Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Warner Bros. Discovery WBD with a price forecast of $14 on Monday.Ehrlich argued, in an analyst report, that recent developments, notably an internal reorganization and an S&P debt downgrade (viewed as an “ironically positive” event), have increased WBD’s strategic flexibility.While acknowledging challenges, the analyst expressed continued belief in WBD’s compelling collection of assets and upcoming catalysts.Also Read: Warne ...

Core Viewpoint - Lottery.com Inc. has successfully dismissed a lawsuit filed against it, indicating a lack of evidence for the allegations made [1][2][3] Group 1: Lawsuit Details - The lawsuit was filed by Dawn Nettles in the 333 District Court in Harris County, Texas, and later moved to Business Court Division 11a, containing unfounded allegations against Lottery.com's operations [2] - The notice of dismissal was filed on May 30, 2025, under Texas Rule of Civil Procedure 162, terminating the case immediately [1][2] Group 2: Company Response - Gregory Potts, the Chief Operating Officer of Lottery.com, emphasized the company's commitment to fair and transparent operations, aligning with Nettles' advocacy [3] - The dismissal of the lawsuit is seen as a positive step towards rebuilding investor confidence and focusing resources on enhancing shareholder value [3] Group 3: Company Overview - Lottery.com Inc. operates a unified ecosystem that integrates gaming, entertainment, and sports through its brands, including Sports.com, Tinbu, and WinTogether [4]

Core Insights - Disney is laying off several hundred employees globally, primarily affecting the marketing teams in the Disney Entertainment division due to a declining traditional TV audience [1] - The layoffs also include a smaller number of positions in publicity, casting, development, and corporate finance, with no entire teams being eliminated [1] - The company has previously reduced headcount as TV audiences shift to streaming platforms, with significant cuts occurring in recent years [2] Employment Reductions - In March, Disney cut nearly 6% of its workforce, approximately 200 people, in its ABC News Group and Disney Entertainment Networks [2] - Last fall, around 300 employees were laid off in corporate departments, following a previous layoff of about 140 people, including those at National Geographic and Freeform [2] Strategic Direction - Bob Iger, upon returning as CEO in late 2022, indicated plans for broad cuts, aiming to reduce 7,000 jobs in 2023 [3] - Disney has achieved profitability in its streaming business for the first time last year and is seeking growth in its parks and experiences segment, including a new theme park partnership in Abu Dhabi [3]

Economic Overview - Inflation is showing signs of cooling, with the personal consumption expenditure (PCE) index rising only 0.1% month-over-month in April and 2.1% year-over-year, down from 2.3% in March [4][5] - Core PCE, excluding food and energy, also rose 0.1% month-over-month and 2.5% year-over-year, marking the smallest advance since March 2021 [5] - Consumer spending increased by 0.2% month-over-month, while personal income rose by 0.8% in April, indicating economic resilience [5][11] Trade and Tariffs - President Trump's tariffs announced in early April have been put on hold as trade negotiations are ongoing, alleviating concerns about inflation and recession [2][6] - The temporary pause in tariffs and the initiation of trade talks, including a deal with the UK, have boosted market optimism [7] Consumer Discretionary Stocks - Positive sentiment in the economy suggests investing in consumer discretionary stocks is prudent [2][8] - Selected stocks include: - **Interface, Inc. (TILE)**: Expected earnings growth rate of 8.2%, with a Zacks Consensus Estimate improvement of 2.6% over the past 60 days [9] - **Kontoor Brands, Inc. (KTB)**: Expected earnings growth rate of 9.6%, with a Zacks Consensus Estimate improvement of 2.9% over the past 60 days [12] - **GDEV Inc. (GDEV)**: Expected earnings growth rate of 58%, with a Zacks Consensus Estimate improvement of 21.8% over the past 60 days [13] - **Netflix, Inc. (NFLX)**: Expected earnings growth rate of 27.7%, with a Zacks Consensus Estimate improvement of 3% over the past 60 days [15]

Warner Bros. Discovery (WBD) shares have lost 5% year to date, significantly underperforming the Zacks Consumer Discretionary sector’s 25.1% growth and entertainment peers like Disney (DIS) , Paramount Global (PARA) and Netflix’s (NFLX) return of 0.6%, 16.4% and 32.9%, respectively. This underperformance reflects investor concerns about the company's transformation amid a challenging media landscape, despite notable operational improvements in the first quarter of 2025.Streaming Segment Shows PromiseWBD's s ...

New York, May 29, 2025 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), a global entertainment technology company specializing in the integration of artificial intelligence and technology in the entertainment industry, today announced a significant milestone in the company’s new cryptocurrency mining business. The Company has deployed 10,000 Bitmain Antminer T21 rigs at the facility in Kazakhstan, positioning Color Star as a significant emerging player in th ...

After staging a strong comeback from the lows hit in early April, Wall Street has been experiencing volatile trading again in recent weeks. Growing uncertainty around the new U.S. administration’s economic tariffs continues to weigh on investor sentiment. In such a scenario, investors should shift their focus to products that provide stability and safety in a rocky market. And nothing seems better than dividend investing, which offers income and stability. Though dividend stocks do not offer dramatic price ...

U.S. consumers have regained some of their faith in the nation’s economy over the past month, or since the United States and China announced a trade truce and temporarily halted tariffs. Markets have since rebounded sharply and consumers are a lot more confident now.Although trade anxiety persists, the situation has improved a lot from the lows seen in March and early April. This saw consumer confidence rebounding sharply in May. Given this positive sentiment, it would be ideal to invest in consumer discret ...

Core Insights - Reed Hastings, Chairman of Netflix, has joined the board of Anthropic, an AI company valued at $61.5 billion, known for its AI chatbot model Claude [1][2]. Company Developments - Hastings expressed optimism about AI's benefits for humanity while acknowledging economic, social, and safety challenges associated with AI development [2][3]. - Hastings was selected by Anthropic's Long Term Benefit Trust, which consists of five financially disinterested members responsible for board appointments [3][4]. - The selection of Hastings was based on his leadership experience, philanthropic efforts, and commitment to addressing societal challenges posed by AI [4]. Board Composition - Hastings will join a five-member board that includes Anthropic's CEO Dario Amodei, President Daniela Amodei, investor Yasmin Razavi, and Jay Kreps, CEO of Confluent [5]. Philanthropic Efforts - Hastings has a history of philanthropic contributions, including a recent $50 million donation to Bowdoin College to establish the Hastings Initiative for AI and Humanity, aimed at providing ethical frameworks for AI [6].

Core Points - Donald Trump and Paramount are in negotiations regarding a $20 billion lawsuit related to a 60 Minutes segment, with Paramount reportedly offering $15 million while Trump's team demands $25 million and an apology [1][4][8] - The lawsuit alleges violations of Texas' Deceptive Trade Practices Act, typically used for false advertising claims, and is seen as meritless by many observers [3][8] - The ongoing negotiations are critical for Paramount as they seek regulatory approval for a multi-billion dollar merger with Skydance, which has faced delays [10][8] Group 1 - Paramount has made an opening offer of $15 million, while Trump's team is seeking $25 million and an apology from CBS News [4][2] - The lawsuit was filed in October 2024, alleging deceptive practices related to an edited interview with Kamala Harris [2][5] - The outcome of the negotiations could impact CBS News, as leadership changes and concerns over the settlement have arisen [7][6] Group 2 - The merger between Paramount and Skydance requires approval from the FCC, which has been slow, leading to a 90-day extension [10][8] - Trump's legal team has indicated that further legal action may be pursued if CBS and Paramount continue to air segments they deem defamatory [12][8] - The situation has created tension within CBS News, with staff interpreting leadership changes as a sign that a settlement may be imminent [7][6]