Wall Street’s main indexes opened higher on Wednesday as strong results from Microsoft and positive cash-flow forecast from Boeing offset concerns over rising interest rates and their effect on the U.S. economy. The Dow Jones Industrial Average rose 65.51 points, or 0.20 percent, at the open to 33,596.34. The S&P 500 opened higher by 16.15…
Wall Street Opens Higher on Upbeat Microsoft, Boeing Results
April 26, 2023
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Stock Market Today: US Futures Subdued as Earnings Arrive
April 26, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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Wall Street was slow to gain traction in premarket trading ahead of another full slate of corporate earnings and more economic data later in the week. Futures for the Dow ticked down less than 0.1 percent and the S&P 500 was essentially unchanged before the bell Wednesday. Shares of Activision Blizzard tumbled more than 11…
Fox Stock Down $600 Million Since Tucker Carlson Exit
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
Fox Takes a Huge Hit Following Tucker Carlson’s Departure
Fox Corporation’s stock plunged by more than 5 percent on Monday after Fox News host Tucker Carlson’s surprise exit was announced, initially wiping out nearly $1 billion from its market value. Combining its Class A and B shares, the company saw $900 million wiped off its market value and by late afternoon trading, its Class B shares…
EU Singles Out 19 Tech Giants for Online Content Rules
BRUSSELS—Five Alphabet subsidiaries, two Meta Platforms units, two Microsoft businesses, Twitter, and Alibaba’s AliExpress are among 19 companies subject to landmark EU online content rules, EU industry chief Thierry Breton said on Tuesday. The rules known as the Digital Services Act (DSA) require the companies to do risk management, conduct external and independent auditing, share…
Tucker Carlson’s Speech After Final Fox News Show Goes Viral
In the wake of Tucker Carlson’s departure from Fox News, a speech that he gave after his final show aired drew attention on social media. During the Heritage Foundation’s 50th-anniversary celebration on Saturday, Carlson gave a speech about society-wide moral decay. During the speech, the former Fox News host did not indicate he would be departing…
FiveThirtyEight Founder Nate Silver ‘Leaving’ ABC News
Pollster Nate Silver’s data-driven politics and journalism brand FiveThirtyEight will be impacted by Disney’s new wave of layoffs, he wrote on Tuesday. Silver wrote in a tweet, “Disney layoffs have substantially impacted FiveThirtyEight. I am sad and disappointed to a degree that’s kind of hard to express right now.” Silver suggested in a Twitter post…
Elon Musk Suggests Twitter as New Platform for Tucker Carlson After Fox News Departure
Billionaire entrepreneur Elon Musk suggested Twitter could be a platform where Tucker Carlson could prosper after the Fox News primetime host departed the network on Monday. Carlson had been a fixture at Fox News since 2009, and had hosted his own primetime “Tucker Carlson Tonight” show from November 2016 until his final installment last Friday….
Trump Responds to Tucker Carlson’s Sudden Exit From Fox: ‘I’m Surprised’
Former President Donald Trump said he was “surprised” in his first reaction to this week’s sudden departure of Tucker Carlson from Fox News, praising the now-former popular prime-time host as a “very talented” man. “I’m shocked. I’m surprised,” Trump said in an interview with Newsmax on Monday. “He’s a very good person, a very good…
UK Targets Subscription Traps and Fake Online Reviews With New Law
April 25, 2023
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Business & MarketsCompanieseconomic policiesKevin HollinrakeMedia & Big TechsubscriptionTechTech NewsUKWorld
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Digital platforms could be hit with huge fines for failing to protect consumers from subscription traps and online scams, a new UK regulator has said. The Digital Markets Unit (DMU) will be given new powers to ensure that online customers and businesses are not unfairly disadvantaged by the biggest players. Firms deemed to have “strategic…
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