In a remarkable display of viewer engagement, Christmas Day 2023 became a landmark moment for sports broadcasting, particularly for streaming platforms. Netflix, in collaboration with the NFL, achieved unprecedented success, drawing in nearly 65 million viewers for two exclusive football matches. This surge in audience figures not only highlights the growing influence of streaming services
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In a remarkable turn of events, Snowflake Inc. announced a 19% uptick in its stock during post-market trading on Wednesday, following the release of its fiscal third-quarter earnings. The company reported adjusted earnings per share (EPS) of 20 cents, surpassing the anticipatory benchmark of 15 cents set by analysts from LSEG. Revenue figures also exceeded
In November, consumers in the United States experienced a slight uptick in inflation, signaling a mixed bag of economic indicators. The Consumer Price Index (CPI), a key measure used to gauge inflation, rose by 2.7% compared to the same period in 2022, up from 2.6% in October. This increase was primarily driven by price hikes
The holiday season brings a peculiar tradition within the media industry: a set of predictions for the coming year articulated by anonymous executives who prefer to maintain their confidentiality. As we celebrate this season of cheer, executives from various segments of the entertainment landscape have stepped forward to offer an insightful glimpse into what they
Oracle Corporation faced a notable setback in its stock performance following its report for the fiscal second quarter, which concluded in November. Shares plunged by 7% in after-hours trading on Monday, disappointing investors who had expected more robust numbers. The company’s earnings per share of $1.47 fell slightly short of the anticipated $1.48, while revenue
In June 2023, Jason Wilk, the CEO of the digital banking service Dave, faced what could only be described as a tumultuous period in his career. The company’s stock had plummeted below $5, a significant drop from being valued at $5 billion just a year prior. At a micro-cap stocks conference in Los Angeles, Wilk
In a significant move, the Consumer Financial Protection Bureau (CFPB) has initiated legal proceedings against the operator of the Zelle payment network along with three major U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo. This lawsuit stems from serious allegations that these financial institutions failed to adequately address fraud complaints linked to transactions processed
In 2023, a contentious transfer of student loan accounts from NelNet to Mohela highlighted significant flaws in the management of loan servicers, resulting in widespread inaccuracies in consumer credit reports. Lawmakers recently brought these issues to light, detailing how millions of borrowers were affected by the fallout of this transition. The implications for credit scoring
In an unexpected strategic pivot, TuSimple, the Chinese autonomous trucking enterprise, has announced its rebranding as CreateAI. This shift follows the challenging realities facing the self-driving sector, which has witnessed a significant retrenchment in recent months. The transition signals a move away from its original focus on autonomous vehicles towards new opportunities in the realms
In the ever-evolving financial landscape, investors frequently adjust their portfolios to seize opportunities as they arise. The latest trades executed by Jim Cramer’s Charitable Trust serve as an insightful case study on how to navigate market fluctuations. Recently, the Trust has acquired 25 shares of Home Depot at approximately $407 each and 15 shares of