The recent news of Paramount Global agreeing to merge with Skydance marks a significant shift in the entertainment industry. After a monthslong negotiation process filled with twists and turns, the Redstone family will be stepping away from control of the storied movie studio and media company. This decision comes after Paramount’s special committee approved the
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In 2023, there has been a significant surge in employment scams, with criminals leveraging artificial intelligence to target unsuspecting job seekers. According to experts, consumer reports of job scams increased by 118% from the previous year, highlighting a growing trend of fraudulent activities in the job market. Scammers often pose as recruiters and post fake
Micron Technology is a chipmaker that has been receiving a lot of attention from top-rated Wall Street analysts. Despite recent concerns about a potential economic slowdown, Micron Technology has managed to outperform expectations in the fiscal third quarter. The company’s strong performance can be attributed to the rising demand for artificial intelligence (AI) technology, which
Wall Street closed the trading week on a positive note, with tech stocks taking the lead. The Dow Jones Industrial Average saw a modest gain of under 1%, while the S & P 500 and Nasdaq closed at record highs, climbing nearly 2% and 3.5%, respectively. This positive momentum continued from the previous month and
The semiconductor industry is currently facing a significant talent shortage amidst a tight labor market. The competition for skilled workers is intensifying as funding from the CHIPS and Science Act is being rolled out to boost domestic production. A recent study by the Semiconductor Industry Association projects a shortfall of up to one million workers
The IRS is currently facing a major issue with a backlog of tax identity theft cases, with approximately 500,000 unresolved cases as of April. This number has seen an increase from 484,000 cases reported in September. Victims of identity theft have been left waiting for more than 22 months for resolution, exacerbating the issue further.
Young, wealthy investors are breaking away from the traditional investment strategies preferred by their parents. Research from Bank of America shows that investors between the ages of 21 and 43 with at least $3 million in investable assets are opting for alternative assets such as hedge funds, private equity, and crypto and digital assets. In
In the movie “Thelma,” a 93-year-old woman falls victim to a scam call where she is tricked into sending $10,000 to a P.O. Box address after believing it was her grandson in need. This type of scam, also known as grandparents’ scams or family emergency scams, is unfortunately all too real in today’s world. According
Samsung Electronics recently witnessed a significant surge in its stock prices, reaching the highest level since January 2021. This spike comes as the South Korean tech giant announced better-than-expected profit projections for the second quarter of the year. The stock soared by as much as 2.24% on Friday morning, hitting a peak of 86,500 Korean
The world of competitive eating saw a new champion emerge at the Nathan’s Hot Dog Eating Contest this year. Patrick Bertoletti, a 39-year-old from Illinois, stole the show by consuming a whopping 58 hot dogs in the 10-minute competition. This victory not only earned him the coveted Mustard Yellow Belt in the men’s category but