Investors piled into exchange-traded
funds tracking defense companies since October in anticipation
of increased military budgets in the U.S. and Europe due to
rising incidents of geopolitical.
Warner Bros Discovery says effects of strikes, lousy ad market to bleed into 2024 reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Box office smash "Barbie" helped Warner Bros Discovery top core quarterly profit estimates but the effects of two Hollywood strikes and a weak advertising market could hamper earnings into next year, company executives said on Wednesday.
In a call with investors, Comcast said it expects "somewhat higher" broadband subscriber losses in the fourth quarter. That would be at least triple the loss of 6,000 customers analysts had forecast prior to the call, according to FactSet. Comcast has over 32.3 million broadband customers.