AT&T said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator.AT&T in 2021 signed a joint-venture agreement with TPG, which contributed about $1.8 billion in cash in exchange for a 30% stake in DirecTV that was valued at about $16 billion at the time.The telecom company had agreed not to sell its stake in DirecTV for a three-year period, which expired on July 31.The stake sale would allow AT&T to focus on its core wireless and fiber…
Author: usaeverydaylife
Britain’s economy grew more slowly than previously thought in the second quarter but there were also some signs of improvement in household finances ahead of next month’s annual budget.Economic output expanded by 0.5% in the April-to-June period, the Office for National Statistics said on Monday.The reading was slightly weaker than a preliminary estimate for a 0.6% growth in gross domestic product and was below economists’ forecasts for another 0.6% rise.”The UK’s GDP grew by slightly less than originally estimated in the second quarter of this year, but overall the UK economic outlook has improved considerably since the start of the…
(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A banking giant and a consulting company were among the stocks being talked about by analysts on Monday. Morgan Stanley downgraded JPMorgan Chase to equal weight from overweight. Meanwhile, TD Cowen raised its rating on Accenture to buy from hold. Check out the latest calls and chatter below. All times ET. 5:50 a.m.: Morgan Stanley downgrades JPMorgan Chase to equal weight JPMorgan Chase is among the worst-positioned for rate cuts through the end of 2025, according…
Newly-elected leader and sitting chairperson of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks during a press conference following his election in the party leadership elections on September 27, 2024 in Tokyo, Japan.Pool | Getty Images News | Getty ImagesJapan’s incoming prime minister, Shigeru Ishiba, said on Monday he will call a general election for Oct. 27 following his victory in one of the closest ever leadership races for the ruling Liberal Democratic Party.The poll, which will come a year early and ahead of the U.S. presidential election in November, will decide which party controls parliament’s lower house. Lawmakers there will meet tomorrow to…
Growing up in Nara, Japan, one food that was a constant in my home was tofu. It’s truly been a lifelong staple. When I was a baby, once I could eat solids, my mom commonly prepared two dishes for me — one was a mix of tofu, rice porridge, sweet potato, kabocha (squash), and nori (seaweed) paste, and the other was miso soup with rice porridge.I carried on that culinary tradition with my two kids when they were small. I never bought any ultra-processed baby food; instead I opted for tofu. It saved me time, money and stress, and it was…
General view of the Towers and oil platforms of the State oil Company of Venezuela, Venezuelan oil Company SA.Jose Bula Urrutia | Future Publishing | Getty ImagesOil prices didn’t react sharply on Monday after Hezbollah confirmed that its leader was killed on Friday in an Israeli airstrike in the Lebanese capital of Beirut.Over the weekend, Israel Defense Forces reported that Hassan Nasrallah, who had led the Iran-backed militant group Hezbollah for over thirty years, was killed on Friday during a “targeted strike” on the group’s headquarters in Beirut.Hezbollah, classified as a terrorist organization by several countries including the U.S. and…
How many budgeting methods leave you with $0 at the end? Just one. But despite its name, the zero-based budgeting method can give a big boost to your finances by encouraging mindful spending and saving. Every dollar is given a specific purpose, helping you reach your goals and feel better about your bottom line.Compare savings accountsWhat is zero-based budgeting? Zero-based budgeting is a spending strategy that assigns every penny of your monthly income to a job. It might sound like you’re spending all your money, but this budgeting technique should help you bring the same focus to your savings and debt…
The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021.Jeff Kowalsky | Afp | Getty ImagesStellantis on Monday trimmed its 2024 annual guidance on the back of deteriorating “global industry dynamics” and bolstered competition from China, sending Milan-listed shares lower on open.The French-Italian conglomerate, known for brands such as Chrysler, Dodge, Jeep and Maserati, warned of lower-than-expected sales “across most regions” in the second half of the year. It now pencils in an adjusted operating income (AOI) margin between 5.5% to 7.0% for the full-year 2024 period, down from a…
Dannielle Caldwell went to Belmont University in Nashville to major in music. But once she got there, she discovered the discipline of music therapy and immediately switched her major.”I knew that I wanted to help people with music,” the 25-year-old tells CNBC Make It. After finishing her degree in 2021, she started working as a music therapist full-time.”It is incredibly fulfilling because we get to impact clients in such great ways,” she says.Music therapy is a clinical discipline that uses sound, instruments and lyrics to help patients of all ages with a variety of afflictions, from physical disabilities to emotional…
Skyline of Tokyo, Japan.Jackyenjoyphotography | Moment | Getty ImagesJapan’s Nikkei 225 tumbled over 4% on Monday, following a mixed set of economic data out of Japan and as traders reacted to the election of incoming Prime Minister Shigeru Ishiba.Japan’s August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July.Ishida had beaten Economic Security Minister Sanae Takaichi in the final round of the Liberal Democratic Party election on Friday, sending the yen into a volatile session.That means the Bank of Japan “will not face any political hurdle for…
