Warner Bros. Discovery has filed suit against Amazon, accusing it of illegally poaching employees, including Pia Barlow, former senior VP for originals marketing. In the complaint, Warner says that “Amazon has chosen to ride on the coattails of other well-established Hollywood mainstays,” and that it engaged in a “lawless employee shopping spree.” Deadline reports that […]
Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by “a percentage in the double digits,” Bloomberg reports. The price hikes will go into effect starting with products shipped after September 1st. Qualcomm claims it has “exhausted its ability to absorb higher costs from suppliers,” as ongoing component shortages […]
Index funds are touted as one of the safest ways to invest. Rather than picking and choosing individual stocks, index funds let you bet on the market as a whole. So what happens when a company like SpaceX – a giant gamble, and, in my opinion, terribly overpriced – is fast-tracked into the Nasdaq-100? Does […]
A judge partially granted the request from a dozen state attorneys general to temporarily place the $110 billion merger of Paramount and Warner Bros. Discovery on hold, as reported by Variety and Reuters. US District Judge Araceli Martínez-Olguín said that based on the new company’s market share, “the Court is persuaded that it can presume […]
Trump Media, the company behind Truth Social, is selling Wall Street faster access to the “most market-moving” posts on the US President’s social media platform. On Thursday, Trump Media announced plans to launch “Truth API,” a licensed real time data feed for businesses that provides “the fastest access to Truth Social’s most influential accounts.” It […]
Netflix says roughly 300 titles on its platform used generative AI, most of which occurred in post-production. The streaming service revealed the news in its second-quarter earnings report released on Thursday, saying it’s “increasingly leveraging these tools to deliver higher quality output more quickly and at a lower cost.” It also provided some examples of […]
Kalshi users betting on what President Donald Trump would say during his speeches were reportedly up against tough competition: the president’s teleprompter operator. ABC News reports that federal investigators believe Gabriel Perez – Trump’s teleprompter operator since 2016 – used inside information to make bets on Kalshi, a major prediction market platform that allows users […]
Lucid Motors found itself in a tough bind this week, fending off bankruptcy rumors and watching its stock price plunge as a result. The company quickly denied the report, calling it “completely false” and pointing to its available free cash flow as evidence that it has enough runway to operate into next year. But despite […]
Oregon Attorney General Dan Rayfield had been seeking documents from Paramount related to its takeover of Warner Bros. Discovery. Rayfield also asked a state circuit court judge to delay the closing of the deal by 60 days so that his office could review the documents. But according to Deadline and Variety, he’s now dropped his […]
As the AI boom boosts demand for RAM, SK Hynix – one of the world’s biggest suppliers of memory chips – launched on Wall Street Friday. The South Korean chipmaker opened at $170 per share and raised $26.5 billion, surpassing Alibaba’s record as the largest debut of a foreign company, according to reports from Associated […]