-Skydance Media has reached a preliminary agreement to buy Shari Redstone's family company National Amusements and merge with Paramount Global, the Wall Street Journal reported on Tuesday.Redstone's National Amusements plans to refer the new deal to a Paramount special committee for review, the report said, citing people familiar with the matter.Paramount declined to comment, while National Amusements and Skydance did not immediately respond to Reuters request for comment.
As the first half of 2024 concludes, Canadian markets have shown resilience with solid gains, particularly benefiting from sectors like utilities and gold while maintaining lower volatility. This backdrop sets an intriguing stage for investors focusing on TSX dividend stocks, which may offer a blend of stability and potential income in the evolving economic landscape. In light of current market conditions, a good dividend stock typically features robust fundamentals and a history of reliable...
Nvidia stock remains "the most compelling narrative" in the AI semiconductor sector, according to Morgan Stanley analyst Joseph Moore.THE TRADER The stock market has been hitting new highs, but most stocks are struggling. Even news that would usually move them isn’t doing the trick, a sign that equities won’t be an exciting place to invest in a while.
When Hindenburg Research published a report into Gautam Adani’s sprawling business empire in January 2023, accusing Asia’s then richest man of fraud going back decades, the impact was immediate and explosive: about $100 billion was wiped off the value of his companies. -- It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.