Month: August 2024
Sony rules out renewing offer for Paramount, says it wouldn’t fit strategy
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty Images Sony’s finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global. Sony currently has no plans to submit a revised […]
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SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty Images SoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the company’s fiscal first quarter ended in […]
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CNBC Daily Open: Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Glencore decides against coal spinoff after talking to investors
A stacker-reclaimer operates next to stockpiles of coal as a rainbow forms in a spraying jet of water at the Newcastle Coal Terminal in this aerial photograph taken in Newcastle, Australia. Brendon Thorne | Bloomberg | Getty Images Glencore will not spin off its coal business after securing backing from the majority of its investors […]
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Sony beats first-quarter earnings estimates as profit jumps 10%
Sony’s PlayStation 5. Thiago Prudencio | Lightrocket | Getty Images Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations. Here’s how Sony did in the June quarter versus LSEG consensus estimates: Revenue: 3.01 trillion yen ($20.5 billion) versus 2.8 trillion yen expected. That marked a 2% rise from the same […]
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Wegovy maker Novo Nordisk posts earnings miss, cuts operating profit outlook
Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Jakub Porzycki | Nurphoto | Getty Images Novo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter and trimmed its operating […]
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Sahm rule creator doesn’t think that the Fed needs an emergency rate cut
Key Points Sahm was the economist who introduced the so-called Sahm rule in 2019. It states that the initial phase of a recession has started when the three-month moving average of the U.S. unemployment rate is at least half a percentage point higher than the 12-month low. Source
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An airline now allows women to avoid sitting next to men. Here’s how travelers are reacting
India’s biggest budget airline IndiGo has been trialing a booking feature that will allow women to avoid booking a seat next to men on flights. The feature, the first of its kind for an airline, works by showing female travelers a pink seat at the seat selection page if it will be occupied by a […]
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India central bank asks top lenders to refrain from large trading bets against rupee, Reuters reports
An undated editorial illustration of Indian rupee cash bills and a stock market indicator board. Javier Ghersi | Moment | Getty Images The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters. Officials from the RBI’s financial […]
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Disney reports earnings before the bell. Here’s what to know
The “Partners” statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. Joe Burbank | Tribune News Service | Getty Images Disney reports earnings before the bell, and Wall Street will be paying close attention to the […]
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