PARA Jul 2024 8.000 call
- Yahoo Finance Video
April JOLTS data, Ford sales, E-Trade considers ban: Catalysts
The US Bureau of Labor Statistics' JOLTS data (Job Openings and Labor Turnover Survey) for April fell below forecasts, posting a print of 8.06 million for the month. In this episode of Catalysts, Brad Smith and Madison Mills are joined by Citi Economist Veronica Clark and Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels to review what the latest JOLTS print indicates about the US economy. As GameStop (GME) shares settle back down, trading platform E-Trade is reportedly considering banning retail trader Keith Gill — who goes by "Roaring Kitty" on social media — on claims of supposed market manipulation around the meme stock. Wall Street Journal Reporter AnnaMaria Andriotis, the journalist who originally broke the story, sits down with Yahoo Finance. ABB (ABBNY, ABBN.SW) Chairman Peter Voser shares his thoughts on the rate of growth in EV charging infrastructure and whether more private sector investments need to flow into the space to allow it to flourish. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
What the Paramount-Skydance merger could mean for investors
Paramount (PARA, PARAA) has reportedly agreed to the terms of a deal to merge with Skydance Media. MoffettNathanson Senior Research Analyst Robert Fishman joins Catalysts to break down how investors should digest the move. The media giant announced several new measures at its annual meeting, from job cuts to streaming opportunities, which Fishman explains comes at "an awkward time" amid the Skydance deal uncertainty. The company's controlling shareholder, Shari Redstone, ultimately has the final say on the deal, Fishman explains: "It's possible that there's a deal in place already, so it should be known within the next few days — I think is what the reporting suggests — whether Shari wants to go forward or not. But this alternative scenario with the office of the CEO and the updated plan that was laid out today would probably be the marching orders if Shari decides not to go forward with Skydance for whatever reason." He notes that regardless of a deal, Paramount should remain focused on cost-cutting measures "given the pressures of the revenue and cord cutting, and even more so, advertising recently as secular challenges for the entire TV ecosystem continue to emerge and get worse." He reiterates that the annual meeting has laid out the company's plans if the deal falls through. However, he sees the deal crossing the finish line as a "more likely" outcome. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Barrons.com
Streamers Paramount and Warner Bros Are Changing the Game
Paramount plans “transforming streaming” to help make up for declines in the linear business, as traditional TV continues to lose viewers.
