Business

In this article DIS CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Disney CEO Bob Iger’s apparent openness to selling Hulu marks a stark reversal in strategy for the company — and an even more surprising shift if Iger sells the streaming service to Comcast. Iger said Thursday in an exclusive CNBC interview with David Faber

SpaceX test fires engines in the towering rocket booster of its Starship prototype on February 9, 2023. Source: SpaceX SpaceX on Thursday test fired 31 of the 33 engines in the towering rocket booster of its Starship prototype, as the company prepares to launch the rocket to orbit for the first time. Called a “static

In this article CMCSA DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu. Disney owns two thirds of the streaming service, which focuses on more adult-oriented general entertainment content such as the series “Only Murders in the Building” and the sci

In this article GFS GM Follow your favorite stocksCREATE FREE ACCOUNT The global chip shortage will continue, and consumers will have to pay for it, an analyst from the International Data Corporation said. Sasirin Pamai | Istock | Getty Images General Motors has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of

In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American division according to a news report from The Wall Street Journal.

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three divisions: Disney Entertainment, which includes most of its streaming and media

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images LOS ANGELES – While shareholders will still be keyed in to see how many subscribers Disney’s suite

A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest increase in wholesale values since late 2021, according to new data Tuesday from Cox Automotive. The automotive data firm’s Manheim Used Vehicle Value Index

In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least for now.  The beleaguered home goods

In this article NFLX AAPL Follow your favorite stocksCREATE FREE ACCOUNT Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images One of Amazon‘s key air cargo operators said Monday that the e-commerce giant is scaling back on flights this

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Avatar: The Way of Water Courtesy: Disney Co.  As Disney and James Cameron’s “Avatar: The Way of Water” climbs its way up the box office ladder — as of Monday, it was just shy of becoming the third-highest grossing film of all time — movie

In this article BBIG Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, celebrity gossip dominates the cover of a National Enquirer magazine on April 11, 2019 in Chicago, Illinois. Scott Olson | Getty Images The National Enquirer, the tabloid at the center of several scandals involving former President Donald Trump, will be sold

In this article RIVN F Follow your favorite stocksCREATE FREE ACCOUNT RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most of its ownership stake last year in electric vehicle maker Rivian Automotive, according to

When Kevin Kim dropped out of college at 21 to become an entrepreneur, it seemed like a huge gamble.  “My mum cried a little,” Kim, now 33, said with a laugh.  But his confidence was not unfounded. Kim had just sold his first company — which he started when he was just 18 — for

In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT United Parcel Service (UPS) driver pushes a dolly of packages towards a delivery van on a street in New York. Victor J. Blue | Bloomberg | Getty Images With United Parcel Service’s labor negotiations approaching, CEO Carol Tomé sounded confident on this week’s fourth-quarter earnings

The exterior of “The Wormhole” factory. Relativity Space LONG BEACH, California – It was a few days into the new year yet Relativity Space’s factory was anything but quiet, a din of activity with massive 3D printers humming and the clanging of construction ringing out. Now about eight years on from its founding, Relativity continues

In this article LYV Follow your favorite stocksCREATE FREE ACCOUNT Robyn Beck | Afp | Getty Images Ticketmaster is gearing up for what’s expected to be high demand for tickets to Beyoncé’s upcoming “Renaissance World Tour,” as the ticketing giant continues to face criticism over the botched presale for Taylor Swift’s “Eras” tour last year.

In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in

In this article WWE Follow your favorite stocksCREATE FREE ACCOUNT World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan. Shares of the company closed more than 5% higher Friday. McMahon’s potential future involvement in WWE has become an