BOJ policy board member says Japan still needs easy monetary policy
Bank of Japan policy board member Seiji Adachi said that risks to Japan’s inflation were skewed to the upside but it was still too early to discuss monetary tightening. “It is appropriate to patiently continue monetary easing at this point,” Adachi said in a speech on Wednesday. He said Japan has yet to achieve a […]
Disney CEO Bob Iger says he wants to build again during town hall
Bob Iger, Disney, at Apple program Source: Apple Disney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he is looking forward to “building again” after spending 2023 mending parts of the business that “needed attention.” “I feel that we’ve just emerged from a period of a lot of fixing […]
Thanksgiving broadcasts post record ratings
Macy’s Thanksgiving Day Parade, 2023: Birds Of A Feather Stream Together – Peacock Float NBC | NBCUniversal | Getty Images Thanksgiving TV viewership gave media companies a lot to be grateful for this year. A range of events over the holiday broke ratings records. NBC drew an all-time record 28.5 million viewers this year during […]
Jabil’s stock tanks 12% after electronics maker sees demand soften
Shares of Jabil Inc. dropped more than 12% in the after-hours session Tuesday after the maker of electronics components and other materials lowered its quarterly and fiscal 2024 revenue outlook, saying demand for its products and services has softened. Jabil JBL said it expects fiscal 2024 revenue of about $31 billion, down 7% from the […]
Fox News founder Rupert Murdoch deposed in Smartmatic election lawsuit
Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images Rupert Murdoch is being deposed Tuesday as part of the $2.7 billion defamation lawsuit filed against […]
Nvidia pulls further away from other chip makers by this one measure
Each earnings season, as companies announce their results and provide guidance on what to expect, analysts update their estimates for revenue and earnings. Typically about 70% of reporting companies will beat estimates for sales or earnings per share when they report quarterly results, but this alone doesn’t mean very much. Companies and analysts who work […]
Treasury yields inch up ahead of more Fedspeak, 7-year note auction
Bond yields were a fraction firmer early Tuesday but remained near two-month lows amid signs the market is readily absorbing a rush of supply. What’s happening What’s driving markets The Treasury will auction $39 billion of 7-year notes at 1 p.m. On Monday a relatively disappointing $54 billion sale of two-year notes was followed… Master […]
Rivian R1T EV leasing launches in select markets
A Rivian electric pickup truck sits in a parking lot at a Rivian service center in South San Francisco, California, on May 9, 2022. Justin Sullivan | Getty Images Rivian on Monday started leasing select models of its all-electric R1T pickup truck, a move to expand sales and its customer base beyond early adopters of […]
Giving Tuesday: Nonprofits ‘cautiously optimistic’ after strong Black Friday
After Black Friday’s record-breaker for online sales, there’s hope that the holiday haul for nonprofits will also be generous on Giving Tuesday, and throughout the year-end charitable giving season. That would be a welcome development for charities that have been burned by inflation and experienced an overall drop in donations last year, experts say. It… […]
Disney ‘Wish’ disappoints at the Thanksgiving box office
Ariana DeBose stars as Asha in Disney’s new animated film “Wish.” Disney Disney needs to do more than wish on some stars to get out of its animation rut. Its latest animated feature “Wish,” billed as a celebration of 100 years of storytelling, fumbled at the box office during the Thanksgiving holiday weekend. It tallied […]
