Recent comments from the U.K.’s technology minister, Peter Kyle, have shed light on the significant impact that Elon Musk has on public discourse. According to Kyle, Musk is “the one person who is accountable to no one” and has the ability to influence major world affairs, including the war between Russia and Ukraine. This has
The recent remarks made by Shinichi Uchida, the deputy governor of the Bank of Japan (BOJ), have shed light on the central bank’s stance on interest rate hikes amid market instability. Uchida’s comments, which diverged from the more hawkish tone set by Governor Kazuo Ueda in the previous week, have sparked discussions about the potential
Disney reported earnings that beat analyst expectations, driven by strong performance in its streaming unit. However, the stock was down about 1% in premarket trading. The company earned $1.39 per share on revenue of $23.16 billion, surpassing the forecasted profit of $1.19 per share on revenue of $23.07 billion. Despite the beat, investors seemed to
Disney has recently announced that it will be raising prices on its streaming platforms starting in mid-October. This decision will result in most plans for Disney+, Hulu, and ESPN+ costing $1 to $2 more per month. The most expensive plans for Hulu, especially those including live TV, will see a significant increase of $6 per
Brazil’s central bank has issued a clear warning that it will not hesitate to raise interest rates if necessary to bring inflation down to its target. The minutes from its July 30-31 policy meeting revealed that the monetary authority is calling for greater vigilance as inflation expectations continue to show de-anchoring. Policymakers have left the
Kenvue, the maker of Band-Aid bandages, saw its stock price rally by 14% after exceeding analyst expectations for its second quarter. The company, which recently spun off from Johnson & Johnson, reported adjusted earnings of 32 cents per share, surpassing the 28 cents per share predicted by FactSet. Additionally, Kenvue’s revenue came in at $4
James Mangold’s upcoming film, “A Complete Unknown,” offers a fresh perspective on Bob Dylan’s life and career. Starring Timothée Chalamet as the legendary musician, the movie tracks Dylan’s journey from a young artist in Minnesota to a pivotal figure in the West Village folk scene and beyond. The narrative delves into Dylan’s intimate relationships, his
The once prominent rooftop solar installer, SunPower, has hit rock bottom as it files for bankruptcy amidst a series of challenges. The company’s stock plummeted by a staggering 32% to a mere 55 cents per share, marking a decline of nearly 90% in the course of this year. This drastic turn of events highlights the
Japan’s SoftBank Group is expected to report a modest first-quarter profit, but investors are eagerly anticipating whether the tech investment giant will announce a significant share buyback or signal its willingness to do so. The company’s shares took a nosedive of almost 20% on Monday, reflecting the overall market turmoil and concerns surrounding the performance
In a surprising turn of events, John Schulman, co-founder of OpenAI, announced his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This move comes shortly after OpenAI disbanded its superalignment team, adding to the series of changes that have been sweeping through the organization in recent months. Schulman,