Biden-Harris Tax Proposal on Unrealized Capital Gains

CNBC hosts clash with Harris campaign adviser over Biden-Harris tax proposal that includes a tax on unrealized capital gains. Debate over fairness and constitutionality of the proposal.

Proposed $12 Billion Casino Complex in Hudson Yards

A $12 billion casino complex called Wynn New York City is proposed in Hudson Yards, Manhattan, featuring a 5.6-acre park and a casino skyscraper. The project aims to blend in with the High Line park and the waterfront, generating revenue and creating jobs, but faces opposition from some local communities and officials.

Lowe’s Financial Performance

Lowe’s slashes full-year forecast due to drop in sales and gloomy outlook, citing high inflation and interest rates. CEO mentions customers waiting for interest rate cuts. Despite challenges, Lowe’s beats Wall Street expectations in adjusted earnings but falls short in revenue. Net income drops compared to the previous year.

Trump Media Stock Performance

Shares of Trump Media fell to their lowest price since the completion of a merger with Digital World Acquisition Corp. The stock has lost nearly half of its value since mid-July, and the company reported a loss of over $16 million for the fiscal quarter ending June 30.

Challenges Facing Disney Theme Parks

Disney theme parks are facing challenges due to reduced consumer spending and higher costs, impacting the company's growth. Despite this, Disney's overall revenue increased with solid performance in movies and streaming services.

Impact of Olympics on Business in Paris

Business in Paris is down during the Olympics, with shops, restaurants, and cafes experiencing significant declines. Tourists are not venturing out to other attractions, leading to decreased revenue for local businesses.

Amazon's Q2 Earnings Report and Forecast

Amazon reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the current period. The company is facing challenges in its core retail business due to competition from discount sites like Temu and Shein. While online store sales grew slowly, third-party seller services revenue accelerated. AWS beat estimates, but the unit is expanding slower than competitors like Microsoft and Google. Amazon's advertising revenue grew, with most sales coming from sponsored product listings. Net income doubled due to cost-cutting efforts. Weak guidance is attributed to consumer distractions from world events like the Olympics and the attempted assassination of Donald Trump.

AI Domain Business in Anguilla

Anguilla, a tiny Caribbean nation, has seen a significant increase in revenue by selling domain registrations for .ai domain code to AI companies. The revenue has grown from 4% to over 20% of the government's income, totaling around $32 million in 2023.

Elon Musk's Efforts to Rebuild Relationship with Advertising Community

Elon Musk addressed controversies and challenges surrounding X/Twitter at the Cannes Lions International Festival of Creativity, emphasizing commitment to free speech over revenue and efforts to rebuild relationships with advertisers.

Elon Musk's Plan to Transform X (Formerly Twitter) with Payment Platform

Elon Musk plans to transform X (formerly Twitter) into an 'everything app' with a payment platform similar to PayPal. New documents reveal X's financial struggles since Musk acquired it, with revenue falling by nearly 40%. X is seeking money transmitter licenses for its new payment service, X Payments.

Congestion Pricing Program in Manhattan

Controversial congestion pricing program in Manhattan aims to ease traffic by charging motorists $15 to enter busiest parts of the city.

Impact of Apple News+ on Digital Publishers

Apple News+ emerges as a significant source of income for digital publishers amidst declining traffic and revenue from Facebook and Google. The platform provides direct revenue and increased audience reach, supporting struggling publications. However, critics argue that Apple's partnership program is essentially a slush fund for fake news peddlers in corporate media.

Trump Media & Technology Group and Truth Social Platform

Trump Media & Technology Group (TMTG) reported substantial early losses but remains optimistic about the long-term success of its Truth Social platform. The losses were inflated by one-time expenses related to the merger, and the company aims to prioritize growth over immediate profits by investing in user acquisition and technological innovation.

Apple's Decline in iPhone Sales and Future Plans

Apple reports a 10% drop in year-over-year iPhone sales for the January-March period, resulting in a 4% decrease in revenue. Despite the decline, Apple's profit slightly exceeded analyst projections. The company plans to increase its quarterly dividend and buy back $110 billion in stock. Apple's shares rose 7% in extended trading. The company is expected to unveil more AI services in June to differentiate itself in the industry.

AARP's Financial Relationship with UnitedHealth Group

AARP has shifted towards generating revenue through its relationship with UnitedHealth Group rather than relying on member dues. This has raised concerns about conflicts of interest and financial priorities of AARP. The report highlights how AARP's financial interests may compromise its advocacy for seniors.

Amazon's First Quarter Earnings Report

Amazon reported better-than-expected earnings and revenue for the first quarter, driven by growth in advertising and cloud computing. The company's operating income soared over 200% and net income more than tripled compared to the previous year. AWS accounted for 62% of total operating profit.

Warner Bros. Discovery Stock Price Decline

Warner Bros. Discovery stock price has drastically declined due to concerns about its streaming and cable business, despite owning popular brands like CNN and HBO. The company faces challenges from the decline in cable subscriptions and increasing competition from platforms like Netflix and TikTok. However, its direct-to-consumer segment is growing with over 97.7 million subscribers. Warner Bros. Discovery also faces significant debt but is seen as undervalued compared to its peers. The stock is currently in a bearish trend but shows signs of a potential bounce back.

Netflix's decision to stop reporting subscriber numbers

Netflix will stop reporting quarterly subscriber numbers and average revenue per member, focusing on revenue, operating margin, and engagement metrics instead. The company will also focus on new revenue streams and features.

Netflix to Stop Reporting Quarterly Subscriber Numbers

Netflix will stop reporting quarterly subscriber numbers starting in 2025 to focus on other metrics like revenue, operating margin, and engagement. This change in reporting strategy aligns Netflix with some of its competitors like Apple and Amazon who do not disclose subscriber data.

Caitlin Clark WNBA Draft Controversy

Caitlin Clark, the most famous female athlete in women's sports, was drafted #1 overall in the WNBA but controversy arose over her contract which some feel is inadequate. Critics argue that women need to support the WNBA more to increase revenue and player salaries.

Trump Media Stock Plunge and Financial Details

Shares of Trump Media plunged more than 15% after the company filed to issue millions of additional shares of stock. Trump Media's share price has fallen over 62% since going public. Company predicts to receive $247.1 million from exercising warrants. Trump owns nearly 60% of the company's shares, currently worth over $2.2 billion. Trump encouraged followers to switch to Truth Social, which has not publicly disclosed user numbers, but reported a net loss of $58.2 million on revenue of $4.1 million in 2023.

Trump Media Stock Price Decline

Trump Media's stock price fell by 5.4% as of Thursday, with former President Trump owning the majority of shares. The company's market capitalization is $4.43 billion, despite low revenue and a net loss in 2023.

Mississippi Legislature Budget

Budget writers in the Mississippi Legislature set a revenue estimate of $7.6 billion for the year that begins July 1, which is a decrease of 1% from the current year. Legislators are in a session to finish writing the budget for schools, prisons, health care, and other services.

Criticism of Trump Media by Barry Diller

IAC and Expedia Chairman Barry Diller criticized Trump Media calling it a scam with no revenue, despite its high stock price. Trump Media has a $6.4 billion market cap with only $4.1 million in revenue and reported net losses of $58 million in 2023.

Trump Media & Technology Group shares slump

Shares of Trump Media & Technology Group, owned by former President Donald J. Trump, slumped more than 20% as the initial excitement around the company's public debut waned. Despite the drop, the company's market value remains around $6.5 billion.

Trump Media & Technology Company Financial Performance

Trump Media & Technology Company, the parent company of Truth Social, reported a loss of $58.2 million last year, disappointing investors who were expecting more losses. The company needs to focus on growing its user base and increasing revenue to justify its valuation.

Truth Social Goes Public

Former President Donald Trump's social media company, Truth Social, went public, providing him with a financial boost. However, the company's fundamentals do not justify the stock price, with low revenue and high losses. Analysts predict the stock price could plummet if Trump sells his shares or if he loses his bid to retake the White House.

Impact of Settlement on Zillow's Business Model

Zillow faces challenges after a settlement that could impact real estate agents' commissions, potentially leading to revenue drops and changes in business model. Analysts have mixed views on the company's future.

Tesla Inc. stock price and market performance

Tesla Inc. shares are heading for their lowest in nearly a year after a known Tesla bull cut his price target on the stock and warned of potential losses based on GAAP accounting. EV demand is slowing despite price cuts and competition from hybrids.

Meta to Stop Paying News Publishers in Australia

Meta, the parent company of Facebook, announced that it will stop paying news publishers in Australia, France, and Germany, drawing criticism from Australian government officials who argue that this move threatens the revenue of news outlets. The decision is seen as a dereliction of commitment to the sustainability of Australian news media.

Increase in Out-of-State Hunting License Fees in Wisconsin

Gov. Tony Evers signed a bill raising the cost of bow and crossbow deer hunting licenses for out-of-state residents in Wisconsin to generate additional revenue for the state's fish and wildlife account.

Anheuser-Busch's Revenue and Controversy with Bud Light Sponsorship

Anheuser-Busch reported record revenues in 2023 but faced challenges in the U.S. due to a boycott after partnering with transvestite Dylan Mulvaney. Bud Light sales dropped significantly, losing market share to Modelo Especial. The company faced backlash for its handling of the controversy.

Warner Bros. Discovery Inc. Fourth Quarter Performance

Warner Bros. Discovery Inc. shares hit a low after reporting lower-than-expected fourth-quarter revenue and profits due to declining TV advertising sales and weakness in its studios business. The company is facing challenges from the shift in TV viewing to streaming services and disruptions in the pay-TV ecosystem.

Rise of Machine Customers in Business

The age of machine customers is here, with billions of connected devices acting as customers for services and supplies. Companies need to be prepared for the rise of machine customers, as they are predicted to contribute significantly to revenue by 2030.

U.S. Sports Betting Industry Growth and Economic Impact

The U.S. sports betting industry saw a significant increase in revenue and total wagers in the past year, with notable growth in states like Ohio and Massachusetts. New Jersey remains a top state for sports betting but has faced economic challenges due to the gambling boom. A study highlighted the potential negative impacts of the gambling industry on the state's economy.