Posts with tag: IT
Netflix and Amazon are doubling down on live events and sports to prevent customer churn and maintain growth. Live sports attract large viewership and have built-in fan bases, making them less likely to be canceled. Experts predict the trend of streaming sports will continue to grow, with 90 million US viewers expected to stream a sports event monthly by 2025.
Published on: February 18, 2025, 02:02 PM UTC
US-based Oaktree to refinance $413 million of Star Entertainment's debt, offering a lifeline to the struggling firm.
Published on: February 17, 2025, 05:00 AM UTC
S&P Global warns that an unprecedented US withdrawal from the World Bank and other top multilateral lenders would damage their triple-A credit ratings.
Published on: February 13, 2025, 01:10 PM UTC
Leapmotor launches new electric vehicle with smart driving technology priced under $20,535, following BYD's price cuts for smart EVs.
Published on: February 11, 2025, 01:00 AM UTC
US stocks fell on Monday in response to President Donald Trump's announcement of tariffs on China, Mexico, and Canada. The major averages pared losses mid-morning after Trump said he would delay tariffs against Mexico by a month. The tech-heavy Nasdaq Composite (^IXIC) was down around 1%, recouping about half of its earlier losses. Meanwhile, the S&P 500 (^GSPC) fell roughly 0.6%, and the Dow Jones Industrial Average (^DJI) moved 0.2% lower. Consumer discretionary (XLY) stocks, which includes automakers, were the hardest hit early in the day. Tech (XLK) also dragged on markets as shares of AI chip giant Nvidia (NVDA) and iPhone maker Apple (AAPL) declined.
Published on: February 03, 2025, 05:00 PM UTC
Southwest Airlines stock falls after earnings miss due to higher costs, but CEO remains optimistic about turnaround plans boosted by progress at Boeing.
Published on: February 03, 2025, 02:02 AM UTC
Molson Coors buys 8.5% stake in Fevertree Drinks for $88.3 million. Fevertree, a British company known for its cocktail mixers and other lightly flavored sodas, will return the proceeds to shareholders via a share buyback program.
Published on: January 30, 2025, 08:00 AM UTC
U.S. stocks rise as investors weigh Trump's first moves, including tariffs on Mexico and Canada. Earnings from 3M Company lift Dow, while wobbly performances from Tesla and Apple weigh on Nasdaq.
Published on: January 21, 2025, 07:02 PM UTC