Mike Cannon-Brookes, co-founder of software company Atlassian Corp., in Sydney, Australia, Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian shares popped 19% after the software company blew past Wall Street’s fiscal second-quarter earnings and guidance expectations. Shares traded near a fresh 52-week high and were on pace for their best day […]
Gov. Gavin Newsom touted higher than expected tax revenues and a “modest surplus” in an unconventional preview of his $322.2 billion spending proposal for the upcoming fiscal year, but his office said he still plans to pull money from the state’s rainy day reserves to pay for policy priorities. The Democratic governor delivered a selective […]
“Doctor Who” producer Bad Wolf has increased its profits by 49% despite a drop in revenue year-on-year. Post-tax profits rose from £7,072,610 ($8.9 million) in 2023 to £10,554,620 ($13.2 million) in 2024, latest records show. Gross profits climbed from £11 million last year to £15 million this year. This is despite revenue dropping from £117 […]
Arm and Qualcomm’s dispute over Qualcomm’s Snapdragon X Elite chips is continuing in court this week, with executives from each company taking the stand and attempting to downplay the accusations from the other side. If you haven’t been following along, the crux of the issue is Qualcomm’s purchase of a chip design firm called Nuvia […]
Patrick Soon-Shiong had become accustomed to making the news. He was the doctor and medical technology innovator who built a fortune, the striving South African immigrant who bought a piece of the Lakers and the L.A. billionaire who brought the Los Angeles Times back under local control when he purchased it in 2018. But none […]
People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Niharika Kulkarni | Nurphoto | Getty Images India has appointed Revenue Secretary Sanjay Malhotra as governor of the country’s central bank for a three-year period, according to CNBC TV18. He will on Tuesday […]
The advertising business roared back in 2024, and is set to continue to grow in 2025 … but linear TV will be the exception that growth. That’s according to the annual end-of-year advertising forecast from the media buying giant GroupM. The agency says that 2024 will end with 9.5 percent growth in total advertising revenue, […]
Warner Music Group reported fiscal fourth-quarter revenue of $1.63 billion, up 4 percent from a year ago, but net income of $48 million fell 69 percent from $154 million a year ago. The bottom line drop disclosed on Thursday was put down to higher interest expense and the impact of exchange rates on the company’s […]
Last week, actor and director Ben Affleck shared his views on AI’s role in filmmaking during the 2024 CNBC Delivering Alpha investor summit, arguing that AI models will transform visual effects but won’t replace creative filmmaking anytime soon. A video clip of Affleck’s opinion began circulating widely on social media not long after. “Didn’t expect […]
WASHINGTON, DC – APRIL 17: U.S. Rep. Virginia Foxx (R-NC), Chairwoman of the House Education and the … [+] Workforce, has issued a letter to the Department of Education expressing concerns “about any last-ditch efforts by an outgoing administration that would disrupt current educational delivery.” (Photo by Alex Wong/Getty Images) Getty Images Alarm bells are […]
