Financial news on June 02, 2019
Business and Financial news
The tech giant put “too much focus” on art-house fare, said Jennifer Salke, the head of Amazon Studios. It will now focus more on films for a broader audience, including “sexy date-night movies.” Read more..
Stewart Butterfield, Slack’s chief executive, has been outspoken. Maybe too outspoken for a business software company that is about to go public. Read more..
The corporate home of Wonder Woman, Harry Potter and “Friends” weighs how its streaming service can compete on price with Disney, Netflix and Amazon. Read more..
Both sides said “progress” had been made in the talks but deep disagreements remain ahead of the March deadline set by leaders of both countries. Read more..
In a new white paper, Beijing blamed the United States for the breakdown in trade talks. Some companies, like FedEx, are already feeling pressure from the Chinese government. Read more..
In terms of economic, political and cultural impact, the finance industry dominates. But tech is gaining fast, and is where much of the growth is. Read more..
President Trump’s company had high hopes for a Uruguayan condominium development. But the long-delayed project has become a microcosm of the Trump Organization’s deep problems. Read more..
The agency said the part, which was manufactured by a Boeing supplier, was improperly manufactured. The problem was the latest to hit the plane. Read more..
“Rocketman,” the Elton John bio-musical, came in third place behind “King of the Monsters” and Disney’s “Aladdin.” Read more..
Support for scrutiny of the tech giants is coming from across the political spectrum. For Google and Amazon, any investigations would be a major distraction, or worse. Read more..
A number of Your Money readers took Ron Lieber’s advice to freeze their children’s credit. Equifax’s process didn’t always work. Please keep trying. Read more..
A huge write-down, disappointing results and a regulatory inquiry pose big challenges for the owner of the Jell-O and Oscar Mayer brands. Read more..
National Beverage Corp. shares fell as much as 26 percent after Nick Caporella made what turned out to be a veiled reference to a lawsuit and appeared to compare his company to a handicapped person. Read more..
In a lawsuit on Thursday, the city attorney said tracking was used not just for local forecasts but also for commercial purposes like targeted marketing. Read more..
Americans are still scarred by the financial crisis, and the fruits of this decade’s record-breaking rally fell mostly to the rich. Read more..
Qorvo, Cirrus Logic, Lumentum and AMS had all slashed their revenue forecasts for the most recent quarter late last year. Read more..