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Warner Bros. Discovery (WBD) stock rose Friday, lifted by a a report saying the company might separate its movie studio and Max streaming service from its legacy TV networks.

The possibilities in play include selling off the movie and streaming assets or spinning them off into a separate company, the report said, citing sources familiar with the matter. Shares of the company rose a bit less than 2% in Friday trading.

The media company's shares have lost nearly two-thirds of their value since the blockbuster merger between AT&T’s (T) WarnerMedia division and Discovery created the company in 2022.

Warner Bros. Discovery is also in play for a piece of the National Basketball Association’s (NBA) media rights package. The company received a proposal from the NBA giving it the opportunity to match a $1.8 billion bid for a package of games currently allocated to Amazon (AMZN) Prime Video, according to a report Thursday. Warner Bros. Discovery was given five days to make a decision. 

Warner Bros. Discovery owns Turner Sports, which has broadcast “Inside the NBA” on TNT since 1989. The NBA’s media rights deal also reportedly includes games broadcast by Disney's ESPN and ABC, and NBCUniversal's NBC, for a total $76 billion package over 11 years. WBNA games, also included in the package, make up about $2.2 billion of the total. 

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Abisi Emmanuel, the Nigerian skit maker better known as Nasty Blaq, and Esther James, his partner, are expecting their first child together.

Blaq shared photos from their maternity shoot while accompanying it with a heartwarming caption.

The comedian described his relationship with his partner as “magical”, adding that they were excited to experience the joys of parenthood.

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Some Nigerians have shared the hilarious reactions after they chose to share their Netflix logins with their friends.

Many were shocked after the beneficiaries of the Netflix logins took the bold steps of changing the password, as the owners were left wondering the audacity shown for their kindness.

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Singer Davido’s aide Isreal has expressed his sincere gratitude to him after his influence helped him secure a ten year U.K visa.

Isreal took to his social media page to praise his boss for thank his boss for the huge gesture while expressing his appreciation to the U.K embassy.

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Shares of Canada Goose flew higher today, lifted by an upbeat take by Wedbush analysts who called the stock "un-loved."

The analysts gave Canada Goose Holdings (GOOS), known for its cold-weather jackets, an initial rating of outperform and set a $21 price target, more than $9 above Thursday's close. The stock finished up 2.5% at $12.20 apiece.

Wedbush said the company is “a compelling multi-year margin recapture story,” saying an aggressive addition of stores over the past five years caused earnings before interest and taxes (EBIT) to decline by 1,200 basis points (bps). Canada Goose has slowed store growth and is reducing expenses, which should “allow margins to resume marching upward," they wrote.

Canada Goose should also benefit from a strategy to expand its non-parka business and become a more “year-round” brand," the analysts wrote.

The stock hit 2024 highs earlier last month. While it has lost ground since, the shares are still up for the year, rising about 3%.

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While low-income workers notched substantial wage gains during and after the pandemic, there are signs that their prosperity may be dwindling. 

Abigail Wozniak, a vice president at the Federal Reserve Bank of Minneapolis said while low-income earners were, in part, financially able to catch up with higher-income earners in the past few years, that’s no longer true.

“The Fed targets one inflation measure, but the pandemic has generated a lot of research interest in the question of whether that's true, whether everyone experiences inflation the same way," Wozniak said. "The early evidence is that they don't, and there's some more inflation for lower earners.”

During the pandemic, workers in sectors such as leisure and hospitality had to return to in-person work—unlike those in other sectors. As a result, businesses like restaurants had to boost wages considerably to attract workers, Wozniak said in an interview. 

However, that is beginning to change. In 2024, real wage growth for the bottom quartile of earners was nearly one percentage point less than it was in 2019, according to a study from the Minneapolis Federal Reserve.

While wages for low-income workers still outpace inflation, there are indicators that some workers may be struggling financially as households have spent down their pandemic savings and face higher expenses.

Research from the New York Fed found that before the pandemic, low-income households experienced above-average inflation and spent a greater percentage of their income on food and housing.

“I think inflation has been a significant driver in some of the financial pressures that people have felt over the past year,” says Bruce McClary, a Senior Vice President at the National Foundation for Credit Counseling. “Unfortunately, many people still are not at a point where they're able to find breathing room in their budget.”

Executives from major banks and consumer food companies have also indicated that low-income consumers face more financial headwinds in recent earnings calls. 

Jeremy Barnum, the chief financial officer of JPMorgan Chase, suggested lower-income workers may be shifting more of their spending to essentials from discretionary expenses like eating out or concerts, in the company’s Q2 earnings call.

Higher prices aren't the only trouble households face. The Fed's campaign of rate hikes to fight inflation has made borrowing—from mortgages to credit cards—expensive. That's making it hard for more people to pay their bills on time.

In May, the New York Fed found credit card delinquencies were up in the first quarter from the on prior, especially among those with higher credit utilization ratios—or those who are close to maxing out their credit cards. According to the study, younger people and those living in low-income neighborhoods were more likely to have maxed-out credit cards.

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