Manufacturing Data Signals Economic SlowdownLatest data shows a continued economic slowdown in the US, with the Institute for Supply Management’s manufacturing PMI remaining unchanged at 46.7 in November. This marks the 13th consecutive month of PMI slumps, indicating a deceleration in manufacturing activity. According to analysts, this data signifies another indicator of an emerging economic …
Paramount Global (PARA) stock saw a nearly 6% increase on Monday due to two significant developments hinting at potential M&A deals for the media giant. First, the company discreetly disclosed in an 8-K filing on Friday that top executives such as CEO Bob Bakish, CFO Naveen Chopra, and executive VP Christa D’Alimonte would receive severance …
Jonathan Raa | Nurphoto | Getty Images Elon Musk railed against major advertisers and Media Matters, a media watchdog group, on Friday following the decision of several top brands to temporarily pause their ad spending on X, a social media platform where Musk serves as CTO. In a late Friday night tweet, Musk announced his …
BREAKING: After a day that saw a dozen major advertisers put any spending on X/Twitter on pause over antisemitic amplification by Elon Musk, the man himself tweeted a seemingly not-so-subtle dig at those companies. Promoting X/Twitter’s Premium service, the social media platform owner wrote, “Premium+ also has no ads in your timeline.” Musk then followed …
Prepare for the final season of “SEAL Team” as it concludes its mission on Paramount+. The long-standing military drama will wrap up its epic journey after Season 7. Get ready for intense action and gripping storytelling as you follow the lives of the most elite unit of Navy SEALs. Witness their training, daring missions, and …
Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …
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 …
Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023 Alexi Rosenfeld | Getty Images Entertainment | Getty Images The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios. Announced on …
Roberto Firmino of Liverpool was seen shooting under pressure from Eder Militao of Real Madrid during the UEFA Champions League Quarter Final Second Leg match between Liverpool FC and Real Madrid at Anfield on April 14, 2021 in Liverpool, England. Streaming platforms are recognizing the importance of live sports rights in order to expand their …
Pavlo Gonchar | Lightrocket | Getty Images Discover the latest movers and shakers in midday trading. Media stocks saw a boost after the writers’ strike, which lasted nearly 150 days, finally came to an end. Warner Bros. Discovery and Paramount Global experienced a 2.5% surge in their stock prices, while Comcast witnessed a 0.9% increase. …