Jim Cramer's Thursday rapid fire: Snowflake, Best Buy, Paramount, Okta and Celsius – CNBC
Jim Cramer provides daily rapid-fire analysis of stocks featured in non-portfolio news on CNBC Investing Club. Snowflake: Weak guidance and CEO Frank Slotman’s retirement announcement sent the stock down nearly 20%. Jim Cramer said Thursday that he is a big fan of Mr. Slottman and that the CEO’s planned departure is a blow to the […]
Warner Bros. Discovery halts merger talks with Paramount Global
A list of potential suitors for Paramount Global was released on Tuesday after Warner Bros. Discovery announced it would no longer pursue merger talks with the struggling media giant, according to reports. Shrunk. CNN’s parent company, Shari Redstone, struggled for months before making the decision to exit Shari Redstone’s debt-ridden company, CNBC reported, citing sources […]
The theory as to why Paramount âlaid offâ journalist Catherine Herridge
I don’t like conspiracy theories. In fact, when I’m bombarded with claims that the evil forces of Wall Street are conspiring to ruin small investors, I always shoot them dead. Such “rip-offs” are easy to explain with logic and a reasonable understanding of how markets work. This theory, which is circulating, is worth noting because, […]
‘Top Gun’ actor Barry Tubb sues Paramount Pictures for using his image in sequel
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First Paramount, now Apple. Buffett’s Berkshire sells shares of tech giant
Dan Niles, senior portfolio manager at SATORI Fund, talks about Apple’s outlook for 2024 on “The Craman Countdown.” Berkshire Hathaway sold some of its Apple shares. With the sale of just over 10 million shares, Warren Buffett’s conglomerate reduced its holdings in Paramount Global by 32% in the fourth quarter and made other portfolio adjustments. […]
Paramount+ parent talked with Comcastâs Peacock about streaming deal: report
Paramount Global recently held talks with Comcast about working together on a streaming deal. wall street journal reported on Friday, citing people familiar with the matter. According to the report, the two companies discussed a streaming partnership or joint venture between Paramount+ and Peacock, among several strategic options that Paramount was pursuing. The development comes […]
Warren Buffett’s Berkshire Hathaway shrinks Paramount stock holding
FOX Business’ Charlie Gasparino details Paramount’s cash flow problems on “Craman Countdown.” Berkshire Hathaway, the conglomerate run by billionaire investor Warren Buffett, has sold about 30.4 million shares from its investment in Paramount Global. The fourth-quarter move disclosed Wednesday was a 32% decrease from the approximately 93.7 million shares held by the conglomerate at the […]
Paramount shares plunge after Warren Buffett’s Berkshire Hathaway cuts stake in media giant
Warren Buffett’s Berkshire Hathaway is selling a third of its stake in troubled media giant Paramount, according to a regulatory filing Wednesday. The stock plunged more than 7% in after-hours trading. Berkshire Hathaway owns a 15% stake in Paramount and is exploring the possibility of selling it, and he is expected to relinquish his remaining […]
Paramount Global Begins Mass Layoffs After CBS Scores Super Bowl Ratings Victory
How Paramount Global is celebrating Super Bowl ratings win over CBS? By laying off hundreds of employees. Paramount Global, which owns CBS, Paramount Pictures, Pluto TV, Comedy Central, BET and numerous other media properties, will lay off about 800 people, or 3 percent of its workforce, on Tuesday, according to an internal memo from its […]
CBS owner Paramount cuts 800 jobs two days after record-setting Super Bowl
CBS parent company Paramount Global plans to cut hundreds of jobs just days after broadcasting the most-watched Super Bowl in history, according to a report Tuesday. The job cuts will reduce the company’s workforce by about 3 percent, the Guardian reported. reportIt said staff were notified of the decision on Tuesday. “To those who have […]