Paramount Global to Cut 15 Percent of Its Workforce
Amid uncertainty about the future of the entertainment industry, Paramount Global is reportedly reducing its workforce by 15 percent in a new round of layoffs. The reported cuts aim to reduce Paramount’s spending by $500 million in 2025, and will be focused primarily on marketing, communications, legal and technology. Paramount Global co-CEO Chris McCarthy announced […]
Paramount Global to lay off 15% of its US staff
Mario Gabelli, chairman and CEO of Gamco Investors, talks sports investing and the surge in small-cap stocks on “The Claman Countdown.” Paramount Global will cut about 15% of its U.S.-based workforce, co-CEO Chris McCarthy said Thursday. The media company revealed plans for job cuts while reporting second-quarter earnings. For more information on FOX Business, click […]
‘DELETED’: Elon Musk ditches CrowdStrike amid global outage
FOX Business correspondent Lydia Hu reports on a global tech outage hitting airports, hospitals and even some emergency … source
July ends 13-month streak of global heat records, but experts warn against relief | Extreme heat
The European meteorological agency Copernicus said on Wednesday that a 13-month streak of new records for global average temperatures came to an end in July this year as the natural El Niño weather pattern weakened. But average temperatures in July 2024 will be just slightly warmer than last July, and scientists said the end of […]
Microsoft blames Delta Airlines for failing to recover quickly after global outage
Microsoft on Tuesday criticized Delta Airlines after it struggled for days to recover from a global cyber outage that caused the cancellation of more than 6,000 flights. The flight disruptions left hundreds of thousands of travelers stranded and cost Atlanta-based airlines an estimated $500 million in losses. Delta CEO Ed Bastian told CNBC last week […]
US stock futures bounce back after global market sell-off
“The Craman Countdown” panelists Jack Manley and Simeon Hyman discussed market sentiment and earnings as stocks took a big hit on recession fears on Monday. Stock futures rebounded on Tuesday, a day after Wall Street experienced its worst day since 2022 as fears of a U.S. recession sparked a global stock market sell-off. Dow Jones […]
Joe Biden Boasted ‘I Cured the Economy’ Days Before Global Market Rout
President Joe Biden claimed the Biden-Harris administration had “fixed” the economy just days before the Dow Jones Industrial Average. Dropped On Monday morning, the Nasdaq fell 900 points, or 6%, as stocks tumbled globally. “I fixed the economy,” Biden said Tuesday when asked about his administration’s accomplishments. Joe Biden, last week: “I fixed the economy.” […]
Chatter about possible recession in US grows as global markets tank, ‘Bidenomics’ apparently fails to deliver
Markets around the world, including in the United States, fell sharply on Monday as investors began to openly express concern about a possible U.S. economic recession. Like Friday, global markets fell sharply on Monday. The Dow Jones Industrial Average opened down more than 1,000 points and was trading down about -2.6% overall as of mid-morning. […]
Wall Street’s fear gauge surges as global market selloff deepens
Weak jobs report sends stocks plummeting on recession fears. Adam Turnquist, chief technology strategist at LPL Financial, explains more. Wall Street’s fear index surged to its highest level in more than four years early Monday amid a global market sell-off. The Cboe Volatility Index, or VIX, a gauge of investor fear, surged 172% to 62.27 […]
Trump reacts to global stock-market selloff: 'I told you so!!!'
Former President Trump seemed pleased with the sudden drop in global stock markets on Sunday night, suggesting his Democratic rivals were to blame. “The Stock Market Crash. I TOLD YOU SO!!! Kamala has no idea. Biden is fast asleep. All caused by incompetent leadership in the United States!,” Trump wrote on his Truth social platform […]