Epic Games has announced new pricing changes for Unreal Engine, but game developers can breathe a sigh of relief as they will not be affected. During last year’s Unreal Fest 2023 conference, Epic CEO Tim Sweeney assured game developers that they would not be charged for using Unreal Engine. This promise has now been upheld….
The Challenges Faced by Direct-to-Consumer Companies The direct-to-consumer boom is coming to an end. A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer, or DTC, companies still struggle with profitability. “It’s that profitability angle now that…
Midday Stock Movements Roblox Roblox, a video game company, experienced a 10% surge in its stock after posting a loss of 52 cents per share. This was lower than the anticipated 55 cent per share loss projected by analysts. The company also surpassed revenue expectations, generating $1.13 billion compared to the expected $1.08 billion. New…
Technology Companies Embrace Discipline and Cash Distribution Technology firms are experiencing a familiar lesson from Wall Street: as they mature, their size tends to shrink. Both Meta and Amazon saw an increase in their shares on Friday, following their fourth-quarter earnings reports. Despite exceeding revenue estimates, investors were drawn to their ability to achieve more…
The Senate Hearing on Social Media Regulation Introduction During a Senate hearing on Wednesday, frustrated Senator Thom Tillis, R-N.C., warned top social media company leaders, including Meta CEO Mark Zuckerberg and TikTok CEO Shou Zi Chew, that they could be regulated out of business if they continue to fail in protecting children from sexual exploitation…
Commodities Trader Trafigura Assesses Security Risks of Red Sea Voyages Introduction Commodities trader Trafigura has announced that it is currently evaluating the security risks associated with future voyages in the Red Sea. This comes after a tanker, the Marlin Luanda, was attacked by Yemen’s Houthi group and subsequently extinguished by firefighters. Assistance Provided by U.S….
Key House Panel Approves $78 Billion Tax Package with Major Benefits for Companies Overview WASHINGTON — A $78 billion tax package with major benefits for companies took a significant step towards becoming law on Friday when a key House panel overwhelmingly approved the bill by a vote of 40-3. Proposed Changes The strong bipartisan showing…
Earnings Update: Fourth Quarter Expectations Earnings Update: Fourth Quarter Expectations Overview Fourth-quarter earnings season is kicking off with a mix of good and bad news. The bad news is that earnings estimates for the S & P 500 in the fourth quarter have dropped considerably. Health care and financial sectors have experienced substantial declines, while…
Asia’s Markets Expected to Continue Strong Performance in 2023 Asia’s markets are expected to continue powering ahead this year, despite a rocky 2023. Most investors may already know which were the best — and worst — performing markets last year. (If not, read here.) But HSBC Global Research recently revealed lesser known facts about Asian…
SpaceX Awarded Contract for Starshield Network Introduction The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing. The Starshield network is a military-specific version of SpaceX’s Starlink satellite internet system, according to the defense agency. This contract marks a significant milestone for the company in the defense sector….
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