Author: Anthony M. Orbison

The entertainment sector is made up of companies that produce and distribute media content, operate theme parks, and provide leisure activities. This includes film studios, streaming services, video game developers, and live entertainment venues. Entertainment stocks represent ownership in these companies traded on public exchanges. The sector has undergone significant changes with the rise of digital streaming and interactive entertainment. Investing in entertainment stocks can offer several potential benefits. These companies often have strong brand recognition and loyal fan bases. Many entertainment firms have recurring revenue models through subscriptions or franchises. The sector can be resilient during economic downturns as…

The cryptocurrency market started the month of October on a rather volatile note. Bitcoin (BTC) led the September rally, surged to a high of over $66,000, and Shiba Inu (SHIB) and Dogecoin (DOGE) also made headlines. SHIB, for instance, surged by 27% over the past week, while DOGE saw a 10% uptick.Also Read: Shiba Inu: What A $100 Investment During Its Launch Net You Today?Performance Of Bitcoin, Dogecoin, And Shiba Inu Over The Past YearImage Source: Watcher GuruBitcoin’s PerformanceIn line with the past month, most of these assets also had a great year. Dogecoin witnessed a 90% surge over the…

Beata Zawrzel / NurPhoto via Getty ImagesKey TakeawaysCVS Health reportedly is considering potentially separating its retail pharmacies and Aetna health insurance operations.The company’s board is reviewing a number of options as it looks to improve its profitability after recent quarters have seen CVS lower its full-year outlook, Reuters and The Wall Street Journal reported.The chain’s management reportedly met with hedge fund Glenview Capital Management, which owns roughly 1% of CVS’s shares, on Monday to discuss ideas to improve the business.CVS Health (CVS) reportedly is considering a breakup of its retail pharmacies and Aetna health insurance unit amid struggling results and…

Nvidia shares surprised investors by opening Monday in a surprising slump. The shares fell 2.6% to $118.29 on a report that China was telling local developers of artificial intelligence applications to use only Chinese-made chips in their products. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterChina is an important market for Nvidia  (NVDA)  products. Sales to China totaled $6.1 billion, or about 11% of its first-half revenue.Related: Analysts revamp stock price targets on top Warren Buffett stock (hint: It’s not Apple)But as the day went on, the intensity of the story seemed to wane. As a result, Nvidia recovered all those…

. Ripple, the San Francisco-based blockchain company, has made a significant move in expanding its presence in the Middle East. The company recently announced that it has received in-principle approval from the Dubai Financial Services Authority (DFSA), the regulatory body overseeing various financial activities in Dubai. This approval paves the way for Ripple to broaden its enterprise-level digital asset solutions and extend its reach across the UAE. As the region becomes increasingly important in the global fintech landscape, Ripple is positioning itself to take advantage of Dubai’s favorable business climate and strategic location. Brad Garlinghouse, Ripple’s CEO, emphasized the significance…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Senior European policymakers and economists have sharply criticised the German government over its opposition to a takeover of Commerzbank by Italian rival UniCredit, arguing its protectionist approach ran counter to fundamental EU principles.“Cross-border consolidation of banks should not be seen as a political issue. It is technical issue,” the Bank of Greece governor Yannis Stournaras told the Financial Times. “It shouldn’t matter whether it’s a German bank or an Italian bank. What matters is that it is strong European bank.”Chancellor Olaf Scholz…

Investing.com – Paychex (NASDAQ: ) reported first quarter EPS of $1.16, $0.02 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.32B versus the consensus estimate of $1.31B. Paychex’s stock price closed at $134.19. It is up 14.17% in the last 3 months and up 17.94% in the last 12 months. Paychex saw 0 positive EPS revisions and 11 negative EPS revisions in the last 90 days. See Paychex’s stock price’s past reactions to earnings here. According to InvestingPro, Paychex’s Financial Health score is “great performance”. Check out Paychex’s , and Paychex’s financials here. Stay…

Any further losses can confirm an up-channel breakout on the daily chart. The derivatives data indicated a cautious but slightly bullish sentiment among top traders, which could stabilize the current uptrend. Avalanche [AVAX] continued its uptrend within an ascending channel over the past few weeks. After breaking above the 50-day EMA, the bulls secured a steady uptrend and propelled the price toward the 200-day EMA. However, the recent price action suggested the potential for a pullback as it approached key resistance levels. AVAX traded at $28.29 at press time, down by around 2.51% in the last 24 hours. Despite this…

Facebook parent Meta will produce its next-generation virtual and augmented reality headsets in Vietnam, creating more than 1,000 jobs, the company said Tuesday. The announcement comes as Vietnam looks to boost its attractiveness as a destination for investment by the world’s biggest companies and a key part of the global supply chain. Speaking at a tech conference in Hanoi, Meta’s global affairs president Nick Clegg said the firm would focus on the production of the Quest 3S headset in the Southeast Asian country. “We will, with our local partners, be manufacturing them here in Vietnam, and we estimate that this…

It’s another week in the automotive industry, and analysts are scrutinizing General Motors  (GM)  stock. Citibank has some color on some Chinese EV brands, Morgan Stanley is not optimistic about Rivian  (RIVN)  and Ford  (F) , and Tesla  (TSLA)  bulls are ready to let loose. Close-up of the Chevrolet logo on top of the Renaissance Center. Roberto Machado Noa/Getty Images Motors Generally [Not so] GoodLast week, Bank of America analyst John Murphy wrote in a note that General Motors is looking to show that it is headed in the right direction within the evolving automotive industry.He wrote that he expects GM…