Adobe Posts Strong Earnings. CEO Touts a ‘New Era of Generative AI’
Shares of Adobe have soared on the company’s plans for generative AI.
Bankrupt Vice Media in Sale Talks With Media Group GoDigital
GoDigital wants to buy Vice at a court-supervised auction that would also include the company’s top lenders.
Disney CFO Clashed With Executives Before Stepping Down
Christine McCarthy’s exit caught some colleagues and associates by surprise.
AI Won’t Kill the Music. Labels’ Stocks Look Like Buys.
Fears of AI are weighing on the shares of Universal Music and Warner Music, but that is overdone.
Virgin Galactic Shares Soar After First Space Tourism Flight Set
Shares of Virgin Galactic Holdings climbed in after-hours trading after the company said it is scheduled to begin commercial spaceline operations later this month.
Higher-Income Grocery Shoppers Are Shaking Off Higher Prices, Kroger Says
Continued spending among middle- and higher-income customers is helping offset reduced spending by lower-income shoppers at the biggest U.S. grocery-store operator by sales.
Cava Stock Soars 99% in Stock-Market Debut, Lifting Hopes for New Listings
The Mediterranean-style restaurant chain’s shares nearly doubled from the IPO price.
Ticketmaster, SeatGeek to Show Full Ticket Prices Up Front as Biden Targets ‘Junk Fees’
Two of the biggest U.S. ticket sellers plan to change how they display prices to concertgoers, moves aimed at simplifying the process of buying tickets.
Judge Splits Charges Against Sam Bankman-Fried, Sets Two Criminal Trials
The FTX founder faces a total of 13 criminal charges connected to the implosion of the cryptocurrency exchange. He is scheduled to go to trial on Oct. 2.
Prince Harry and Meghan, Spotify End Podcasting Deal
The audio company won’t renew the Duchess of Sussex’s ‘Archetypes’ podcast.
Source: Dow Jones Newswires