China is currently in discussions with the European Union regarding the planned tariffs on imported Chinese electric cars. The European Commission has warned that if an agreement is not reached, additional duties will be imposed on Chinese EVs starting July 4th, with definitive measures taking effect a few months later. The Ministry of Commerce in
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The recent increase in first-time applications for U.S. unemployment benefits and the rise in the number of people on jobless rolls towards the end of June have pointed towards a gradual cooling in the labor market. This ebbing labor market momentum, coupled with abating inflation pressures, has put the Federal Reserve on track to potentially
In midday trading, media and entertainment stock Paramount Global saw a significant increase of over 9% after news broke that Skydance Media has reached a preliminary merger deal with controlling shareholder National Amusements. CNBC reported that Paramount Global’s special committee is currently reviewing and voting on the agreement. This positive development has undoubtedly captured the
General Motors has been hit with a significant penalty of $145.8 million following a government investigation that found excess emissions from approximately 5.9 million GM vehicles. This penalty comes as a result of vehicles from the 2012-2018 model years emitting more carbon dioxide than originally reported. The Environmental Protection Agency (EPA) found that these vehicles
According to NRG, Screen Engine, and other three-week-in-advance box office tracking services, the highly anticipated Disney/Marvel Studios film, Deadpool & Wolverine, is poised to have a domestic box office opening in the range of $160 million-$165 million. This figure would not only make it the best opening of the year so far but also set
General Motors recently reported its best quarterly sales performance in over three years, showcasing significant growth in various segments. The Detroit automaker’s second-quarter sales reached 696,086 units, marking a 0.6% increase from the previous year and the highest number of units sold since the fourth quarter of 2020. Notably, the sales of General Motors’ all-electric
The U.S. stock market is facing a downward trend with futures pointing lower on Tuesday. This comes after a previous session where the main indices on Wall Street experienced a slight rise in light pre-holiday trading. The Dow futures contract has dropped by 0.3%, S&P 500 futures by 0.3%, and Nasdaq 100 futures by 0.4%.
European stock markets experienced a slight decline on Tuesday as investors waited for the latest inflation data from the region. The DAX index in Germany was down by 0.6%, the CAC 40 in France fell by 0.6%, and the FTSE 100 in the U.K. dropped by 0.4%. The upcoming June inflation data release is expected
The real estate market in Manhattan is experiencing a significant shift, with apartment prices on the decline and inventory on the rise. Reports indicate that the average sales price for real estate in Manhattan has fallen by 3% to slightly over $2 million. Additionally, the median price decreased by 2% to $1.2 million, while luxury
Barry Diller, media mogul and former head of Paramount Pictures, is reportedly exploring a bid for Paramount. The New York Times has reported that Diller’s company, IAC Corp., has signed nondisclosure deals with National Amusements Inc., the controlling stakeholder of Paramount. This news comes amidst ongoing talks between various potential buyers and Paramount. The Paramount
Salesforce, a widely recognized and successful software company, faced criticism from investors due to its compensation plan for top executives. The company’s CEO, Marc Benioff, received a significant increase in total pay for the 2024 fiscal year, which raised concerns among shareholder advisory groups. This article delves into the details of the controversy surrounding Benioff’s
Lionsgate recently announced the release date for the action crime thriller “1992,” starring Ray Liotta in one of his final film roles. The movie is set to hit theaters on Labor Day weekend, August 30. Alongside Liotta, the film features Tyrese Gibson in a co-starring role. In addition, Snoop Dogg has joined the project as
The European Union regulators have recently accused Meta, the parent company of Facebook, of violating antitrust rules by failing to comply with the bloc’s regulations regarding its new ad-supported social networking service. The Commission has criticized Meta’s ad-supported subscription option, labeling it as a “pay or consent” model, which essentially forces users to either pay
In the first six months of 2024, activist investors launched campaigns at a record number of companies globally, as reported by data from Barclays. This increase in activity has sparked speculation among bankers, lawyers, and investors about potentially more costly battles between activist shareholders and management over leadership changes, spin-offs, and outright sales in the