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Paramount shares drop as top execs unveil $500M cost-cutting plan

Paramount Global shares fell on Tuesday after its chief executives announced a major restructuring plan that included $500 million in annual cost cuts. The company’s future remains uncertain amid talks of a possible merger with Skydance Media. The executives — CBS President and CEO George Cheeks, Showtime/MTV Entertainment Studios President and CEO Chris McCarthy and […]

BlackRock Bitcoin ETF Gains $500M as Wall Street Appetite for BTC Grows – Decrypt

Demand built up over many years Bitcoin (BTC) Exchange-traded funds (ETFs) continue to generate intense activity around the top cryptocurrencies, with this new investment vehicle posting its strongest days ever. BlackRock, the world’s largest fund manager, is leading the way. Yesterday alone, the fund manager’s iShares Bitcoin Trust saw an inflow of $493 million. There […]

Elon Musk denies AI startup has raised $500M of $1B goal

Barney & Co. host Stuart Barney responded to a Wall Street Journal report detailing the Tesla CEO's drug habit. Billionaire Elon Musk denied his remarks. Artificial intelligence (AI) xAI has secured commitments to reach half of its $1 billion investment goal. “This is not accurate at all.” Mr Musk wrote It was posted on X […]