Disney to cut 7,000 jobs and slash $5.5 billion in costs as it unveils vast restructuring
Disney unveiled a vast corporate restructuring, and CEO Bob Iger said the company isn’t considering a spinoff of ESPN.
Affirm cuts 19% of workforce; shares tank on earnings miss
Affirm reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.
Alphabet shares fall 7% following Google’s A.I. event
Shares of Alphabet tumbled Wednesday after the company held an event to promote its new artificial intelligence chatbot.
Spy balloon confirms ‘pattern of Chinese behavior’ that poses threat to NATO members, Stoltenberg says
Stoltenberg said European countries have seen an increase in Chinese intelligence activities.
Lawyers and advisors in FTX bankruptcy have billed nearly $20 million for 51 days of work
FTX’s top bankruptcy, legal and financial advisors have billed the company more than $19.6 million in fees, according to Tuesday bankruptcy court filings.
Fed Governor Christopher Waller warns that interest rates could go higher than expectations
Federal Reserve Governor Christopher Waller on Wednesday talked tough on inflation, warning that the fight is not over.
A.I. hype lifts Microsoft shares at Alphabet’s expense. An opportunity may be emerging for investors
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics.
Electric vehicle stocks roar back to life in 2023 — Wall Street’s favorite plays from here
After a dismal 2022, EV stocks are rebounding. Here are the names that are loved by Wall Street.
European stocks close higher after Fed Chair Powell’s comments; FTSE touches record high
European markets were higher Wednesday as investors digested the latest comments from Fed Chair Jerome Powell, while the U.K.’s FTSE hit a new high.
Chinese tech giant Alibaba working on a ChatGPT rival; shares jump
Alibaba joins a flurry of technology firms including Google and Baidu to respond to OpenAI and Microsoft’s ChatGPT AI chatbot.
