August 8, 2023
“Paramount Global agreed to sell book publisher Simon & Schuster to private equity giant KKR for $1.62 billion, the media company said Monday as it reported earnings that topped Wall Street estimates… Paramount executives said during Monday’s earnings call that the proceeds… Continue Reading…
June 8, 2023
“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…
May 17, 2023
“Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter. The pharmaceutical giant raked in over $85 billion in orders for the eight part investment-grade deal, which… Continue Reading…
September 7, 2022
“CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would build on its growing health-care services.… Continue Reading…
August 23, 2022
“JD.com beat top and bottom line expectations in the second quarter, but posted its slowest year-on-year revenue growth on record, becoming the latest victim of a Covid-induced economic slowdown [Lockdowns] in China… Here’s how JD.com did in the second quarter, versus… Continue Reading…
May 10, 2022
“The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other… Continue Reading…
November 9, 2021
“…Over the summer, investors forced a change on Exxon’s board. Since then, the company has been speeding up plans for its green economy pivot, which includes carbon capture and storage. Carbon capture is the process of capturing CO2 at its… Continue Reading…
March 17, 2021
“It has long been said that when America, still the world’s largest economy, catches a cold, the rest of the world economy catches pneumonia. With America now engaged in a budget and monetary policy stimulus experiment of epic proportions, the rest of the… Continue Reading…
February 6, 2020
“We are here to say that yes, there is life outside of investing in Apple, Microsoft, Amazon, Google and Facebook. Unfortunately, most investors don’t agree — and it could end badly for them at some point. Those five powerful tech… Continue Reading…
January 31, 2020
“Shares of Amazon climbed as much as 11% in extended trading on Thursday after smashing earnings expectations for the fourth quarter. The company’s market cap surged above $1 trillion after hours on the back of the powerhouse earnings report. In doing so, it joined Apple, Alphabet and Microsoft,… Continue Reading…
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