Is the “year of efficiency” Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday’s highs after Bloomberg reported that Zuckerberg is set to reduce metaverse spending up to 30%. The metaverse group, which works on the company’s virtual “Horizon World” environment and…
PRAGUE — Theodor Pištěk, a Czech costume and stage designer and painter who won an Academy Award for his work on the 1984 film “Amadeus,” has died. He was 93. His death was announced on Thursday by the town of Mukařov, just east of Prague, where he lived and was confirmed by his family to…
What a difference this weekend will make. The college football regular season is over, and the College Football Playoff is (sort of) beginning to take shape. There are still a number of spots left to decide, many of which will become clear after championship weekend. Like last year, this year’s CFP will feature a 12-team…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Here’s a quick, informal test I use when I’m talking to a professional asset manager about their investing philosophy. I ask them why does a stock go up a lot? They joke back…
A bus passes near Warner Bros. Studio on Sept. 12, 2025 in Burbank, California. Mario Tama | Getty Images Paramount Skydance is calling foul on how Warner Bros. Discovery has conducted its sale process. In a letter reviewed by CNBC, Paramount attorneys told Warner Bros. Discovery CEO David Zaslav that Paramount was questioning the “fairness…
Check out the companies making the biggest moves midday: Meta Platforms — The Facebook and Instagram parent advanced 4%. Managers led by CEO Mark Zuckerberg are weighing cuts as deep as 30% in Meta’s “metaverse group” in 2026, Bloomberg reported. Kroger – The Cincinnati-based supermarket chain dropped 6.5% after third-quarter revenue lagged Street estimates, identical…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Stocks were little changed Thursday as Wall Street overlooked mixed labor market data. U.S. layoff announcements in November pushed the year’s total above 1.1 million, the highest level since…
WASHINGTON — AMC Entertainment CEO Adam Aron suffered a minor stroke last month but is recovering rapidly and will continue to lead the world’s biggest movie theater chain, the company said Thursday. Aron, 71, suffered the stroke while on a business trip in London, where he immediately received emergency medical care, the company said. Besides…
PHILADELPHIA — The talent is there, and they know it. That’s what’s really worrying the Philadelphia Eagles. They brought back almost the same entire group that rolled to a Super Bowl championship last season — 10 of 11 starters from the No. 8 offense in the league. And yet it’s just not working. They know…
Fully electric battery powered ALIA CTOL, CX300 single engine airplane, manufactured by Beta Technologies, performs during the 55th edition of the International Paris Air Show (Salon international de l’aeronautique et de l’espace – SIAE) at the ParisLe Bourget Airport, in Le Bourget, north of Paris, France on June 18, 2025. Mustafa Yalcin | Anadolu |…
