In a recent fourth-quarter earnings conference call, Netflix co-Chief Executive Officer, Ted Sarandos, reiterated the company’s stance on its newly acquired deal to license WWE’s Raw for the next decade. Sarandos emphasized that professional wrestling falls under the category of “sports entertainment” rather than actual sports. He stated, “WWE is sports entertainment. It’s really as
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The S&P 500 has officially entered into a bull market, which suggests that the broader index may experience further upside in the near future, according to CFRA Research. Last week, the broad market index surpassed its previous record high from January 2022, recovering all the losses incurred during the recent bear market. This achievement is
The Federal Reserve’s decision on interest rate cuts has become a hot topic that significantly influences the direction of the economy and the stock market. This article examines how two upcoming economic reports could shape the central bank’s policymakers’ stance and consequently affect market reactions. These reports, released by the Commerce Department, include the initial
As Japan proudly joins the league of nations that have successfully landed on the moon’s surface, it is quite evident that lunar missions are becoming more commonplace. In fact, it is estimated that over 100 lunar missions will take place by 2030. With countries like the US, Russia, China, and India already leading the charge,
Stellantis CEO, Carlos Tavares, announced on Friday that the company will not sell electrified vehicles at a loss like other automakers have done in the past. This marks a significant departure from the norm, as many automakers have resorted to selling EVs at a loss in order to drive sales, meet fuel economy standards, or
Shares of chip manufacturers AMD and Nvidia reached unprecedented highs on Thursday, propelled by the ever-increasing demand for chips that power artificial intelligence (AI). AMD’s stock surged over 1% during trading to achieve its highest-ever closing price of $162.67, while Nvidia experienced a similar boost of just under 2% to reach $571.07. Both companies have
The labor market is undergoing a noticeable shift with the rise of new-collar jobs, offering opportunities for highly skilled workers who do not possess a college degree. Coined by Ginni Rometty, former CEO of IBM, the term “new-collar jobs” refers to positions that demand advanced skills but not necessarily higher education. These roles often come
In a move to cater to the evolving needs of its customers, Microsoft has recently introduced new subscription options for its Copilot virtual assistant. With the rising demand for generative artificial intelligence (AI), Microsoft aims to position itself as the go-to company for AI-powered solutions. The addition of Copilot to its productivity apps and the
Elon Musk, the visionary CEO of Tesla and SpaceX, has recently expressed his desire for an increased voting control over his electric vehicle business. Already owning around 13% of Tesla, which translates to approximately 411 million shares, Musk’s stake in the company is substantial. However, he now aims for a 25% voting control, allowing him
Defense Secretary Lloyd Austin may be hospitalized, but that does not mean he is sitting idle. According to national security spokesperson John Kirby, Austin remains actively involved and engaged in his duties. Despite his hospitalization, Austin participated in discussions regarding strikes on Iran-allied Houthi militants in Yemen. Kirby emphasized that cabinet officials do not need