Disney is slowing down when it comes to making movies and TV series for its Marvel Studios and Lucasfilm franchises, CEO Bob Iger said on CNBC Thursday. The move comes as the company is looking to cut costs during a time when its recent films, from Marvel to animation, have underwhelmed at the box office.
Technology
In this article GOOGL TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images Elon Musk, the CEO of Tesla and SpaceX, and owner of
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple CEO Tim Cook takes a photo in a viewing area for new products during Apple’s Worldwide Developers Conference at the Apple Park campus in Cupertino, California, June 5, 2023. Josh Edelson | AFP | Getty Images In June, Apple announced iOS 17, the latest
In this article GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Daniel de la Hoz Google was working on an AI-powered mobile chatbot app for Gen Z users that features interactive digital characters, CNBC has learned. However, the company recently “deprioritized” those efforts amid an internal reorganization, according to materials seen by CNBC. Typically, when
Tesla vehicles parked outside a home with a Tesla Solar Roof on Weems Street in Boca Chica Village, Texas, June 21, 2021. Veronica G. Cardenas | Bloomberg | Getty Images Tesla agreed to pay just over $6 million to settle a class action lawsuit brought by customers who faced sudden Solar Roof price hikes in
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella arrives at court in San Francisco on June 28, 2023. Philip Pacheco | Bloomberg | Getty Images Microsoft confirmed on Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition
In this article META Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. Threads is the new social network from Meta Platforms which was launched on the 5th of July 2023. Omar Marques | Lightrocket | Getty Images
Alibaba’s Hong Kong-listed shares jumped 4% on Monday morning. Qilai Shen | Bloomberg | Getty Images Alibaba‘s Hong Kong-listed shares rose 3% Monday amid hopes that the yearslong scrutiny of its financial arm Ant Group is coming to an end. On Friday, Chinese regulators issued a 7.12 billion yuan ($985 million) fine for Ant Group,
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Sebastien Bozon | AFP | Getty Images Shortly after ChatGPT hit the market last year and instantly captured headlines for its ability to appear human in answering user queries, digital marketing veteran Shane Rasnak began experimenting. As someone who had built a career in creating
Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Marlena Sloss | Bloomberg | Getty Images Attorneys for Elon Musk filed suit this week against the law firm that represented Twitter when Musk was trying to take the company private last year, claiming the
Adam Mosseri speaks onstage at the WIRED25 Summit 2019 – Day 1 at Commonwealth Club on November 08, 2019 in San Francisco, California. Matt Winkelmeyer | Getty Images Meta‘s new Threads app has been live for less than two days, but one of the company’s top executives thinks prioritizing news and political discourse on the
In this article META Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. Threads is the new social network from Meta Platforms which was launched on the 5th of July 2023. Omar Marques | Nurphoto | Getty Images
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT From left, Tim Stuart, chief financial officer of Xbox at Microsoft; Phil Spencer, Microsoft’s CEO of gaming; and Microsoft finance chief Amy Hood arrive to court in San Francisco on June 29, 2023. David Paul Morris | Bloomberg | Getty Images Microsoft’s finance chief advised
A man walks past the Samsung logo displayed on a glass door at the company’s Seocho building in Seoul on April 7, 2023. Jung Yeon-je | Afp | Getty Images Samsung Electronics said it expects a 96% profit plunge in the second quarter of 2023 as weak demand for memory chips persists. The world’s largest
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Emin Sansar | Anadolu Agency | Getty Images Just sixteen hours after launch, Instagram’s text-based social network Threads has already surpassed 30 million signups, Meta CEO Mark Zuckerberg said early Thursday. It was also the top free app in Apple’s App Store as of Thursday morning.
The landmark Namsan Seoul Tower. Jung Yeon-je | Afp | Getty Images South Korea’s dominance in the memory chip market and a robust artificial intelligence ecosystem gives it an advantage in the global AI chip race, said industry observers. “South Korea is very strong in memory chips. AI does require a lot of memory. South
After failing to reach a contract resolution with the studio association, more than 11,000 film and television writers remain on strike. Of the many topics under consideration in this year’s Writers Guild of America contract discussions, one nascent technology has fueled dissent among the negotiators: artificial intelligence. “I hope I’m wrong, but I do think
Jaap Arriens | Nurphoto | Getty Images Recent usage limits on Twitter were implemented to “detect and eliminate bots and other bad actors,” the company said Tuesday, adding that only a “small percentage” of users are currently affected. “To ensure the authenticity of our user base we must take extreme measures to remove spam and
China is restricting exports of two niche metals that are key to manufacture electronics and semiconductors, as the tech battle with the U.S. and Europe heats up. Germanium and gallium are the two metals in the spotlight. But what and how crucial are they? Why is China slapping export curbs on the metals? China and
HONG KONG, CHINA – MAY 22: A poster promoting ‘KeeTa’ is seen on May 22, 2023 in Hong Kong, China. Chen Yongnnuo | China News Service | Getty Images Chinese food delivery giant Meituan has launched a sister app in Hong Kong, its first roll-out outside of mainland China — but some analysts are skeptical it can
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