November 21, 2024
Business - 11/21
πŸ“Ί Comcast spins off cable channels, πŸ“ˆ Nvidia revenue up; shares drop...
πŸ“Ί Comcast spins off cable channels Comcast announced the spinoff of its cable channels into a new company, SpinCo, acknowledging limited growth in traditional cable TV. πŸ“ˆ Nvidia revenue up; shares drop Nvidia's revenue soared 94% last quarter, yet its shares dipped 2% after revealing expensive next-gen chip transitions. πŸ“‰ Target profits fall 12%, cuts outlook Target reported a 12% drop in profits and cut its full-year outlook, suffering a significant 20% decline in stock value. πŸ’° Bitcoin surges past $94,000 milestone Bitcoin surged past $94,000, continuing its upward trend fueled by legislative shifts and cryptocurrency ETF optimism. πŸ”“ Former FTX CTO avoids jail time Former FTX CTO Gary Wang won't face further jail time after cooperating in the case against Sam Bankman-Fried. πŸ“± Apple's $3T valuation shifts market Apple's $3T valuation is shaking up the smartphone market, influencing new investments and innovations. πŸ”Ž DOJ may dismantle Google in landmark case The U.S. DOJ is preparing to potentially dismantle Google, pending judicial approval, indicating a major antitrust move. πŸš— Jaguar's rebrand logo sparks backlash Jaguar's rebranding and new logo triggered online backlash, indicating mixed public reception to corporate modernization. ✈️ Delta sees rise in premium fliers Delta Airlines projected increased revenue from its premium passenger segment, highlighting consumer trends in travel. πŸ›οΈ Fed Vice Chair intends term completion Fed Vice Chair Michael Barr asserted his intention to complete his term despite potential pressure from political changes. πŸ“Š Peacock subscriber base grows 29% Peacock experienced a 29% increase in subscribers last quarter, strengthening Comcast's streaming ambitions amid cable network struggles. βœ‚οΈ Ford to cut 4,000 European jobs Ford plans to cut 4,000 jobs in Europe due to weak demand for EVs, highlighting increasing competition from Chinese manufacturers.
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