Disney's Flywheel Picks Up Some Speed
The company’s long-term forecast buoys hopes that streaming can make strong profit while theme parks show resilience. Source link
Archegos’ Bill Hwang deserves 21 years in prison, US says By Reuters
By Jonathan Stempel NEW YORK (Reuters) – Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion firm and cost its lenders more than $10 billion, federal prosecutors said on Friday. Hwang, 60, faces a scheduled Nov. 20 sentencing in Manhattan federal court after being convicted in July on 10 criminal charges including securities
Sonos Begins a Very Long Road Back
The speaker maker’s holiday quarter forecast is lifting its stock, but fallout from last spring’s app fiasco still lingers. Source link
Austria says Russia to cut off gas from Saturday By Reuters
By Nina Chestney, Francois Murphy and Dave Graham LONDON/VIENNA (Reuters) -Russia told Austria on Friday it will suspend gas deliveries via Ukraine on Saturday, in a development that signals a fast-approaching end of Moscow’s last gas flows to Europe. Russia’s oldest gas-export route to Europe, a pipeline dating back to Soviet days via Ukraine, is set to shut at the end of this year. Ukraine has said it will not
Warren Buffett's Berkshire Hathaway Takes a Small Stake in Domino's Pizza
The Omaha, Neb., company also disclosed a new position in Pool Corp. and cut its stake in Capital One. Source link
Netflix down for thousands of users in United States, Downdetector says By Reuters
(Reuters) -Netflix was down for thousands of users in the United States late on Friday, with more than 12,000 incidents reported, outage tracking website Downdetector.com said. The reports come as Netflix (NASDAQ:) airs a much-anticipated live boxing match between Mike Tyson and Jake Paul, that promises to draw high traffic to the platform. The number of users indicating problems had fallen to 5,114, by 9:21 p.m. ET, however, according to
The WSJ Dollar Index Rises 0.3% to 101.11
The WSJ Dollar Index was up 0.3 to 101.11 — up six of the past seven trading days. Source link
Major Trump Media shareholder sells nearly entire stake By Reuters
(Reuters) – Trump Media & Technology Group’s key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday. ARC and its manager Patrick Orlando now hold about 0.01% stake, down from more than 5% or over 11 million shares in September. Orlando was the former CEO of the blank-check company Digital World Acquisition (NASDAQ:) that took Trump Media
No One Can Find Safe-Deposit Boxes Anymore
As banks close branches, many are ditching a traditional service that they consider to be outdated. Source link
T-Mobile hacked in massive Chinese breach of telecom networks, WSJ reports By Reuters
(Reuters) – T-Mobile’s network was among the systems hacked in a damaging Chinese cyber-espionage operation that successfully gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Source link
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