Warner Bros. Discovery lowered its full-year profit outlook amid the ongoing double strike in Hollywood.
Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.PHILADELPHIA -U.S. President Joe Biden said on Monday that he did not think workers at the nation's three large automakers were likely to go on strike, despite a looming contract deadline later this month. "I'm not worried about a strike," the Democratic president said on Monday as he arrived in Philadelphia ahead of a speech for the U.S.
ABUJA, Nigeria — Some employees in government offices in Nigeria walked off their jobs Tuesday in protest of the growing cost of living due to the removal of gas subsidies, threatening to “shut down” Africa’s largest economy if their demands for improved welfare are not met. Made up of hundreds of thousands of members, the Nigeria Labor Congress workers association began a two-day “warning strike," their second in over a month.
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Warner Bros Discovery expects lower core profit due to impact from strikesThe 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.
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Warner Bros. Discovery warns of $300M-$500M hit from strikesWarner Bros. Discovery (WBD) is warning investors that its earnings may take a hit of $300 million to $500 million due the ongoing writers and actors strikes. In a regulatory filing, the company warns that 'while WBD is hopeful these strikes will be resolved soon, it cannot predict when the strikes will ultimately end.' Yahoo Finance Senior Reporter Alexandra Canal breaks down WBD's regulatory filing and the status of the Hollywood strikes.
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Goldman Sachs recession outlook, Arm IPO, Warner Bros. profit: 3 ThingsGoldman Sachs (GS) cut its recession forecast to a 15 percent probability the U.S. could go into a recession. Chipmaker Arm has been valued at $52 billion ahead of its much-anticipated IPO. Warner Bros. Discovery (WBD) cuts its full-year profit and earnings outlook, citing the impact of the Hollywood writers and actors' strikes on the production company.Yahoo Finance's Julie Hyman highlights several of the morning's top headlines.
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Beyoncé shines bright among Hollywood stars during Renaissance concert tour stop in Los AngelesThe second night of her epic Renaissance Tour show saw the massive SoFi Stadium filled with concertgoers wearing gleaming silver outfits
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Beyoncé shines bright among Hollywood stars during Renaissance concert tour stop in Los AngelesBeyoncé shined the brightest in a city full of Hollywood stars during the second night of her epic Renaissance Tour show on Saturday night.
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