FTX will sell or restructure global empire, CEO says

FTX’s new CEO said on Saturday that the bankrupt crypto exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble in court filings and press releases about whether the bankruptcy filing should proceed in New York or in Delaware. “Based on our review over the past week, we … Read more

Warner Bros Discovery (WBD) earnings Q3 2022

Warner Bros. Discovery reported its third-quarter earnings on Thursday, missing analyst expectations, as it felt the effects of a tough advertising environment and costs associated with its post-merger restructuring. CEO David Zaslav also announced that the merged version of the company’s HBO Max and Discovery+ streaming services will be coming in the spring, earlier than … Read more

AMD earnings Q3 2022

AMD President and CEO Lisa Su speaks during an AMD event at CES in Las Vegas on Jan. 6, 2020. Bridget Bennett | Bloomberg | Getty Images Advanced Micro Devices shares rose as much as 4% in extended trading on Tuesday after the chipmaker announced earnings and quarterly guidance that failed to meet Wall Street’s … Read more

Why cheap airfare is so hard to find this year

United’s check-in area at Washington Dulles International Airport. Leslie Josephs | CNBC Cheap airfares are hard to find, and it might not get much easier in 2023. Between staffing shortages, delays and airlines’ conservative schedules after costly travel meltdowns, available seats are limited. Airlines are also passing along higher fuel prices and other costs to … Read more

AMC Entertainment stock falls to 52-week low

The AMC 25 Theaters in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images AMC Entertainment hit a new 52-week low Wednesday as the movie theater company contends with a massive debt load, dilution of its stock and a film release schedule short on … Read more

‘Avatar’ returns to theaters as Disney hypes James Cameron’s long-delayed sequel

avatar Source: Walt Disney Studios The Na’vi return to the big screen this weekend as Disney looks to reignite interest in its newly acquired Avatar franchise, three months before the debut of the long-delayed sequel, “Avatar: The Way of Water.” Bringing the highest-grossing film of all time back to theaters has two purposes for Disney: … Read more

Inflation peaking? 10 common consumer items where prices are falling

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket … Read more

Here’s why HBO Max is pulling dozens of films and TV series

Warner Bros. Discovery’s HBO Max is removing 36 movies and TV series from its platform. There are three main reasons why it’s happening. The films and series − which include 20 original HBO Max shows such as teen drama “Generation,” and “Sesame Street” spinoff “The Not-Too-Late Show with Elmo” − will be removed by end … Read more

Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every US person is going to have to be very … Read more

Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation is not abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s … Read more