Nintendo continued to benefit from the release of the flagship Zelda game and “Super Mario Bros. Movie” this year, as it reported better-than-expected sales and profit for its fiscal second quarter on Tuesday. Compared to LSEG estimates, Nintendo performed as follows in its fiscal second quarter: Revenue: 334.9 billion Japanese yen ($2.2 billion) as opposed […]
According to people familiar with the situation, Rep. Dean Phillips, D-Minn., is not receiving much support for his unlikely primary challenge to President Joe Biden from a group of influential citizens in his home state who have contributed to his previous successful congressional campaigns. A few of Phillips’ prior financial backers have demanded that the
The most recent labor agreement pitch from Hollywood studios has not been received well by SAG-AFTRA actors. Artificial intelligence guidelines were among the “several essential items” that the Screen Actors Guild-American Federation of Television and Radio Artists claimed they could not agree upon during their negotiations with the Alliance of Motion Picture and Television Producers.
Adam Neumann was a key player in WeWork’s meteoric rise and dramatic descent into Chapter 11 bankruptcy protection on Monday. The former CEO of WeWork established the business in 2010 and, primarily by sheer force of personality, built a real estate conglomerate that peaked in January 2019 at a valuation of $47 billion. Merely valued
In a court filing on Monday, the office of special counsel Jack Smith stated that Donald Trump “stands alone in American history for his alleged crimes” pertaining to his attempts to overturn his defeat in the 2020 presidential election. Smith’s office stated in the filing that “no other president has engaged in conspiracy and obstruction
Purchase now, pay later In a symbolic step that prepares the company for a potential listing, Klarna has formed a holding company in the UK that will occupy the highest position within its corporate structure. A Klarna representative verified to CNBC that the Stockholm-based company, which offers customers the option to spread out payments over
Given their comments regarding Trump’s staff and the barrage of threats and harassment his office has faced since the former president’s fraud trial started, a New York judge decided on Friday that a limited gag order on the former president should also cover his lawyers. “There is ample evidence of both actual and potential violence
In an effort to protest the way some of the nation’s most prominent universities have responded to the Israel-Hamas conflict, billionaire Marc Rowan has been in contact with what one finance executive jokingly referred to as “half of Wall Street” about stopping donations to these institutions. The CEO of the massive private equity firm Apollo
In an effort to challenge a judge’s order compelling her to testify in the case next week, Ivanka Trump asked a New York appeals court to put a halt to the $250 million fraud trial of her family and its business empire. The move to put the trial on hold was made in response to
According to the CEO of Nissan Motor, since the Covid pandemic, the world has undergone significant change, and people now have very different expectations for their battery-powered cars depending on where they live. For well-established automakers like Nissan, who have adopted global strategies for decades, this poses a number of challenges. Speaking with Martin Soong,
