Ford Motor has announced delays in the production of a new all-electric large SUV and pickup truck, with a shift towards offering hybrid options across its entire North American lineup by 2030. Originally planned for 2025, the production of the three-row SUV at a plant in Canada has been postponed to 2027. Similarly, the next-generation
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Meta shares saw a significant increase in value on Thursday, reaching an intraday record high. This surge came after analysts at two firms raised their price targets on the stock, highlighting their optimism about the company’s expanding market share in the digital advertising space. Despite an initial climb of 4.6% to reach $530, the stock
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Samsung Electronics has reported a substantial increase in its first-quarter operating profit, estimating a more than 10-fold rise compared to the same period last year. The rebounding semiconductor prices have played a significant role in lifting earnings for the South Korean tech giant. The company estimated an operating profit of 6.6 trillion won ($4.89 billion)
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A recent case involving British billionaire Joe Lewis has brought to light the repercussions of sharing illegal stock tips. Lewis was ordered by a U.S. judge to pay a hefty fine of $5 million and serve three years of probation after pleading guilty to conspiracy and securities fraud. This case serves as a stark reminder
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Drafthouse Films has recently acquired the rights to Caligula: The Ultimate Cut, a groundbreaking 4K Ultra HD reconstruction of the infamous Tinto Brass film. This new version, which premiered at the Cannes Film Festival in 2023, features never-before-seen footage, alternate takes, and camera angles that promise to provide viewers with a fresh perspective on this
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Paramount Global’s board members have made a crucial decision to engage in exclusive merger discussions with Skydance Media, instead of considering a $26 billion bid from Apollo Global Management. This move signifies a significant shift in the direction of the media empire built by the late Sumner Redstone, potentially ending Shari Redstone’s control over the
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The recent re-election of Disney’s full board is a significant victory for shareholders, as they have decisively rejected activist Nelson Peltz and former Marvel CEO Ike Perlmutter’s push for change within the media conglomerate. Peltz and Perlmutter were advocating for removing directors such as Maria Elena Lagomasino and Michael Froman due to sustained share underperformance
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The global stock markets experienced a significant rebound after the release of data indicating a slowdown in the growth of the U.S. services industry in March. This slowdown suggested that inflation may be subsiding, leading many to believe that interest rate cuts by the Federal Reserve could be on the horizon. However, the robust economic
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The market saw Intel taking a nosedive by 7% due to a whopping $7 billion operating loss in its semiconductor manufacturing division in 2023. The tech giant’s struggle in this sector is concerning, and investors may be wary of the long-term implications of such a significant loss. On the other hand, Spotify Technology experienced a
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Film Movement has recently obtained the North American rights to “Close Your Eyes” directed by Victor Erice, a highly acclaimed Spanish director. The film, officially selected for prestigious film festivals including Cannes, Toronto, NYFF, San Sebastian, and BFI London, has garnered attention and critical acclaim. Winning a special citation from the National Society of Film
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