Paramount shares surge more than 14% after new report raises spinoff possibility
Paramount Worldwide (Pala) shares soared 14% on Friday Thursday evening reporting deadline Private investment firm RedBird Capital and Skydance Media …
Finance
Anglo American slashes production to cut costs, shares tumble
(Bloomberg) — Anglo American Plc tumbled 18% as it announced plans to sharply reduce the amount of commodities it mines …
U.S. nonfarm payrolls growth in November undermines the Fed’s case for cutting interest rates in early 2024
NEW YORK, Nov. 11 (Reuters) – U.S. job growth accelerated and the unemployment rate fell to 3.7% despite more people …
Stock futures steady on nerves ahead of U.S. jobs data: Market wrap-up
(Bloomberg) — U.S. stock futures held steady on Friday as traders awaited a key U.S. jobs report for more evidence …
TSMC’s November sales fell 7.5%, technology recovery uneven
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s sales fell again last month after growing in October, signaling that the global chip …
Futures: Four giants enter buying zone, leading market rebound
Dow Jones futures, S&P 500 futures and Nasdaq futures were little changed overnight ahead of the November jobs report on …
China stocks test key support levels as selloff widens
(Bloomberg) — China’s stock market benchmark is approaching a key technical loss level amid an ongoing sell-off, with a fall …
JPMorgan said a broad scenario could undermine the bearish outlook for stocks in 2024. It looks like this might become a reality.
Reuters JPMorgan’s downbeat outlook for stocks in 2024 could be derailed by a surge in small-cap stocks. Technical strategist Jason …
Despite slowing sales growth, Broadcom CEO expects windfall gains from artificial intelligence
(Bloomberg) — Broadcom Inc, the chip supplier to Apple and other big tech companies, expects rapid expansion of artificial intelligence …
Broadcom expects lower-than-expected revenue as corporate spending weakens
Author: Arsheeya Bajwa and Chavi Mehta (Reuters) – Chipmaker Broadcom on Thursday forecast annual revenue below Wall Street estimates as …