Disney to dramatically cut spending for traditional TV networks
By Lisa Richwine (Reuters) – Walt Disney will cut its investment in programming for traditional television networks pretty dramatically as the company navigates the consumer
Explainer-How Boeing could face the criminal prosecution it avoided in 2021
(Reuters) – The U.S. Justice Department said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737
Netflix hits 40 million users for ad-supported plan
(Reuters) – Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign
Analysis-Hopes for ‘soft landing’ at stake as investors await US inflation data
By Lewis Krauskopf NEW YORK (Reuters) – Investors’ newfound optimism on the U.S. economy faces an important test on Wednesday, with consumer price data set
TikTok creators file suit to block US divestment or ban law
WASHINGTON (Reuters) – A group of TikTok creators said Tuesday they filed suit in U.S. federal court seeking to block a law signed by President
Powell: Very strong support in Congress for an independent Fed
AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday support for U.S. central bank independence remains “very strong” in Congress, pushing back on
Explainer-Canada wildfire season is heating up: Here’s what to know
By Nia Williams (Reuters) – Firefighters in western Canada are battling the first major wildfires of 2024, which sparked into life after unseasonably warm temperatures
OpenAI unveils new AI model as competition heats up
By Anna Tong and Akash Sriram (Reuters) -ChatGPT maker OpenAI said on Monday it would release a new AI model called GPT-4o, capable of realistic
GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally
By Medha Singh and Laura Matthews (Reuters) -Shares of videogame retailer GameStop surged nearly 75% on Monday after “Roaring Kitty”, an account associated with a
Strong Walmart earnings may already be priced in with shares near record
By Siddharth Cavale and Noel Randewich NEW YORK (Reuters) – Walmart’s earnings amid signs of weaker discretionary spending could add fuel to a rally that