The recent merger between Walt Disney and Indian conglomerate Reliance has sparked excitement in the media industry, particularly concerning the valuable cricket streaming rights in the Indian market. With the creation of a new joint venture between their respective Star India and Viacom18 units, estimated at around $8.5 billion, the partnership aims to attract more
The electric car industry is booming, leading to a fierce competition among companies vying for dominance in the market for in-vehicle technology. One such contender is Ecarx, founded by Eric Li of the Chinese car conglomerate Geely in 2017. Ecarx specializes in providing software and chip systems for digital car cockpits and driver-assist functionalities. The
Snowflake, the cloud software company, made headlines on Wednesday with the announcement of the retirement of billionaire CEO Frank Slootman. Slootman, who joined the company in 2019 and led it through an incredibly successful IPO in 2020, will be stepping down and making way for Sridhar Ramaswamy, the former Google ad chief, to take over
Salesforce shares took a hit initially, sliding as much as 6% after the business software maker issued a light revenue forecast for the new fiscal year. However, the shares managed to rebound and ended up rising 1% in extended trading. This fluctuation showcases the uncertainty and volatility in the market in response to Salesforce’s forecast.
Paramount Global surprised investors with a quarterly profit, despite missing revenue expectations for the fourth quarter. The company reported earnings per share of 4 cents, beating Wall Street’s projected loss of 1 cent. However, revenue came in at $7.64 billion, falling short of the expected $7.85 billion. This mixed performance reflects the challenges faced by
In the event of a widespread service outage from a major cellular provider like AT&T, affected customers are often left frustrated and inconvenienced. While companies like AT&T may offer credits to customers impacted by outages, it is crucial for consumers to proactively seek reimbursement rather than wait for it to be automatically applied to their
First Solar has recently reported another strong quarter, with net income seeing a 30% year-over-year increase to $349.2 million. The company’s earnings per share of $3.25 exceeded estimates, while revenue slightly missed consensus forecasts. Despite this, the stock jumped as much as 9% on the back of this solid performance. It is currently up about
China recently announced new measures to strengthen national security by broadening the scope of state secrets to include a category known as “work secrets.” These updated regulations, signed by President Xi Jinping, are set to take effect on May 1. The definition of work secrets encompasses information that could have a negative impact if leaked,
The stocks of Hong Kong developers saw an increase after Financial Secretary Paul Chan decided to eliminate property cooling measures in a move to strengthen the sector. This decision comes as the industry has been facing challenges due to high borrowing costs and weak economic sentiment. The Hang Seng Property index surged 2.4% after the
Recent studies have shown that ultra-high-net-worth individuals in America are prioritizing a better lifestyle and strong investment opportunities when it comes to their next real estate purchase. These individuals, worth $30 million or more, are looking to buy residential properties this year. The average ultra-high-net-worth individual already owns four homes, with one-quarter of their residential