A U.S. judge has temporarily halted media giants Disney, Warner Bros. Discovery, and Fox from launching their anticipated sports streaming service, Venu. The injunction came as a response to a lawsuit filed by Fubo TV, the internet TV bundle, alleging anticompetitive practices by the new streaming service, which was set to launch just weeks before
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Tencent has outperformed expectations in the second quarter, with both revenue and profit exceeding LSEG consensus estimates. The company reported revenue of 161.12 billion Chinese yuan, surpassing the expected 160.77 billion yuan. Profit attributable to equity holders of the company also exceeded expectations, reaching 47.63 billion Chinese yuan compared to the anticipated 39.95 billion yuan.
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in the film “Deadpool & Wolverine” has broken records and set a new standard in the world of cinema. Surpassing Warner Bros.’ “Joker,” the Disney and Marvel film has become the highest-grossing R-rated title of all time. With over $1.085 billion in global ticket sales,
United Auto Workers President Shawn Fain recently released a video where he criticized Stellantis CEO Carlos Tavares, accusing him of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments in the video raised concerns about sales being down, profits decreasing, and CEO pay increasing significantly. He
Vice President Kamala Harris recently rolled out a new economic plan that includes an expanded child tax credit worth up to $6,000 for families with newborn children. This proposal aims to build upon the higher child tax credit introduced through the American Rescue Plan in 2021, which gave families a maximum credit of up to
Over the past few months, Palo Alto Networks stock has experienced a significant uptrend, gaining close to 17% since August 5th. This growth has outperformed the S&P 500, indicating that investor expectations for the cybersecurity leader are high. However, such rapid growth may lead to concerns about potential overvaluation and market volatility. In light of
The private jet industry has been experiencing a decline in demand, with private jet flights falling by 15% in the first half of the year compared to their peak in 2022. This decrease in demand can be attributed to various factors such as waning interest in high-end travel, a shift in consumer behavior, and a
The demand for power from data centers is expected to triple by 2030, driven by the increasing use of artificial intelligence. This rapid growth will lead to an explosion in renewable energy and natural gas consumption, according to a report by Mizuho Securities. By the end of the decade, data centers will require 400 terawatt
China’s financial risks, including those stemming from local government debt, have reportedly decreased. People’s Bank of China Governor Pan Gongsheng emphasized this in recent state media interviews. He expressed confidence that the central bank, in partnership with the Ministry of Finance, will help China achieve its growth targets for the year. Pan also affirmed that
As retirement draws closer for investors, it is crucial for them to understand the potential threat posed by the “sequence of returns risk.” This risk, also known as “sequence risk,” is often underestimated and overlooked by retirees. It occurs when poor investment returns are coupled with withdrawals, especially in the early stages of retirement. This