Midday stock shifts: CoreWeave, Fermi, Paramount Skydance, Gemini and others
Market Movements at Noon Here’s a look at some notable stock movements during lunchtime today: Fermi: The energy and data center development company saw an 11% drop in its stock after reporting a third-quarter loss of 84 cents per share, totaling about $347 million in net loss. Fermi had gone public in September at $21 […]
Paramount reduces expenses, SoftBank sells its Nvidia shares, Warren Buffett starts a new tradition and more in Morning Squawk.
Traders are seen working on the New York Stock Exchange on November 10, 2025, in New York City. Here are five key points investors should consider to kick off their trading day. 1. Trading Resumes Investors were optimistic following the Senate’s approval of a deal to end the government shutdown. All three major stock indices […]
Paramount Skydance Stock Rises on Strong Performance, Positive Outlook, and Cost Reductions
Paramount Skydance (PSKY) revealed its first quarterly results after the merger, and the stock jumped by 6.6% in after-hours trading yesterday. The media company’s estimated revenue reached $6.71 billion, which is flat compared to last year and falls short of the consensus estimate of $6.99 billion. In comparison to Q3 2024, the direct-to-consumer (DTC) segment […]
Former Paramount Executive Files Lawsuit Against Company, Alleges He was Dismissed for ‘Having Outdated Views’ and His Race
A former executive at Paramount has initiated a discrimination lawsuit against the company, asserting that he was dismissed due to his “old-fashioned” beliefs and his race. Joseph Jerome filed the lawsuit in a California federal court, arguing that the entertainment giant’s diversity, equity, and inclusion (DEI) policies contributed to his firing in 2024, as reported […]
Trump Associate Ellison Owns Paramount and CBS—Now He Seeks Warner Bros.
Cultural Shifts in Hollywood? There’s this cover story in Variety that makes me think—maybe, just maybe, a cultural shift is brewing in Hollywood. It’s refreshing, really. When you look at the kinds of references it includes… I mean, they actually made me chuckle. No sarcasm intended. It’s surprisingly free from those self-righteous tangents that you […]
The Argument for a Hollywood Merger in Favor of Free Markets as Paramount Faces Big Tech
Changes are on the horizon for the media streaming landscape, which could be beneficial for consumers. Warner Bros. Discovery encompasses over 60 entertainment brands, including well-known channels such as HBO, CNN, and the Discovery Channel. They are reportedly considering various options to enhance shareholder value. There appears to be interest from multiple parties, with Paramount […]
How Warner Bros. Discovery plans to spark a bidding competition — in light of Trump backing Paramount Skydance’s acquisition proposal
David Zaslav is looking to ignite a bidding war over Warner Bros. Discovery, seeking support from Donald Trump’s Justice Department to facilitate this effort. It may sound a bit outlandish, but according to initial reports, Trump’s administration aims to sell Zaslav’s company, WBD, to associates at Paramount Skydance, led by CEO David Ellison and his […]
Paramount to Cut 1,000 Jobs on Wednesday in Initial Wave of Layoffs
Paramount to Lay Off 1,000 Employees in Major Restructuring Paramount is set to cut 1,000 jobs this Wednesday as part of a significant restructuring under the new leadership of CEO David Ellison. According to reports, the layoffs will impact the company’s nearly 2,000 employees. TheWrap shared that further job reductions may occur later as the […]
Paramount Skydance plans to cut 1,000 jobs this week as the first round of significant layoffs.
Paramount Skydance Plans Significant Layoffs Starting Wednesday, Paramount Skydance will begin the process of laying off 1,000 employees. This initial wave is part of a larger effort that aims to reduce around 2,000 jobs in total, as CEO David Ellison seeks to achieve $2 billion in cost reductions. These layoffs mark the first substantial restructuring […]
‘Yellowstone’ Creator Taylor Sheridan Leaves Paramount for NBC
Taylor Sheridan Moving to NBCUniversal from Paramount Taylor Sheridan, a standout figure in television creation, is set to depart from Paramount and join NBCUniversal. This substantial five-year deal for film, television, and streaming will kick off on January 1, 2029, once his existing agreement with Paramount concludes. His ongoing projects at Paramount include Mayor of […]