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 […]
Dow plunge accelerates, on pace for worst day of 2024
Forbes Media CEO Steve Forbes and Public Ventures President Lou Basenise are reacting to the drop in stock prices due to a higher-than-expected rise in the consumer price index. U.S. stocks fell broadly after a better-than-expected inflation report could jeopardize the Federal Reserve’s plans to cut interest rates. The Dow Jones Industrial Average fell more […]
Peloton shares plunge more than 20% after dismal forecast
Peloton Interactive lowered its full-year revenue forecast amid a two-year restructuring effort, sending the exercise equipment maker’s stock to an all-time low on Thursday. The stock price fell 24% to a low of $4.17, and closed at $4.21 on Thursday. The company now expects full-year 2024 sales to be between $2.68 billion and $2.75 billion, […]
BofA: NY Community Bancorp plunge isn't indicative 'of wider problem' – CNBC
Bank of America said New York Community Bancorp’s problems are unlikely to herald another banking crisis. New York CB stock plunged more than 37% on Wednesday, its worst day since going public in 1993. The brutal drop came after the bank reported a loss in the fourth quarter, a $552 million provision for credit losses […]
Shares plunge for saviour of failed Signature Bank – Financial Times
Stay informed with free updates Just sign up for us bank myFT Digest — delivered straight to your inbox. New York Community Bancorp’s stock price plummeted Wednesday after the financial company that acquired the failed Signature Bank during last year’s regional banking turmoil cut its dividend and reported an unexpected loss in an effort to […]
Dr Martens’ revenue plummets by a fifth as US sales plunge | Dr Martens
Dr Martins said its sales fell by nearly a fifth in the last three months of 2023 as US sales continued to decline and inflation-weary consumers continued to rein in spending. . The British bootmaker said in a trading update on Thursday that third-quarter sales were down 18% to £274m, and like many retailers it […]
Harrowing video shows tech CEO plunge to his death in freak iron cage accident in front of employees at company party
What was supposed to be a company celebration quickly turned into a tragedy as the CEO of a technology company fell to his death in front of his employees. The tragic death occurred at a promotional event for the Illinois-based company. Vistex CEO Sanjay Shah and Vistex President Vishwanath Raju Datla gave a deadly performance […]
Video shows tech Vistex CEO plunge to death at India company party
A day of celebration quickly turned into a horror show after the CEO of an Indian technology company fell 15 feet to his death in front of horrified employees in an on-stage accident. Vistex CEO Sanjay Shah and Vistex President Vishwanath Raju Datla were inside a steel cage being lowered onto the stage as part […]
This Week in Coins: Despite ETF Hype, Bitcoin and Ethereum Plunge Hard – Decrypt
Illustration by Mitchell Preffer of Decrypt. More than a week after the launch of the Spot Bitcoin Exchange Traded Fund (ETF), the cryptocurrency market is in trouble. Over the past week, Bitcoin (BTC) has lost more than 10% of its value. according to To CoinGecko. The largest digital coin by market capitalization currently costs $41,002. […]
Video shows Utah firefighter rescue pup from polar plunge
A heartwarming video captured the moment a Utah firefighter bravely jumped into a partially frozen pond to rescue a dog, but the dog seemed reluctant to accept help. The North Davis Fire Department announced Sunday that the black pup was trapped after being submerged in the frigid waters of Steed Pond in Clearfield, a suburb […]