May 1, 2024
“Warner Bros. Discovery shares have slumped since the media and entertainment company was created two years ago, but that hasn’t dented its chief executive’s pay. Last year, CEO David Zaslav received pay valued at $49.7 million, a 27% increase from 2022, the… Continue Reading…
March 11, 2024
“New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1 billion-plus capital injection from investors led by former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. The bank had $77.2 billion in deposits as… Continue Reading…
January 1, 2024
“Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed… Continue Reading…
August 21, 2023
“…The company’s shares plummeted 39% on Thursday, erasing 18 billion euros ($20 billion) from Adyen’s market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. The stock closed down a further 2.9% on Friday… Continue Reading…
August 9, 2023
“Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31… During the past few months, the company experienced hiring freezes and mass layoffs. Beer… Continue Reading…
March 8, 2023
“Recession — and layoff — fears loom large over many households. Nearly half of U.S. adults feel the country is already in a recession, a Morning Consult report found. Economists say the chance of a recession in the next 12… Continue Reading…
November 11, 2022
“Since 1990, the Ontario Teachers Pension Plan has managed hundreds of billions of dollars in assets for nearly 200,000 education workers, holding stakes in traditional investments from airports to shopping centers. The Canadian pension fund is just one of many… Continue Reading…
July 14, 2022
“EDITOR’S NOTE: It’s a new set of generations experiencing what Silent Gen folks and Baby Boomers had to endure in the 1970s: Americans losing so much purchasing power in a given year. Theirs lasted a decade, while ours is just over… 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…
February 26, 2021
“The Otis College report said that between February 2020 and December 2020, total job loss in the “creative economy workforce” reached about 13 percent statewide and 24 percent in Los Angeles County. During that period, the state lost 175,000 jobs in that… Continue Reading…
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