U.S. PPI, Disney+ subscribers flee, Yellen's new warning - what's moving markets

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Go back to U.S. PPI, Disney+ subscribers flee, Yellen's new warning - what's moving markets

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

May 15, 2023 8:50 AM EDT

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Netflix (NFLX) plans to reduce spending by $300m this year according to report

May 12, 2023 1:21 PM EDT

Netflix (NASDAQ: NFLX) is planning on reducing spending by $300 million in 2023, according to a report from The Wall Street Journal on Friday.

It states that people familiar with the matter told the streaming giant is continuing its push to improve... More