The revival of the Teenage Mutant Ninja Turtles franchise by Paramount Pictures in the form of “Mutant Mayhem” proved to be a highly profitable decision. When Paramount Pictures CEO Brian Robbins sought to bring back the iconic Nickelodeon-owned property, he opted for an animated film after receiving advice from Playmates executives. The involvement of Seth
Apple’s shares saw a 2% increase ahead of its second-quarter results announcement. This could possibly indicate optimism surrounding the upcoming performance of the tech giant’s products and services. On the other hand, Peloton experienced a 13% drop in its shares after announcing significant changes within the company. The departure of CEO Barry McCarthy and the
Wayfair, the online furniture retailer, recently announced its first-quarter results, showcasing a reduction in losses despite a decrease in sales. The company managed to beat Wall Street’s expectations on both revenue and earnings per share, with a loss of 32 cents adjusted compared to an expected loss of 44 cents. Revenue for the quarter stood
The stock prices of Apple Inc’s Asian suppliers took a hit on Thursday as concerns over a decline in iPhone sales loomed large. Companies like Taiwan’s TSMC and Hon Hai Precision Industry saw their stocks drop by 1.5% and 1.9% respectively. Meanwhile, AAC Technologies in Hong Kong, which supplies audio equipment to Apple, experienced a
The sudden surge of the yen against the dollar in overnight trading caught many traders and analysts off guard. The dollar’s sharp move from around 157.55 to exactly 153 over a period of about 30 minutes was attributed to intervention by Japanese authorities. This intervention, which occurred during a quiet period for markets after Wall
Google recently underwent a reorganization within its “Core” teams, resulting in the layoff of at least 200 employees. The Core unit is responsible for building the technical foundation of the company’s flagship products and ensuring user safety online. The restructuring included moving some roles to India and Mexico, with key technical units like information technology,
The Federal Reserve’s recent decision to maintain interest rates at their current levels demonstrates the institution’s ongoing commitment to curbing inflation. Despite mounting pressure to cut rates, the Federal Reserve opted to hold steady, emphasizing the importance of achieving sustainable price stability. The Federal Reserve’s decision to keep the benchmark short-term borrowing rate within a
Johnson & Johnson recently announced a $6.5 billion settlement plan to put an end to thousands of lawsuits in the U.S. claiming that their talc-based products led to ovarian cancer among consumers. This legal battle has taken a toll on the financial and public image of J&J for decades, despite the company’s insistence that their
Japan’s recent intervention in the currency market by buying yen may not have caused significant ripples in the U.S. bond market yet. However, experts warn that if Tokyo continues to engage in a prolonged battle to prevent the exchange rate from further depreciation, it could lead to a disturbance in the bond market. Central banks
Microsoft recently announced a groundbreaking deal with Brookfield Asset Management to invest over $10 billion in renewable energy capacity. This partnership aims to meet the growing demands for artificial intelligence and data centers while promoting sustainability and reducing carbon emissions. Under this agreement, Brookfield will provide Microsoft with 10.5 gigawatts of renewable energy between 2026