Cheddar News sold by Altice USA to media company Archetype
The Cheddar News logo is seen on a smartphone and PC screen. Sopa Images | Lightrocket | Getty Images Cheddar News owner Altice USA announced Thursday it has sold the financial news streaming service to the media company Archetype, which is owned by private equity firm Regent LP. CNBC previously reported rumblings of a possible […]
U.S. stocks open higher, S&P 500 trades within a few points of record territory
U.S. stocks traded modestly higher Thursday, pushing the S&P 500 to within just a few points of a fresh record closing high. How are stocks trading The S&P 500 SPX gained 3 points, or 0.2%, to 4,784. The Dow Jones Industrial Average DJIA rose by 36 points, or 0.9%, to 37,687. The Nasdaq Composite COMP […]
Medicare drug price negotiations what’s ahead in 2024
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna Moneymaker | Getty Images U.S. patients and drugmakers will get a first glimpse of how much Medicare can negotiate down drug prices in 2024, setting the […]
Here’s a ‘solid contrarian idea’ for 2024, according to BTIG’s Krinsky
Some technical analysts with a bearish bent also recognize the runes look favorable for the S&P 500 following the latest surge. For example BTIG’s Jonathan Krinsky says the benchmark index may challenge 5,000 early n 2024. But let’s not get carried away. Krinsky adds he doesn’t see another big upside move much beyond that level […]
Shares of semiconductor startup BaTeLab fall in Hong Kong trading debut
BaTeLab’s shares fell in their trading debut in Hong Kong, sliding below their initial offering price in a lackluster start for the Chinese semiconductor company backed by electric-vehicle giant BYD HK:1211. Shares of the Chinese integrated-circuit provider declined as much as 14% early on Thursday before paring losses. It was last down 2.8% at HK$26.70. […]
Amazon’s Prime Video to start showing ads on Jan. 29
Subscribers of Amazon’s Prime Video have one more month before they start seeing commercials — or have to pay more to avoid them. In an email to subscribers this week, Amazon AMZN, -0.05% said “limited advertisements” will air with movies and TV shows on Prime Video starting Jan. 29. “This will allow us to continue […]
Yield spreads tighten on ‘Magnificent Seven’ corporate bonds
An earlier version of this article included an incorrect reference to yields narrowing on corporate bonds. Corporate-bond investors have been net sellers of five out of the seven so-called Magnificent Seven components of the S&P 500 SPX, according to market data in recent days. Meanwhile, the spreads on yields have tightened between bonds for the […]
Barbie, Oppenheimer, Taylor Swift: 2023’s most important films
Movie posters for “Barbie” and “Oppenheimer” are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, 2023. Hannah Beier | The Washington Post | Getty Images Call 2023 an explosive comeback at the box office. There were blonde bombshells, in “Barbie,” actual bombs, in “Oppenheimer,” and small-budget blockbusters — each of them […]
New York Times’s stock rises as company files copyright-infringement suit against Microsoft and OpenAI
New York Times shares rose on Wednesday after the media company filed a federal copyright lawsuit against Microsoft Corp. and ChatGPT creator OpenAI in a legal action expected to shape the debate over generative-artificial-intelligence technologies. New York Times shares NYT, +2.43% rose 1%, while Microsoft’s stock MSFT, -0.40% fell by 0.2%. In a suit that […]
The 2024 Ford Escape and Escape PHEV review: Pricing, specs and more
The 2024 Ford F, +0.81% Escape is a practical compact SUV with a spacious interior, efficient hybrid options, and the latest tech features. Pricing starts at $29,345. The Ford Escape has a long history as a trusted SUV. The Escape has the virtues you’d expect from a modern compact SUV, like a roomy interior and good […]
