The Herb Alpert Foundation has donated $250,000 to the Entertainment Community Fund to aid idled film and TV industry workers during the ongoing Writers Guild and SAG-AFTRA strikes. A matching donation by an anonymous donor brings the total gift to $500,000. Related Stories Steven Spielberg & Kate Capshaw Donate $1.5 Million In Support Of Strikers Seth MacFarlane Donates $1 Million […]

European stocks are seen opening on a subdued note Thursday amid jitters over inflation and interest rate hikes. Investors may assess risks to inflation from rising oi prices, with crude oil breaching the $90 per barrel mark after oil producing countries agreed to extend supply cut till December this year. The dollar hit a six-month high as stronger-than-expected U.S. services […]

Netflix’s chief financial officer said today that ongoing Hollywood strikes are bad for the business, and the company is focused on getting back to work. “I think really kind of cutting through it, the main thing…is there’s a lot of folks out of work and the business isn’t moving forward,” chief financial officer Spencer Neumann said at a BoFA media […]

The Centers for Disease Control and Prevention or CDC has recommended everyone 6 months and older to get an updated COVID-19 vaccine ahead of the virus season this fall and winter. The agency expects the updated COVID-19 vaccines from Pfizer-BioNTech and Moderna, which was approved by the U.S. Food and Drug Administration earlier this week, to be available later this […]

Early cues from the U.S. Futures Index suggest that Wall Street might open in negative territory. Asian shares closed mixed, while European shares are trading lower. As of 7.45 am ET, the Dow futures were down 82.00 points, the S&P 500 futures were declining 10.50 points and the Nasdaq 100 futures were sliding 42.25 points. The U.S. major averages finished […]

The stock of consumer goods major Emami has corrected nearly 3.5 per cent  since its 52-week high of Rs 546.25. On August 29, the stock closed at Rs 521.90 on the BSE. After underperforming the Nifty FMCG index for a long time, the stock is now doing a catch up and surged over 13 per cent in the past one […]

Europen shares are lower in the mid day trading on Wednesday with much weakness in London and Paris following mixed trading in Asian markets and negative Wall Street sentiment. Investors continue to worry about the global economy and rising crude oil prices, and are anxious towards trade and inflation data due from China later in the week. As per economic […]

Asian markets finished trading on a mixed note on Wednesday amidst concerns about growth in China as well the broader world economy. A rise in crude oil prices also weighed on sentiment. China’s Shanghai Composite Index gained 3.71 points or 0.1 percent to finish trading at 3,158.08. The day’s trading ranged between 3,162.15 and 3,136.90. The Shenzhen Component Index shed […]

A group of New York City pension funds, along with others from the state of Oregon, have sued Fox Corp. and its officers and directors for “consciously disregarding defamation risk.” Fox News 2020 election coverage promoted “political narratives without regard for whether the underlying factual assertions were true or based on sources worthy of credit,” opening the company to litigation. […]