Walt Disney reported a 26% jump in revenue and more new customers than expected to its streaming service Wednesday, but it lowered the bar for anticipated future growth at its Disney+ streaming service. Chief Financial Officer Christine McCarthy on the company’s call with analysts ratcheted down its forecast for Disney+, saying it now expects to … Read more
Walmart Inc. is looking to add a large video streaming service to its Walmart+ membership program as the retailer amps up its competition with Amazon.com Inc., according to people familiar with the situation. Walmart WMT, +0.99% executives have held talks in recent weeks to discuss a streaming deal with executives at Walt Disney Co. HAZE, … Read more
Shares of Thomson Reuters Corp. THREE, -0.73% slipped 0.73% to C$147.51 Friday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.22% rising 0.22% to 19,620.13. Thomson Reuters Corp. closed C$9.11 short of its 52-week high (C$156.62), which the company reached on November … Read more
Shares of Netflix Inc. nflx, +1.40% rose 1.40% to $229.91 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.08% falling 0.08% to 4,151.94 and Dow Jones Industrial Average DJIA, -0.26% falling 0.26% to 32,726.82. This was the stock’s second consecutive day of … Read more
Shares of Netflix Inc. nflx, +0.58% inched 0.58% higher to $226.21 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.28% falling 0.28% to 4,118.63 and Dow Jones Industrial Average DJIA, -0.14% falling 0.14% to 32,798.40. The stock’s rise snapped a two-day losing … Read more
Google parent Alphabet is expected to report the slowest quarterly sales growth in two years, as macroeconomic pressures weigh on the market for digital ads. The company, which has a dominant share in the markets for internet search, navigation and video streaming, is considered a bellwether for the strength of online advertising. Any slowdown, on … Read more
Shares of Netflix Inc. NFLX, + 3.44% rallied 3.44% to $ 223.88 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, + 0.99% rising 0.99% to 3,998.95 and the Dow Jones Industrial Average DJIA, + 0.51% rising 0.51% to 32,036.90. This was the … Read more
An overheated market for cybersecurity products means vendors must ensure their products work better with each other if they want new business, cyber executives say. Research from the Information Systems Security Association published Tuesday with TechTarget Inc.’s analyst unit, Enterprise Strategy Group, found that more than three-quarters of 280 security professionals surveyed want to see … Read more
Meta Platforms Inc.’s Facebook is reallocating resources from its Facebook News tab and newsletter platform Bulletin, as the company focuses more on the creator economy, senior executive Campbell Brown told employees in a memo. Ms. Brown, a former journalist who leads Facebook’s global media partnerships, said the company would shift engineering and product support away … Read more
US stock indexes rose Tuesday as investors reviewed a fresh batch of earnings for insight into the state of the economy. The S&P 500 added 1%. The tech-focused Nasdaq Composite gained 1.2% and the Dow Jones Industrial Average rose 0.7%. US stocks slipped Monday.