Tom Lee, the co-founder of Fundstrat, predicts that large-cap technology stocks will continue to surge in 2023, and FAANG shares could have even more room to grow. Lee believes that FAANG (Facebook’s parent company Meta, Amazon, Apple, Netflix, and Alphabet) could rise by up to 50% this year. He anticipates a rebound in FAANG companies
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During a recent earnings call, Disney CEO Bob Iger took a moment to congratulate Universal Studios on the success of their latest film, “The Super Mario Bros. Movie.” Iger noted that the film’s global box office success proves that audiences around the world still enjoy being entertained in theaters, and he expressed optimism about the
Disney has announced plans to integrate Hulu content into its Disney+ streaming app in the US. The move will create a “one app experience” for subscribers, according to CEO Bob Iger. The standalone options for all Disney platforms, including ESPN+, will remain in place. The move towards a unified streaming experience is part of Disney’s
Vertical has recently appointed former Amazon Prime Video executive Jason Pecora to the role of Executive Vice President, Distribution. Pecora will be responsible for overseeing Sales, Marketing and Operations in his new role. He will report to Vertical Partners Peter Jarowey and Rich Goldberg. Pecora has over 14 years of experience in the entertainment industry,
Ellen Stutzman, the chief negotiator for the striking Writers Guild of America, is in the middle of a tough negotiation process with the movie and television studios. On Wednesday, her parents and aunt showed their support for her and her union cohorts by marching outside Amazon’s offices in Manhattan. Stutzman’s parents, Fred and Anne Stutzman,
The NBA has revealed its All-NBA teams for the 2020-21 season, with Philadelphia 76ers’ Joel Embiid earning a spot on the first team for the first time in his career. Embiid, who was also named the league’s Most Valuable Player, led the NBA in scoring for the second consecutive year. He was joined on the
Warner Bros. Discovery CEO David Zaslav’s 2022 executive compensation has been met with disapproval from stockholders, according to a recent SEC filing. The company’s say-on-pay vote saw nearly half of the votes cast against last year’s compensation, which had just over 50% approval. Although the votes are non-binding, they carry weight when it comes to
Tom Hanks, the star of the iconic 1994 film “Forrest Gump,” admitted during the New Yorker Live event that he had doubts about the movie’s potential success. Hanks confessed that he once asked director Robert Zemeckis if anyone would care about the film, which featured a man sitting on a bench in a peculiar outfit
China’s consumer price index rose 0.1% in April year-on-year, marking its slowest growth since early 2021. However, prices declined by 0.1% month-on-month. Economists surveyed by Reuters had predicted consumer prices would rise by 0.4% from a year ago and remain unchanged from the previous month. April’s reading follows China’s inflation rate easing to 0.7% in
The European Commission has requested more information on Apple’s mobile payment system as the enforcer seeks to close any loopholes and strengthen its case against the technology giant. The EU competition watchdog had previously accused Apple of restricting rivals’ access to its Near-Field Communication (NFC) technology, which is used for mobile wallets, making it difficult