Tensions Between Disney And Its Heiress Continue To Heat Up
* Stories are summarized by an A.I.
* Stocks or companies mentioned: DIS, MCD, AAPL, BA, MSFT, VMW, GPRO, T, NFLX and CMG
Tensions Between Disney And Its Heiress Continue To Heat Up
DIS (The Walt Disney Company) | Yahoo Finance
Abigail Disney, the heir to the Disney fortune, has been speaking out lately against income inequality, and today the Walt Disney Co. clapped back. Abigail Disney recently visited the Disneyland theme park in Anaheim, California to observe the working conditions of employees. Disney didn’t brush her claims off, calling them “a gross and unfair exaggeration” in a public statement. This is far from the first time that the heiress has spoken out about the Disney corporation. She has spoken to Congress about the need for a wealth tax to alleviate economic inequality.
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McDonald's Announces Quarterly Cash Dividend
MCD (McDonald's Corporation) | PR Newswire
Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.16 per share of common stock payable on September 17, 2019 to shareholders of record at the close of business on September 3, 2019. Upcoming CommunicationsFor important news and information regarding McDonald's, including the timing of future investor conferences and earnings calls, visit the Investor Relations section of the Company's Internet home page at www.investor.mcdonalds.com. Forward-Looking StatementsThis release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The Company undertakes no obligation to update such forward-looking statements, except as may otherwise be required by law.
Read More
Why It's a Good Idea for Apple to Start Paying for Original Podcasts
AAPL (Apple Inc.) | The Motley Fool
Bloomberg recently reported that Apple (NASDAQ:AAPL) is considering spending money to acquire the rights to stream some podcasts exclusively on its Podcasts app. Apple may be considering the idea of exclusive podcasts because its music streaming rival Spotify (NYSE:SPOT) is making inroads into the original podcast programming space. If Apple does begin shelling out cash for exclusive podcasts, here are three reasons it would be a smart move. Apple Music has about 60 million paying subscribers right now, versus Spotify's 100 million premium members, though Apple is estimated to have more subscribers in the U.S. than Spotify. All of which means the competition between Spotify and Apple Music is fierce, and Apple can't afford to let its guard down in any area where its rival is advancing.
Read More
Boeing takes $5.6 billion revenue hit to compensate 737 Max customers
BA (The Boeing Company) | The Washington Post
Boeing said the grounding of its 737 Max jets would reduce its revenue and earnings by $5.6 billion in the second quarter, the largest financial effect of two deadly crashes of the jetliner so far. In a statement Thursday, the plane manufacturer said it would record a $4.9 billion charge to compensate airline customers for the delays in getting its 737 Max planes back into service. The financial toll of the 737 Max grounding is starting to add up for Boeing, which has frozen sales of its flagship jetliner since regulators issued a global grounding of the plane in March. The company said it will discuss the financial impact of the 737 Max grounding on a conference call with analysts that day. Boeing has taken precautions to brace for the financial impact of the 737 Max grounding, including securing a new line of credit, selling bonds and halting a stock buyback program.
Read More
Microsoft handily beats estimates, powered by growing cloud profits
MSFT (Microsoft Corporation) | Financial Post
Microsoft Corp on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. Cloud growth powered Microsoft’s market value past US$1 trillion for the first time in April. Meanwhile, its personal computing division, home to Windows software, rose to US$11.3 billion, compared with analyst estimates of US$10.98 billion. Excluding items, the company earned $1.37 per share, topping estimates of $1.21 per share. Total revenue rose 12 per cent to US$33.72 billion, above average analysts’ estimates of US$32.77 billion.
Read More
VMware acquires ML acceleration startup Bitfusion
VMW (Vmware Inc. Class A) | Tech Crunch
VMware today announced that it has acquired Bitfusion, a former participant in our Startup Battlefield competition. Bitfusion was one of the earliest companies to help businesses accelerate their complex computing workloads on GPUs, FPGAs and ASICs. “Multi-vendor hardware accelerators and the ecosystem around them are key components for delivering modern applications. These accelerators can be used regardless of location in the environment – on-premises and/or in the cloud.”Prasad also notes that to get the most out of hardware accelerators like GPUs, most enterprises deploy them on bare metal. Bitfusion had raised $5 million in 2017 and a smaller, strategic investment from Samsung Ventures in 2018.
Read More
These 3 Charts Show Why GoPro's Comeback Will Be Challenging
GPRO (GoPro Inc.) | Yahoo Finance
Those reductions in operating expenses reduced the amount of gross profit the company required to break even on operations. (Gross profit minus operating expenses = operating profit.) A stable sales rate is great if it's accompanied by declining operating costs, but GoPro's gross profit margin has cratered since 2015. As the table below shows, gross profit margin over the past year was just 33% and total gross profit didn't even cover the company's operating expenses.
Read More
AT&T; Partners With Rival Verizon On Web Portal Business
T (AT&T) | BuzzFeed News
Telecom and media giant AT&T will partner with rival telecom and media giant Verizon to run parts of its consumer-facing web portal att.net after ending its contract with the small Buffalo tech firm Synacor, BuzzFeed News has learned. This means Verizon, which already provides AT&T’s email service (@att.net) through Yahoo, will now also run att.net. The portal — which features news, stocks, a search bar, and links to other AT&T sites including email — receives 30 million to 40 million visitors per month and makes money from ads. BuzzFeed News has reached out to Verizon. AT&T and Verizon are the country’s two largest telecom companies.
Read More
Netflix Introduces Mobile-only Cheaper Plan In India After A Dismal Q2
NFLX (Netflix Inc) | Forbes
Yesterday, the streaming service published their Q2 report which reported an almost 50% dip in the company’s projected paid subscriber growth. As 'Sacred Games', Netflix's first original Indian series, gears up for a second season, Netflix announced a $4 mobile-only plan for the Indian market. We think that there is an opportunity to broaden access to the service,” said Netflix’s Chief Product Officer Greg Peters in the Netflix Q2 2019 Earnings Interview. The mobile-only plan, however, restricts viewing to one mobile device only. In what seems like a contingency plan, Netflix has been making a huge investment in producing global content through the last year.
Read More
Chipotle Looks to Continue Hot Streak with Earnings Report Next Week
CMG (Chipotle Mexican Grill Inc.) | Nasdaq
Chipotle is set to report its second quarter earnings on Tuesday, July 23rd after the closing bell. In 2018, Chipotle launched a loyalty program called Chipotle Rewards, which provides customers with the opportunity to earn bonus points and free food. The company's revenue increased 13.9% year-over-year by bringing in $1.3 billion, and comparable restaurant sales increased by 9.9%. CMG's digital sales grew 100.7% and accounted for 15.7% of total sales generated last quarter. The company's digital sales are going in the right direction, and it will be crucial for the company to continue making strides in the digital realm.
Read More
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* Stocks or companies mentioned: DIS, MCD, AAPL, BA, MSFT, VMW, GPRO, T, NFLX and CMG
Tensions Between Disney And Its Heiress Continue To Heat Up
DIS (The Walt Disney Company) | Yahoo Finance
Abigail Disney, the heir to the Disney fortune, has been speaking out lately against income inequality, and today the Walt Disney Co. clapped back. Abigail Disney recently visited the Disneyland theme park in Anaheim, California to observe the working conditions of employees. Disney didn’t brush her claims off, calling them “a gross and unfair exaggeration” in a public statement. This is far from the first time that the heiress has spoken out about the Disney corporation. She has spoken to Congress about the need for a wealth tax to alleviate economic inequality.
Read More
McDonald's Announces Quarterly Cash Dividend
MCD (McDonald's Corporation) | PR Newswire
Today, McDonald's Board of Directors declared a quarterly cash dividend of $1.16 per share of common stock payable on September 17, 2019 to shareholders of record at the close of business on September 3, 2019. Upcoming CommunicationsFor important news and information regarding McDonald's, including the timing of future investor conferences and earnings calls, visit the Investor Relations section of the Company's Internet home page at www.investor.mcdonalds.com. Forward-Looking StatementsThis release contains certain forward-looking statements, which reflect management's expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The Company undertakes no obligation to update such forward-looking statements, except as may otherwise be required by law.
Read More
Why It's a Good Idea for Apple to Start Paying for Original Podcasts
AAPL (Apple Inc.) | The Motley Fool
Bloomberg recently reported that Apple (NASDAQ:AAPL) is considering spending money to acquire the rights to stream some podcasts exclusively on its Podcasts app. Apple may be considering the idea of exclusive podcasts because its music streaming rival Spotify (NYSE:SPOT) is making inroads into the original podcast programming space. If Apple does begin shelling out cash for exclusive podcasts, here are three reasons it would be a smart move. Apple Music has about 60 million paying subscribers right now, versus Spotify's 100 million premium members, though Apple is estimated to have more subscribers in the U.S. than Spotify. All of which means the competition between Spotify and Apple Music is fierce, and Apple can't afford to let its guard down in any area where its rival is advancing.
Read More
Boeing takes $5.6 billion revenue hit to compensate 737 Max customers
BA (The Boeing Company) | The Washington Post
Boeing said the grounding of its 737 Max jets would reduce its revenue and earnings by $5.6 billion in the second quarter, the largest financial effect of two deadly crashes of the jetliner so far. In a statement Thursday, the plane manufacturer said it would record a $4.9 billion charge to compensate airline customers for the delays in getting its 737 Max planes back into service. The financial toll of the 737 Max grounding is starting to add up for Boeing, which has frozen sales of its flagship jetliner since regulators issued a global grounding of the plane in March. The company said it will discuss the financial impact of the 737 Max grounding on a conference call with analysts that day. Boeing has taken precautions to brace for the financial impact of the 737 Max grounding, including securing a new line of credit, selling bonds and halting a stock buyback program.
Read More
Microsoft handily beats estimates, powered by growing cloud profits
MSFT (Microsoft Corporation) | Financial Post
Microsoft Corp on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. Cloud growth powered Microsoft’s market value past US$1 trillion for the first time in April. Meanwhile, its personal computing division, home to Windows software, rose to US$11.3 billion, compared with analyst estimates of US$10.98 billion. Excluding items, the company earned $1.37 per share, topping estimates of $1.21 per share. Total revenue rose 12 per cent to US$33.72 billion, above average analysts’ estimates of US$32.77 billion.
Read More
VMware acquires ML acceleration startup Bitfusion
VMW (Vmware Inc. Class A) | Tech Crunch
VMware today announced that it has acquired Bitfusion, a former participant in our Startup Battlefield competition. Bitfusion was one of the earliest companies to help businesses accelerate their complex computing workloads on GPUs, FPGAs and ASICs. “Multi-vendor hardware accelerators and the ecosystem around them are key components for delivering modern applications. These accelerators can be used regardless of location in the environment – on-premises and/or in the cloud.”Prasad also notes that to get the most out of hardware accelerators like GPUs, most enterprises deploy them on bare metal. Bitfusion had raised $5 million in 2017 and a smaller, strategic investment from Samsung Ventures in 2018.
Read More
These 3 Charts Show Why GoPro's Comeback Will Be Challenging
GPRO (GoPro Inc.) | Yahoo Finance
Those reductions in operating expenses reduced the amount of gross profit the company required to break even on operations. (Gross profit minus operating expenses = operating profit.) A stable sales rate is great if it's accompanied by declining operating costs, but GoPro's gross profit margin has cratered since 2015. As the table below shows, gross profit margin over the past year was just 33% and total gross profit didn't even cover the company's operating expenses.
Read More
AT&T; Partners With Rival Verizon On Web Portal Business
T (AT&T) | BuzzFeed News
Telecom and media giant AT&T will partner with rival telecom and media giant Verizon to run parts of its consumer-facing web portal att.net after ending its contract with the small Buffalo tech firm Synacor, BuzzFeed News has learned. This means Verizon, which already provides AT&T’s email service (@att.net) through Yahoo, will now also run att.net. The portal — which features news, stocks, a search bar, and links to other AT&T sites including email — receives 30 million to 40 million visitors per month and makes money from ads. BuzzFeed News has reached out to Verizon. AT&T and Verizon are the country’s two largest telecom companies.
Read More
Netflix Introduces Mobile-only Cheaper Plan In India After A Dismal Q2
NFLX (Netflix Inc) | Forbes
Yesterday, the streaming service published their Q2 report which reported an almost 50% dip in the company’s projected paid subscriber growth. As 'Sacred Games', Netflix's first original Indian series, gears up for a second season, Netflix announced a $4 mobile-only plan for the Indian market. We think that there is an opportunity to broaden access to the service,” said Netflix’s Chief Product Officer Greg Peters in the Netflix Q2 2019 Earnings Interview. The mobile-only plan, however, restricts viewing to one mobile device only. In what seems like a contingency plan, Netflix has been making a huge investment in producing global content through the last year.
Read More
Chipotle Looks to Continue Hot Streak with Earnings Report Next Week
CMG (Chipotle Mexican Grill Inc.) | Nasdaq
Chipotle is set to report its second quarter earnings on Tuesday, July 23rd after the closing bell. In 2018, Chipotle launched a loyalty program called Chipotle Rewards, which provides customers with the opportunity to earn bonus points and free food. The company's revenue increased 13.9% year-over-year by bringing in $1.3 billion, and comparable restaurant sales increased by 9.9%. CMG's digital sales grew 100.7% and accounted for 15.7% of total sales generated last quarter. The company's digital sales are going in the right direction, and it will be crucial for the company to continue making strides in the digital realm.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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