Viacom expects affiliate sales to drop in 2018; shares sink
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. Viacom Inc, owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent. […]
Gold steady as dollar gains amid U.S. rate hike expectations
A 1000 gram gold bar is seen at the Kazakhstan’s National Bank vault in Almaty, Kazakhstan September 15, 2017. REUTERS/Mariya Gordeyeva By Vijaykumar Vedala (Reuters) – Gold prices were little changed on Thursday after upbeat U.S. economic data bolstered the prospects of interest rate increases next month and beyond by the Federal Reserve. Spot gold […]
Brexit: Goldman Sachs chief Lloyd Blankfein suggests second vote
REUTERS The chief executive of Goldman Sachs, Lloyd Blankfein, has suggested holding another referendum on Brexit. Mr Blankfein tweeted: “Here in UK, lots of hand-wringing from CEOs over #Brexit… So much at stake, why not make sure consensus still there?” The firm, which is known to have taken office space in Frankfurt, employs about 6,000 […]
SNES Classic Review: The Super Nintendo is back, and you’re in for nostalgia overload
When Nintendo (NTDOY) released its Nintendo Entertainment System (NES) Classic, a miniature version of the company’s iconic home game console, last November, the world lost its mind. Overnight, the $60 box, which featured 30 original NES titles, sold out. Retailers couldn’t keep the box in stock, and eBay (EBAY) and Amazon (AMZN) resellers jacked up their prices to $200 or more for the […]
Why the tech industry is worried about a bill targeting sex trafficking
It’s hard to think of a tougher policy sales pitch for the tech industry than its argument against a bill called the Stop Enabling Sex Traffickers Act (SESTA). Advocates for it have a simple request: Do something to stop the plague of online sex trafficking! Opponents are stuck with a more nuanced request on behalf of companies […]
How Trump’s FCC chair could limit your media choices
Federal Communications Commission chair Ajit Pai is adding yet another item to his to-do list. On top of cancelling broadband-privacy and net-neutrality rules, boosting rural broadband and battling robocalls, he wants to make media mergers easier. In a post on the FCC’s site, Pai described this latest ambition as “modernizing our media ownership rules to reflect the marketplace of the present, […]
SoftBank says considering investment in Uber but no final agreement reached
TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Tuesday it was considering investing in Uber Technologies Inc [UBER.UL] but there was no final agreement at this stage. “If conditions on share price and a minimum of shares are not satisfactory for the SoftBank Group side, there is a possibility the SoftBank Group may […]
Gold prices dip as dollar holds up on higher U.S. bond yields
By Vijaykumar Vedala (Reuters) – Gold prices inched down on Tuesday, with the dollar holding steady on higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States. Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion, while a stronger dollar makes the […]
Uber’s grand plan for flying cars faces a major obstacle
LISBON—Uber now has its eyes on the skies. In a talk Wednesday morning at the Web Summit conference here, chief product officer Jeff Holden outlined the ride-hailing firm’s plans to take commuters across major cities in electric-powered air taxis by 2020, starting in Los Angeles. But its plans to have four-passenger, vertical-takeoff-and-landing aircraft zip above […]
Amazon Worth a Trillion a Year From Now, Says Morgan Stanley
Amazon Worth a Trillion a Year From Now, Says Morgan Stanley Amazon (AMZN) will have as much profit from new lines of business — cloud computing, subscriptions, and advertising — in five years’ time as it does today in retail sales, according to Morgan Stanley’s Brian Nowak, who reiterates an Overweight rating the stock, and a $1,250 […]