Backed by a $1.4 billion investment from Asia's richest man, Mukesh Ambani, Disney will likely end at the top of highest streaming profitability by 2024.
Industry
Electronic Arts to Cut 5% of Employees Amid Ongoing Layoffs in Gaming and Tech Sector
Electronic Arts has announced its plan to reduce its workforce by about 5%. Electronic Arts has announced its plan to reduce its workforce by about 5%, or roughly 670 employees, amid ongoing layoffs in the technology and gaming industry.
Dell Shares Surge by 15% After Beating Earnings Estimates
Dell Technologies witnessed a surge of over 15% in its shares following the release of its fourth-quarter results.
iPhone 15 in China Gets Huge Discounts To Attract Customers Amid Slowing Sales
Apple permitted occasional discounts to their iPhone 15 models in China to stimulate demand as competition with other brands intensified.
Bud Light Boycott Over Transgender Ambassador Cost Anheuser-Busch InBev Over $1 Billion Loss
The $1.4 billion potential sales loss for the World's biggest brewery was compounded by a nearly 7% drop in sales in Hong Kong and further declines in China for its Asia business.
Latest News
The cloud seeding program will deploy 30 aircraft across its 77 provinces as part of its annual royal rainmaking initiative to combat severe drought and escalating air pollution.
Despite her departure from the board, Winfrey vows to continue advocating for health equity and plans to donate her financial interest to the National Museum of African American History and Culture.
Oreo has unveiled two new flavors inspired by classic mud pie dessert and tiramisu. Oreo has unveiled two new flavors that will undoubtedly make its fans curious.
Apple CEO Tim Cook has unveiled the company's significant investments in generative AI during the firm's annual shareholder meeting.
Armani Ferrante made the crypto wallet and exchange venture successful as he raised $17 million in funding to aid global expansion and regulatory compliance as the exchange witnesses growing trading volumes.
SCB X's acquisition of Home Credit's business in Vietnam for US$860 million will help its regional presence in a tech-savvy population.
China's top internet search engine saw a 6% rise in fourth-quarter revenue, buoyed by AI applications and expanding advertising, with adjusted net income soaring by 44%.
Tata announces that the new $5 billion battery factory in Bridgwater, Somerset will not just create 4,000 jobs, but will also drive Britain's electric vehicle transition.
Amazon launches a $1 billion fund for AI and robotics, enhancing logistics efficiency and worker safety.
