Paramount Global plans to cut 15% of its U.S. workforce as part of a broader $500 million cost reduction.
Kategorie-Archiv: CNBC Financial News
Eli Lilly’s blowout quarter should quiet investor concerns about the stock
Shares of the drugmaker jumped about 8% in Thursday trading after easily beating earnings expectations.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
Here’s what’s on the radar for CNBC TV heading into Thursday’s session after Wednesday’s rally attempt ultimately failed.
Italy looks like fertile ground for a mega merger deal in banking
Years after a debt crisis in the region and a government rescue for Banca Monte dei Paschi, analysts are looking at Italy’s banking sector with fresh eyes.
Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
By January 2025, banks and their tech suppliers will have to comply with a new EU law known as DORA. It could help prevent major IT disruptions in future.
Jamie Dimon says he still sees a recession on the horizon
Dimon, leader of the biggest U.S. bank by assets and one of the most respected voices on Wall Street, has warned of an economic „hurricane“ since 2022.
A ’soft landing‘ is still on the table, economists say
Recession risks have risen but the U.S. is likely to skirt a downturn if the Federal Reserve soon cuts interest rates, economists said.
Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium
Under Armour is in the midst of a broad restructuring as the company contends with a sales slowdown and a revolving door of leaders.
Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar
The success of Eli Lilly’s weight loss and diabetes drugs Zepbound and Mounjaro caused the company to hike its guidance.
Restaurant Brands revenue tops estimates, fueled by Tim Hortons
Canadian coffee chain Tim Hortons was the restaurant company’s strongest performer during the quarter.