Author: franperez66q@protonmail.com
An American flag flies at Warner Bros. Studio in Burbank, California, on Sept. 12, 2025.Mario Tama | Getty ImagesWarner Bros. Discovery on Wednesday reported a staggering net loss for the first quarter, but it has an explanation. The company booked a net loss of $2.9 billion, far larger than the net loss of $453 million it reported in the year-earlier quarter. The figure included $1.3 billion of “pre-tax acquisition-related amortization of intangibles, content fair value step-up and restructuring expenses” as well as the $2.8 billion termination fee that Warner Bros. Discovery owed Netflix after their pending transaction fell through in…
Apple settles lawsuit over late Siri AI features for $250 million Source link
Avishek Das | Lightrocket | Getty ImagesDoorDash reported mixed first-quarter results after the bell on Wednesday as it pours more money into new technology and features. Shares popped 8% following the report.Here’s how the company did versus LSEG estimates:Earnings per share: 42 cents vs. 36 cents expectedRevenue: $4.04 billion vs. $4.14 billion expectedRevenue rose 33% from $3.03 billion a year ago, while total orders jumped 27% to $933 million, but came up short of the $954 million estimate from analysts.Net income during the period declined to $184 million, or 42 cents per share, from $193 million, or 44 cents per…
A technician prepares to refuel a Delta Airlines aircraft at the Austin-Bergrstrom International Airport on April 10, 2026 in Austin, Texas. Brandon Bell | Getty ImagesU.S. airlines spent 56.4% more on jet fuel in March, the month after the U.S.-Israel strikes on Iran began, than they did in February, U.S. government data released Wednesday shows. U.S. carriers spent $5.06 billion on fuel in March, up from $3.23 billion in February. It was 30% more than what they paid in March 2025, according to the Department of Transportation.Airlines have lowered or scrapped their 2026 forecasts altogether because of the spike in…
Wix.com stock options signal 7.5% move on May 13 earnings Source link
SpaceX’s plan to go public will reportedly give CEO Elon Musk “virtually unchecked executive authority” and limit the rights of shareholders to sue the company. The plan, reported by Reuters today, could prevent shareholder lawsuits like the one that held up a lucrative Musk pay package at Tesla. “Excerpts of SpaceX’s IPO registration statement reviewed by Reuters show the company is combining supervoting shares, mandatory arbitration, stricter rules on shareholder proposals and Texas corporate law to give Musk and other insiders broad control,” Reuters wrote. “At the same time, it sharply limits investors’ ability to challenge management, sue in court…
U.S. Secretary of State Marco Rubio speaks during a press conference in the Brady Press Briefing Room at the White House on May 5, 2026 in Washington, DC. Anna Moneymaker | Getty ImagesAs he heads to a critical meeting to smooth tensions with Pope Leo XIV at the Vatican on Thursday, Secretary of State Marco Rubio is riding a hot streak.He may not have had a response handy when asked his DJ name, but Rubio was otherwise calm, cool and collected during a White House press briefing stand-in appearance on Tuesday that led to #Rubio2028 trending on X.It was a…
Stay informed with free updatesSimply sign up to the Aerospace & Defence myFT Digest — delivered directly to your inbox.Private jets can keep flying into an RAF base in the south-east of England, after a court declined to allow a legal challenge by three rival airports over safety concerns. Oxford, Farnborough and Biggin Hill brought the case against the UK aviation regulator to force it to suspend or restrict commercial operations from RAF Northolt in west London.But a High Court judge on Wednesday dismissed their claim, allowing the military base to remain open for the elites and executives who value…
Amy Howe, chief executive officer of FanDuel Inc., at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Tuesday, April 14, 2026.Aaron Schwartz | Bloomberg | Getty ImagesFanDuel CEO Amy Howe has been ousted from that post after five years at the company, people familiar with the matter told CNBC.Christian Genetski, FanDuel president, will step in to lead the company, according to the people, who asked not to be named in order to speak about internal matters.Howe, head of the nation’s leading sportsbook, has shepherded the sports betting…
Samsung says to discontinue China sales of some consumer electronics products Source link