Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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American Express Reports Q1 Net Income of $2.1 Billion as Travel Spending Ramps Up
Brian Shepardson, VP & Senior Portfolio Manager at James Investments, discusses the takeaways from this week's earnings and forecasts market reaction as Fed Chair Powell signals a 50-basis point hike in May.
Tesla Reports $18.76 Billion in Revenue, Record Margins in Q1
Patrick Healey, President & Chief Investment Officer at Caliber Financial Partners, breaks down Tesla's blowout earnings report and highlights the challenges the Fed will face if interest rate hikes are front-loaded.
Twitter Accepts Elon Musks Offer to Buy the Social Media Platform for $54.20
Debra Aho Williamson, Principal Analyst for Insider Intelligence, breaks down the details of Elon's Twitter buyout and highlights concerns over regulating Big tech.
Will Disney Might Do Without Its Special Tax Status
Florida Governor Ron DeSantis has signed into law a bill that strips Disney World of its special self-governing status. This came after Disney spoke out against Florida's so-called “Don’t Say Gay” bill, some saying in retaliation of that. Ben Means, Professor of Law and the John T. Campbell Chair in Business and Professional Ethics at the University of South Carolina School of Law, breaks down how the new law might impact Disney’s business moving forward.
Boeing Posts $1.2 Billion Loss in Q1, Worse Than Expected
Boeing is reporting a money-losing quarter as both its civilian-airplane division and the defense business are struggling.
Cheddar Quick Hit GSTV of April 28th
Cheddar Quick Hit GSTV
Need2know: Tesla Takes Hit, Russia Pauses Gas Distro & SpaceX Crew-4
Catching you up on what you need to know on April 27, 2022, with Tesla stocks absorbing an initial hit following Elon Musk's purchase of Twitter, Russia pausing its natural gas supplies to Poland and Bulgaria, NASA's SpaceX Crew-4 mission taking off, and more.
General Motors CFO on Q1 Earnings, Accelerated 'Electric Vehicle Journey'
General Motors reported a Q1 net income of $2.9 billion and a raise in their full-year guidance. This comes as the auto giant steps up production of its electric vehicles amid production headwinds. Paul Jacobson joined Cheddar News to talk about the earnings report and its ongoing electric vehicle strategy. "One of the things I'm most proud of is the fact that we're continuing to lean in and accelerate on our electric vehicle journey," he said. "When you think about it, we're going to produce 400,000 vehicles over the next two years by the end of 2023, and we'll have production capabilities up and will produce more than a million vehicles in North America alone in 2025."
Stocks End Mixed After Another Wobbly Day on Wall Street
Stocks ended with meager gains on Wall Street Wednesday, stabilizing after a sell-off in tech stocks a day earlier.
