The Paramount Global headquarters in New York, US, on Tuesday, Aug. 27, 2024. Yuki Iwamura | Bloomberg | Getty ImagesThe Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.The deal, which was announced more than a year ago, includes the CBS broadcast television network, Paramount Pictures and the Nickelodeon channel.”Americans no longer trust the legacy national news media to report fully, accurately, and fairly,” Brendan Carr, chairman of the FCC, wrote in a statement Thursday. “It is time for a change. That is why I welcome Skydance’s commitment to make significant changes at the…
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Free condoms are seen at a community center operated by LoveYourself, a nonprofit impacted by the Trump administration’s freeze on foreign aid, on February 19, 2025 in Mandaluyong, Metro Manila, Philippines. Ezra Acayan | Getty ImagesU.S.-funded contraceptives worth nearly $10 million are being sent to France from Belgium to be incinerated, after Washington rejected offers from the United Nations and family planning organizations to buy or ship the supplies to poor nations, two sources told Reuters.A spokesperson for the U.S. State Department confirmed to Reuters on Wednesday that a decision had been taken to destroy the stock.The supplies have been stuck for months in…
Thiago Prudencio | LightRocket | Getty ImagesTesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck.The company’s digital assets are currently valued at $1.24 billion.That’s up substantially from $722 million a year ago. But anyone who’s been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in missed gains for the electric vehicle maker.Bitcoin is trading near a record and is up 80% over the past year. Tesla sold 75% of its holdings in mid-2022, when the digital currency was trading…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyMichael Contopoulos, Richard Bernstein Advisors, joins ‘Fast Money’ to talk what a new Federal Reserve chair would mean for markets and rates.04:0410 minutes ago Source link
Check out the companies making headlines in after-hours trading. Intel – Shares of the chipmaker inched up less than 1% in extended trading. That’s after the company’s second-quarter revenue of $12.86 billion topped the $11.92 billion that analysts surveyed by LSEG were expecting for the period. The company’s third-quarter revenue guidance also surpassed analyst estimates. Deckers – Shares of the shoe manufacturing company climbed 6%. Fiscal first-quarter results surpassed analysts’ estimates, with earnings landing at 93 cents a share on revenue of $965 million. LSEG consensus estimates called for earnings of 68 cents per share and $901 million in revenue.…
The front facade of the Marriner S. Eccles Federal Reserve Board Building is visible as a massive renovation continues on the building and the 1951 Constitution Avenue Building on July 24, 2025 in Washington, DC. Andrew Harnik | Getty ImagesAfter months of President Donald Trump criticizing Federal Reserve Chairman Jerome Powell for his refusal to lower the benchmark borrowing rate, the latest flashpoint to emerge in the White House’s campaign against Powell is a yearslong renovation of the Fed’s headquarters in Washington.Trump, who has ramped up political pressure on Powell by questioning his management of the renovation, visited the Fed…
Chris Martin of Coldplay performs live at San Siro Stadium, Milan, Italy, in July 2017.Mairo Cinquetti | NurPhoto | Getty ImagesDays after Astronomer CEO Andy Byron resigned from the tech startup, the HR exec who was with him at the infamous Coldplay concert has left as well. “Kristin Cabot is no longer with Astronomer, she has resigned,” a company spokesperson wrote in an email to CNBC Thursday. Cabot was the company’s chief people officer. Cabot and Byron, who is married with children, were shown in an intimate moment on the ‘kiss cam’ at a recent Coldplay show in Boston, and immediately hid…
The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty ImagesIntel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading.Here’s how the chipmaker did versus LSEG consensus estimates:Earnings per share: Loss of 10 cents per share, adjusted.Revenue: $12.86 billion versus $11.92 billion estimatedIntel said it expects revenue for the third-quarter of $13.1 billion at the midpoint of its range, versus the…
President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth in front of the press Thursday over Trump’s claims about cost overruns at the Fed headquarters in Washington.The stunning side-by-side took place as Trump began touring the Fed building in what is widely seen as the latest chapter in his pressure campaign to get Powell to lower interest rates or resign as the central bank chairman.After the two men approached the press wearing white hard hats, Trump asserted that construction costs for the ongoing renovation of two historic Fed buildings have topped $3.1 billion.”I haven’t heard that…
French President Emmanuel Macron holds a press conference, at the Elysee Palace, in Paris, Friday, June 13, 2025. Michel Euler | Via ReutersFrench President Emmanuel Macron announced Thursday that France will recognize Palestine as a state, amid snowballing global anger over people starving in Gaza.Macron said in a post on X that he will formalize the decision at the United Nations General Assembly in September. “The urgent thing today is that the war in Gaza stops and the civilian population is saved.″The French president offered support for Israel after the Oct. 7, 2023 Hamas attacks and frequently speaks out against antisemitism, but he has grown increasingly frustrated about Israel’s war in Gaza, especially in recent months.″Given its historic commitment…
