The mammoth integration of failed bank Credit Suisse into its former rival UBS will act as a ”case study,” UBS CEO Sergio Ermotti said Friday, one that will show that big bank mergers should be allowed. ”It’s going to be a case study to be evaluated globally, but also particularly in Europe, where eventually the...
Kategori: Okategoriserad
Paramount stock slumps on reports of equity raise for merger
Paramount Global’s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of...
Shareholders vote on Nelson Peltz and Bob Iger
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday reelected the media conglomerate’s full board, preliminary results show, handing a stinging defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter,...
Fed’s Mester still expects rate cuts this year, but rules out May
Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May. Mester also indicated that the long-run path is higher than policymakers had previously thought. The central bank official noted progress made on inflation while the economy has continued to grow....
Brent, WTI add to first quarter gains
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Nick Oxford | Reuters Crude oil futures rose on the first day of second-quarter trading Monday amid reports that the Iranian consulate in Damascus, Syria, was hit by a missile strike. The...
In tech rivalry with US, China is behind on key asset: Its own OpenAI
People learn about Baidu’s artificial intelligence chatbot service Ernie Bot during the 2nd Global Digital Trade Expo at Hangzhou International Expo Center on November 23, 2023 in Hangzhou, Zhejiang Province of China. China News Service | China News Service | Getty Images Nvidia’s rocket-ship ride in the stock market underscores the extent to which chip...
Why you’re seeing the term ’high-functioning’ all over social media
On TikTok you’ll find millions of users diagnosing themselves using the term ”high-functioning” — high-functioning anxiety, high-functioning depression, high-functioning autism. The term ”high-functioning” isn’t actually clinical, but, generally, it refers to those who perform well in work and in school. So if someone has high-functioning depression, it means they are excelling at their job, despite...
World’s biggest shipping firm dumps port cargo problem on U.S. companies
MSC, the largest ocean carrier in the world, has joined the list of ocean carriers terminating the delivery of diverted containers outside of the port for shipping clients as a result of the container ship accident near the Port of Baltimore that led to the tragic bridge collapse. With the Baltimore port indefinitely closed, the...
FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud
FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for the massive fraud and conspiracy that doomed his cryptocurrency exchange and a related hedge fund, Alameda Research. The sentence in Manhattan federal court was significantly less than the 40 to 50 years in prison that federal prosecutors wanted for Bankman-Fried. But...
Trump selling $60 ’God Bless the U.S.A.’ Bibles with Lee Greenwood
Former U.S. President and Republican presidential candidate Donald Trump addresses the Pray Vote Stand Summit, organized by the Family Research Council in Washington, September 15, 2023. Jonathan Ernst | Reuters Donald Trump on Tuesday started promoting a line of pricey Bibles in partnership with country music star Lee Greenwood, whose song ”God Bless the U.S.A.”...