Warner Bros. Discovery Logs $2.92 Billion Loss Tied to Netflix Termination Fee
The media and entertainment company's huge loss came after recording a $2.8 billion termination fee that was triggered when Paramount Skydance beat out Netflix to acquire Warner.
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Arm Holdings Reports Higher Profit, Strong Demand for New CPUs
The semiconductor design company said it now has more than $2 billion of demand across fiscal 2027 and 2028 for its new Arm AGI CPUs.
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DoorDash Profit Ticks Down Despite Higher Revenue
The delivery giant said the profit decline was due to higher cost of revenue, driven by increased orders, as well as higher expenses from sales and marketing and research and development.
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The Iran War Is Crushing Whirlpool's Profit-and Higher Prices Are Coming
Historically low consumer confidence is steering people away from the company's higher-end appliances.
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Snap, Perplexity Mutually End AI Deal
Snap and Perplexity scrapped a deal to integrate the startup's AI-powered answer engine directly into the social-media platform, ending a relationship that had boosted investors' hopes for improved profitability at Snap.
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FanDuel Chief Executive Amy Howe Departs Company
Howe presided over FanDuel during a boom in sports betting, even as the rise of prediction-market companies posed increasing competition.
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AppLovin Beats Quarterly Revenue Expectations. The Stock Is Rising.
Revenue was up 59% from the year-ago quarter.
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Anthropic Inks Deal to Use All of SpaceX's Colossus 1 Compute Capacity
SpaceX will supply 300 megawatts of new computing capacity, using more than 220,000 Nvidia GPUs, by the end of the month.
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New Disney CEO Gives Vision for Company as Revenue Rises
In a letter to shareholders, Josh D'Amaro explains his plan to use technology.
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Zillow Posts Higher Profit, Lower Traffic in First Quarter
The home-listing site logged a profit of $46 million, but said traffic fell 3% to 220 million average monthly unique users.
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Goodyear Tire & Rubber Swings to Loss, Citing Weak Demand
CEO Mark Stewart says that pressure on demand, as well as input cost inflation from the war in Iran, "require that we continue to take meaningful actions to strengthen our cost structure."
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Elon Musk Wanted Tesla to Take Over OpenAI, Romantic Partner Testifies in Court
Former OpenAI board member Shivon Zilis, who has four children with Musk, discussed their relationship and her view of the warring billionaires' investing conflicts.
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Kraft Heinz CEO Pushes Value: 'Consumers Are Literally Running Out of Money'
CEO Steve Cahillane said consumers' wallets are strained by month's end. The food maker is looking to hold down prices while navigating the fallout from the Iran war.
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Nvidia to Invest $500 Million in Corning, Expand Fiber Optic Manufacturing
Nvidia is investing $500 million in Corning as part of a partnership with the glassmaker to expand manufacturing of fiber optics for AI infrastructure.
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JPMorgan Offered $1 Million Settlement Before Sexual Assault Claims Went Viral
Chirayu Rana's lawsuit against JPMorgan followed failed settlement talks earlier in the year.
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Restaurants Show Resilience as Bloomin', Dine Brands Post Revenue Gains
Bloomin' Brands and Dine Brands Global both reported higher revenue in the first quarter, as value offers, menu updates and turnaround efforts helped to offset still-elevated costs and cautious consumer spending.
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Uber Technologies Revenue Climbs on Increased Trips
Uber Technologies reported higher revenue and gross bookings in the first quarter, as trip volumes and active users continued to grow.
(END) Dow Jones Newswires
May 06, 2026 19:00 ET (23:00 GMT)
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