2019-03-24 19:35:45 | Fly Intel: Top five weekend stock storiesCatch up on the weekend's top five stories with this list compiled by The Fly: 1. Attorney General William Barr said that special counsel Robert Mueller's Russia investigation did not find sufficient evidence that President Trump obstructed justice, or that his campaign coordinated with Russian efforts to influence the 2016 election, CNBC's Jacob Pramuk and Spencer Kimball reported. 2. Google-owned (GOOG; GOOGL) YouTube has canceled plans for high-end dramas and comedies, Bloomberg's Lucas Shaw reported, citing people familiar with the matter. The retreat from direct competition with Netflix (NFLX) and Amazon's (AMZN) Prime Video service reflects the high cost needed to take on those deeply entrenched players, even for a rich tech giant like Google, sources said. 3. The cloud will eventually remake the gaming world and the trend might be moving faster than expected, with Google unveiling a cloud-gaming service called Stadia that will launch this year, Tae Kim wrote in this week's edition of Barron's. The announcement drove big moves in game-industry-related shares, with AMD (AMD) soaring, and Sony (SNE) and GameStop (GME) dropping, the publication noted. But the big winner in the streaming wars, oddly enough, may turn out to be the traditional console maker Microsoft (MSFT), which will give gamers a choice to play their games across devices through its Project xCloud, Kim added. 4. Comcast (CMCSA, CMCSK) subsidiary Universal's "Us" debuted to a historic $70.3M at the domestic box office over the weekend. Overseas, Jordan Peele's movie took in $16.7M from 47 markets for a global bow of $87M. "Us" sports a B CinemaScore and a 94% Rotten Tomatoes score. 5. Sabre (SABR), ManpowerGroup (MAN), Webster Financial (WBS), National Instruments (NATI), j2Global (JCOM), Innovative Industrial Properties (IIPR), and Caterpillar (CAT) saw positive mentions in Barron's, while Lyft (LYFT) was mentioned cautiously. | |
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