Author: Daniel snow
My top 10 things to watch Monday, June 9 1. Warner Bros. Discovery will separate into two public companies by the middle of next year: a streaming and studios company, led by CEO David Zaslav, and a global networks business run by current CFO Gunnar Wiedenfels. The networks company — which will include Warner’s entertainment, sports and news channels like CNN and Discovery — will hold a 20% stake in the streaming unit. Shares jumped 9% on the news. 2. Apple’s annual Worldwide Developers Conference, which starts today, is a pivotal event for one of the portfolio’s most beleaguered stocks.…
Don’t air your dirty laundry on social media — it could cost you dearly. Source link
eToro draws two bullish ratings and a pair of neutral views as analysts initiated overage of online brokerage firm after its IPO. Source link
Chipotle Mexican Grill’s new Adobo Ranch dipSource: Chipotle Mexican GrillChipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales.On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu item is Chipotle’s first new dip since queso blanco, which launched in 2020.The debut comes as Chipotle tries to recover from a rough start to the year. In the first quarter, the company reported its first same-store sales decline since 2020. Executives cited a pullback from consumers who…
Declining volume doesn’t necessarily mean lower share prices. Source link
STATE COLLEGE, PA – DECEMBER 21: Drew Shelton #66 of the Penn State Nittany Lions before a game between SMU and Penn State at Beaver Stadium on December 21, 2024 in State College, Pennsylvania. (Photo by Roger Wimmer/ISI Photos/Getty Images)Roger Wimmer/isi Photos | Getty Images Sport | Getty ImagesAs the college athletics landscape undergoes seismic changes, Elevate on Monday announced a $500 million fund to help universities create long-term growth through strategic investments.The global sports and marketing agency has partnered with private equity firm Velocity Capital Management and Texas Permanent School Fund Corporation to provide schools with money and resources…
The new Streaming & Studios company will include DC Studios and HBO, while Global Networks will include CNN and TNT. Source link
People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an initial public offering earlier in the day on July 29, 2021 in New York City.Spencer Platt | Getty ImagesRobinhood shares sold off on Monday as the online brokerage was snubbed in the latest quarterly rebalance of the S&P 500 Index after months of speculation that it could earn a coveted spot in the benchmark.Shares of Robinhood dropped nearly 5% in premarket trading. The stock has rallied 3.3% Friday to bring last week’s gain to over…
Congress must continue energy investment and production tax credits — or America’s power grid will be made in China. Source link
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesThe world’s largest sovereign wealth fund will this week tell the European Union that “better and simpler regulation” is key to the markets reforms it urgently needs.”European markets over time have fallen behind in terms of business dynamism and the provision of new investment opportunities to institutional investors,” Norges Bank Investment Management, the largest single-owned investor in EU capital markets, said in a letter addressed to the European Commission to be sent Tuesday.The letter comes as part of an EU consultation on…