article thumbnail

SoFi Technologies, Charter Communications, Delta and more

CFO News Room

Charter Communications — Charter Communications dropped more than 13% after CEO Thomas Rutledge said at an investor event the company will invest $5.5 Caesars Entertainment , Penn Entertainment — Shares of Caesars fell 3%, and Penn lost 2.5% billion over three years to upgrade its high-speed internet network.

article thumbnail

AT&T, AMC Entertainment, UPS and more

CFO News Room

Take a look at some of the biggest movers in the premarket: AT&T (T) – AT&T announced plans to spin off its stake in the WarnerMedia/ Discovery Communications (DISCA) combination to its shareholders when that merger is completed later this year. AMC Entertainment (AMC) – The movie theater operator’s stock rallied 4.7%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Netflix, Snap, Warner Bros. Discovery, AT&T, Novavax and more

CFO News Room

Verizon , AT&T — The communication technology stock added 1% after Morgan Stanely upgraded it to overweight from equal weight , saying its shares were attractive compared with historical levels. Madison Square Garden Entertainment — Shares rose more than 2% after Morgan Stanley upgraded the stock to equal weight from underweight.

article thumbnail

ET Exclusive: Zee will sue Sony; promoter family to hike holding in Zee by 5 per cent, says Subhash Chandra

CFO News

This decision was communicated to Sony. I intend to convey this perspective to the Zee board as well, says Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises. Punit Goenka and the family collectively decided he should step aside, and the merger should proceed because it was beneficial for Zee.

article thumbnail

Entertainment Destinations Could Save Traditional Malls

PYMNTS

And now some developers, retailers and entertainment producers believe that immersive destinations could potentially fill millions of square feet of empty retail space. In addition, co-working sites are predicted to grow at retail properties at a rate of 25 percent through 2023, and are expected to account for around 3.4

article thumbnail

Big US Mall Operators Look To Sports Entertainment For Growth

PYMNTS

Allied Esports describes itself as “a premier esports entertainment company with a global network of dedicated esports properties and content production facilities.” And as this new Simon investment suggests, entertainment could also play a part in helping mall operators survive or perhaps even find growth.

article thumbnail

Apple, DraftKings, Biogen, Williams-Sonoma and more

CFO News Room

The firm said it sees “sustained headwinds” the communications tool and messaging company. Live Nation Entertainment — Live Nation’s stock moved 1.1% The bank said shares are due for a breather after rallying more than 150% following the passage of the Inflation Reduction Act. Twilio — Twilio slid 2.6%