On Thursday, Warner Bros. Discovery reported its first-quarter results, which fell short of analyst expectations in both top and bottom line performance. Despite the strong showing in its streaming unit, the company’s stock managed to gain 3% on Thursday. The company faced challenges with a loss per share of 40 cents, compared to the 24
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The upcoming bout between Mike Tyson and Jake Paul, set to take place on July 20 at AT&T Stadium in Arlington, Texas, has generated significant buzz among boxing fans and bettors alike. With the fight being streamed globally on Netflix, fans are eagerly anticipating witnessing the former heavyweight champion Tyson, at 58 years old, take
British chip designer Arm experienced a more than 2% decline in its stock price on Thursday, following lackluster revenue guidance that overshadowed a positive sales quarter driven by the growing demand for artificial intelligence applications. While Arm reported a significant 47% year-over-year increase in fiscal fourth-quarter revenue, reaching $928 million, investors were less than impressed
A recent regulation by the Consumer Financial Protection Bureau aimed at reducing late fees on credit cards is facing significant opposition from the card industry. Led by the U.S. Chamber of Commerce, the industry has taken legal action to prevent the implementation of the new rule. This move has caused a legal battle that is
When considering a Roth individual retirement account conversion, experts emphasize the importance of timing. Roth conversions involve transferring pretax or nondeductible IRA funds to a Roth IRA, allowing for tax-free growth in the future. However, this also means incurring upfront taxes on the converted balance. The decision to convert a pretax balance depends on various
Spanish bank BBVA’s recent announcement of a hostile takeover bid for domestic rival Banco Sabadell has shocked the markets. This move, considered rare in the European banking sector, has raised eyebrows and triggered discussions within the financial community. Earlier in the week, BBVA’s initial 12 billion euro takeover offer to Sabadell’s board was rejected, with
President Joe Biden’s administration is facing a significant challenge as they aim to start forgiving the student loans of millions of Americans before the November presidential election. The proposal for debt relief was published in the Federal Register in April, inviting public comments on the initiative. It is noteworthy that the administration will need to
Siemens Energy experienced a significant surge in its shares, reportedly up to 13%, following the announcement of raised forecasts for the year and the departure of the CEO of its wind turbine unit. Jochen Eickholt will be stepping down from his position as CEO of Siemens Gamesa by mutual agreement on July 31, to be
Recent data on mortgage rates revealed a slight decline after weeks of steady increases. The average interest rate for 30-year fixed-rate mortgages dropped to 7.18% from 7.29%, leading to renewed interest in refinancing. This decrease was attributed to the news of a slowing job market, wage growth stagnation, and the Federal Reserve’s plan to ease
The recent decision by the Garrick Club in London to allow women to join its all-male institution for the first time in its nearly two-century history is a significant and long-overdue step. The exclusive club, which has been criticized for its patriarchal establishment, finally opened its doors to women with a vote that passed with