Investing.com — Holders of Paramount Global Class B (NASDAQ: PARA) shares have good reason to be excited about last evening's official Sony (NYSE: SONY)/Apollo (NYSE: APO) $26 billion bid for the company.
Data from Matrix Asset Advisors - one of PARA's shareholders - accessed exclusively by Investing.com shows that the smaller premium paid for Shari Redstone's National Amusements Inc. (NAI) by Sony/Apollo would imply a price of around $20/share for PARA's common... (continue reading...)
The focus of the oil markets seems to have shifted away from geopolitical context, indicating looser rather than restrictive supply and demand fundamentals in the future. This is the assessment of Julius Baer, which released a note to clients and the market on Friday, reinforcing the view of a drop in the energy commodity's price amid robust supply in North America, which would pressure prices to around $70 still this year.
“We maintain our cautious view. The... (continue reading...)
The latest non-farm payroll (NFP) data has dropped, and analysts have been quick to provide their thoughts on its meaning for the US economy. This key jobs report can signal economic health and future Federal Reserve policy decisions, so market reactions are often swift and varied.
NFP numbers breakdownThe latest data revealed the U.S. economy added fewer jobs than anticipated in April.
The report showed that nonfarm payrolls were 175,000 last month, lower than the... (continue reading...)
Investing.com -- Main U.S. indexes rose Friday, as generally positive earnings helped boost overall sentiment, while a soft monthly jobs report fueled hopes the Fed would begin cutting rates in September.
Here are some of the biggest U.S. stock movers today:
Apple (NASDAQ: AAPL) stock rose 7% after the iPhone maker reported a drop in revenue in the opening three months of the year, but still topped analysts' downbeat projections,... (continue reading...)
Investing.com -- The U.S. economy added fewer jobs than anticipated in April, but the overall employment picture remained relatively solid, potentially impacting when markets expect the Federal Reserve to roll out possible interest rate reductions this year.
The Labor Department's closely-monitored labor market report showed that nonfarm payrolls came in at 175,000 last month, down from an upwardly revised total of 315,000 in March. Economists had predicted a reading of... (continue reading...)
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