(Reuters) - Comcast's new streaming bundle, packaging its Peacock service with Netflix and Apple TV+, will cost $15 per month for all Xfinity internet and TV customers, the media and broadband company said on Tuesday.
The new bundle, StreamSaver, is a "companion to broadband" and offers savings of more than 30% to customers, Comcast Cable CEO David Watson said at the J.P. Morgan Technology, Media and Communications Conference.
Customers... (continue reading...)
By Dawn Chmielewski
(Reuters) -Pixar Animation Studios, which produced such classic films as "Toy Story" and "Up," began laying off about 14% of its workforce Tuesday as it scales back development of original streaming series, according to a source familiar with the development.
Approximately 175 people will be affected by job cuts at the Walt Disney Co unit.
The animation studio had hired additional staff to create original... (continue reading...)
Investing.com -- U.S. stock futures traded largely flat Tuesday, as investors reacted with caution ahead of more speeches from Federal Reserve officials about the potential for future interest rate cuts.
Here are some of the biggest premarket U.S. stock movers today:
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Lowe’s (NYSE: LOW) stock rose 2.1% after the home improvement retailer reported first-quarter net sales that topped expectations, boosted by growth in its online offerings and services for... (continue reading...)
(Reuters) - AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.
Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O'Reilly Automotive, rose 3.5% to about $4.24 billion.
Analysts on average were expecting AutoZone to report third-quarter net sales... (continue reading...)
In a note to clients Tuesday, Bank of America highlighted a potential undervaluation in Nvidia (NASDAQ: NVDA) options pricing despite rising concerns about earnings fragility in the broader big-cap tech sector.
While the market anticipates an implied move of only 8.6% for NVDA's upcoming earnings release, BofA says this is lower than three out of the last five earnings events.
According to the bank, this disconnect suggests that options are underpricing the potential... (continue reading...)
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