call

First major Wall Street bank to call a U.S. recession says 'the pessimists will sadly prevail'

First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’

Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, is running through its list of pros and cons for why the world’s largest economy might achieve a soft landing — and coming to the conclusion that it won’t. “Our view is that the pessimists will sadly prevail …

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Microsoft will keep Call of Duty on PlayStation for ‘several more years’ beyond existing deal

Microsoft will keep Call of Duty on PlayStation for ‘several more years’ beyond existing deal

Microsoft is committing to keeping Call of Duty on PlayStation for “several more years” beyond the existing marketing deal Sony has with Activision. Microsoft Gaming CEO and Xbox chief Phil Spencer made the commitment in a written letter to PlayStation head Jim Ryan earlier this year, and it’s the clearest sign yet that Call of …

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"You’ll Call Now": The Sears AC Commercial That Will Never Die

“You’ll Call Now”: The Sears AC Commercial That Will Never Die

A few months into the pandemic, Marco Garcia had too much time on his hands and a quarter-century-long itch that he badly needed to scratch. “This was something that had come up so many times over the years,” Garcia, a tech employee in Boston, says. “It was the subject of many drunken discussions amongst friends.” …

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Arkane really didn't want to call Prey (2017) 'Prey'

Arkane really didn’t want to call Prey (2017) ‘Prey’

Raphaël Colantonio has revealed that nobody at Arkane Austin wanted Prey (2017) to be titled Prey, and how it felt “gross” to have release something under someone else’s IP. Colantonio, known as the founder of Arkane Studios, served as the game’s director and writer. He announced his departure from the studio shortly after the game’s …

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What Rivian revealed about its R2 platform in its Q2 earnings call

What Rivian revealed about its R2 platform in its Q2 earnings call

On its Q2 earnings call yesterday, Rivian gave us a glimpse into what we can expect from its newest R2 platform. Rivian is burning through cash as its ramps production of its flagship R1T EV truck model. Rivian posted a $1.7 billion loss in its Q2 earnings, with labor and material costs rising. At the …

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Lawyer To Pay Activision For Not Playing Call Of Duty, Judge Decrees

Lawyer To Pay Activision For Not Playing Call Of Duty, Judge Decrees

Uh, say what now?Image: Infinity Ward A lawsuit against Activision Blizzard was dismissed last month because, according to a judge in the Southern California District Court where the complaint was brought, the plaintiffs didn’t play enough Call of Duty: Infinite Warfare to make an informed case against the maligned publisher. For once in Activision Blizzard’s …

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Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters'

Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’

‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year. Still, …

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Paramount CEO: Delaying Big Movies During the Pandemic “Proved to Be the Right Call”

Paramount CEO: Delaying Big Movies During the Pandemic “Proved to Be the Right Call”

Paramount Global is feeling bullish about its ability to make hit content after a string of recent successes at the box office, including Top Gun: Maverick, and on the Paramount+ streaming service, such as Halo, management said during the company’s second-quarter earnings conference call on Thursday. “Nowhere is our popularity more evident than at the …

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Call it a 'crash,' call it a 'recession': The housing market is so weird right now that no one knows how to describe it

Call it a ‘crash,’ call it a ‘recession’: The housing market is so weird right now that no one knows how to describe it

A typical real-estate cycle has four phases: expansion, hypersupply, recession, and recovery. But hypersupply is missing from this current cycle, and experts can’t agree on what will come next. Some say it’ll be a correction, while others believe a dramatic downturn is in store. Loading Something is loading. Rising inflation and interest rates have cooled …

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HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says demerger of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split …

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