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UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ Elon Musk took a jab at Disney's Bob Iger with an apparent recycled April Fools' joke
▼ + stars: | 2024-04-01 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Elon Musk took aim at Disney CEO Bob Iger in an apparent April Fools' Day joke posted to X. "Excited to join @Disney as their Chief DEI Officer," Musk wrote in the early hours of April 1. AdvertisementElon Musk took aim at Disney CEO Bob Iger in an apparent April Fools' Day joke which, it turns out, wasn't that original. "Excited to join @Disney as their Chief DEI Officer," Musk wrote on X, formerly Twitter. "Can't wait to work with Bob Iger & Kathleen Kennedy to make their content MORE woke!

Persons: Elon Musk, Bob Iger, Musk, Musk's, —, Kathleen Kennedy, Can’t, — Elon, Tesla, Konstantin Kisin, Kisin, 😂, ingle, ince, ake, lon, ina, haring, ike, olitical Organizations: Disney, @Disney, Service, TRIGGERnometry, BBC, ust Locations: lon, usk, ife

☆ Lawsuit by Elon Musk's X was an attempt to punish free speech, judge rules
▼ + stars: | 2024-03-25 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA lawsuit that Elon Musk's X filed last year against a research group was thrown out Monday, with US District Judge Charles Breyer saying, "This case is about punishing the Defendants for their speech." But Breyer wrote "there can be no mistaking" that the real motive of the suit was to bully X's critics into silence. Related storiesWhen asked for comment on the decision, the press email for X replied, "Busy now, please check back later." Musk has previously said he's a "free speech absolutist" and that his "thermonuclear" lawsuits against media-watchdog groups are about "protecting free speech."

Persons: —, Elon Musk's X, Charles Breyer, X, Breyer, Musk, Imran Ahmed, lawfare Organizations: Service, US, Northern District of, Business, X Corp, Media Matters Locations: Northern District, Northern District of California

☆ Federal judge tosses Elon Musk’s case against hate speech watchdog CCDH
▼ + stars: | 2024-03-25 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

CNN —A federal judge on Monday threw out a lawsuit by Elon Musk’s X that had targeted a watchdog group for its critical reports about hate speech on the social media platform. In a blistering 52-page order, the judge blasted X’s case as plainly punitive rather than about protecting the platform’s security and legal rights. X has blamed CCDH’s reports, which showcase the prevalence of hate speech on the platform, for amplifying brand safety concerns and driving advertisers away from the site. In the suit, X claimed that it had suffered tens of millions of dollars in damages from CCDH’s publications. “If CCDH’s publications were defamatory, that would be one thing, but X Corp. has carefully avoided saying that they are,” Breyer wrote.

Persons: Elon Musk’s, ”, Charles Breyer, ” Breyer, X, CCDH’s, Musk, Alex Jones, Breyer, “, CCDH, X’s, Imran Ahmed, @CCDHate, @ElonMusk’s @X, ” Ahmed, Ahmed, “ X Organizations: CNN, Court, Northern, Northern District of, Twitter, X Corp, Center Locations: Northern District, Northern District of California, Newtown , Connecticut, California, San Francisco

☆ Disney streaming salary data shows Disney+ and Hulu staffers can earn as much as $385,000 in pay. See the full list.
▼ + stars: | 2024-03-18 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +13 min

In the paid streaming wars, where only a few players will be favored, Disney has established itself as a formidable No. Disney has been pushing a lower-priced ad tier and cracking down on password sharing to drive subscriber growth at Disney+. To see what Disney and Hulu pay for certain jobs, Business Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming — $120,000 to $385,057 a yearDisney streaming roles, not including Hulu, Disney has offered between $120,000 and $385,057 a year to some candidates on US work visas.

Persons: Bob Iger, It's, Hulu, Elaine Low, Colin Salao Organizations: Disney, Netflix, ESPN, Star, Business, Netflix's, Hulu, Disney's, Fox Corp, Warner Bros, US, of Foreign Labor, Labor, Consumer, Software Engineering, Data Engineering, Business Intelligence, Software, Account, Growth, Hulu —, Management, Security, Network, Disney Entertainment, Disney Financial Services, Human Resources Services, Workforce Technology, Engineering, Disney Parks Technology, Technology, Digital, Retail Commerce, Disney Worldwide, Walt Disney Attractions Technology, Walt Disney Parks and Resorts, Walt Disney Pictures, & $ Locations: Hulu, Disney

☆ OpenAI strikes deals with more major news publishers, posing a threat to Google's dominance
▼ + stars: | 2024-03-16 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

The ChatGPT maker announced this week it had struck partnerships with two major European media organizations: France's Le Monde and Spain's Prisa Media. This story is available exclusively to Business Insider subscribers. This is a "threat" to GooglePublishers who've signed agreements with OpenAI say they hope the partnerships will bring new life to their business. By wooing users with a better interface, OpenAI could threaten Google's dominance over online search, Zaman said. OpenAI did not immediately respond to a request for comment from Business Insider.

Persons: —, OpenAI, Brad Lightcap, Axel Springer, Roger Lynch, Condé Nast, Google Publishers who've, Le Monde, Tauhid Zaman, Zaman, Hugh Martin Organizations: Service, Prisa, Business, Politico, CNN, Fox Corp, Bloomberg, ChatGPT, Yorker, Wired, The New York Times, Microsoft, Google Publishers, Google, Facebook, Media, Yale School of Management, Publishers, Scripps School of Journalism, Ohio University Locations: OpenAI

☆ SXSW weighs in after Texas governor tells artists pulling out of the music festival because of the US Army 'don't come back'
▼ + stars: | 2024-03-13 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

South by Southwest acknowledged artists who boycotted the festival due to US Army sponsorship. Despite the controversy, SXSW is maintaining its military sponsorship. Greg Abbott on Tuesday, after he demanded artists who pulled out of the festival due to US Army involvement not visit or return to Texas. The Army is hosting a range of panels at the festival from "Transforming for the Future: Innovation, Tech, and the Army" to "Unleash Your Beast: Army Functional Fitness." Mong Tong at the SXSW Music Opening Party Music Festival Showcase as part of SXSW 2024 Conference and Festivals held at the Palm Door on Sixth on March 12, 2024 in Austin, Texas.

Persons: Greg Abbott's, —, Greg Abbott, Governor Abbott, Abbott, Mong Tong, Diego Donamaria, Rachel Chinouriri, Chinouriri, Eliza McLamb, Ellen Lovett Organizations: US Army, Gov, SXSW, Service, Southwest, Army, Israel, U.S, Collins Aerospace, BAE Systems, RTX Corporation, Raytheon, Texas Tribune, Innovation, Tech, Getty, Star Locations: Southwest, Texas, Austin, Antonio, Austin , Texas

☆ Rupert Murdoch is engaged to marry – again
▼ + stars: | 2024-03-07 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +2 min

CNN —Within a year of calling off his last wedding, nonagenarian billionaire Rupert Murdoch has popped the question to another partner, months after they started dating. It’s the second time Murdoch has been engaged in a year. Last March, the media titan announced plans to marry Ann Lesley Smith, a former dental hygienist and conservative radio host. Murdoch and Zhukova reportedly started dating in the summer and plan to marry at Moraga Bel Air, Murdoch’s luxury vineyard and estate in California. Murdoch was previously married to former flight attendant Patricia Booker, journalist Anna Murdoch and entrepreneur Wendi Deng, who reportedly introduced him to Zhukova.

Persons: Rupert Murdoch, It’s, Murdoch, Ann Lesley Smith, Elena Zhukova, Zhukova, Dasha, Abramovich, Lachlan, Patricia Booker, Anna Murdoch, Wendi Deng, Jerry Hall, Smith, “, ” Organizations: CNN, News Corp, The New York Times, Moraga Bel Air, Bloomberg’s, News Corporation, Fox Corporation, Fox News Locations: California, Russian

By contrast, Musk appeared to discourage OpenAI co-founders from taking a too-lean approach to fundraising, according to emails the company reproduced from December 2018. The startup also said in its blog post that Musk sought to become OpenAI's CEO in 2017 as it was changing its structure. In emails from January 2018 reproduced by OpenAI, Musk agrees with an unnamed sender who encouraged the startup's co-founders to rely on Tesla as their "cash cow." CNBC has not independently verified the authenticity of the emails included in OpenAI's response on Tuesday, some of which contained partial redactions. Attorneys for Elon Musk were not available to comment on Tuesday night after OpenAI published its response.

Persons: Elon Musk, Musk, OpenAI, Sam Altman, Greg Brockman, —, Google's, Sutskever, Brockman, Altman, Tesla, xAI, Elon, OpenAI isn't, — CNBC's Jordan Novet Organizations: SpaceX, Microsoft, The New York Times, X Corp, CNBC, Elon Locations: OpenAI

☆ Elon Musk’s X must face copyright infringement suit by music publishers, federal judge says
▼ + stars: | 2024-03-06 | by ( Ramishah Maruf | Brian Fung | ) edition.cnn.com time to read: +2 min

The decision exposes X, formerly Twitter, to claims that it gave paying “verified” subscribers more leeway than non-paying users to illegally share copyrighted music. The lawsuit, filed last June by the National Music Publishers’ Association — whose members include Universal, Sony and Warner Music Group — also claims that X delayed responding to copyright infringement notices and didn’t take enough “reasonable steps” to combat repeat offenders. But she threw out claims by music publishers that X was directly responsible for stealing artists’ intellectual property. Most large social media platforms, such as TikTok, pay licensing fees to music publishers in exchange for giving users the ability to share songs on the websites. In the case against X, music publishers cited more than 1,700 songs whose copyright X has allegedly infringed, including hits such as Mariah Carey’s “All I Want For Christmas Is You,” Outkast’s “Hey Ya!” and Mark Ronson’s “Uptown Funk,” featuring Bruno Mars.

Persons: Elon Musk’s, National Music Publishers ’ Association —, Warner Music Group —, Aleta Trauger, X, Taylor Swift, Ariana Grande, Mariah Carey’s, Mark Ronson’s, ”, Bruno Mars, “, ” Trauger Organizations: New, New York CNN, Elon, National Music Publishers ’ Association, Universal, Sony, Warner Music Group, X Corp, Court, Middle, Middle District of, CNN Locations: New York, TikTok, Rhianna, Funk, Middle District, Middle District of Tennessee

☆ Who's going to pay $50 a month for a sports streamer that doesn't have all the sports?
▼ + stars: | 2024-03-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

What we still don't know: Why would someone pay $50 a month for this? AdvertisementAfter all, if you like paying for streaming TV, you can pay $73 a month for YouTube TV. So, again: If you're a big enough sports fan that you want to pay for streaming TV, don't you also want all of the sports on streaming TV? And, yes: Spending $50 a month on something instead of $73 a month on something is meaningfully cheaper. Now he's asking them to pay an extra $50 a month — and not get everything they want.

Persons: Lachlan Murdoch, it's, —, Here's, Murdoch, Brendan McDermid, they're, They're, he'll Organizations: Service, Fox Corp, Disney, Warner Bros, Comcast, YouTube, REUTERS, NFL, CBS, league's AFC, NBC, Amazon, Media Locations: America

☆ Former Twitter execs sue Musk and X for more than $128 million in severance
▼ + stars: | 2024-03-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

Former Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that they are owed $128 million in unpaid severance. The ex-Twitter executives' lawyers argue, "These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter's executives out of their severance benefits in order to save himself $200 million." The suit, Agrawal et al v. Musk et al, was filed in California's Northern District and follows news that settlement talks between X Corp. and ex-Twitter managers broke down in a related case in Delaware, Woodfield v. Twitter Inc., where $500 million in unpaid severance to former Twitter managers and engineers is in dispute. Representatives for X Corp. and Elon Musk did not immediately respond to CNBC's request for comment.

Persons: Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett, Elon Musk, Musk, Walter Isaacson, Isaacson, Agrawal Organizations: Twitter, Elon, X Corp, Twitter Inc Locations: Delaware

"Normal people do not use OpenAI's products in this way," OpenAI wrote in the filing. The news outlet's lawsuit, filed in December, seeks to hold Microsoft and OpenAI accountable for billions of dollars in damages. In the past, OpenAI has said it's "impossible" to train top AI models without copyrighted works. "We expect our ongoing negotiations with others to yield additional partnerships soon," OpenAI wrote in the filing. But in the filing, OpenAI says the content is vital to training today's AI models.

Persons: Sam Altman, OpenAI, Altman, Axel Springer, — CNBC's Ryan Browne Organizations: Economic, The New York Times, New York Times, Microsoft, House, Times, Bloomberg, CNN, Fox Corp, CNBC PRO Locations: Davos, Switzerland, Manhattan

☆ Why can’t we stop calling X, Twitter?
▼ + stars: | 2024-02-23 | by ( Saira Mueller | ) edition.cnn.com time to read: +10 min

While some people (mainly fans of Musk) have embraced the X brand, most have not. Many people, both online and in person, still call the platform Twitter, and refer to posts as tweets. WHY ARE WE STILL CALLING THIS PLATFORM TWITTER. Even when you do see X, it's framed as "X, formerly Twitter". So the brand is what they say it is… it’s not that customers can’t stop calling it Twitter, it’s that they won’t.”

Persons: it’s, adieu, Elon Musk, — Jack Scalfani, ”, — Sherrye Pomeroy, Linda Yaccarino, It’s, ” Ramon Jimenez, Wolff Olins, “, ” Marty Neumeier, —, Musk, ’, Zoë Schiffer, Schiffer, Josh Adelson, X, x.com, ” Musk, wasn’t, Neumeier, “ It’s, ’ ” Elon Musk, Alain Jocard, James Withey, Kirill Kudryavtsev, Withey, — Sandy Horne Organizations: CNN, Twitter, Premium, Twitter Twitter, Global, Merriam, Webster, Oxford English, Liquid Agency, Elon, Musk, Twitter Inc, X Corp, Getty, The New York Times, Apple, Adobe, Google, Strategy, Innovation, Nissan, Datsun Locations: @sherrye_pomeroy, San Francisco, Paris, AFP, Frankfurt, Germany, @SandyHorne61

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Amazon wins exclusive streaming rights for NFL playoff game
▼ + stars: | 2024-02-10 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Amazon has landed the rights to exclusively stream one National Football League playoff game next season on its Prime Video platform, a source familiar with the matter told CNN. The deal comes less than a month after NBCUniversal’s Peacock became the first-ever platform to exclusively livestream an NFL playoff game. The source said Peacock did not lose the rights to exclusively stream a playoff game. Earlier this month, Amazon reported a 24% year-over-year increase in total viewership of “Thursday Night Football” this season, citing Nielsen. The NFL declined to comment and Amazon has not responded to CNN’s request for comment.

Persons: NBCUniversal’s Peacock, “, ”, NBCUniversal, Peacock, Nielsen Organizations: New, New York CNN, Football League, CNN, NFL, Kansas City Chiefs, Miami Dolphins, Cleveland Browns, Houston Texans, NBC, NBC Sports Digital, NFL Digital, Telemundo, NBC Sports, Amazon, ”, Seahawks, Cowboys, ESPN, Fox Corp, Warner Bros Discovery Locations: New York

☆ The most expensive home for sale in the U.S. goes up for $295 million in Naples, Florida
▼ + stars: | 2024-02-10 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.

Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,

☆ Climate scientist Michael Mann awarded more than $1 million in damages from conservative writers who defamed his work
▼ + stars: | 2024-02-09 | by ( David Goldman | Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —A jury has awarded climate scientist Michael Mann more than $1 million in a defamation lawsuit he brought against a former scholar and a media personality who lampooned Mann’s work. A jury in the Washington, DC, Superior Court civil case awarded Mann $1 million in punitive damages and a dollar from each defendant in compensatory damages. Mann had also sued the National Review and Competitive Enterprise Institute. Mann intends to appeal that 2021 decision, which said the Competitive Enterprise Institute and National Review could not be held liable for defamation, according to multiple reports. However, Mann’s is the latest in a recent string of defamation trial victories for plaintiffs or large settlements – most notably including E. Jean Carrol’s $83.3 million verdict against former President Donald Trump.

Persons: Michael Mann, Mann’s, Mann, Rand Simberg, Mark Steyn, Jerry Sandusky, “ Mann, ” Steyn, Simberg, Steyn, “, ” Mann, Mike Mann’s, Pete Fontaine, Jean Carrol’s, Donald Trump Organizations: CNN, Competitive Enterprise Institute, National, Pennsylvania State, Superior, DC, Court, X, Fox Corp Locations: Washington, DC, United States

☆ Caitlyn Jenner seemingly asks Elon Musk for legal help after claiming Disney and Bob Iger discriminated against her
▼ + stars: | 2024-02-08 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Caitlyn Jenner has asked Elon Musk for legal help after claiming Disney discriminated against her. The reality star also criticized Disney CEO Bob Iger in earlier social-media posts. AdvertisementCaitlyn Jenner asked Elon Musk for legal help on X (formerly known as Twitter) after claiming that Disney and Bob Iger discriminated against her. — Caitlyn Jenner (@Caitlyn_Jenner) February 7, 2024Musk had not publicly responded to Jenner as of Thursday morning. AdvertisementRepresentatives for Disney, Caitlyn Jenner, and Elon Musk did not immediately respond to requests for comment from Business Insider.

Persons: Caitlyn Jenner, Elon Musk, Jenner, Bob Iger, —, Disney, Musk, Richard Grenell, Bruce ’, Bob, … — Caitlyn Jenner, Iger, Hunter Biden, Gina Carano Organizations: Disney, Service, Hulu, Marvel, ESPN, ABC, Iger, X Corporation, Business Locations: Hulu

☆ ESPN, Fox, and Warner Bros are launching a new sports streaming service. It could change TV forever.
▼ + stars: | 2024-02-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Now combine them on one streaming service. That's what's coming this fall, via a new joint venture, co-owned by Disney, Warner Bros. AdvertisementPeople who are already watching sports on Disney-owned ESPN and the other channels that are joining the joint venture won't lose access to those games, which will stay on the linear channels. Icon Sportswire/Getty ImagesIt's worth noting that all three TV giants have tried a version of a streaming joint venture before. The company that was formerly known as Time Warner, which is now part of Warner Bros.

Persons: —, That's, Disney's, Fox, Time Warner Organizations: Service, ESPN, ABC, Fox, TNT, TBS, Disney, Warner Bros, Fox Corp, Business, NFL, —, CBS, NBC, Discovery, Hulu, Time

☆ Stocks making the biggest moves after hours: Chipotle, Snap, Ford, Warner Bros. Discovery and more
▼ + stars: | 2024-02-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Mercury Systems — Shares of the technology company fell nearly 12% after missing Wall Street estimates in the fiscal second quarter. Viasat — Shares in the communications firm gained more than 5% after Viasat surpassed Wall Street estimates for revenue in the third quarter. The company notched revenue of $1.13 billion while analysts polled by FactSet forecast $1.11 billion. Analysts polled by LSEG expected the company to earn 77 cents per share on revenue of $3.24 billion. Chipotle — Shares added nearly 3% after beating Wall Street estimates on the top and bottom lines in the fourth quarter.

Persons: FactSet, LSEG, Chipotle Organizations: Mercury, Viasat —, Viasat, Wall, FactSet, LSEG, Corp, —, Gilead Sciences, Gilead Sciences — Stock, Ford — Stock, Ford, Disney, Warner Bros, Discovery, Fox Corp, Fox, Warner Bros ., ESPN Locations: Gilead, Gilead Sciences —

☆ Elon Musk's X is paying for Gina Carano to sue Disney over her firing from 'Star Wars'
▼ + stars: | 2024-02-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Gina Carano is suing Disney and Lucasfilm with Elon Musk's financial backing. The "Mandalorian" actor was fired from the show in 2021 after a string of social media controversies. Elon Musk's X Corporation is funding Carano's lawsuit against The Walt Disney Company and Lucasfilm, attorneys for the actor said in a Tuesday press release. AdvertisementIn a Tuesday post on X, Carano denied comparing Republicans to Jewish people. Attorneys for Carano said Tuesday that Musk's X Corporation is paying for her lawsuit.

Persons: Gina Carano, Carano, —, Disney, Elon, Cara Dune, mischaracterizing, lockdowns, Musk, Elon Musk, Carano's Organizations: Disney, Lucasfilm, Elon, Service, Elon Musk's X Corporation, Walt Disney Company, Carano, Business, Twitter, Corporation, Republicans Locations: California

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ In blow to Fox Corp., judge rules Smartmatic case over 2020 election lies can proceed
▼ + stars: | 2024-01-24 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

Cohen already let the case proceed against Fox News — and on Wednesday, he rejected a request by Fox Corporation to throw out the claims against the parent company. The parent corporation had argued that it shouldn’t be involved in the defamation case because it only had general oversight of Fox News itself. The case is still in the discovery phase, with some major depositions taking place in the past month, including former Fox Corporation chairman Rupert Murdoch. The decision boosts Smartmatic’s case against the right-wing media behemoth. A similar 2020-related lawsuit by Dominion Voting Systems was also allowed to proceed against Fox and its parent company.

Persons: David Cohen, Murdoch, Cohen, Fox, Smartmatic, Donald Trump, Joe Biden, ” Smartmatic, ” Cohen, “, defaming, ”, Erik Connolly, Rupert Murdoch, cravenly, Rudy Giuliani, Sidney Powell, couldn’t, ” Fox Organizations: CNN, Fox Corporation, Fox News, Manhattan, Fox ) Corp, Fox Corp, Fox, Dominion Voting Systems, Trump, Wednesday, Smartmatic, “ Locations: New York, York, Florida

☆ Elon Musk visits Auschwitz two months after uproar over antisemitic messages on X
▼ + stars: | 2024-01-22 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Elon Musk has faced accusations of tolerating antisemitic messages on his X platform. Musk sparked an outcry when he called a post that accused Jews of hating white people "the actual truth." More than 1.1 million people were murdered by Nazis and their henchmen at Auschwitz during World War II. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementKRAKOW, Poland — Tesla CEO Elon Musk, who has been accused of allowing antisemitic messages on his social media platform, X, visited the site of the Auschwitz-Birkenau death camp on Monday.

Persons: Elon Musk, —, Tesla, Musk's, Ben Shapiro, Musk, Elon, Rabbi Menachem Margolin, Gidon Lev, Shapiro Organizations: Service, European Jewish Association, Defamation League, White, Disney, IBM, Media Matters, Media, X Corp, Daily Locations: KRAKOW, Poland, Auschwitz, Polish, Krakow, Washington, Oswiecim, Nazi, Roma, Soviet

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