Comcast is exploring separation of cable networks business
Comcast is exploring a separation of its cable networks business, President Mike Cavanagh said Thursday. During the company’s third-quarter earnings call with investors, Cavanagh said the company is exploring creating “a new, well-capitalized company owned by our shareholders and comprised of our strong portfolio of cable networks.” The possible separation would not include broadcast network […]
Norwegian Cruise Line seeing strong demand, as consumers show ‘health and confidence’
Norwegian Cruise Line’s stock rallies toward a three-year high after an “impressive” quarterly performance and amid continued “robust” demand.
Peloton announces Ford exec Peter Stern as its next CEO
Peter Stern, CEO of Peloton Interactive. Courtesy: Peloton Interactive Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and president. Stern, the president of Ford Integrated Services, primarily oversees the automotive company’s subscription services, such as BlueCruise, Pro Intelligence, connectivity and […]
Why Apple shareholders may want the Tim Cook era to come to a close
Does Apple’s current leadership possess the necessary vision and agility to manage a challenging AI future?
Carvana (CVNA) Q3 2024 earnings
A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs. 25 […]
Starbucks (SBUX) Q4 2024 earnings
Brian Niccol speaking on CNBC’s “Squawk Box” on Oct. 30, 2018. Anjali Sundaram | CNBC Starbucks on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as sales in the U.S. and China, its two biggest markets, disappointed. The company previously released a preliminary report of its quarterly results on Oct. 22 and announced […]
With Reality Labs, Meta risks heading down slippery slope of overspending again
Zuckerberg said that he is going to keep building out Meta’s infrastructure and data centers, because the opportunity is so huge, even if investors don’t like it.
Starbucks will stop charging extra for dairy alternatives
Starbucks offers oat milk as a dairy-free option. Source: Starbucks Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from customers to eliminate the extra fee, especially as milk alternatives […]
‘DJT’ shares see sharpest decline in nearly 7 months with election days away
Shares of Trump Media & Technology Group fell more than 22% Wednesday.
Why sales of Eli Lilly’s Zepbound and Mounjaro fell short
Eli Lilly’s blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro posted weaker-than-expected sales for the third quarter, even as supply of both medicines have largely recovered from widespread shortages in the U.S. The reason, according to the company, is not an issue of demand or supply. Eli Lilly instead blamed disappointing sales on drug […]
