October 12, 2021
Communications services companies experienced a modest increase in value as traders sought to capitalize on gains within the sector. The SPDR Select Sector Communications Services exchange-traded fund, which closely mirrors the performance of the communications-services industry group of the S&P 500, has shown a notable 44% increase year-to-date. This places it just behind the tech industry group in terms of growth.
New York Times Embraces Artificial Intelligence with New Editorial Director
In a demonstration of its commitment to the potential advantages and risks of artificial intelligence (AI), The New York Times has appointed an editorial director specifically for AI initiatives. This move underscores the growing exploration of AI within major news organizations as they seek to harness its capabilities.
Netflix Shares Viewer Engagement Report for First Half of the Year
Streaming giant Netflix has recently released its inaugural engagement report, providing insight into viewership trends for its top programming during the first six months of the year. This report serves as an informative resource for content creators and industry professionals, shedding light on the popularity of various shows and series.
Google Faces Setback Following Antitrust Case Loss
Alphabet’s Google suffered a significant blow when it lost an antitrust case concerning the market power of its app store. This development adds to Google’s existing legal challenges pertaining to its search dominance and ad tech business. The ruling highlights the scrutiny surrounding tech giants and their market influence.
AMC Entertainment Shares Decline After Equity Offering
The share prices of cinema chain AMC Entertainment took a hit following the completion of its latest at-the-market equity offering. The company successfully raised approximately $350 million through this measure. As AMC continues to navigate evolving market dynamics, investor sentiment remains an influential factor in its performance.
