Tag: NASDAQ:PARA
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Wall Street Highlights for Wednesday: CPI, Airbnb, Twilio, Alphabet, Upstart and more
US Index Futures reversed higher after the latest inflation reading. Dow Jones futures were up 0.2%, while S&P 500 and Nasdaq-100 futures were up more than 0.3% each. The consumer price index, which measures the cost of a wide range of goods and services, rose 0.4% in April, despite more than a year of Federal Reserve…
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Thursday’s Wall Street Highlights: PacWest, Salesforce, Shell, Moderna and more
On Thursday, US stock futures saw a pullback as investors eyed the Fed’s recent decision, as well as ongoing banking sector stress and Apple’s upcoming earnings release. By 8:07 AM, Dow Jones futures were down 131 points, or -0.39%. S&P 500 futures were down -0.41%, while Nasdaq-100 futures were down 0.15%. On Wednesday, the Dow fell…
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Paramount Settles with Investors in Viacom-CBS Merger Lawsuit
Paramount Global has agreed to pay $167.5 million to investors to settle a lawsuit resulting from the 2019 merger between entertainment company Viacom Inc and CBS Corporation. It was stated in the documents submitted to the authorities. According to filings released Friday by the Securities and Exchange Commission (SEC), Paramount (NASDAQ:PARA) and investors agreed to…