Text size Uncredited U.S. stock and bond markets will be closed Monday for Memorial Day. A handful of major companies report later this week, with the economic-data highlight being jobs Friday. HP and...
Tag: Entertainment
Netflix Has a Big Problem. Here’s the Math That Might Fix It
Illustration by Elias Stein Text size Netflix shares are off 70% this year, due in large part to the streaming-video company’s disastrous first-quarter earnings. Among other things, Netflix lost 200,0...
Tracy McGrady bets millions on 1-on-1 basketball start-up OBL
Tracy McGrady Source: Ones Basketball League This time, Tracy McGrady is trusting his ideas. The basketball Hall of Famer has funded real estate projects, he’s backed a sports and entertainment ...
Justin Timberlake sells song catalog for $100M to fund backed by Blackstone
Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at U.S. Bank Stadium on February 4, 2018 in Minneapolis, Minnesota. Christopher Polk | Getty Images Bu...
Maverick’ could be Tom Cruise’s first $100 million opening weekend
Tom Cruise in “Top Gun: Maverick” Source: Paramount This weekend Tom Cruise has a chance to do something he’s never done before — open a film to more than $100 million at the domesti...
Judge blocks auction of ‘Wizard of Oz’ dress by Catholic University
A blue and white checked gingham dress, worn by Judy Garland in the “Wizard of Oz,” hangs on display, Monday, April 25, 2022, at Bonhams in New York. Katie Vasquez | AP A federal judge in ...
ABBA hope to better than Elvis and Michael Jackson with immersive performance
Swedish music band ABBA, shown here as wax figures, have sold over 400 million records worldwide. Jonathan Nackstrand | Afp | Getty Images Pop legends ABBA are taking a big punt on their latest immers...
from yachts to the United Nations
Many people occasionally travel for work. But for some, travel is at the heart of their jobs. CNBC Travel spoke with people from four industries about occupations where working from home — or an offic...
Luka Doncic, Ja Morant, Warriors put NBA in strong media rights position
Ja Morant #12 of the Memphis Grizzlies drives to the basket to shoot against the Golden State Warriors in the second half of Game Three of the Western Conference Semifinals of the NBA Playoffs at Chas...
Weee taps Crazy Rich Asians director Jon M. Chu in push for grocery growth
Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and othe...
Brown Harris Stevens CEO calls real estate reality TV ‘horrible’
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible”...
Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.
Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ug...
Flight bookings for leisure and business travel top 2019 levels
For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s t...
How Will Remote Work Effect The Media Industry
Inside a coffee shop in Silicon Valley, Palo Alto, California, a man writing code has transformed a … [+] cafe table into a standing desk, using a portable computer rig which incorporates an ult...
Hasbro slams activist investor’s proposed board directors amid proxy battle
Game maker Hasbro. Justin Sullivan | Getty Images Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit th...
Why Warren Buffett Bought Paramount, Not Netflix, Stock
Text size Paramount+ has about 62 million subscribers. Valerie Macon/AFP via Getty Images Older viewers love CBS, but I’m guessing that Warren Buffett didn’t just drop $2.6 billion on shares of networ...
Berkshire Hathaway Didn’t Have to Disclose Earlier its 10% Stake in Paramount. Here’s Why.
Text size Berkshire Hathaway now owns 10.6% of Paramount Global. Dreamstime Berkshire Hathaway ’s purchase of more than 10% of Paramount Global , disclosed late Monday, normally would have triggered a...
Opinion: Snap’s warning of a weaker outlook sends ripples through tech stocks
An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback ...