cross-posted from: https://lemmy.world/post/19594676

Ad tech monopoly trial may hurt Google more than DOJ’s search case, experts say.

The budget deficit to the country’s GDP ratio was at minus 8.3 per cent in August, increasing from minus 7.6 per cent in June and minus 6.2 per cent in March and minus 4.1 per cent last December.

The budget deficit was at 84 billion shekels ($22.38 billion) this January to August, versus a surplus of 0.3 billion shekels ($79.9 million) in the same period last year.

While the country’s expenditures jumped 31.8 per cent year-on-year in the first eight months, revenues rose just 4 per cent, Israeli Finance Ministry data showed on Sunday.

In August alone, the budget deficit was at 12.1 billion shekels ($3.22 billion).

cross-posted from: https://lemmy.world/post/19496775

Source Nikkei article

Disney+ finally profitable but not making as much per subscriber as competition.

AXA, the multi-billionaire dollar insurance company, had been the target of a years-long effort led by Ekō, an international ethical-investing advocacy organization, pressuring it to unwind its holdings in the companies. In August, Ekō published an analysis showing AXA had unwound its previous holdings in Bank Hapoalim, Bank Leumi, and Israel Discount Bank. AXA has also not reinvested in previously held positions in Bank Mizrahi-Tefahot or First International Bank of Israel, two additional targets of the campaign.

The banks were listed in a United Nations database of companies deemed complicit in maintaining the illegal occupation of the West Bank. “Foreign businesses that invest in these banks are complicit in Israeli war crimes,” said Leili Kashani, a senior campaigner at Ekō.

Until September of last year, AXA held 2.5 million shares in the three designated banks, worth around $20.4 million. But by June of this year, the company had effectively zeroed out its holdings, Ekō found. AXA’s portfolio still includes a residual position of 16,290 shares of Bank Leumi stock. Profundo, an independent research organization which contributed to the report, attributed that holding to “reporting and internal accounting delays” and deemed the sell-offs a “full divestment.”

Paramount has reduced the book value of its cable channels by $6 billion.

Sports, broadcast TV and $1 billion in digital commitments paced Paramount Global's overall upfront ad performance, Co-CEO Chris McCarthy said.

Was Intel hiding its big problems all along?

The app problems are having a ripple effect within Sonos. In addition to the remediation that will cost Sonos up to $30 million, the company is also delaying two hardware releases.

Spence said:

>The app situation has become a headwind to existing product sales, and we believe our focus needs to be addressing the app ahead of everything else. This means delaying the two major new product releases we had planned for Q4 until our app experience meets the level of quality that we, our customers, and our partners expect from Sonos.

Sonos didn't specify the devices affected, but Sonos has been rumored to be planning a new flagship soundbar to succeed the Arc.

With these delays in mind, Sonos expects $240 to $260 million in fiscal Q4 revenue, compared to $397.1 million in fiscal Q3 2024 and $305.1 million in fiscal Q4 2023.

cross-posted from: https://lemmy.world/post/18438141

A Tennessee law firm paid people with disabilities $200 to visit targeted businesses, then sent demand letters threatening to sue if the property owner.

Warner Bros. Discovery in its earnings says its TV assets are worth $9 billion less than it had assessed, because of weak advertising and the NBA.