Small-cap stocks in the US are grappling with the specter of sustained high interest rates as the Federal Reserve grapples with inflationary pressures, casting a shadow over their performance compared to broader market indices this year. The end of 2023 ...
Microsoft is placing security as its top priority for all employees, in response to years of security challenges and increasing criticisms. Following a damning report from the US Cyber Safety Review Board, which highlighted inadequacies in Microsoft’s security culture, the ...
Trump Media’s auditing firm, BF Borgers CPA, and its owner, Benjamin Borgers, faced severe charges of “massive fraud” from the Securities and Exchange Commission (SEC) on Friday, as revealed by the federal regulator. Both BF Borgers CPA and Benjamin Borgers ...
Paramount Studios finds itself at a crossroads as negotiations with Skydance, a prominent movie studio, hit a significant obstacle. The Hollywood giant has decided not to extend Skydance’s exclusive window to negotiate a merger, signaling potential trouble for the proposed ...
In a significant legal development, the U.S. Supreme Court has been petitioned to reconsider the staggering $667 million in legal fees and costs awarded to plaintiffs’ lawyers in a high-profile class-action settlement with Blue Cross Blue Shield. The settlement, totaling ...
In a concerning development, Sergei Mingazov, a journalist working with the Russian edition of Forbes, has been apprehended on suspicion of disseminating false information about the Russian military, according to statements from the magazine. Mingazov’s lawyer, Konstantin Bubon, confirmed via ...
Bristol Myers Squibb announced on Thursday that its first-quarter revenue surpassed expectations, driven by strong sales of its blood cancer treatment Revlimid and the blockbuster blood thinner Eliquis. Despite the revenue success, the pharmaceutical company reported a quarterly loss due ...
Google has navigated significant challenges over the past year, particularly concerning the emergence of generative AI and mounting regulatory scrutiny. The company’s response has been robust, with strategic shifts such as reorganizing key teams around AI, implementing changes in search ...
Paramount is on the brink of making a significant change in leadership, with plans to remove chief executive Bob Bakish, amid ongoing merger discussions with Skydance Media and the looming possibility of a counterbid from Sony and Apollo. Bakish, who ...
Comcast exceeded first-quarter earnings expectations on Thursday, primarily driven by revenue growth in broadband services, despite a slowdown in customer growth. In comparison to analysts’ estimates from LSEG, Comcast’s performance stood as follows: – Adjusted earnings per share: $1.04, surpassing ...