The company now expects adjusted earnings for the full year to be in the range of $10.5 billion to $11 billion. It had previously expected adjusted earnings to be towards the low end of $11 billion to $11.5 billion. Warner Bros Discovery had previously provided financial guidance for 2023 expecting the strikes to be resolved by early September.
Warren Buffett, the billionaire investor who famously said that the best holding period for a stock is "forever," sold $13 billion in stock in the second quarter while buying less than $5 billion,...After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets.
Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsOpenAI CEO Sam Altman First Person to Get Indonesian Golden VisaZoltan Varga, -- US stock investors have gotten so confident that it’s concerning strategists at JPMorgan Chase & Co.