Economy

Warner Bros. Discovery Sues NBA Over Media Rights Dispute With Amazon

Warner Bros. Discovery Sues NBA Over Media Rights Dispute With Amazon

Related media - Breaking news Warner Bros. Discovery has filed a lawsuit against the NBA to secure the rights to broadcast a package of live games, challenging the league’s decision to award those rights to Amazon. “Due to the NBA’s unjustified rejection of our game against a third-party offer, we have initiated legal proceedings to enforce our rights,” said TNT Sports, a unit of Warner Bros. Discovery. “We firmly believe this is not only our contractual right, but also the best service for fans who prefer our flexible and widely accessible platforms, including TNT and Max.” The media company seeks…
Read More
After Hours Market Movers: Dexcom, Coursera, Deckers Outdoor and More

After Hours Market Movers: Dexcom, Coursera, Deckers Outdoor and More

Related media - News 24 hours Here are some stocks that saw significant moves in after-hours trading: Dexcom Dexcom shares jumped after their quarterly earnings report beat Wall Street expectations. The company, known for its continuous glucose monitoring systems, reported stronger-than-expected revenue growth, fueling investor optimism and sending the stock up 7%. Lane Online learning platform Coursera saw its shares rise 5% after reporting better-than-expected revenue and user growth. The company cited increased enrollment and partnerships with educational institutions as key factors contributing to its positive performance. Deckers outdoors Deckers Outdoor, the parent company of popular brands like UGG and…
Read More
Chipotle Beats Earnings and Revenue Expectations, Sees Restaurant Traffic Increase

Chipotle Beats Earnings and Revenue Expectations, Sees Restaurant Traffic Increase

More news - Recent news Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, as traffic to its restaurants increased despite the industry downturn. The company’s shares rose about 13% in extended trading before giving up most of those gains and settling about 3% higher. As of Wednesday’s close, Chipotle shares had fallen 17% this month, hit by investor concerns about the health of the restaurant industry. In late June, the company executed a 50-for-1 stock split. Quarterly Results For the quarter ended June 30, Chipotle reported: Earning per share: 34 cents adjusted vs. 32…
Read More
Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook

Tune In: Fed Chair Jerome Powell Discusses Interest Rate Policy and Economic Outlook

Related media - Latest news Federal Reserve Chairman Jerome Powell will speak at the Economic Club of Washington, D.C., on Monday, providing insights into the central bank's interest rate policy and the broader economic landscape. Powell will engage in a discussion with David Rubenstein, president of the Economic Club and co-founder of The Carlyle Group. The move marks Powell’s first public comments since Thursday’s Consumer Price Index (CPI) report, which showed monthly prices for June falling. During his two-day testimony on Capitol Hill last week, Powell said the Federal Reserve now sees the risks of rising inflation and a slowing…
Read More
Tesla’s Decline in U.S. Electric Vehicle Market Dominance

Tesla’s Decline in U.S. Electric Vehicle Market Dominance

More news - Recent news Tesla’s U.S. electric vehicle market share fell below 50% for the first time in the second quarter of the year, according to recent estimates from research firm Cox Automotive. Tesla’s share fell to 49.7% from 59.3% in the same period last year. The decline is notable as battery-powered vehicle sales have hit record highs during the same time frame. From April to June, Tesla faced increasing competition from General Motors, Ford, Hyundai, and Kia. Cox Automotive estimates, based on filings, company reports, and other data, highlight this shift. The latest quarter marks a significant milestone,…
Read More