Category: Warner
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Warner Bros Discovery Stock Could Outperform Next Month
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Warner Bros. Discovery (NASDAQ:WBD) The stock last saw a 1% rise to trade at $10.62, and looks to close out the month and quarter with strong gains. On a yearly basis, WBD performed poorly, falling 6.2% versus a 23.7% gain in 2024 for the S&P 500 (SPX). However, this underperformance…
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Richard Parsons, prominent Black executive who led Time Warner and Citigroup, dies at 76
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Breadcrumb links PMN BMN Business Article writer: Associated Press Anick Gisdanon and Michael R. Sisak Posted on December 26, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content NEW YORK (AP) — Richard Parsons,…
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Warner Bros. Discovery tanks after massive impairment charge, Wall Street says ‘unlikely’ things can get worse
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Warner Bros. Discovery (WBD) shares fell about 12% in early trading Thursday after the company reported disappointing second-quarter earnings on Wednesday that missed expectations on both the top and bottom lines. The company took a massive $9.1 billion impairment charge related to its television networks unit following the loss of…
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Deutsche Bank upbeat on Spotify and Warner Music prospects By Investing.com
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Deutsche Bank on Wednesday expressed a positive outlook on market sentiment for Spotify (NYSE:SPOT) and Warner Music Group Corp. (NASDAQ:WMG) ahead of their upcoming earnings reports. The company highlighted continued strength in streaming and download numbers as the third quarter began, indicating strong demand across the industry. The bank noted…