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This basket consists of companies tied to modern and traditional romance in the US.
Signet Jewelers online-only brand JamesAllen.com just got into brick-and-mortar with a tech twist.
Data thieves’ tactics are getting more ingenious and more intrusive, as Marriott’s Starwood database breach adds to a string of large-scale corporate data intrusions.
Edward Norton's start-up, EDO, is trying to bring analytics tools to the film and TV industry and help push them deeper into the the digital age. If the technology works, media companies will have better data to inform what shows they should create.
No company wants their proposed deal to become a political football in the 2020 presidential campaign. Plus, it will take some time for capital markets to digest megadeals like AT&T-Time Warner and Disney Fox. A possible recession is another wild card.
The pattern began in September and has seen growth stocks punished disproportionately—with technology shares suffering some of the worst carnage. Included in that group are a number of market leaders that recently reported beats on revenue and earnings, along with raised forward guidance. Among the tech and communications-services leaders that have topped profit forecasts and boosted guidance are (NFLX) (ticker: NFLX), (PANW) (PANW), (CRM) (CRM), and (INTC) (INTC).
LOS ANGELES—The sale of major assets of 21st Century Fox Inc. will create two juggernauts of programming, Walt Disney Co. and Comcast Corp., that will tower over a rapidly consolidating media and entertainment landscape, according to a report by Ampere Analysis. Disney’s $71 billion deal to acquire Fox’s film and television divisions and Comcast’s agreement to buy the pay-TV operator Sky PLC will create companies that together control nearly 40% of all programming spending in the U.S., the analysis found. The findings underscore how traditional Hollywood studios are responding to the threat posed by Netflix Inc., which has pledged to spend $8 billion on programming and helped drive Disney to buy Fox in the first place.
Retail, banking and some tech companies paced another broad slide in U.S. stocks today. Microsoft is outperforming many fellow Dow Jones industrial components, including Apple.
In the stock market today, indexes were firmly lower Friday as Wall Street weighed a weaker-than-expected November jobs report. Tesla reversed lower.
On December 7, the US November jobs report was released. The report showed 155,000 jobs additions—compared to the consensus expectations of 198,000. The October non-farm payroll data were also revised downwards.
Netflix just broke new records on consumer spending in its mobile apps, according to new data app intelligence firm Sensor Tower has shared with TechCrunch. In November, Netflix pulled in an estimated $86.6 million in worldwide consumer spending across its iOS and Android apps combined - a figure that's 77 percent higher than the $49 million it generated last November. Before, the biggest month Netflix had to date was July 2018, when it grossed an estimated $84.7 million.
Signet Jewelers (SIG) reported stronger-than-expected fiscal 2019 third-quarter earnings results. Cowen lowered its target price to $46 from $70. Meanwhile, RBC reduced its target price on SIG stock to $46 from $69.
Signet Jewelers’ (SIG) reported net sales of $1.19 billion came in ahead of analysts’ estimate of $1.16 billion and increased 3.0% on a YoY (year-over-year) basis. Signet’s net sales benefited from improved comps (1.6%) driven by clearance sales. Its double-digit e-commerce sales growth rate led by its James Allen acquisition further supported its net sales. However, store closures, unfavorable currency rates, and a shift in the timing of its promotions remained a drag.