Obsession Tops Box Office by 330x Budget, Sets New Record
A film titled Obsession has grossed roughly 330 times its production budget, breaking a box office record and signaling a remarkably profitable run that stands out in the industry.
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GameStop posts record quarterly profit as it eyes an eBay bid
GameStop reported its highest-ever quarterly profit of $389.6 million for fiscal Q1, with revenue of $835.3 million (up from $732.4 million a year earlier), as it continued aggressive cost-cutting and layoffs. The stock jumped over 7% in after-hours trading, and the company noted $9.7 billion in assets. CEO Ryan Cohen has floated financing to buy eBay, though eBay rejected the proposal, with hints at a possible shareholder bid; the firm no longer holds earnings calls. The report also mentions a Halo 3 tournament as a side note.
CBS flips late-night loss into a $15M profit with Byron Allen time-buy
CBS says the time-buy deal with Byron Allen’s Allen Media Group turns a $40 million annual loss for The Late Show into about $15 million in profit, a $55 million swing, as Allen pays for the slot, covers production, and sells his own ads; early ratings for Comics Unleashed hovered around 1.1 million, well below Colbert’s finale, fueling ongoing speculation about political motives behind the show’s ouster.
SoftBank rides OpenAI windfall to $12B profit leap
SoftBank Group reported a more-than-threefold rise in profit to $12 billion, driven by gains from its stake in OpenAI, underscoring the financial impact of its AI investments.
AI Demand Fuels TSMC's Fourth Straight Record Quarter
TSMC posted a 58% YoY profit jump to NT$572.48B on revenue of NT$1.134T in Q1, beating estimates as AI-chip demand remained strong. Advanced chips (7nm and smaller) accounted for about 74% of wafer revenue, with 3nm shipments at 25%; the HPC/AI division made up 61% of sales. The company raised capex to the high end of $52-56B for the year and plans a new advanced-chip fab in Tainan, with Nvidia now its largest customer; management said energy-disruption risks pose no near-term threat.
JPMorgan Beats Profit and Revenue Forecasts in Q1
JPMorgan Chase posted a 13% year‑over‑year rise in Q1 profit to $16.5 billion ($5.94 a share) on $49.8 billion in revenue, defeating expectations of $5.45 per share and $49.13 billion in revenue. Shares slipped about 2.6% in premarket trading, and the stock has fallen ~3.6% this year through the latest close as the big bank earnings season rolls on.
Labor unions push for leadership shake-up at American Airlines amid profit slump
Two major American Airlines unions are pressuring CEO Robert Isom and the board to oust leadership after the carrier posted a modest $0.4 billion profit in 2025 and faced significant weather-related cancellations, including protests outside Fort Worth. While rivals Delta and United posted much larger profits, American is pursuing revenue boosts from paid luxuries and premium services as industry-wide headwinds persist, such as storms and slower aircraft production.
Disney Profit Squeezed by Big Budgets and YouTube Dispute
Disney reported a 7% drop in adjusted EPS to $1.63 and a 9% drop in operating profit to $4.6 billion for the quarter ended Dec. 27, as revenue rose about 5% thanks to streaming and cruise growth but heavy costs from big-budget films Avatar: Fire and Ash and Tron: Ares and a YouTube TV stalemate dampened margins; US theme-park attendance rose 1% with visitors spending 4% more per visit, while leadership changes loom as CEO Robert Iger nears retirement.
TSMC to boost investments as profits soar 35%
Taiwan’s leading chipmaker TSMC reports a 35% jump in profit and says it will boost investments to expand capacity and support ongoing demand for semiconductors.
Insider Trading and Profits Surrounding Venezuela and Global Conflicts
Traders on prediction markets profited significantly from the news of Nicolás Maduro's capture, with some making nearly $437,000, highlighting the potential for inside information and raising questions about regulation, as lawmakers consider new legislation to restrict political figures' participation in such markets.
Foxconn and Nvidia Boost Profits Amid Rising AI Demand
Foxconn reported a 17% increase in third-quarter profit driven by growth in its AI server business and partnerships with Nvidia, despite global economic uncertainties, and expects continued growth in the second half of the year.
SoftBank Sells Nvidia Stake to Focus on OpenAI and AI Investments
SoftBank sold its Nvidia shares for $5.83 billion, reflecting a strategic shift towards AI investments like OpenAI, while reporting a nearly tripled profit in the first half of the fiscal year, with its stocks nearly doubling in value over the past year.
Wendy's Plans to Close About 300 US Stores to Boost Profits
Wendy's plans to close hundreds of U.S. restaurants in the coming months to improve profitability and store appeal, following the closure of 240 locations in 2024, as part of efforts to address underperforming outlets and adapt to changing consumer preferences amid economic pressures.
UnitedHealth Profits from Open Enrollment Challenges
UnitedHealth Group is profiting from the open enrollment period amid political deadlock over extending premium tax credits, highlighting how insurers benefit regardless of policy outcomes while consumers face rising costs.
Coinbase Shares Surge on Strong Q3 Trading and Earnings
Coinbase reported a significant increase in third-quarter profit driven by higher trading volumes amid sector volatility, with transaction revenue doubling and stablecoin-related income rising, reflecting broader adoption and favorable policies.