Walt Disney Co missed Wall Street earnings forecasts on Tuesday as the entertainment giant racked up more losses from its push into streaming video, sending its shares tumbling 9 percent. The company gained more streaming customers than analysts had expected from July through September, but media investors have increasingly focused on profits over streaming subscription […]
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The legacy way of running a business has stalled many business leaders. But innovation is knocking on the door, and you have to answer. Being stuck in the past can damage your business and leave you in the dust of outdated ways. In contrast, innovators are basking in the greatness of tomorrow. Decentralized tech is […]
As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker. A Tesla shareholder is seeking to rescind Musk’s 2018 pay deal, claiming the board set […]
The dollar steadied during Asia trade on Tuesday after some of the momentum ebbed out of bets on China’s reopening, and as traders looked ahead to U.S. midterm elections. The yuan had its best day in two years on Friday, and has held most of those gains since, but gave back a little bit through […]
It’s no joke. Elon Musk’s acquisition of Twitter has put fresh wind in the sails of dogecoin, the meme cryptocurrency he catapulted to fame. Dogecoin’s price doubled after the Tesla tycoon completed the $44 billion deal. It was trading at about $0.07 on Oct. 27 before Musk tweeted “the bird is freed” to announce his […]
As the retail industry gets more competitive, it is getting harder for brands and retailers to maintain customer loyalty, but adoption of certain technological trends may hold the key to retaining customers, improving brand loyalty and increasing sales. If a store does not match a customer’s expectations for pricing, product, or experience, the consumer will […]
Renault and Google said on Tuesday that they are expanding their partnership in software services for future Renault vehicles, adding that Google will become the preferred cloud supplier to the French automaker. The partnership with Google will also help Renault accelerate its “end-to-end digital transformation, from the design of the car to its market launch […]
Apple is one of the biggest names in the tech industry. It is a known fact that even though the brand is US based, the production is heavily based in China. This is a general practice among big tech names. The labor cost in China is cheaper, and most materials are available there. It makes […]
Global shares rose on Friday and the U.S. dollar fell, after jobs data came in stronger than expected but also hinted at some slack in the tight American labor market, raising hopes the Federal Reserve might ease up on monetary tightening. Data from the U.S. Bureau of Labor Statistics showed the economy generated 261,000 jobs […]
Meta Platforms Inc is planning to begin large-scale layoffs this week that will affect thousands of employees, the Wall Street Journal reported on Sunday citing people familiar with the matter, with an announcement planned as early as Wednesday. Meta declined to comment on the WSJ report. Facebook parent Meta in October forecasted a weak holiday […]