CNN and BBC have been taken off the air by the Venezuelan government after violent street clashes erupted on Tuesday instigated by supporters of National Assembly leader Juan Guaidó, amid a push to oust embattled President Nicolás Maduro.
Details:CNN reports that broadcast providers DirecTV, Net Uno, Intercable and Telefónica have "all received orders from Venezuela's government regulator Conatel to block CNN" after the network broadcast a feed showing a military vehicle running over protesters. A BBC spokesperson also told CNN that BBC Global News has been taken off the air in the country. Guaidó's call for a military uprising against Maduro quickly gained support from the Trump administration.
Money flowed strongly into mutual funds and ETFs of all kinds except for equity funds last week. According to the most recent data from Lipper, equities saw $7.3 billion of outflows, the only asset group it tracks to see money pulled out of funds.
Why it matters: Despite the run in U.S. stocks, data shows that real money investors have been selling for most of this year. That trend continues even during what should be bouts of exuberance.
Cable provider Altice USA announced Tuesday that it acquired the streaming news network Cheddar for $200 million, the Wall Street Journal reports.
Why it matters, via Axios' editor-in-chief Nicholas Johnston: The move comes as a sign that Altice, a relative unknown, is jumping into the streaming wars.
ORLANDO — Sports media and entertainment is growing fast in the region that has long been known for theme parks and tourism.
Why it matters: The sizable presence of sports media and video game industry signals a hub growing outside of the New York/Connecticut and California regions.
In the latest phase of the desperate race to survive against Amazon's immense selling power, brick and mortar stores are increasingly aping one of the retail giant's most potent practices: dynamic pricing.
Between the lines: This increasingly popular tactic — in which a seller constantly adjusts the price of its products, for example hiking hotel prices during a big convention — benefits both buyers and sellers, its defenders argue. But as pricing is increasingly automated, the dangers include gouging and discrimination.
2020 candidate and former Vice President Joe Biden launched his campaign inside a union hall in Pittsburgh, Pennsylvania, on Monday with an appeal to the blue collar workers who helped hand Trump his electoral college victory in 2016.
The personal income of farmers in the U.S. declined by an annualized $11.8 billion between January and March, the biggest 1st quarter drop in 3 years, Bloomberg reports, citing Commerce Department data released Monday.
The big picture: The drop is being driven primarily by the fallout from President Trump’s trade disputes, a nosedive in commodity prices and record flooding in the Midwest. As a result, farmer bankruptcies in the Midwest have shot up to levels the U.S. hasn't seen for approximately a decade.
WeWork announced on Monday that it confidentially filed IPO registration paperwork with federal regulators last December, and an amended filing more recently. Axios has learned that the co-working giant has not yet picked bankers, and that the offering is likely to occur in the third or fourth quarters of 2019.
Why it matters: This would be one of the year's most controversial mega-IPOs, as WeWork is a "love it or hate it" sort of company among investors. One person close to the company told Axios that it could become the second-most shorted stock, behind Tesla.
Chewy, a pet-focused online retailer acquired for $3.3 billion by PetSmart in 2017, filed for an initial public offering on Monday.
The bottom line: Chewy has managed to successfully enter and grow in an e-commerce market where Amazon already played, with revenue climbing 50% last year to $3.5 billion. But it also will join a long line of other unprofitable tech companies going public, with a $268 million net loss for 2018.
Disney's "Avengers: Endgame" ruled the box office this weekend, torching all-time single-day, weekend and per-screen records on its way to well over $1 billion in global ticket sales. It was just the latest victory for Disney, which has had the No. 1 grossing movie every year since 2012 and been the top grossing studio since 2016.
The big picture: Disney is on pace to take a 29.1% share of box office receipts, the largest percentage on record, according to data from Nash Information Services.
