Paramount Global Controlling Shareholder Shari Redstone Open to Transformative Deal Shari Redstone, the controlling shareholder of Paramount Global, is actively seeking a transformative deal but has yet to find the right opportunity, according to sources. Consolidation within the large media companies is necessary, although challenging due to current market conditions. Redstone has been open to …
Striking members of the Writers Guild of America picket with striking members of SAG-AFTRA, the actors guild, outside Paramount Studios in Los Angeles, Sept. 18, 2023. Mario Tama | Getty Images Discover the companies grabbing attention prior to the market open. AstraZeneca — Shares surged 1.4% following an upgrade from Jefferies to buy from hold. …
An AMC Theatre in New York City, March 29, 2023. Leonardo Munoz | Corbis News | Getty Images Check out the companies making headlines before the bell. Yum China — Shares rose more than 3% during premarket hours as the Chinese restaurant conglomerate announced new financial targets and unveiled plans to expand to 20,000 restaurants …
Warren Buffett, the esteemed Chairman and CEO of Berkshire Hathaway, has been a driving force in the company since taking control in 1965. Now, at the age of 93, he stands as the “Oracle of Omaha” and continues to lead a conglomerate that is stronger than ever. Berkshire Hathaway shares have surged to an all-time …
Electrical workers are being held accountable for their failure to prepare for extreme weather conditions, resulting in devastating wildfires and tremendous loss of lives and property damage. The latest lawsuit comes from Maui County, alleging that Hawaiian Electric’s negligence contributed to the wildfires that destroyed the town of Lahaina and caused more than 100 fatalities. …
United Auto Workers members are currently on strike outside General Motors’ Detroit-Hamtramck Assembly plant in Detroit. This comes as Warren Buffett’s Berkshire Hathaway announced a significant reduction in its stake in General Motors during the second quarter. The decision may be related to the challenging contract negotiations between the United Auto Workers union and GM, …
A shipment of live chickens arrives at Tyson Foods’ processing plant in Monroe, North Carolina. Alan Slitz | Tribune News Service | Getty Images Take a look at the pre-market movers and shakers in the business world this Monday morning. Tyson Foods — The shares of this food processing company dropped over 7% following Tyson’s …
Model Y cars are showcased during the grand opening of Tesla’s new Gigafactory in Gruenheide, Germany, on March 22, 2022. Photo by Patrick Pleu | Pool | via Reuters Take a look at the latest news from these companies in midday trading. Tesla — The stock of the leading electric vehicle manufacturer declined by nearly …
Get ready for a smart start to your trading day with these important news updates: 1. Markets Aim to Rebound Stock futures inched higher on Monday after a recent downturn. Last week, the Nasdaq and S&P 500 suffered their worst weeks since March, dropping 2.9% and 2.3% respectively. The Dow fell approximately 1.1%. As the …
Warren Buffett, CEO and chairman of Berkshire Hathaway. Image source: CNBC | NBCUniversal | Getty Images Shares of Berkshire Hathaway surged on Monday following a robust quarterly report that showcased a recovery in insurance operations, along with a substantial cash reserve that exceeded $150 billion. The Class B shares of Warren Buffett’s conglomerate rose by …