Amazon buying MGM for $8.45 billion, will 'reimagine' storied movie, TV brands
-Amazon.com Inc said on Wednesday it is buying MGM, the fabled U.S. movie studio home to the James Bond franchise, for $8.45 billion, giving it a huge library of films and TV shows and ramping up competition with streaming rivals led by Netflix and Disney+.The deal is designed to help Amazon supercharge its Amazon Prime Video service by keeping customers engaged and paying an annual subscription that also guarantees rapid delivery of purchases from its online store."The real financial value be
Cathie Wood loves the setup for her stocks after sell-off, expects big returns from her strategies
Ark Invest's Cathie Wood said the recent sell-off in growth-oriented areas of the market creates opportunity."I love this setup," she said Friday on CNBC's "Closing Bell." "The worst thing that could have happened to us is to have the market narrowly focus on just our ilk of stock — the innovation space."Wood envisions her strategies posting a compound annual rate of return between 25% and 30%.Cathie Wood, founder of Ark Invest, said Friday that the pullback in technology stocks is not a cause f
This sounds bad. May affect other industriesthat rely heavily on the chip supply
Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ
Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the Wall Street Journal reports.Taiwan’s semiconductor wafer-fabrication factories accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd .Taiwan