Will Feuer

Paramount Shares Drop 28% as Streaming Costs Mount

By: Will Feuer

The media company cuts its dividend and restarts the process to sell book publisher Simon & Schuster.

The Wall Street Journal

Warner Bros Revenue Falls Amid Soft Ad Market

By: Will Feuer

Company targets profitability in streaming segment this year, sooner than forecast

The Wall Street Journal

Fox Swings to Quarterly Loss After Dominion Settlement

By: Will Feuer

The company said revenue for the fiscal third quarter climbed 18% to $4.08 billion in the first three months of the year.

Verizon Cuts Number of Unlimited Data Plans It Offers From Six to Two

By: Will Feuer

The wireless carrier’s new consumer boss is looking to reduce the “paradox of choice” and curb subscriber losses.

The Wall Street Journal

GE Replaces Finance Chief in Midst of Company Breakup

By: Will Feuer

Rahul Ghai, the current chief financial officer of GE Aerospace, will also become CFO of the parent company, succeeding Carolina Dybeck Happe.

The Wall Street Journal

Deere Lifts Profit Outlook as Supply Chain Improves

By: Will Feuer

The strong farm economy bolstered demand for company’s machinery.

Nvidia Stock Jumps 26% to New High as Chip Maker Approaches $1 Trillion Valuation

By: Will Feuer

Shares of graphics-chip maker Nvidia are on pace to reach a fresh record high with a market value of nearly $1 trillion.

Nvidia Stock Hits New Closing High as Chip-Maker’s Valuation Approaches $1 Trillion

By: Will Feuer

Nvidia shares closed at a record high Thursday as the chip-maker added nearly a third of its market value, which closed shy of the $1 trillion mark. The stock ended up 24.4% to $379.80, marking the largest one-day percent increase for Nvidia since 2016. The price left Nvidia with a market capitalization of $944 billion.

The Wall Street Journal

T-Mobile Says Not in Talks to Add Wireless Plans to Amazon Prime

By: Will Feuer

T-Mobile US said it isn’t in talks to include its wireless plans in Amazon’s Prime service after a Bloomberg report said Amazon is holding talks with various carriers about offering low-cost or possibly free nationwide mobile phone service to Prime subscribers.

The Wall Street Journal

Six Flags Has a New Summer Attraction. It’s Not a Roller Coaster.

By: Tyler Dane Hansen, Will Feuer

After a steep drop in attendance, the theme-park operator is trying to upgrade its brand; the wafting aroma of barbecue.