Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ending June, Microsoft, Sony and Nintendo each posted … Read more

Stocks head into August with a tailwind, as investors await jobs data and a slew of earnings

From Caterpillar to Amgen, dozens of large companies report earnings in the coming week, but it may be big economic data, like Friday’s jobs report, that takes over as a major market catalyst. Monthly employment reports are always important, but the next few may be even more so. Federal Reserve Chairman Jerome Powell made it … Read more

Snap, Apple, Amazon, Disney, McDonald’s

Here are Monday’s biggest calls on Wall Street: Deutsche Bank reiterates Apple as buy Deutsche said in an earnings preview note to clients that Apple’s results should be solid when the company reports results later this week. “We expect F3Q (Jun) results to be largely in line with DB/Street estimates showing low-single digit growth y/y … Read more

Apple among the names reporting next week that typically beat on earnings, boosting shares

The busiest week of the corporate earnings season is around the corner, and there are some companies that tend to outperform expectations and see their stocks pop. More than 150 S & P 500 components are slated to report next week, including Apple, Alphabet and Chipotle Mexican Grill. So far this earnings season, about 20% … Read more

Activision Blizzard workers forming second union before Microsoft deal

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images A group of software testers at Activision Blizzard have formed the company’s second union, months before Microsoft is expected to close its nearly $ … Read more

Microsoft’s $69 billion Activision takeover faces competition probe in the UK

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard’s games character. Dado Ruvic | Reuters The UK’s competition watchdog on Wednesday opened an investigation into Microsoft’s acquisition of video game publisher Activision Blizzard. It marks one of the first probes by a major antitrust enforcer into the $ 68.7 billion deal, which … Read more

Activision Blizzard shareholders approve proposal for report on abuse

Robert “Bobby” Kotick, chief executive officer of Activision Blizzard Inc., speaks during an interview in New York, US, on Wednesday, Nov. 10, 2010. Activision Blizzard Inc., controlled by Paris-based Vivendi SA, released “Call of Duty: Black Ops” worldwide yesterday and plans a new release of their “World of Warcraft” game in December. Jin Lee | … Read more

Immortal in China; shares fall

The NetEase Games booth at the China Joy conference in Shanghai on July 30, 2021. Arjun Kharpal | CNBC On China’s Twitter-like service Weibo, the official account of Diablo Immortal is banned from posting for “violating relevant laws and regulation.” It’s unclear which rules the account has broken. NetEase declined to comment further on the … Read more

Microsoft is bringing Xbox Game Pass cloud streaming to smart TVs

People will be able to play Xbox Game Pass games over a cloud connection on 2022 Samsung smart TVs. Microsoft Microsoft is releasing an Xbox app for smart TVs, enabling consumers to stream Xbox video games even if they do not own consoles. Microsoft said Thursday that it will first bring the app to Samsung’s … Read more

Broadcom announces plans to buy VMware

Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Broadcom will buy VMware in a cash-and-stock transaction valued at $ 61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday. The deal would be one of the largest technology … Read more