DIRS.INFO The most relevant business & tech news

The reality of the American air travel system is that powerful forces keep passengers flying the same carriers, even after service meltdowns like Delta just suffered. For passengers who live near one of the hubs where Delta controls most of the flights, such as Atlanta, Detroit, Minneapolis or Salt Lake City, choices are even more limited. But by Monday, the problems were mostly limited to Delta as other businesses were back to normal, adding to the frustration of its passengers. Delta canceled more than 4,400 flights from July 19 to 21, according to tracking service FlightAware. Past experience, plus the dominance of Delta in Atlanta and Don Hooper’s frequent flyer miles, would keep them using the airline.

Persons: Don Hooper, Dorothy, I’m, ” Don Hooper, “, ” Dorothy, Dorothy Hooper, ”, Don Hooper’s, Jeremy, Kaylee Jones, Lucia, Jeremy Jones, Zach Griff, won’t, McNamara, Joe Raedle, Scott Keyes, Delta, Dylan Steele, Steele, It’s, I’ve, … It’s, he’s, you’ve, “ We’ve Organizations: New, New York CNN — Delta Air Lines, Delta, CNN, St, Detroit Metropolitan Wayne County Airport, “ Locations: New York, Delta, United, Southwest, Atlanta, Detroit, Minneapolis, Salt Lake City, Bozeman , Montana, Greece, Italy, Spokane , Washington, St, Orlando, Washington

☆ Stock market today: Stocks waffle after sell-off as traders mull tech weakness and GDP data
▼ + stars: | 2024-07-25 | by ( Max Adams | ) www.businessinsider.com time to read: +4 min

Second-quarter GDP data showed the economy grew at 2.8% in the second quarter, much more than expected. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Traders were assessing tech weakness and hotter-than-expected GDP data for the second quarter. Investors' top concern is slowing tech earnings growth after Tesla and Alphabet both reported disappointing results on Tuesday. Here's where US indexes stood shortly after the opening bell on Thursday:AdvertisementMeanwhile, investors are digesting second-quarter GDP data, which showed the US economy grew by 2.8%.

Persons: Stocks, —, Mike Owens, Dan Ives, Chris Zaccarelli, Brent Organizations: Nasdaq, Service, Traders, Investors, Federal Reserve, Saxo, Microsoft, Google, Apple, Securities, West Texas Locations: China, Here's

☆ Tesla and Alphabet Earnings Prompt Big Tech Stock Decline
▼ + stars: | 2024-07-24 | by ( Danielle Kaye | More About Danielle Kaye | ) www.nytimes.com time to read: +1 min

Earnings reports from Google’s parent company, Alphabet, and Tesla on Tuesday led to a drop in big tech stocks, while shares of smaller companies remained strong. The Russell 2000, an index of smaller companies that’s considered to be more tied to the ebb and flow of the economy, was down just 0.48 percent, in line with trading in recent weeks and indicating that shares of smaller companies stayed relatively robust. Investors were expecting perfection from the tech giants’ earnings reports, said Daniel Ives, a tech analyst at Wedbush Securities. “Investors are negatively reacting to any whiff of softness that we see from these big tech players,” he said. “I think it’s an overreaction after a massive run in tech stocks.”

Persons: Tesla, Russell, Daniel Ives, Ives, ”, “ Organizations: Nasdaq, Wedbush Securities

☆ This will be the largest IT outage in history, bringing Y2K fears to reality, web-security expert says
▼ + stars: | 2024-07-19 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +1 min

A massive IT outage on Friday caused widespread disruption across different sectors worldwide. An expert said the outage, linked to a CrowdStrike update, mirrors Y2K fears that never came true. Air travel, banks, and 911 lines are among some of the many services affected by the global outage. Y2K passed with barely a blip, but over two decades later, one web security consultant says those fears have finally been realized, thanks to a massive IT outage on Friday. "This is basically what we were all worried about with Y2K, except it's actually happened this time," Troy Hunt, an Australian web security expert, said in an X post.

Persons: —, Troy Hunt Organizations: Service, Business Locations: Australian

☆ The rout in tech stocks is a 'golden buying opportunity' for investors, analyst says
▼ + stars: | 2024-07-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The recent tech sell-off is a "golden buying opportunity," according to Wedbush. The midweek rout in tech stocks was partly triggered by Trump's hawkish comments about Taiwan. But solid earnings results in the second-quarter should spark a rebound in the tech trade, Ives said. AdvertisementThe sell-off in technology stocks represents a "golden buying opportunity" for investors, according to Wedbush analyst Dan Ives. Principal Asset Management's Todd Jablonski said this tech sell-off is simply a small blip in the grand scheme of things.

Persons: Trump's, Ives, —, Dan Ives, Donald Trump's hawkish, Trump, Joe Biden's, it's, Todd Jablonski, Jablonski Organizations: Service, Bloomberg Businessweek, Nasdaq, Trump, Semiconductor Locations: Taiwan, China, Beijing, U.S, 1H2024

☆ JD Vance: Why Europe looks at Trump’s VP pick with anxiety
▼ + stars: | 2024-07-16 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +8 min

CNN —Many of America’s closest allies were already dreading the prospect of Donald Trump’s return to the White House. Now that the former president has picked JD Vance as his running mate, they potentially have a lot more to worry about. By choosing Vance, Trump has sent a clear signal that, if elected, his America-first foreign policy will be back in force. “JD Vance does not appear to be interested in being a good ally to Europe,” Berzina said. I think Russia has incentive to come to the table right now.

Persons: America’s, Donald Trump’s, JD Vance, Vance, Trump, ”, Kristine Berzina, “ JD Vance, ” Berzina, Putin, Vance’s, “, Sergey Lavrov, Lavrov, Volodymyr Zelensky, CNN’s Kaitlin Collins, Zelensky, Jose Luis Magana, China Vance, we’re, ” Vance, Trevor McCrisken, you’ve, Ukraine that’s, ” McCrisken, ” Sam Greene, Biden, Greene, Joe Biden, ” Greene, –, Nikki Haley Organizations: CNN, Trump, NATO, Labour, Marshall Fund of, United, Munich, Conference, United Nations, Conservative Political, East, Fox News, New York Times, Patriot, University of Warwick, Republicans, Democratic, Center for, King’s College London, Republican, Republican Party Locations: America, Ohio, Ukraine, Russia, United Kingdom, United States, Washington, Europe, Russian, Munich, Oxon Hill, China, East Asia, Beijing, Taiwan, Asia, Czech, UN

☆ Buying the dip on a cheap stock? Don't do it 'just because the price has gone down,' says investing chief
▼ + stars: | 2024-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

"Buying because the stock price has gone down without knowing some of the underlying issues or without understanding some of the underlying activities, could be problematic," says Clark Bellin, president and chief investment officer at Bellwether Wealth. After all, a stock could take major losses and then soar to new heights à la Apple. But what about that same markdown in the price of that company's stock? You'll just have to figure some things out before you buy, says Sam Stovall, chief investment strategist at CFRA. Rather than scrambling to do research, he says, keep a watchlist of stocks you'd be interested in buying at the right price.

Persons: Clark Bellin, Sam Stovall, Bellin, Charles Rotblut, Stovall, It's, Raife Giovinazzo, Giovinazzo Organizations: Blockbuster, Nike, American Association of, Fuller, Thaler Asset Management, Nasdaq, Yahoo Finance, CNBC

☆ Live Updates: Inflation Likely Cooled Further in June
▼ + stars: | 2024-07-11 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +3 min

Overall inflation was probably 3.1 percent in June on an annual basis, down from 3.3 percent in May and the coolest reading since January, based on Bloomberg economist forecasts. Economists forecast just 0.2 percent core inflation on a monthly basis, which would match the reading for May. Fed officials have been watching for evidence that inflation is still coming down as they contemplate when to begin cutting interest rates. And Thursday’s inflation reading is poised to be markedly cooler than the 9.1 percent rate when inflation peaked at in 2022. Fed officials meet in late July, but few economists expect a move that early.

Persons: ” Jerome H, Powell, that’s, “, ” Organizations: Federal Reserve, Bloomberg, Fed

☆ Apple seems super confident that AI will make you want to buy a new iPhone
▼ + stars: | 2024-07-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Read previewIt seems Apple is quietly confident about the power of AI to sell iPhones. Apple's AI ambitions face challengesFor one, Apple's sagging iPhone sales have been no short-term blip. Related storiesIn its last full financial year, iPhone sales were down to $200 billion from $205 billion the previous year. It means Apple will need its AI offering to be strong enough to change consumer behaviour. AdvertisementThe bigger question looming over Apple is whether users care about AI enough to shell out for upgrade.

Persons: —, Tim Cook, Apple, EMMANUEL DUNAND, Apple's, it's, OpenAI Organizations: Service, Bloomberg, Apple Intelligence, Business, Apple, Samsung, Worldwide Developers, Google, South, Galaxy Locations: China

☆ Live Updates: Inflation Cooled Further in June
▼ + stars: | 2024-07-11 | by ( Jeanna Smialek | Danielle Kaye | ) www.nytimes.com time to read: +3 min

On a monthly basis, prices fell overall, and the core price index was up just 0.1 percent. Fed officials have been watching for signs that inflation is still coming down as they contemplate when to begin cutting interest rates. And Thursday’s inflation reading is poised to be markedly cooler than the 9.1 percent rate when inflation peaked at in 2022. Fed officials meet in late July, but few economists expect a move that early. Fed policymakers officially target 2 percent annual inflation, and they define that goal using the Personal Consumption Expenditures inflation measure, which is related to Thursday’s Consumer Price Index but released later in the month.

Persons: ” Jerome H, Powell, that’s Organizations: Federal Reserve, Bloomberg, Fed

☆ Former Microsoft CEO Steve Ballmer is now just as rich as his former boss Bill Gates. Here's how he spends his billions.
▼ + stars: | 2024-07-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Earlier this week, Steve Ballmer's wealth briefly overtook that of his former boss, Bill Gates. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Steve Ballmer's wealth leapfrogged that of Gates, his former boss and Microsoft's cofounder. This story is available exclusively to Business Insider subscribers.

Persons: Steve Ballmer's, Bill Gates, They're, Ballmer, —, Gates Organizations: Bloomberg, NBA's LA Clippers, Intuit, Service, Business

☆ Biden tries but fails to turn back rising tide threatening to swamp his reelection bid
▼ + stars: | 2024-07-04 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

I’m not leaving,” Biden declared to spooked campaign staff on a phone call on Wednesday as he searched for an elusive comeback. And even a far more competent damage control effort than the White House and the Biden campaign have mounted so far would have struggled to erase that impression. On Wednesday for instance, the White House picked up Biden’s line that he was jet lagged after two trips to Europe in early June. And Biden had the Democratic governors to the White House. The White House and the campaign said the reports were false.

Persons: CNN —, Joe Biden, Biden, Donald Trump, “, ” Biden, —, CNN’s MJ Lee, Raúl, The New York Times he’d, Lloyd Doggett, Trump, squandering, Karine Jean, Pierre, ” — Biden, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, James Clyburn, Delaware Sen, Chris Coons, Minnesota’s Tim Walz, Wes Moore, Moore, – Gavin Newsom, Joe Biden’s, there’s, Gretchen Whitmer, Kamala Harris, Annie Grayer, Chris LaCivita, Susie Wiles, Joe, Copilot Kamala Harris, ”, — Biden’s, he’ll, Jeff Zeleny, Jamie Raskin, Debbie Dingell Organizations: CNN, White House, Independence, Democratic, White, ABC News, Democratic Party, Trump, Biden, The New York Times, Texas Rep, New York Times, Siena College, South Carolina Rep, House, Michigan Gov, ”, Michigan Locations: Atlanta, Europe, Arizona, Grijalva, Siena, Wisconsin, Pennsylvania, California

☆ China Dangled Rebates to Lure People to Spend. It’s Not Enough.
▼ + stars: | 2024-07-01 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

Four months ago, China’s leaders announced what seemed like a straightforward and proven plan to recharge the economy: Subsidize consumers who want to replace old cars and household appliances. Only 113,000 cars qualified for trade-in subsidies through June 25 — a blip in a country where monthly sales exceed two million cars. In 2009, the United States, Germany, France, Spain and Austria offered so-called cash for clunkers programs to revive car sales. They paid households to scrap gas guzzlers and replace them with newer cars with better fuel economy. China itself gave extensive tax cuts and subsidies for consumers to buy new cars and household appliances.

Persons: ”, Dai Yu Locations: Jingdezhen, Jiangxi Province, China, United States, Germany, France, Spain, Austria

☆ Trying to convince voters that Biden's debate performance was a one-off will backfire, experts say
▼ + stars: | 2024-07-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's aides have defended his debate performance, treating it as an unimportant one-off in a long campaign. According to The New York Times, the president's aides are trying to cast Biden's performance — branded by many as a disaster — as insignificant in the long run. Related storiesIronically, Biden's aides also appeared to blame the president's age when discussing his debate performance with Axios. "But I know what I do know — I know how to tell the truth ... "By framing Biden's performance as a 'blip,' campaign surrogates are trying to reset expectations.

Persons: —, Joe Biden's, Jen O'Malley Dillon, Biden's, Quentin Fulks, Biden, Trump, Thomas, It's, doesn't Biden, Katherine Tangalakis, Erin Snodgrass, Andrew Payne, Donald Trump, Payne, isn't Organizations: Service, The New York Times, Business, University College London, Interact, White, Q Locations: McDonald's, United States, Raleigh

☆ Nothing to See Here? White House Portrays Biden’s Debate Performance as a Blip
▼ + stars: | 2024-06-30 | by ( Michael D. Shear | ) www.nytimes.com time to read: +1 min

Seventy-two hours after the debate in Atlanta last week, President Biden and those closest to him have settled on the same strategy police officers use to shoo bystanders away from a car crash: “Nothing to see here.”According to the talking points being repeated by the president’s aides and surrogates, the debate was a 90-minute blip in a long campaign. Mr. Biden didn’t have “a great night,” as he told donors Saturday, but fund-raising is going strong and he has already bounced back. Aides have been pushing a similar message for more than a year, as polls have shown that voters are worried about the president’s age. They have brushed off such concerns, calling them little more than a creation of the media and the MAGA movement supporting the campaign of former President Donald J. Trump. Jen O’Malley Dillon, the president’s top campaign strategist, said on Saturday that any drop in the polls would be the result of “overblown media narratives.” Senator John Fetterman, Democrat of Pennsylvania, dismissed anxiety about the president’s performance, saying on “Fox News Sunday” that “it’s like one debate.”

Persons: Biden, surrogates, Biden didn’t, MAGA, Donald J, Trump, Jen O’Malley Dillon, John Fetterman, ” Organizations: “ Fox, Sunday Locations: Atlanta, Pennsylvania

☆ Stock market today: Indexes cap stellar first half of 2024 with losses even after encouraging inflation report
▼ + stars: | 2024-06-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US indexes ended the day lower, despite market excitement over the latest PCE data. The stock market closed 2024's first half strongly, with the S&P 500 up nearly 15%. "The soft inflation data will build the case that the Fed can start cutting rates in the coming months," LPL Financial chief economist Jeffrey Roach said. Currently, futures markets are pricing in the odds of twoThe soft inflation reading was not enough to keep the indexes in the green through Friday, but the stock market still strongly closed out the first half of 2024. Could these be harbingers of weakness to come, or will they take over as market leaders in the second half?"

Persons: —, Jeffrey Roach, that's, David Morrison, Dow, Russell Organizations: Service, Federal Reserve, Financial, Here's

☆ An options trade that wins if the red-hot chip trade cools off in the second half
▼ + stars: | 2024-06-28 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Although Micron (MU) has not had Nvidia's meteoric performance, it has been a stellar stock, doubling in the last year and up over 50% in 2024. The AI boom has buoyed memory chips higher as these chips have become a more important component for artificial intelligence accelerators. However, the possibly unrealistic bar now being set for AI earnings reports saw Micron drop more than 7% on high volume. I want to express a short-term bearish view in Micron as I believe further profit-taking will occur in the third quarter. Micron is one of the largest semiconductor companies in the world, specializing in high-bandwidth memory and storage chips.

Persons: Long Organizations: Micron, Nvidia, JPMorgan, MU, CNBC, NBC UNIVERSAL Locations: CapEx

☆ The fertility crisis is here and it will permanently alter the economy
▼ + stars: | 2024-06-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

In the 1960s, there were six people of working age for every retired person, according to the World Economic Forum. “What you’re seeing is increased spending on programs like Medicare and Social Security as the baby boomers are aging into those programs. And then of course, fewer workers relative to the number of people who are receiving Social Security and Medicare benefits,” said Dahl. Social Security payments still provide about 90% of income for more than a quarter of older adults in the United States, according to Social Security Agency surveys. But without intervention, the Social Security trust fund will be depleted by the mid-2030s, meaning that only a portion of retirees’ expected benefits will be paid out.

Persons: it’s, Louis, Simona Paravani, ”, Elon Musk, Kimberly, Clark, Mark Schneider, he’s, Emmanuel Macron, Donald Trump, Molly Dahl, Dahl, Eric Schmidt, ” Schmidt, Goldman Sachs, Stefano Scarpetta, Li Qiang, Juliana Liu, Joyce Jiang, Li, China’s, Xi Jinping, Biden, Max Prosecutors, haven’t, Max, Read Organizations: London CNN, Organisation for Economic Co, Development, Economic, Federal Reserve Bank of St, BlackRock, Disease Control, Congressional Budget Office, CBO, Social Security, Social, Social Security Agency, Google, Summit, Federal Reserve Bank of Richmond, OECD, ” Companies, West Chinese, CNN, EV, Prosecutors, Boeing, Max, US Justice Department, Alaska Air, Justice Department, Federal Aviation Administration Locations: Chad, Niger, Somalia, Samoa, Tonga, Tajikistan, United States, London, China, Beijing, Dalian, Canada, Beijing’s “

☆ Wall Street’s facing an economic double-whammy this week
▼ + stars: | 2024-06-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Despite the rare event, it’s unlikely the stock market will swing widely because of the economic two-fer, some investors say. Inflation showed signs of cooling in April after staying worryingly warm during the first quarter of this year. America’s rural hospitals keep getting attacked by cybercriminals. Microsoft said in a statement to CNN that it would provide free security updates for eligible rural hospitals, as well as security assessments and training for hospital staff. Google will provide free cybersecurity advice to rural hospitals and start a pilot program to match the firm’s cybersecurity services with the needs of rural hospitals.

Persons: Powell, ”, Dave Sekera, Alicia Wallace, Sean Lyngaas, Michelle Watson Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, Morningstar, Investors, Traders, Fed, UBS, Federal Reserve Bank of New, The, Consumer, cybercriminals, Microsoft, Google, White, CNN, White House National Security Council Locations: New York, pare, Federal Reserve Bank of New York, York, United States

☆ Iga Świątek wins third straight French Open title with dominant victory against Jasmine Paolini
▼ + stars: | 2024-06-08 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

1 Iga Świątek won her third consecutive French Open title on Saturday with an emphatic 6-2 6-1 victory against Italy’s Jasmine Paolini. She is the first woman since Justine Henin in 2007 to win three consecutive French Open titles, dismantling first-time grand slam finalist Paolini in just an hour and eight minutes. Bertrand Guay/AFP/Getty ImagesIn the later stages of this year’s French Open, Świątek has been unmatched, dropping just 17 games across the past five matches. But for all her superiority, she was almost ousted from the tournament by Naomi Osaka in the second round. Gonzalo Fuentes/ReutersBeaten only twice at the French Open, Świątek follows Monica Seles and Henin by claiming a third consecutive women’s singles titles at Roland Garros in the Open Era.

Persons: Iga Świątek, Italy’s Jasmine Paolini, – Świątek’s, Roland Garros, Justine Henin, Paolini, Świątek, Bertrand Guay, Naomi Osaka, ” Świątek, “, it’s, ” Paolini, Philippe, Chatrier, It’s, I’m, Gonzalo Fuentes, Monica Seles, Henin, Serena Williams, – Chris Evert, Steffi Graf, –, Rafael Nadal, ” Organizations: CNN, Świątek, Paolini, Getty, Reuters Locations: AFP, Madrid, Rome, Paris, Świątek

☆ Opinion | Should Biden Downplay His Own Success?
▼ + stars: | 2024-06-03 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

The performance of America’s economy over the past two years has been remarkable, especially given the dire predictions of many observers. Remember the economists who forecast a recession in 2023? Remember all those warnings that getting inflation down would require years of high unemployment? Stocks are way up since President Biden took office. Yet there’s still a lingering conventional wisdom that says Biden shouldn’t trumpet his economic record.

Persons: Biden, there’s, Jimmy Carter’s Organizations: Washington

☆ From ‘The Sympathizer’ to ‘Past Lives,’ American Audiences Warm to Subtitles
▼ + stars: | 2024-05-23 | by ( Brandon Yu | Alice Fang | ) www.nytimes.com time to read: +6 min

In Hollywood today, not only are Asian and Asian American narratives more prominent than ever, but they are also being told in increasingly dynamic ways through the artful use of Asian languages. The sequence is emblematic of a significant shift in how Asian languages are featured in American film and TV. Marvel” (2022) and “American Born Chinese” (2023) — that use Asian languages to bring additional depth and nuance to their stories. “The trend has shifted.”It’s a startling evolution from how Asian languages have typically appeared on American screens. The internet’s broad entertainment ecosystem has also diversified the American media palate.

Persons: ”, —, sheepishly, “, Robert Downey Jr, Bong Joon, Bong Joon Ho, Sharon Choi, Paul Drinkwater, Pachinko ”, Marvel ”, Minjeong Kim, Don McKellar, ” McKellar, ” “, ” Hopper Stone, ” Kim, Bela Bajaria, Lupin, helming, Lulu Wang, ’ Organizations: Communist, Hollywood Vietnam, Globe, Golden Globe, NBCUniversal, Getty, Center, Asian, Pacific Studies, San Diego State University, HBO, YouTube, Netflix, Spanish Locations: Hollywood, Vietnam, Hong Kong

☆ Michael Cohen gives Donald Trump his best day in hush money trial so far
▼ + stars: | 2024-05-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump finally had a good day in court. But on Thursday, he got to savor his former fixer-turned-enemy Michael Cohen wobbling on the stand under a fearsome cross-examination. And now, the prosecution faces a stiff challenge in repairing the damage when they get to their redirect examination of Cohen’s testimony following the close of cross-examination next week. “I think it was a very interesting day, it was a fascinating day. And it also raises the possibility that some jurors might believe that they have been lied to by Cohen earlier in the trial.

Persons: Donald Trump, Michael Cohen wobbling, Cohen, Stormy Daniels, “, ” Ryan Goodman, CNN’s Erin Burnett, ” Trump, Matt Gaetz, Trump, Todd Blanche, Blanche, Daniels, ’, Keith Schiller, Schiller, …, ” Blanche, President Trump, doesn’t, ”, Juan Merchan, Nikki Lotze, “ Jim, Norm Eisen, ” Eisen, CNN’s Anderson Cooper, George Conway, ” Cohen, kingpins, Cohen’s Organizations: CNN, GOP, Trump, NYU Law, Florida, Conservative

☆ China's April retail sales data 'a little bit of a blip,' economist says
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's April retail sales data 'a little bit of a blip,' economist saysLouise Loo of Oxford Economics says, however, that a "mild improvement" in consumer confidence can be expected.

Persons: Louise Loo Organizations: Oxford Economics

☆ A key sign of strength in Warner Bros. Discovery's latest earnings report would take a massive hit if TNT loses the NBA
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.

Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball

Search resuls for: "blip"

25 mentions found