November 21, 2024
Business - 11/21
đŸ“ē Comcast spins off cable channels, 📈 Nvidia revenue up; shares drop...
đŸ“ē Comcast spins off cable channels Comcast announced the spinoff of its cable channels into a new company, SpinCo, acknowledging limited growth in traditional cable TV. 📈 Nvidia revenue up; shares drop Nvidia's revenue soared 94% last quarter, yet its shares dipped 2% after revealing expensive next-gen chip transitions. 📉 Target profits fall 12%, cuts outlook Target reported a 12% drop in profits and cut its full-year outlook, suffering a significant 20% decline in stock value. 💰 Bitcoin surges past $94,000 milestone Bitcoin surged past $94,000, continuing its upward trend fueled by legislative shifts and cryptocurrency ETF optimism. 🔓 Former FTX CTO avoids jail time Former FTX CTO Gary Wang won't face further jail time after cooperating in the case against Sam Bankman-Fried. 📱 Apple's $3T valuation shifts market Apple's $3T valuation is shaking up the smartphone market, influencing new investments and innovations. 🔎 DOJ may dismantle Google in landmark case The U.S. DOJ is preparing to potentially dismantle Google, pending judicial approval, indicating a major antitrust move. 🚗 Jaguar's rebrand logo sparks backlash Jaguar's rebranding and new logo triggered online backlash, indicating mixed public reception to corporate modernization. ✈ī¸ Delta sees rise in premium fliers Delta Airlines projected increased revenue from its premium passenger segment, highlighting consumer trends in travel. 🏛ī¸ Fed Vice Chair intends term completion Fed Vice Chair Michael Barr asserted his intention to complete his term despite potential pressure from political changes. 📊 Peacock subscriber base grows 29% Peacock experienced a 29% increase in subscribers last quarter, strengthening Comcast's streaming ambitions amid cable network struggles. ✂ī¸ Ford to cut 4,000 European jobs Ford plans to cut 4,000 jobs in Europe due to weak demand for EVs, highlighting increasing competition from Chinese manufacturers.
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