Author: Press Room
Governments and investors in the Middle East are pouring money into Western media and entertainment. US investors are eager to take the money as other funding sources have dried up. Insider broke down the sources of funding from Saudi Arabia, Qatar, and United Arab Emirates. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they’re finding plenty of takers.Attention has focused on investments from Saudi Arabia, which is pumping money into entertainment, tourism, and other industries to diversify its economy and present itself as a cultural reformer. Many…
Retail media will make $130 billion globally by 2025, according to a new Morgan Stanley report. Adtech firms that help retailers build retail media businesses will grab $26 billion from that market. Criteo and The Trade Desk stand to benefit the most, according to the report. By 2025, retail advertising will be $130 billion industry with retailers pocketing $104 billion and the adtech firms that work with those retailers grabbing $26 billion, according to a new note from Morgan Stanley. In a note published on April 4, Morgan Stanley analysts laid out how retailers like Amazon, Walmart, and Target will give…
AmpliTech Group, Inc. (NASDAQ:AMPG) Q4 2022 Earnings Conference Call April 10, 2023 4:00 PM ET Company Participants Shan Sawant – Director of Corporate Communications Fawad Maqbool – Founder and Chief Executive Officer Louisa Sanfratello – Chief Financial Officer Conference Call Participants Jack Vander Aarde – Maxim Group Richard Greulich – REG Capital Advisors Operator Good day, ladies and gentlemen, and welcome to AmpliTech Group’s Quarterly Investor Update Call, where the company will discuss its full-year results for 2022. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given…
Twitter’s ex-CEO Parag Agrawal and two other former executives are suing the Elon Musk-owned social media platform for failing to cover more than $1mn in personal legal expenses, including those related to an investigation by the US Department of Justice.Agrawal, Twitter’s former general counsel Vijaya Gadde and Ned Segal, former chief financial officer, were fired by Musk when he acquired the platform for $44bn in October.The trio claim that the company has “refused to acknowledge its obligations and to remit payment of any invoices”, after they personally incurred “significant expenses” responding to lawsuits and investigations related to their former positions.According…
The US State Department on Monday officially designated Wall Street Journal reporter Evan Gershkovich as wrongfully detained by Russia. “Today, Secretary Blinken made a determination that Evan Gershkovich is wrongfully detained by Russia,” State Department principal deputy spokesperson Vedant Patel said in a statement. The designation gives further backing to the assertions by the US government and the Wall Street Journal that the espionage charges against the reporter are baseless. It will empower the Biden administration to explore avenues such as a prisoner swap to try to secure Gershkovich’s release. His case will now be handled at the State Department…
By Denny Jacob Minim Inc. on Friday said Jeremy Hitchcock has been named executive chairman as Chief Executive Mehul Patel has stepped down to pursue other opportunities. The home networking products and software company said Mr. Hitchcock is the founder, chairman and former CEO of Minim and Dyn. Write to Denny Jacob at [email protected] Read the full article here
I’m happily married to my wife of 20 years. I am by no means a financial expert, but I do know more than the average investor. I do, however, worry about my in-laws. Unfortunately, my father-in-law has serious dementia and will probably need care soon. I’ve asked my mother-in-law to let me review their finances. They have a person who has managed their money for many years, but they are overly trusting, and I have no idea what he invested in or how much he charges for management fees. I believe they’ve done reasonably OK so far. My mother-in-law has not…
The State Department on Monday designated as “wrongfully detained” Evan Gershkovich, a Wall Street Journal reporter who was arrested by Russian security services last month and held on an accusation of espionage that the Journal and the U.S. government vehemently deny.Gershkovich’s case now shifts to a State Department section — known as the Office of the Special Presidential Envoy for Hostage Affairs — which is focused on negotiating for the release of hostages and other Americans classified as wrongfully detained in foreign countries. Officials said the speed at which the designation was reached was unprecedented, as it involves a lengthy bureaucratic process that typically takes…
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol (Reuters) -Amazon.com Inc said it would reduce employee stock awards, a part of its compensation plan, as the e-commerce giant navigates an uncertain economy. “We made the decision to reduce RSU (restricted stock units) awards in the final outlook year by a small amount (other years are not impacted),” an Amazon (NASDAQ:) spokesperson said in an emailed statement, without specifying the period of the final outlook year. The news comes weeks after Amazon announced a second…
LONDON (Reuters) – OPEC and its allies, including Russia, agreed on Sunday to widen production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand. The surprise announcement helped push up prices by $5 per barrel to above $85 per barrel. Here are the main reasons why OPEC+ is cutting output: CONCERNS ABOUT WEAK GLOBAL DEMAND Saudi Arabia has said voluntary output cuts of 1.66 million bpd on top of the existing 2 million bpd cuts were made as a precautionary measure aimed at supporting market stability. Russian deputy prime minister Alexander Novak said the Western banking…
