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Sony’s chief financial officer, Hiroki Totoki, made it clear on Wednesday that the company will not be making a fresh bid for film and TV production group Paramount Global. During Sony’s fiscal first-quarter earnings presentation, Totoki stated that an acquisition of Paramount does not align with their current strategy. He emphasized that acquiring Paramount would
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Despite recent weaker-than-expected economic data, Claudia Sahm, chief economist at New Century Advisors, believes that the U.S. Federal Reserve does not need to resort to an emergency rate cut. In her opinion, the current circumstances do not warrant such drastic measures. Rather, Sahm suggests that a 50-basis-point cut may be more appropriate given the need
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In the current market environment, where volatility has become the new norm, investors are looking for ways to protect and grow their wealth. Bonds have emerged as a popular choice for investors seeking stability and income in their portfolios. According to Joanna Gallegos, co-founder and CEO of BondBloxx, prioritizing income and high-yield bonds can be
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SunPower, once a leading rooftop solar installer, has now fallen into the depths of bankruptcy. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a staggering 90% collapse this year. In a Chapter 11 protection filing, SunPower declared assets and liabilities ranging from $1 billion to $10 billion, painting a
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Disney recently announced that starting mid-October, the prices for most plans on Disney+, Hulu, and ESPN+ will see an increase of $1 to $2 per month. The most significant price increase comes for the Hulu plans that include live TV, which will see a $6 bump in monthly fees. Disney+ basic and premium plans will
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Yum Brands recently reported a mixed quarter, with both Pizza Hut and KFC experiencing declining same-store sales. The CEO, David Gibbs, cited the impacts of the Middle East conflict and a more cost-conscious consumer as factors contributing to these challenges. Despite these headwinds, sales trends in the U.S. have shown improvement compared to the previous
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