Sony’s finance chief, Hiroki Totoki, recently made a statement indicating that the company will not be making a fresh bid for film and TV production group Paramount Global. This decision was based on their current strategy and capital allocation structure, suggesting that acquiring Paramount may not align well with their financial objectives. Totoki’s remarks during
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The recent decrease in mortgage interest rates has sparked a surge in demand for mortgages, both from homebuyers and current homeowners looking to refinance. Mortgage application volume rose significantly last week, reaching the highest level since the start of the year. The average contract interest rate for 30-year fixed-rate mortgages also dropped to a new
As the U.S. economy faces challenges from weaker-than-expected economic data, there have been discussions around the necessity of an emergency rate cut by the Federal Reserve. Claudia Sahm, the chief economist at New Century Advisors, believes that despite the concerns, an emergency rate cut may not be needed at this point in time. Sahm argues
In times of market volatility, it is crucial for investors to consider incorporating bonds into their investment strategy. Bonds offer a level of stability and income that can help mitigate the impact of fluctuating market conditions. Joanna Gallegos, co-founder and CEO of BondBloxx, emphasizes the significance of prioritizing income and high-yield bonds as part of
Disney has announced that starting mid-October, there will be price increases on most plans for their streaming services including Disney+, Hulu, and ESPN+. The prices will go up by $1 to $2 per month, affecting both basic and premium plans. The most expensive plans on Hulu will see a substantial increase of $6 per month,
Uber has recently released its second-quarter earnings report, surpassing Wall Street estimates. The company reported earnings per share of 47 cents, compared to the expected 31 cents. Additionally, Uber’s revenue for the quarter reached $10.7 billion, exceeding the projected $10.57 billion. This marks a significant growth of 16% from the previous year’s revenue of $9.23
SunPower, once a prominent rooftop solar installer, has hit rock bottom with a recent bankruptcy filing. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a staggering 90% decrease in value throughout the year. With assets and liabilities ranging between $1 billion and $10 billion, SunPower sought Chapter 11 protection
The recent data on the unemployment rate in July has raised some concerns among economists, particularly in relation to marginally attached workers. These individuals, as defined by the Bureau of Labor Statistics, are those who are available and willing to work, but have not actively sought out employment in the four weeks leading up to
Yum Brands’ recent quarter report highlighted a variety of challenges that the company is facing, particularly with declining same-store sales at both Pizza Hut and KFC. CEO David Gibbs pointed out that factors such as the impact of the Middle East conflict and a more cost-conscious consumer have created headwinds for sales. This situation poses
Saudi Aramco, the state-owned oil giant, reported a net profit of $29.1 billion for the second quarter of the year, which marked a slight decrease of just over 3% compared to the same period last year. The company’s net income for the first half of the financial year was $56.3 billion, down from $62 billion