Paramount Global
Paramount shares jump about 10% after Buffett’s Berkshire reveals new stake
In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Paramount Global jumped Tuesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the media company. The stock rallied 9.5% around 10:10 a.m. […]
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Warren Buffett’s Berkshire made a $3 billion bet on Citigroup. Here are his other picks
Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup , according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $2.95 billion as of the end of March, the filing showed. […]
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How a blockbuster-packed summer could lend a hand to the struggling streaming stocks
The release of “Doctor Strange in the Multiverse of Madness” ushers in a line-up of big movie franchises hitting theaters this summer. Source
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Stocks making the biggest moves midday: Chegg, Expedia, BP and more
James Tahaney loads textbooks on to a pallet in preparation for shipping at the Chegg warehouse in Shepherdsville, Kentucky, April 29, 2010. John Sommers II | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Paramount Global – Shares fell 1.7% after the entertainment giant reported first-quarter revenue below expectations. The […]
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Stocks making the biggest moves in the premarket: Paramount Global, Logitech, Chegg and more
Take a look at some of the biggest movers in the premarket: Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts’ forecasts for the media company, amid increasing video streaming competition and weak ad sales growth. Logitech (LOGI) – Logitech […]
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Stock futures are lower after big market reversal to start May
U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively. Earlier in the day, the major averages posted a wild up-and-down session with the Nasdaq […]
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‘We do crazy stuff’: How cinemas are going beyond studio marketing to lure moviegoers back
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images “If you build it, they will come.” Universal’s president of domestic theatrical distribution borrowed the iconic line from “Field of Dreams” during the studios slate presentation at CinemaCon […]
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Warner Bros. Discovery posts 13% revenue jump, 2 million new streaming subscribers in Q1
David Zaslav Anjali Sundaram | CNBC Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares rose as much as […]
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Movie theater owners are optimistic ticket sales can continue to recover as the key summer season approaches
Still from “Doctor Strange in the Multiverse of Madness.” Disney Superhero flicks have kept the box office afloat this year, spurring movie theater operators to think that audiences might finally be ready to return to cinemas en masse. Domestic ticket sales for the first four months of the year are still down around 40% compared […]
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Netflix is finally going after password sharing. Here’s how it’s likely to work
Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Netflix surprised the world this week, saying it plans to finally address the rampant practice of password sharing. More than 100 million households are using a shared password, Netflix said Tuesday, including […]
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