Sopa Images | Lightrocket | Getty ImagesNetflix is actively exploring a bid for Warner Bros Discovery’s studio and streaming business, retaining a financial advisor and gaining access to financial information, according to three sources familiar with the matter.The video streaming service has hired Moelis & Co, the investment bank that advised Skydance Media on its successful bid for Paramount Global, to evaluate a prospective offer, two of the sources said. Netflix also has been granted access to the data room, which contains the financial details needed to make a bid, according to two of the sources familiar with the matter.Warner…
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While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach.Instead of simply buying as many AI chips as possible, Apple buys computing capacity from outside partners, finance chief Kevan Parekh explained Thursday on the company’s fourth quarter earnings call.When Apple does build servers for its AI software, the company is using its own chips — not those from Nvidia or AMD — to power a service it calls Private Cloud Compute.”I don’t see us moving away from this hybrid model, where we leverage both first-party…
new video loaded: Who Is Driving U.S. Attacks in the Caribbean?What’s the main goal of the U.S. military buildup in the Caribbean, and who in the Trump administration is behind it? Anatoly Kurmanaev, a New York Times reporter who covered Venezuela, discusses with Katrin Bennhold what we know and don’t know.By Katrin Bennhold, Anatoly Kurmanaev, Leila Medina, Christina Thornell, Jon Hazell and Stephanie SwartOctober 30, 2025 Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJared Holz, Mizuho, joins ‘Fast Money’ to recap Novo Nordisk’s bid for Metsera and ELi Lilly soaring after earnings beat.04:49an hour ago Source link
CNBC’s Jim Cramer unpacked Thursday’s market action, saying that even though tech stocks took a hit, they might not stay down for long, praising recent quarters from Apple and Amazon.”After Apple’s good quarter and fabulous guidance, and Amazon’s great quarter and great guidance, I wouldn’t be surprised if the money comes right back into tech,” he said. “Tech will be back in the saddle tomorrow.”Stocks dipped during the session as investors analyzed quarterly reports from Big Tech. The S&P 500 declined 0.99%, while the Dow Jones Industrial Average lost 0.23% and the tech-heavy Nasdaq Composite dipped 1.58%.Some of the day’s…
CEO of Palantir Technologies Alex Karp attends the Pennsylvania Energy and Innovation Summit on the campus of Carnegie Mellon University in Pittsburgh, Pennsylvania on July 15, 2025. Andrew Caballero-reynolds | Afp | Getty ImagesPalantir’s head of global communications said Wednesday that the company’s political shift toward the Trump administration is “concerning.””I think it’s going to be challenging, as a lot of the company is moving pro-Trum-, you know, is moving in a certain direction,” communications chief Lisa Gordon said in an interview at The Information’s Women in Tech, Media and Finance summit.”It’s concerning,” she said, while noting she’s a Democrat…
Check out the companies making headlines in after-hours trading. Apple — Apple shares jumped 4% after the iPhone maker posted fiscal-fourth quarter earnings that exceeded analyst expectations. The company also gave a strong forecast for its December quarter driven by strong demand for its iPhone 17 line. Apple earned $1.85 per share on revenue of $102.47 billion. Analysts expected it to earn $1.77 per share on $102.24 billion in revenue, per LSEG. Cloudflare — Shares of the cloud company jumped more than 8% after Cloudflare delivered strong third-quarter results. Cloudflare said it earned 27 cents per share after adjustments, while…
Apple is scheduled to release fiscal fourth-quarter earnings after the stock market closes on Thursday, with most analysts optimistic that the iPhone maker will deliver another set of solid results. Analysts polled by LSEG estimate that Apple, led by CEO Tim Cook, will earn $1.77 per share on revenue of $102.24 billion in the quarter ended Sept. 30. This would represent earnings growth of 7.9% and a revenue rise of 7.7% versus the same period a year ago. Apple beat Wall Street’s forecasts for earnings and revenue in its fiscal third quarter that ended June 30. The company’s total revenue…
Deepwater’s Gene Munster joins ‘Fast Money’ to recap Apple and Amazon earnings. Source link
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024.Noah Berger | Getty ImagesAmazon said Thursday that revenue in its cloud computing business increased 20% in the third quarter, exceeding analysts’ estimates.Revenue at Amazon Web Services for the third quarter totaled $33 billion. Analysts polled by StreetAccount had expected $32.42 billion, or growth of 18.1% from a year earlier. Operating income rose 9% from a year ago to $11.4 billion, also beating estimates and accounting for about two-thirds of Amazon’s total operating profit. AWS is the world’s…
