Chinese streaming firm Tencent Music Entertainment delivered its first earnings report as a public company, meeting market expectations but exposing soaring licence and content production costs which pulled its shares down 6 percent. The U.S.-listed company’s shares have gained about 43 percent since debuting in December, but its results published on Tuesday highlight the need
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Shares in Inmarsat Plc jumped 17 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash offer from a private equity-led consortium, opening up the possibility of a bidding war. The consortium, which initially included UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board
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The University of Southern California has blocked students who were linked to the admissions scandal from registering for classes and getting their transcripts. Among the students enrolled in USC are the daughters of “Full House” actress Lori Loughlin and her husband, designer Mossimo Giannulli, whom federal prosecutors charged with paying $500,000 in bribes to get
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The Wall Street Journal reports that the National Enquirer’s publisher paid $200,000 to obtain intimate texts between Amazon CEO Jeff Bezos and his mistress Lauren Sanchez. American Media, the supermarket tabloid’s publisher, reportedly paid that sum to Michael Sanchez, Lauren’s brother. The Journal’s finding, attributed to people familiar with the matter, parallels the conclusion reached
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Reports of Americans being unprepared for retirement have become so widespread that it no longer seems to elicit any emotional response. The Employee Benefit Research Institute found that 40.6 percent of all U.S. households (where the head of the household is between ages 35 and 64) are projected to run out of money in retirement.
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Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
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Bill Gates, co-founder and former CEO of Microsoft, says he talked to Google researchers on Monday about the application of artificial-intelligence technology in health care. The intersection of AI and health care is a longtime area of interest for Google. Researchers there have explored the use of AI algorithms for making predictions based onmedical records.
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Complacency will make fixing the nation’s healthcare system a daunting task, according to Warren Buffett, whose Berkshire Hathaway recently joined with J. P. Morgan Chase and Amazon to develop a new model for their 1 million employees. Buffett along with Amazon‘s Jeff Bezos and J. P. Morgan‘s Jamie Dimon recently formed the healthcare joint venture
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Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
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Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it,
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With no one hitting all winning numbers in Saturday night’s Powerball drawing, the top prize has jumped above the half-billion-dollar mark. Now at a whopping $550 million for Wednesday night’s drawing, the jackpot has been growing for more than two months of twice-weekly drawings. And while the odds are stacked against players winning it —
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