Nvidia posted strong second-quarter numbers, more than doubling revenue during the same period last year.But the numbers were largely expected as tech companies continue to invest in AI.Sky-high expectations are working against Nvidia, experts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed w ...

Ryanair's Michael O'Leary criticized Boeing for ongoing delivery delays of 737 Max aircraft.Boeing slowed production rates in the wake of January's Alaska Airlines blowout.O'Leary also doubted certification timelines for Boeing's 737 Max 7 and Max 10. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed wh ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up!Thanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple, the tech powerhouse behind ...

Meta said it's shutting down its augmented-reality studio Spark early next year.The feature allows AR developers to make custom effects for apps like Instagram and Facebook.AR effects have become a mainstay of the short-video era, driving trends on TikTok and Snapchat. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOne of the biggest weight-loss drugs on the market will ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe sports-media world got a serious shock in mid-August, as a judge stopped the launch of Venu Sports, a s ...

Core Viewpoint - Edgar Bronfman Jr. has withdrawn his bid to acquire Paramount, facilitating the sale of the media company to Skydance Media led by David Ellison [1][2][3] Group 1 - Bronfman, the former CEO of Warner Music Group, informed Paramount of his decision to exit the bidding process just before the merger deadline [3] - The withdrawal of Bronfman's bid removes obstacles for Paramount's sale to Skydance Media, which is now likely to proceed smoothly [1][2] - Bronfman made a last-minute offer prior to the scheduled closing of Paramount's merger with Skydance Media [3]

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up!Thanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing's bad year isn't over yet.A ...

Core Viewpoint - Edgar Bronfman Jr. is seeking to partner Paramount with a technology company to enhance its streaming strategy, particularly in light of its recent financial struggles and competition in the market [2][3][4]. Group 1: Bidding War and Financial Context - Bronfman has made a surprise $6 billion bid for Paramount, entering a competitive situation with Skydance Media, which had previously planned a merger with Paramount [1][4]. - Paramount has experienced a 17% revenue decline in the last quarter, indicating financial challenges that Bronfman believes can be addressed through a tech partnership [4]. - Paramount+ has 68 million subscribers, significantly trailing behind Netflix, which has over 277 million subscribers as of June [3]. Group 2: Strategic Moves and Proposals - Bronfman's bid includes acquiring National Amusements Inc., the holding company of the Redstone family, which controls most of Paramount's voting stock [5]. - The bid was made just before the expiration of a 45-day "go-shop" period, allowing Paramount to consider other offers, leading to an extension of this period by 15 days [5]. - Skydance's proposal involves injecting over $8 billion into Paramount and reducing its debt by $1.5 billion, while Bronfman's counteroffer includes a tender offer of $16 per share for non-voting shareholders [6][7]. Group 3: Leadership and Management Changes - If Bronfman's bid is successful, he plans to take over as CEO of Paramount and retain current employees, while also bringing in experienced executives Jon Miller and John Martin for key roles [6].

All eyes will be on Nvidia on Wednesday.The chip giant is set to report earnings at a time when investor interest in AI is in flux.Buyers of its chips have faced swings as investors fret that returns on spending are a long way off. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go ...