Amid a holiday-shortened trading week, U.S. stock futures are slightly lower as investors gear up for crucial labor market data. The Dow, S&P 500, and Nasdaq 100 futures all show a decline following an upbeat session on Wall Street. Notable tech companies like Tesla and Apple played a part in boosting the Nasdaq Composite. The
European stock markets experienced a downturn on Tuesday, as investors eagerly awaited the release of regional inflation data to gain insight into potential future interest rate cuts by the European Central Bank. The DAX index in Germany saw a 0.6% decline, the CAC 40 in France fell by 0.6%, and the FTSE 100 in the
The media mogul Barry Diller is reportedly considering making a bid for Paramount, as stated in a report by The New York Times. His company, IAC Corp., has signed nondisclosure agreements with Shari Redstone’s National Amusements Inc., the controlling stakeholder of Paramount. This move indicates Diller’s interest in taking control of the company, which has
Salesforce recently faced backlash from investors over its compensation plan for top executives, particularly CEO Marc Benioff. The resolution to approve the compensation plan received more votes against than in favor at the annual meeting, despite the board’s urging for support. This highlight the concerns raised by shareholder advisory groups, Glass Lewis and Institutional Shareholder
Lionsgate has officially announced that the action crime thriller ‘1992’ will hit theaters over Labor Day weekend on August 30. This film marks one of Ray Liotta’s final movie roles, co-starring alongside Tyrese Gibson. Additionally, Snoop Dogg has joined the project as an Executive Producer through his Death Row Pictures banner. The film will be
Meta, the parent company of Facebook, has recently come under fire by EU regulators for not adhering to the bloc’s antitrust rules with their new ad-supported social networking service. The Commission has labeled their subscription model as a “pay or consent” system which has raised concerns about user data privacy and personalized advertising. The European
In a surprising turn of events, meme stock trader Keith Gill, commonly known as “Roaring Kitty,” has made a significant investment in pet food e-commerce retailer Chewy. The Securities and Exchange Commission filing revealed that Gill purchased over 9 million shares of Chewy, amounting to a 6.6% stake in the company. This move has positioned
In the fast-paced world of corporate America, activist investors have been making waves at a record number of companies globally during the first six months of 2024. These investors have been launching campaigns left and right, aiming to shake up boardrooms and push for changes in leadership, spin-offs, and sales. Some of the recent notable
Google recently announced a partnership with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan. This move comes as Google aims to increase its energy capacity and reduce carbon emissions in the midst of the artificial intelligence boom. The collaboration will involve Google making a capital investment in Taiwanese solar developer
The European corporate earnings landscape is currently clouded by uncertainty, especially in light of French political turmoil and trade disputes with China. Investors are cautiously optimistic about second-quarter earnings for companies in the pan-European STOXX 600. However, concerns arise due to the uncertainty surrounding French President Emmanuel Macron’s decision to call for parliamentary elections, as