of its four broadcast partners — NBC, CBS, Fox and ESPN/ABC — gets at least one wild-card game.
Persons: Peacock, Nielsen, NBCUniversal, , Taylor Swift, Travis Kelce, Hans Schroeder, ABC —, ___ Organizations: AFC, Miami Dolphins, Kansas City Chiefs, Nielsen, Chiefs, NBC, Miami, Seattle Seahawks, Dallas Cowboys, Amazon Prime, Los Angeles Chargers, Jacksonville Jaguars, Dolphins, — NBC, CBS, Fox, ESPN, ABC, Paramount Locations: STAMFORD, Conn, Kansas City
“Imagine magazines that have no cover lines, and there were just photographs on them,” said Allan Donald, a director of product at Netflix. Most rival streaming services don’t bother displaying tags, or don’t have the same financial resources to support a group of employees to do all the work behind them. It commands 247 million subscribers worldwide, more than double many other streaming services. One of the reasons Netflix’s engagement is so high is that it deploys numerous tools to coax a viewer to watch. There are more than 10,000 titles on Netflix and thousands more on other streaming services.
Persons: , Allan Donald, Eunice Kim Organizations: Netflix, Nielsen, Prime, Disney Locations: United States, Hulu
Silent sacking, Garrison told BI, "is how Amazon is going to reduce operational costs without negatively affecting the stock price. Some Amazon employees recently took to Slack to announce their resignations specifically over the return-to-hub policy. Another AWS employee told BI they feel like they are "doing the job of three people." Any suggestion to the contrary is untrue," the Amazon spokesperson said. Are you an Amazon employee or do you have insight to share?
Persons: they're, Justin Garrison, Garrison, wasn't, URA, hasn't, that's, Slack, RTO, we'd, They've Organizations: Service, Amazon, Business, BI, Amazon Web Services
The downsizing of Netflix's film ambitions is on pace with a broader contraction at the streamer, which announced 88 fewer original films last year than in 2022. But for some on Wall Street, the right number of Netflix original films just might be zero. Netflix's rise has been a mixed bag for filmWhen Netflix film head Scott Stuber joined the company in 2017, the mandate was quantity. Netflix announced a whopping 232 original films in 2021, according to Ampere Analysis. Netflix's original films started declining in 2022 from the 2021 peak of 232.
Persons: bode, Scott Stuber, Stuber, David Fincher, Ted Sarandos, Ted Hope, Hope, didn't, Variety, Maestro, we're, Netflix's, Kevin Goetz, Michael Pachter, Kasey Moore, LightShed, Goetz, " Goetz, Wedbush's Pachter, Pachter Organizations: Netflix, Business, Ampere, Independent, Variety, Hollywood, Puck News, Apple, LightShed Partners Locations:
Folks in Canada and the UK, we've found the cheapest options for you, too, or we can help you tune into that free Australian coverage. How to watch Australian Open live streams free from anywhereIf you want free access to all of this year's Australian Open, then there's an excellent option direct from the source on the Australian 9Now streaming service. Watch the Australian Open. How to watch the Australian Open in the USAESPN has the rights to live stream the Australian Open in the USA. How to watch the Australian Open in the UKYou'll find the Australian Open live streams on Eurosport in the UK.
Persons: we've, You'll, you'll, Alcaraz, Djokovic, Emma Raducanu, Coco Gauff, Naomi Osaka, ExpressVPN Organizations: ESPN, Nations, Six Nations, USA ESPN, Hulu, Disney, Eurosport, Amazon Prime Locations: Australian, Canada, Australia, USA, Fubo
Jackyenjoyphotography | Moment | Getty ImagesThe start of 2024 has not been kind to workers in industries that opened the year with layoffs. Recent U.S. Department of Labor data shows layoffs have been hovering near historic lows — and experts say getting laid off no longer has the same stigma it once did. The following steps can help you shore up your finances and kick-start your job search. Calculate severance pay, unused time offYou may receive a severance package from your employer or get paid for unused time off. If you're able to find a new job quickly, you may be able to bank the severance pay, he noted.
Persons: Twitch, Scott Dobroski, Ted Jenkin, Atlanta . Jenkin, Vicki Salemi, Salemi, Jenkin, Dobroski, We've Organizations: Google, MGM Studios, Tech, Citigroup, U.S . Department of Labor, CNBC, Finance Locations: Atlanta .
Amazon's Audible unit lays off about 5% of staff
  + stars: | 2024-01-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +3 min
The Audible application is displayed on a smartphone in an arranged photograph taken in Arlington, Virginia, on May 21, 2020. Amazon 's Audible division is cutting approximately 5% of its staff in an effort to position the unit "for continued success," the executive overseeing the division told employees Thursday. The announced cuts follow the layoffs on Wednesday of hundreds of employees in Amazon's Prime Video, MGM Studios and Twitch livestreaming units. The unit has remained largely independent since the deal but is not immune to broader cuts underway at its parent. We are well positioned to continue our momentum and sustain the global growth that will keep us the leader in audio storytelling.
Persons: Bob Carrigan, we've, It's Organizations: Amazon's, MGM Studios, CNBC, Amazon, Global Locations: Arlington , Virginia
Amazon is cutting 5% of the workforce at its Audible division, according to an internal email obtained by Business Insider. On Thursday, Audible's CEO Bob Carrigan wrote an email to his team notifying the "tough decision to reduce roles within our organization," the email said. The job cuts follow broader layoffs at other parts of Amazon this week. Internal messages suggest more job cuts in Amazon Pay and marketing roles, as BI previously reported . Amazon acquired Audible, which provides audiobooks and podcasts, for roughly $300 million in 2008.
Persons: Bob Carrigan, Carrigan, we've, It's, Eugene Kim Organizations: Service, Business, Amazon, MGM Studios, Pay, Global
This story is available exclusively to Business Insider subscribers. "That's a lot of growth," Hopkins said. Prime Video was the first to do a hiring freeze at Amazon in 2022 because the team was growing too fast, he added. Related storiesHopkins's comments show the exponential growth the Prime Video and MGM Studios team saw prior to Wednesday's layoffs. For years, Amazon has poured billions of dollars into its video streaming service, which is included in its Prime membership program.
Persons: Mike Hopkins, Hopkins, didn't Organizations: Amazon, MGM Studios, Business, BI, MGM, Football Locations: Amazon, headcount
Chiara Ferragni is an Italian influencer with just under 30 million followers on Instagram. Here's how the digital entrepreneur shot to social media superstardom. The item was packaged with a pink box featuring Ferragni's name and logo, as well as an illustration of the social media star. AdvertisementBut how did Ferragni become such a social media superstar and build her empire — amid this controversy? Amid the recent scandal, Ferragni's massive online presence continues to span social media.
Persons: Chiara Ferragni, Here's, , Ferragni, Balocco, Louis Vuitton, Gucci, Federico Leonardo Lucia, Leone, Fedez, ferragnez, Lapresse, Eugenio Fusco, Alessandra Balocco Organizations: Service, Regina Margherita Hospital, Italian Competition Authority, Authority, Associated Press, Milan's Bocconi University, Financial Times, Teen Vogue, Forbes, Harvard Business School, Prada, AP Locations: Italian, Turin, Italy, Balocco, Milan, Venice, TikTok
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