Financial news on June 02, 2019

Business and Financial news
Amazon Resets Its Film Operation After Rough Year at Box Office

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..

By Brooks Barnes - The New York Times

As Slack Prepares to Go Public, Its C.E.O. Is Holding His Tongue

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..

By Erin Griffith - The New York Times

AT&T’s Streaming Ambitions Hit a Snag: The Cost of HBO

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..

By Edmund Lee - The New York Times

China and U.S. to Continue Trade Talks Next Week

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..

By Keith Bradsher and Alan Rappeport - The New York Times

China Strikes Defiant Stance on Trade Against Trump

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..

By Alexandra Stevenson - The New York Times

Even Without Amazon, Tech Could Keep Gaining Ground in New York

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..

By Ben Casselman, Keith Collins and Karl Russell - The New York Times

‘Everything Is Stalling’: Inside a Troubled Trump Project in Uruguay

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..

By Jesse Drucker and Manuela Andreoni - The New York Times

F.A.A. Says Some Boeing 737 Max Planes May Have Faulty Part

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..

By Reuters - The New York Times

‘Godzilla’ Sequel Disappoints, but Leaves a Bigger Footprint Overseas

“Rocketman,” the Elton John bio-musical, came in third place behind “King of the Monsters” and Disney’s “Aladdin.” Read more..

By Brooks Barnes - The New York Times

Google and Amazon Are at the Center of a Storm Brewing Over Big Tech

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..

By Cecilia Kang, David Streitfeld, Katie Rogers and Stephanie Saul - The New York Times

How Equifax Complicates a Simple Task: Freezing a Child’s Credit

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..

By Ron Lieber - The New York Times

Kraft Heinz Stock Plunges as Tastes Change and S.E.C. Investigation Begins

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..

By Peter Eavis - The New York Times

LaCroix Maker’s Profit Slips. C.E.O. Blames ‘Injustice.’ Stock Dives.

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..

By Tiffany Hsu - The New York Times

Los Angeles Accuses Weather Channel App of Covertly Mining User Data

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..

By Jennifer Valentino-DeVries and Natasha Singer - The New York Times

The Bull Market Began 10 Years Ago. Why Aren’t More People Celebrating?

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..

By Matt Phillips - The New York Times

Was Apple’s Warning a Surprise? Not to Its Suppliers

Qorvo, Cirrus Logic, Lumentum and AMS had all slashed their revenue forecasts for the most recent quarter late last year. Read more..

By Stephen Grocer - The New York Times

See what else happened on June 02, 2019