With Skydance Media deal talks winding down, the three top executives in Paramount Global’s CEO’s office said they remain focused on a plan to cut costs and grow the media conglomerate as an independent entity. The trio – George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount … Read more
WASHINGTON (AP) – Senators on Wednesday criticized top health and law enforcement officials for not doing more to combat the rise of illegal electronic cigarettes in the US, a multi-billion dollar business that has thrived amid haphazard enforcement. Democrats and Republicans on the Senate Judiciary Committee expressed frustration and exasperation as they questioned officials from … Read more
WASHINGTON (AP) – Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months, but signaled that they expect to cut their key interest rate only once this year. Policymakers’ forecast for one rate cut was down from an earlier forecast of three because inflation, despite cooling in the … Read more
The fast food industry has been wringing its hands over the devastating impact on its business from California’s new minimum wage law on its workers. Their raw numbers certainly bear this out. A full-page ad recently placed in USA Today by the California Business and Industry Alliance claimed that about 10,000 fast food jobs had … Read more
Shares of this AI titan have gotten significantly cheaper, but its massive market cap remains the same. With the stock up 25,000% over the past 10 years, it’s no wonder Nvidia (NVDA 3.52%) relies on stock splits to keep its equity price manageable for smaller investors who may not have access to fractional shares. The … Read more
GameStop Analyst Cuts Price Target After ‘Rambling By Roaring Kitty Presentation’: Does the video game company have ‘enough runway to appease its cult-like shareholders’? Video game retailer shares GameStop Corporation (NYSE:GME) have traded higher in recent weeks on optimism from the return of Noisy kitten (does it have Keith Gill) and some stock offerings that … Read more
It’s time to take a breather and look for a new beginning. That seems to be the motto for Paramount Global and its investors. With news Tuesday that Shari Redstone has ended months of talks to acquire Paramount from a consortium led by Skydance Media and RedBird Capital without a deal, Wall Street analysts are … Read more
Eight former SpaceX engineers filed a lawsuit against Elon Musk on Wednesday alleging sexual harassment and retaliation. Musk, who founded SpaceX in 2002, “knowingly and intentionally created an unwelcome hostile work environment based on his workplace intrusion behavior of sexually explicit photos, memes, and comments demeaning women and/or the LGBTQ+ community “, say the employees. … Read more
Shares of Oracle ( ORCL ) are rising after announcing cloud deals with Google ( GOOG , GOOGL ) and OpenAI, despite missing fourth-quarter earnings and revenue. Yahoo Finance’s Seana Smith and Brad Smith break down the tech giant’s revenue and its position in the AI race. For more expert insights and the latest market … Read more
A new wave of political pressure greeted Fed Chairman Jerome Powell as he and his colleagues gathered in Washington this week to discuss the direction of interest rates and a cooler-than-expected inflation reading on Wednesday. reinforced that consideration. From the left, the immediate reaction from Senator Martin Heinrich, the chairman of the Joint Economic Committee … Read more