Uber's future is now its past, one of Warner Bros' biggest directors is mad as hell and the Nasdaq reached a new record.
There was a time when Uber (NYSE: UBER) told investors that its future was in self-driving cars. That future is now the future of Aurora, a start-up that just bought Uber’s self-driving car division. Uber is now chasing profitability and the division has turned into a legal and financial headache for the company so it is dumping it. Click here to read more.
The director of movies like Tenet, The Dark Knight and Inception has made about $5.1 billion for AT&T’s (NYSE: T) Warner Bros and he is very upset by the company’s decision to stream new releases on HBO Max. Christopher Nolan described HBO Max as the “Worst Streaming Service” and said Warner Bros does not understand what it will lose by its actions. Nolan is as influential as they come in Hollywood and if he can rally his colleagues to his cause, it may spell serious problems for Warner Bros. Click here to read more.
The S&P 500 and the Dow fell from highs yesterday as investors decided to catch their breath after last Friday’s record close. The Nasdaq, however, outperformed the other indexes and jumped to a new record closing up 0.45%. Click here to read more.
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