Paramount Global’s stock slumped 8% on Thursday after CNBC’s David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison’s Skydance Media, according to sources familiar with the deal. This deal comes as media mogul Shari Redstone, the controlling shareholder of … Read more
Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week. The flagship cryptocurrency was last lower by 4% at $64,061.09, according to Coin Metrics. Earlier it fell to as low as $62,320.30, after reaching a record of $73,679 last week. “As ETFs buy up available supply of bitcoins on … Read more
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Ministry of Commerce met with foreign businesses in Beijing this week in an effort to address operating challenges, but … Read more
This pool picture distributed by Sputnik company exhibits Russian President Vladimir Putin assembly with the Tver area governor on the Kremlin in Moscow on August 9, 2023. Mikhail Klimentyev | AFP | Getty Photographs The Russian ruble slid previous 100 to the U.S. greenback on Monday, nearing a 17-month low as President Vladimir Putin’s financial advisor blamed unfastened financial coverage … Read more