President Trump said Sunday that Lachlan Murdoch, the head of Fox Corp. and sister media company News Corp, could be included in a group of US investors that includes tech moguls Larry Ellison and Michael Dell that would buy a controlling stake in TikTok’s US operations. “I think they’re going to be in the group,” the president said in an interview with Fox News’ “The Sunday Briefing that was recorded Friday and aired Sunday. “A couple of others. Really great people, very prominent people. And they’re also ...

Comcast Corporation (NASDAQ:CMCSA) ranks among the best communication services stocks to buy now. RBC Capital Markets began coverage of Comcast Corporation (NASDAQ:CMCSA) on September 8 with a Sector Perform rating and a $38 price target, stating that the company’s strong performance hasn’t been enough to counteract the intense competition in the broadband market. Copyright: jetcityimage / 123RF Stock Photo Comcast Corporation (NASDAQ:CMCSA) has changed its prices to better protect its position, but as ...

The buzz reheated Friday around a possible media mega-merger, helping lift shares of the companies involved, while a report from a short seller sent shares of a medical device manufacturer sharply low... ...

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the stocks Jim Cramer commented on. Cramer mentioned the stock during the episode and said: “Finally, during less ebullient periods, whenever you get some good news in the morning, you can be assured something bad will come later in the day that you can hang your bear’s hat on as the market sinks. No, not in this tape. Are you kidding me? In the midst of a typical update comes a story about, I mean, Jeff Marks sitting next to me, but he says, Hey Jim, th ...

Key TakeawaysWall Street's major indexes surged to fresh record highs, propelled by a Federal Reserve interest rate cut and a significant $5 billion investment by Nvidia (NVDA) in Intel (INTC), which sent Intel shares soaring over 23%.FedEx (FDX) delivered a strong first-quarter performance, handily beating analyst expectations with adjusted earnings per share of $3.83 and revenue of $22.2 billion.U.S. long-term capital inflows saw a notable decrease in July, with net long-term Treasury International Capita ...

Meta has reportedly held talks with media companies about using their articles for AI training.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The tech giant has had discussions with companies including Axel Spring ...

The knockout punch came this month, with WBD stock ripping nearly 29% on Sept. 11, then another 17% the next day, hitting a high of $19.59 on Sept. 15 after reports of the potential Paramount Skydance bid. The momentum has pushed WBD stock to a 113% gain over the past year, a 70% rally in three months, and an eye-popping 43% surge in just five trading sessions.Warner Bros. Discovery may carry the aura of a heavyweight in media, but WBD stock has been through a slugfest this year. After plunging to a year-to ...

In recent months, Meta Platforms (NASDAQ:META) held discussions with several media companies, including Axel Springer, Fox (NASDAQ:FOX) (NASDAQ:FOXA) and News Corp. (NASDAQ:NWS) (NASDAQ:NWSA) about licensing their articles for use in its AI products, The Wall Street Journal reported. Instagram and WhatsApp ...

The history of Disney is chock-full of moments where it realized it couldn't rely on what was working and focused instead on what would work in the future. The company is cannibalizing its linear networks business because it realizes that streaming is here to stay.The company released Disney+ in 2019, which got off to a great start but took a while to become profitable. Today, Disney+ is performing much better, but Disney's traditional cable business (linear networks) is suffering major declines. However, t ...

Disney said it is pulling ABC late-night host Jimmy Kimmel's show in the wake of remarks he made about the killing of conservative activist Charlie Kirk. ...