Paramount Global is currently in the process of cutting 15% of its U.S. workforce, equating to around 2,000 jobs. These job cuts are part of a broader cost-cutting plan that the company is implementing as it prepares for a merger with Skydance Media. In order to achieve cost savings, Paramount has identified $500 million in
Marketing
JPMorgan Chase has recently implemented a generative artificial intelligence assistant, known as the LLM Suite, for over 60,000 of its employees. This move signifies a significant shift towards integrating AI technology throughout the financial institution, with expectations for it to become as commonplace as videoconferencing tools like Zoom. By leveraging external large language models, JPMorgan
E.l.f. Beauty continues to impress with its remarkable growth story, surpassing quarterly estimates once again. The cosmetics retailer reported a substantial 50% increase in sales, reaching $324.5 million in its fiscal first quarter. CEO Tarang Amin highlighted that the company experienced growth across all categories, with the Bronzing Drops serum quickly becoming a best seller
In a world where social media dominates our daily lives, the constant bombardment of influencer marketing has created a sense of overwhelm and exhaustion for many. The rise of “underconsumptioncore” presents a welcome shift away from the pressure to constantly buy more and more. This movement is gaining traction as individuals seek to live more
One of the top stock picks by Wall Street analysts according to TipRanks is Alphabet, the parent company of Google. Despite a slight miss in YouTube advertising revenue in the second quarter, analysts remain bullish on the stock. Brian Pitz from BMO Capital reiterated a buy rating on GOOGL stock with a price target of
Five9 is a company that provides intelligent cloud software for contact centers, catering to a wide range of industries including banking, retail, healthcare, and technology. The company’s virtual contact center platform offers a suite of applications that facilitate customer service, sales, and marketing operations. With a stock market value of $3.01B and a year-to-date performance
Unilever, the consumer goods giant, saw its shares rise on Thursday as it raised its full-year margin guidance and confirmed that the spinoff of its ice cream business is on track to be completed by the end of 2025. The company’s stock climbed nearly 8% during the morning, settling around 5.45% higher by 10:14 a.m.
The second-quarter results for Detroit automakers are highly anticipated on Wall Street, with General Motors expected to shine brighter than its counterparts. Analysts predict a strong adjusted profit of $2.75 per share for GM, representing a 44.2% increase from the previous year. Additionally, GM is forecasted to report $45.46 billion in revenue, up by 1.6%
Despite initial skepticism, McDonald’s $5 value meal promotion has proven to be a successful marketing strategy that is driving traffic back to its restaurants. The fast-food giant announced that nearly every business unit, encompassing 93% of its restaurants, has voted to extend the promotion past its original end date. This decision reflects the positive impact
Smith & Nephew, a British portfolio medical technology company, operates globally and specializes in developing, manufacturing, marketing, and selling medical devices and services across various segments. These include Orthopedics, Sports Medicine, Ear, Nose, and Throat, as well as Advanced Wound Management. Despite its strong market presence and brand reputation, the company has faced challenges in