Roku inventory plummets to report drop after ‘horrible’ earnings

Shares of Roku Inc. fell to a record drop on Friday after the streaming company admitted a “significant drop” in ad spend helped push it to weaker-than-expected results and could linger beyond the near quarter. best. ‚ÄúConsumers have begun to curtail discretionary spending and advertisers have dramatically cut spending in the ad-distributed (TV ads purchased … Read more

US inflation rebounds and stays at 40-year excessive, key value gauge reveals

The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more

Roku Warning About Hassle within the Promoting Market. Shares are falling.

Font size Sales fell in Roku’s online music player business. Justin Sullivan / Getty Images Five is the latest victim of a slowing advertising market. Shares of the tethered TV company fell after the streaming company warned investors that slowing advertising and consumer spending would hurt sales. Five (ticker: ROKU) reported a second-quarter net loss … Read more

‘Stray’ – the online game the place you play as a cat – is disrupting the Web

The cat is out of the bag – and probably all over your Twitter feed. “Stray”, a new video game for Sony’s SONY, + 3.42% PlayStation and Microsoft MSFT, + 2.08% Windows, allows the player to explore an underground cyberpunk city like a ginger cat trying to find his way back to his family. The … Read more

‘Stray’ – the online game the place you play as a cat – is disrupting the Web

The cat is out of the bag – and probably all over your Twitter feed. “Stray”, a new video game for Sony’s SONY, + 3.42% PlayStation and Microsoft MSFT, + 2.08% Windows, allows the player to explore an underground cyberpunk city like a ginger cat trying to find his way back to his family. The … Read more

Client Value Index CPI reveals US inflation rises to new 41-year excessive of 9.1% as fuel costs rise

The numbers: Rising gasoline prices last month pushed the US inflation rate to a near 41-year high of 9.1%, offering early hope of help for Americans suffering from high costs of living. The consumer price index rose 1.3% last month to mark the third time in the past four months it topped 1%. Economists polled … Read more