Rafael Henrique | SOPA Images | LightRocket | Getty ImagesDisney said Wednesday that it had agreed to buy Comcast's one-third stake in streaming service Hulu, a long-expected outcome.Disney said it expects to pay Comcast's NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion for...
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Top Wall Street analysts remain optimistic about these five stocks
The Netflix logo is seen on a TV remote controller in this illustration taken Jan. 20, 2022.Dado Ruvic | ReutersAs the earnings season rolls on, investors are getting a glimpse into how companies are handling an array of macro pressures.Analysts can pick apart these quarterly reports and help investors identify...
UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China
Bletchley Park was a codebreaking facility during World War II.GettyThe U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country's ambition to lead in the technology as it races to catch up to the U.S. and China.The University of...
Private sector payrolls rose 113,000 in October, less than expected, ADP says
Private sector payroll growth increased modestly in October but missed expectations, in a potential sign that the employment picture could be darkening, ADP reported Wednesday.The payrolls processing firm said that companies added 113,000 workers for the month, higher than the unrevised 89,000 in September but below the Dow Jones consensus...