The leadership team at Paramount Global recently presented a detailed go-forward plan at the company’s annual shareholder meeting. This plan serves as a backup in case the proposed sale of the company does not go through. The presentation highlighted strategic priorities, cost reduction initiatives, and plans to divest noncore assets. One of the key strategic
Digital
Dutch digital bank Bunq is facing challenges in securing a banking license from U.K. financial regulators. The CEO and founder, Ali Niknam, expressed hope that they will be successful in obtaining the license by the end of this year or early next year. The process may be more complex due to the differences in regulatory
Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. The fintech startup revealed in its annual financial report that it had achieved pre-tax profits amounting to £15.4 million ($19.6 million) during the 2023-2024 fiscal year. This marked a significant turnaround from the previous year, where Monzo
Investors looking for stability and growth potential may want to consider tech giant IBM. With a solid track record of paying dividends and generating free cash flow, IBM offers a dividend yield of about 4%. Despite facing challenges in the first quarter, including a mixed revenue performance and macro uncertainties, IBM remains a favorite among
The CEO of VanEck, Jan van Eck, has highlighted a significant sentiment shift in the cryptocurrency market following the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. Van Eck expressed his amazement at this development, stating that it is one of the most remarkable occurrences he has witnessed
Despite higher profits and lower costs, Best Buy missed Wall Street’s quarterly sales expectations. The retailer saw a drop in revenue from the previous year, with sales ranging from flat to a 3% decline. The company blamed softer demand for consumer electronics as a contributing factor to these lackluster results. Best Buy has been struggling
Semler Scientific, a relatively unknown medical technology company, made headlines recently when it revealed its decision to make bitcoin its primary treasury reserve asset. This strategic move, reminiscent of MicroStrategy’s approach, caused a surge in Semler’s shares by a staggering 37% on Tuesday. Alongside this announcement, Semler disclosed the purchase of 581 bitcoins valued at
Porsche recently introduced the first-ever production hybrid version of its renowned 911 sports car – the 2025 911 Carrera GTS. This new model comes with a starting price of $164,900, marking a significant shift in the direction of the iconic German sports car. With the automotive industry’s increasing emphasis on electrified vehicles and stricter fuel
The Consumer Financial Protection Bureau recently announced new regulations for the growing buy now, pay later (BNPL) industry. According to the agency, BNPL lenders must adhere to the same federal protections as traditional credit card providers under the Truth in Lending Act. This means that companies like Affirm, Klarna, and PayPal must comply with rules
Family offices, which manage the wealth of high net worth individuals, are increasingly becoming targets for cybercriminals. A recent survey conducted by Dentons revealed that 79% of North American family offices believe that the likelihood of a cyberattack has significantly increased in recent years. With only a quarter of family offices reporting that they have