Disney Plus adds 8 million subscribers—but it’s still operating at a loss

Disney Plus adds 8 million subscribers—but it's still operating at a loss

Disney+Photo: NICK AGRO/AFP via Getty Images When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a lot of money to catch up with more established performers in the industry—most notably Netflix, … Read more

Salesforce will help employees relocate for abortion access

Salesforce will help employees relocate for abortion access

CEO of Salesforce Marc Benioff attends a meeting with US President Joe Biden and private sector CEOs in the State Dining Room of the White House on January 26, 2022 in Washington, DC. Drew Anger | Getty Images Salesforce told employees in a Slack message on Thursday that the company will help them relocate if … Read more

Carvana, GameStop, AMC, General Motors and more

Carvana, GameStop, AMC, General Motors and more

Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from … Read more

Elon Musk Faces SEC Probe Over Twitter Stock Buys: Report

Elon Musk Faces SEC Probe Over Twitter Stock Buys: Report

The Securities and Exchange Commission is investigating Elon Musk’s failure to disclose his massive March Twitter share purchase in a timely fashion, according to a report by the Wall Street Journal. The richest man in the universe took too long to file the required public form while in the process of buying up 9.2% of … Read more

Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric … Read more

Roblox CEO David Baszucki says bookings are turning around

Roblox CEO David Baszucki says bookings are turning around

Roblox CEO David Baszucki told CNBC on Wednesday that the company is seeing its bookings recover in April after the company said earlier this week that they declined 3% in the March quarter. Bookings are how the company describes sales of its virtual currency, Robux, which players use to buy digital items such as avatars … Read more

Redbox getting swallowed by Chicken Soup For The Soul

Redbox getting swallowed by Chicken Soup For The Soul

RedboxPhoto: Justin Sullivan/ (Getty Images) Great news for anybody who wants to see some sun-damaged touch screens get livened up by a little good, hearty cheer: Redbox just got itself bought by Chicken Soup For The Soul Entertainment Inc., the company behind eight million books of inspirational sub-Reader’s Digest horseshit, and also, for some reason, … Read more

GM’s new Cadillac Escalade is the most expensive, powerful yet at $150,000

GM's new Cadillac Escalade is the most expensive, powerful yet at $150,000

2023 Cadillac Escalade V-Series Cadillac DETROIT — General Motors’ newest Cadillac Escalade will be the most powerful and expensive version of the full-size SUV ever when it goes on sale this summer, starting at about $150,000. The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8 engine that delivers 682 … Read more

Kohl’s shareholders vote to keep directors despite activist pressure

Kohl's shareholders vote to keep directors despite activist pressure

The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s shareholders voted to re-elect the company’s current slate of 13 board directors, as the retailer faced mounting pressure from activists for an overhaul, the company announced Wednesday. The annual … Read more