Latest Updates Around The World
Netflix rose more than 9% on Friday as investors cheered the decision to drop out of the race for Warner Bros Discovery, a months-long bidding war with Paramount Skydance for some of Hollywood’s most prized assets.Netflix declined to match Paramount’s latest offer of $31 per share or increase its $27.75 per share offer for Warner […]
Nvidia is dragging Wall Street down on Thursday after its latest major earnings report wasn’t enough to impress investors.The Dow Jones fell 202.53 points, or 0.41%, to 49,279.62; the S&P 500 fell 78.60 points, or 1.13%, to 6,867.54; and the Nasdaq fell 440.72 points, or 1.90%, to 22,711.36. Nvidia, whose chips are helping power the […]
Warner Bros. Discovery will likely hold a shareholder vote on its $82.7 billion deal to sell its streaming and studio assets to Netflix in March, CNBC reported Monday.Warner Bros Discovery and Netflix did not immediately respond to Reuters requests for comment. A green light from investors would advance the deal but could face intense scrutiny […]
Netflix’s co-CEOs found themselves in an unusual position after the company’s latest earnings report: in the background.The streaming pioneer’s decision to pour nearly $83 billion into Warner Bros’ assets marks a significant departure from the company’s long-standing mantra: build, don’t buy. Investors still aren’t buying it.Shares were already under pressure before Netflix made a bid […]
Netflix has moved to an all-cash offer for Warner Bros. Discovery’s studio and streaming assets without raising its $82.7 billion price, in a bid to close the door on Paramount’s rival attempts to nab the Hollywood giant.The new cash offer – of $27.75 per share – has unanimous support from Warner Bros’ board, according to […]
Wall Street’s major indexes fell for a second straight day as investors analyzed results from Bank of America and Citigroup, while data on retail sales and producer prices failed to shake expectations for interest rate cuts later this year.Shares of Bank of America fell 3.5% even as the lender beat quarterly profit expectations, while Wells […]
Investors in sovereign wealth and public pension funds will have poured as much as $132 billion, roughly half of their total investments for the year, into the United States by 2025, according to Global SWF’s latest annual report. In contrast, the major emerging markets attracted almost a third less than in 2024, despite strong returns.The […]
Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest attempt to stop Warner Bros Discovery from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing Monday, is aimed at addressing Warner Bros board doubts about Paramount’s financing and the lack of full support […]
US stocks started the shortened holiday week on a positive note, while technology stocks continued to rise on renewed enthusiasm about artificial intelligence as investors awaited key economic data later this week.A rally in tech stocks that started late last week, driven by Micron Technology’s blowout forecasts and a favorable inflation report, has left the […]
Wall Street’s major indexes were slightly higher in volatile trading on Wednesday as investors looked for clues about the outlook for interest rates, while caution lingered after reports of funding hurdles for Oracle’s data center plans.Oracle fell 2.8% after a report showed that Blue Owl Capital, the cloud company’s largest data center partner, said it […]
