The results come at a tricky time for Chinese commerce businesses, given the broad sluggishness in the world’s second-largest economy.
Kategorie-Archiv: CNBC Financial News
Here’s why investors are so excited about Disney’s quarterly results
After several quarters of underperformance and investor frustration, CEO Robert Iger’s turnaround plans appear to be working.
Disney doesn’t plan to change its TV networks portfolio anytime soon
Disney doesn’t foresee parting with its TV networks, more than a year after CEO Bob Iger went public with the consideration.
BlackRock expands its tokenized money market fund to Polygon and other blockchains
BlackRock launched the USD Institutional Digital Liquidity Fund on Ethereum earlier this year.
It’s ‚liquidity, stupid‘: VCs say tech investing is tough amid IPO lull and ’nuts‘ AI hype
Venture capitalists at Web Summit say the hunt for liquidity is getting harder, despite „nuts“ funding rounds for AI firms like OpenAI.
Britain’s car finance industry is in crisis – with banks bracing for billions in payouts
The crisis has prompted comparisons to Britain’s PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).
Chinese AI startup takes aim at OpenAI’s Sora with image-to-video tool launch
Beijing-based Shengshu Technology updated its artificial intelligence-powered text-to-video tool Vidu for generating videos based on separate images.
Banks are reporting a tenfold surge in digital scams, cybersecurity firm BioCatch says
Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams.
Disney stock surges on streaming growth, guidance
Revenue for Disney’s entertainment segment – which includes the traditional TV networks, direct-to-consumer streaming and films – increased 14% year over year.
Cisco reports fourth straight quarter of declining revenue
Cisco reported better-than-expected results for the latest quarter but revenue continues to shrink.