Paramount Global controlling shareholder Shari Redstone is open to doing a transformative deal, but market conditions are making it very difficult.
Continue readingCategory Archives: Uncategorized
GM and Ford will answer to Wall Street and the UAW with third-quarter earnings this week
GM and Ford report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union.
Continue readingThe housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back
Prices are high, supply is tight and rates are surging. The housing market is scaring off both buyers and sellers.
Continue readingAirport lounges are booming, and everyone wants in
Delta and American Express have put new restrictions on lounge access to avoid overcrowding.
Continue readingUAW says ‘more to be won’ despite record offers from automakers; declines to expand strikes
General Motors, Ford Motor and Stellantis have offered proposals that include 23% hourly pay increases during the terms of the four and a half-year deal.
Continue readingCVS to pull certain cold medicines containing decongestant phenylephrine from store shelves
CVS is voluntarily removing certain cough and cold medicines that contain phenylephrine as the only active ingredient from stores.
Continue readingBillionaires are driving South Florida home prices to new records
South Florida’s mansion boom is being driven by the continued flight of millionaires and billionaires from high-tax states like New York and California.
Continue readingDisney highlights theme park strength with new financial reporting model
Disney is slightly altering how it shares its detailed financials for its theme park division.
Continue readingLas Vegas Sands’ Asia business is booming as casino Covid recovery accelerates
With Singapore exceeding pre-pandemic levels and Macao recovering, Las Vegas Sands announced $2 billion in buybacks and a plan to put its pile of cash […]
Continue readingBig banks are quietly cutting thousands of employees, and more layoffs are coming
Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper […]
Continue reading