Twitter COO Anthony Noto is leaving the social media company in March for SoFi, a personal finance start-up. Effective March 1st, Noto will become CEO of SoFi, and Twitter's COO role will be filled by “other members of Twitter’s leadership team,” according to the company. Twitter shares tumbled following the announcement.
Netflix reports huge subscriber growth, adding more than 8 million customers worldwide in Q4. The earnings report painted a picture of a very successful 2017, with plans to invest much more next year. The streaming company credits its growth to an increase in original content.
Actors Debra Messing, John Cho, and director Aneesh Chaganty join us from the Sundance Film Festival to talk about their new movie "Search." The film tells the story of a father looking for his lost daughter through various means of technology. Most of the movie takes place on a laptop screen. Debra Messing and John Cho say they were excited for this film because of its unique storytelling. Chaganty says the movie took a year and a half to edit, whereas a typical movie only takes about four months.
And Kim Lopdrup, CEO of Red Lobster Seafood Co., talks about the big changes you can expect at its restaurants across the country. The company is introducing a new menu, a new look at its restaurants, and sustainability efforts across the board.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
