The entertainment giant said it would raise prices for nearly all of its streaming plans and introduce “continuous playlists”—or channels showing a steady stream of curated content—on Disney+ later this year.
The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for artificial-intelligence services.
CEO Glenn Chamandy is focusing on ways to both optimize production by using underused capacity in places such as Latin America and improve product quality of the basic apparel that Gildan is known for.
BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal that would create a European asset-management giant.
ArcelorMittal reported a 38% fall in second-quarter earnings on lower steel prices and shipments but said it expected demand to improve in the second half of 2024.
Societe Generale shares slumped as the French bank’s weakness in its domestic retail business overshadowed better equities market dynamics that helped its second-quarter earnings top expectations.
