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Fox News Loses Nearly $1 Billion in Value after Firing Tucker Carlson
Fox Corporation’s market value tumbled by almost 5% on Monday, erasing $930 million, after announcing that Tucker Carlson was leaving the network.
Shares of the media company pared the losses slightly and were trading at $29.61, down almost 4% at noon eastern.
The split between Carlson and Fox News comes just a week after the network settled a defamation lawsuit with Dominion Voting Systems for...
Get Woke, Go Broke: Netflix Shares Plummet to All-Time Low
Netflix has closed out its worst year in more than a decade, with its stock plunging more than 50 percent and wiping out a staggering $136 billion in market value.
For 2022, Netflix shares dropped 50.6 percent, the most the stock has declined on an annual basis since 2011. For the first time, the once-invincible company lost subscribers for two consecutive quarters, ushering in a period of painful...
China cries foul as EU probes alleged dumping by Chinese solar panel makers
China claims restrictions on solar panels exports would hurt the global clean energy sector after the EU Commission launched a probe into suspected dumping by Chinese panel makers.
The investigation by the Commission was triggered by a group of 25 European solar companies in Germany, Italy and other EU countries, which filed the biggest anti-dumping claim.
The group, led by Germany’s SolarWorld,...