The recent NFL playoff game that was only shown on Peacock for most of the country had many football fans up in arms over the league’s perceived greed. But the move may work out well for Peacock.During the weekend of that Chiefs-Dolphins game, Peacock saw a 2.8 million jump in new subscribers, according to subscription market intelligence company Antenna. It was the biggest new subscriber event for any streaming service over the past three years, according to Antenna, outperforming Super Bowls and FIFA Worl ...

Microsoft Corp.’s Teams suffered an outage Friday, prompting users to take to social media to voice their frustration at the business-communications platform.“User reports indicate problems at Microsoft Teams,” the Down Detector website, which monitors online outages, posted on Friday. Down Detector showed an outage that spiked at around 11 a.m. Eastern time.“We’ve identified a networking issue impacting a portion of the Teams service and we’re performing a failover to remediate impact,” Microsoft 365’s off ...

A known Tesla Inc. bull has a recipe for the electric-vehicle maker’s rebound.Wedbush analyst Dan Ives called for a $10 billion buyback and an end to price cuts, among other ideas, as a way to boost Tesla’s battered shares and restore some confidence on Wall Street after “dark day for the bulls (and us).”Tesla TSLA, +0.91% on Thursday dropped 12% to end at its lowest level since May. Investors faulted the EV maker for being too “vague” about its outlook following Wednesday’s fourth-quarter earnings, in whic ...

Detroit native Renise Taylor has been looking to buy a bigger house, having outgrown her current home and neighborhood in the city.But Taylor, who works in the finance industry, is facing a tough and increasingly expensive market, especially in the neighborhoods she finds attractive. “It’s pricing a lot of people out,” Taylor told MarketWatch. “People who would normally be able to afford a home in Detroit under normal circumstances are not going to be able to afford to live in Detroit.”And “it’s already hap ...

As Intel Corp.’s stock flirted Friday with the possibility of seeing its biggest one-day drop in more than two years, analysts had some harsh words for the chip maker.“How many times can you push the reset button?” Bernstein’s Stacy Rasgon asked in a note to clients. While he thought many investors were bracing for the company to miss on its first-quarter forecast, the outlook came in “extremely weak and clearly worse than feared.” Intel INTC, +0.94% expects $12.7 billion in revenue at the midpoint, while a ...

Although Tesla Inc.’s stock already took a sound beating after yet another disappointing earnings report this week, one analyst believes it wasn’t punished nearly enough.The EV giant’s stock TSLA, -12.13% had tumbled 12.1% on Thursday, after the company reported a fourth-quarter profit and revenue miss and provided a downbeat 2024 outlook late Wednesday. That marked the fourth straight quarter the stock has suffered sharp one-day post earnings selloffs; the stock has dropped an average of 10.2% on those day ...

JPMorgan Chase & Co. Chief Executive Jamie Dimon has announced a major series of promotions and title changes with a potential successor among them to run the U.S.’s largest bank.JPMorgan JPM, +1.43% summed up the changes as “new and increased responsibilities for a number of key executives that will build upon the company’s successes and continue to position the firm for the future.”JPMorgan Chase’s stock rose 0.4% in premarket trading on Friday. Among the moves, Jennifer Piepszak will be co-chief executi ...

American Express Co. saw net write-offs increase in the latest quarter relative to a year before, but the company on Friday still came in ahead of Wall Street expectations with its financial forecasts for 2024. Total revenue net of interest expense came in at $15.8 billion, up 11% from the $14.2 billion that Amex AXP, +1.21% reported a year prior. Analysts had been looking for $16.0 billion. Amex’s billed business was up 6% to $379.8 billion. “We continued to drive strong customer engagement, and deman ...

Dental, personal care and pet food products maker Colgate Palmolive Co. CL, +1.42% said Friday it had net income of $718 million, or 87 cents a share, in the fourth quarter, up from $5 million, or 1 cent a share, in the year-earlier period. Adjusted per-share earnings came to 87 cents, ahead of the 85 cent FactSet consensus. Sales rose to $4.950 billion from $4.629 billion, also ahead of the $4.893 billion FactSet consensus. “We leveraged our strong margin performance to invest behind building our brands, ...

It’s a tale of two worlds for Intel INTC, +0.94% these days. At a turbulent time for the silicon industry, the computer-chip giant late Thursday reported that fourth-quarter 2023 revenue rose 10% year over year, with a gross margin increase of 6.5 points. For the 2023 full-year results, however, total revenue was down 14% vs. 2022 and total gross margin slipped to 40% from 42.6%.Compared to companies like Taiwan Semiconductor Manufacturing TSM, +0.03% or even Nvidia NVDA, +0.42%, with 2023 gross margins of ...