Swedish entertainment company buys rights to 'Lord of the Rings' films and other Tolkien intellectual property
Embracer Group has bought the rights to some Tolkien intellectual property, including movies, video games and theme parks.
CNBC Technology
Crypto broker Genesis slashes 20% of workforce and announces CEO exit after loans soured
Genesis CEO Michael Moro is leaving and the company is cutting jobs after losing money from loans to bankrupt hedge fund Three Arrows Capital.
As gaming sales slump, China's Tencent signals a hot ad trend it's betting on
Tencent said advertising in its nascent short video platform could become a "substantial" revenue source as other areas of its business face pressure.
Apple reportedly in talks to make Apple Watches and MacBooks in Vietnam
Apple is reportedly in talks to produce some of its Apple Watches and MacBooks in Vietnam
WWE discovered Vince McMahon paid $5 million to Donald Trump’s foundation, report says
Vince McMahon paid $5 million of around $20 million previously unrecorded expenses to Donald Trump's foundation in 2007 and 2009, WSJ reported.
Cisco tops estimates on revenue and profit and gives optimistic annual sales forecast
Cisco said revenue will grow by about 5% in the new fiscal year, accelerating from 3% in the year that just ended
'Flash' star Ezra Miller's apology is not a get-out-of-jail-free card, experts say
Ezra Miller has apologized and announced they are undergoing mental health treatment as Warner Bros. grapples with how to handle the release of "The Flash."
Tencent, the $370 billion Chinese tech giant, posts first ever revenue decline
Tencent posted its first ever quarterly year-on-year revenue decline as stricter regulations around gaming in China and a resurgence of Covid hit the tech giant.
Manchester United shares briefly pop 17% in premarket after Elon Musk jokes about buying the club
Shares of the English soccer club Manchester United Plc briefly rose by as much as 17% in premarket trading on Wednesday.
Nuclear waste recycling startup wants to solve the 'ball and chain' problem holding back nuclear
Ed McGinnis worked at the Department of Energy for 30 years before becoming CEO of Curio, a startup with a goal to reinvent nuclear waste recycling in the US.
Apple and Meta headsets could face a big challenge: Sticker shock
Apple and Meta are developing technology for mixed reality that requires a lot of expensive parts and a powerful headset.
BlackRock makes $700 million investment in Australian battery storage
BlackRock says Akaysha has plans to develop energy storage projects in a range of Asia-Pacific markets.
Amazon workers at warehouse near Albany file petition for union election
Workers at the facility, which is located in the New York town of Schodack, are seeking to be represented by the Amazon Labor Union.
Trump-linked SPAC Digital World Acquisition postpones earnings report after seeking to delay merger
Digital World Acquisition Group, the SPAC that plans to merge with Trump Media and Technology Group, requested a delay in its earnings report.
CNBC Chairman Mark Hoffman to step down in September
CNBC Chairman Mark Hoffman will step down next month after running the network since 2005.
Amazon workers walk out over pay, safety concerns at major California air hub
Workers are calling for higher wages and safety improvements, citing "suffocating" temperatures inside the facility.
Democratic lawmaker accuses Google of failing to police deceptive ads
Blumenthal said his staff found the same type of deceptive ads violating Google's policies that it said it removed after a 2021 investigation by The Markup.
Amazon is raising seller fees for the holidays to manage through surging inflation
Amazon is increasing fees paid by sellers who use its shipping services as the company contends with rising costs.
Amazon accuses FTC of harassing Bezos and Jassy in Prime investigation
Amazon is seeking to quash civil investigative demands from the FTC, including ones issued to Amazon founder Jeff Bezos and CEO Andy Jassy.
Apple reportedly lays off 100 contract recruiters after committing to hiring on a 'deliberate basis'
Apple has laid off about 100 contract-based recruiters in the past week in an effort to slow hiring and spending.
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