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Warner Bros. Discovery posts $966M loss, hurt by slumping ad sales and Hollywood strikes

Warner Bros. Discovery posted a bigger-than-expected quarterly loss as advertising sales at its cable TV division slumped and its studio division grappled with the fallout from last year’s Hollywood strike and weak demand for its “Suicide Squad” game. . Advertising trends in the U.S. and some international markets have been subdued as companies grappled with […]

NYC council grills NYPD brass over ‘unprofessional’ social media posts

City Council leaders on Thursday accused executives of “dangerous, unethical and unprofessional” social media posts and $100 million in unscheduled overtime to police the escalating anti-Israel protests and migrant shelters. He slammed the NYPD over the $68 million dispute. The heated lawsuit unfolded after the city’s Bureau of Investigation, at the request of City Council […]

Russian journalist charged with ‘justifying terrorism’ over old Telegram posts

A Russian journalist who has worked for both state-run and independent media was detained on Monday and is facing charges of justifying terrorism through posts on the messaging app Telegram, her lawyer said. . Nadezhda Kevorkova’s detention comes amid an intensifying crackdown on journalists, rebels and critics of Russia’s war in Ukraine. Kevolkova’s lawyer, Karoly […]

Biden posts cringey Star Wars Day clip with Mark Hamill

He’s from a galaxy far, far away. President Biden shared a Star Wars Day clip featuring a celestial White House visitor on X Saturday, which was quickly criticized as lame by social media users. “May the 4th be with you.” the commander in chief yelled He looked solemnly at the camera. It was then that […]

Trump posts campaign ad praising UNC students holding up US flag during campus protest

Former President Trump posted a campaign ad on his site, Truth Social, praising various counter-protesters on college campuses, including students who carried American flags. “While campuses struggle to control students, UNC-Chapel Hill is regaining order.” The video begins. The ad shows footage of pro-Palestinian students protesting across the country. Photos and videos are then shown […]

Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend

Amazon on Tuesday expected second-quarter revenue to be weaker than Wall Street expectations as it expects spending from cost-sensitive companies on cloud computing services to be slow. Amazon’s first-quarter sales rose 13% to $143.3 billion, above the average of $142.5 billion, according to LSEG data. Amazon shares rose as much as 6% in after-hours trading […]