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☆ Stocks making the biggest moves premarket: Tesla, Paramount, Domino's, Southwest Airlines and more
▼ + stars: | 2024-04-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Paramount — The entertainment company saw shares climb more than 5% in premarket trading after reports that its board is preparing to fire CEO Bob Bakish as soon as Monday morning. Domino's Pizza — Shares of the pizza chain jumped more than 5% after a first-quarter earnings beat. Domino's reported $3.58 in earnings per share versus the $3.39 expected by analysts polled by LSEG. Southwest Airlines — The airline stock dipped 1.2% after Jefferies downgraded shares to underperform from hold. The company also said it expects box office performance for the second quarter to remain pressured by last year's strikes.

Persons: Bob Bakish, Domino's, Jefferies, Sheila Kahyaoglu, Bernstein, Toni Sacconaghi, —, Sarah Min, Yun Li, Michelle Fox, Pia Singh, Jesse Pound Organizations: Paramount, LSEG, Southwest Airlines —, Apple, Barclays, AMC Locations: LSEG ., China

☆ Stocks making the biggest moves premarket: Netflix, Paramount, Sunnova Energy & more
▼ + stars: | 2024-04-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Intuitive Surgical — Shares of the robotic surgery firm popped 3% after posting a first quarter earnings and revenue beat. Western Alliance — Shares slipped 2% after the firm missed earnings expectations in its latest quarter. Western Alliance reported earnings of $1.60 per share, while FactSet had estimated this at $1.64 per share. The company slightly missed revenue expectations, however, posting $20.20 billion, while analysts expected $20.41 billion. American Express — Shares slid 1.5% despite the financial services company posting a first-quarter earnings and revenue beat above FactSet estimates.

Persons: Ashley Helgans, Sephora, Shopify, Morgan Stanley, Wells, Biden, SLB, LSEG, FactSet, Proctor, Gamble, — CNBC's Hakyung, Jesse Pound, Samantha Subin Organizations: Jefferies, Netflix, Energy, Western, Western Alliance, Paramount, New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, Skydance Media, Bentley Systems, Schneider Electric, American, American Express Locations: Canada, Wells, North America, — CNBC's Hakyung Kim, Tanana

☆ Stocks making the biggest moves midday: Ulta Beauty, Netflix, American Express, Ibotta and more
▼ + stars: | 2024-04-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Ulta Beauty — Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating, citing rising competition. SLB reported $8.71 billion in revenue, just above the $8.69 billion projected by analysts, according to LSEG. However, SLB did report revenue in North America was down year over year. Ibotta — Shares of the technology company fell nearly 6% a day after Ibotta's initial public offering. Intuitive Surgical — Shares ticked down nearly 2% despite the company beating on the top and bottom lines in the first quarter.

Persons: Jefferies, Shopify, Morgan Stanley, SLB, —, Samantha Subin, Michelle Fox, Pia Singh, Jesse Pound Organizations: Netflix, FactSet, Revenue, American Express, Micro Computer, Paramount —, The New York Times, Bloomberg, Sony Pictures Entertainment, Apollo Global Management, PPG Industries Locations: Canada, North America

☆ Stocks making the biggest moves midday: Globe Life, JPMorgan, Zoetis, Wells Fargo and more
▼ + stars: | 2024-04-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analyst expectations for its first-quarter adjusted earnings and revenue. Globe Life — The life insurance stock bounced 10% after plummeting more than 50% during Thursday's session. The firm said shares were not worth purchasing ahead of the first quarter earnings report, given the weakness expected. Ciena — Shares slipped nearly 3% after Citi initiated coverage of the software company with a sell rating.

Persons: Jamie Dimon, Wells, LSEG, Corteva, Librela, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel, Pia Singh Organizations: JPMorgan, Street, Wells Fargo, BlackRock —, BlackRock, Fuzzy Panda Research, Paramount, Skydance Media, Citi, Wall Street, Solensia, Arista Networks, Rosenblatt

☆ Stocks making the biggest moves before the bell: JPMorgan, BlackRock, Globe Life and more
▼ + stars: | 2024-04-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. Wells Fargo — Wells Fargo shares vacillated after reporting first-quarter earnings , but were recently up less than 1%. The bank topped Wall Street's expectations on the top and bottom lines, but reported a decline in net interest income. Citigroup — Shares rose more than 2% after the bank posted $21.1 billion in revenue , which was higher than analysts' expectations of $20.4 billion, according to LSEG. Globe Life — The insurer jumped about 9% in Friday's extended trading, rebounding after tumbling more than 50% in the prior session.

Persons: Jamie Dimon, LSEG, Thursday's, Raymond James, —, Macheel, Samantha Subin, Sarah Min, Michelle Fox Organizations: JPMorgan, Citigroup —, BlackRock, Blackrock, Research, Paramount, Skydance, Wolfe Research, Corteva, Citi Locations: Wells, LSEG

☆ Stocks making the biggest moves midday: CarMax, Nike, Paramount, Fastenal and more
▼ + stars: | 2024-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

CarMax — The used vehicle seller tumbled 13% after reporting fourth-quarter earnings of 32 cents per share on revenue of $5.63 billion. Analysts had expected earnings per share of 49 cents on revenue of $5.80 billion, according to LSEG, formerly known as Refinitiv. Nike — The athletic apparel maker added 3.2% after Bank of America upgraded Nike to buy from neutral. The deal values Alpine shares at $65, roughly 67% above its close on Tuesday, the day before reports that Alpine was considering its options. Atlassian — Shares rose 3.2% after Barclays upgraded the software maker to overweight from equal weight and raised its price target.

Persons: CNBC's David Faber, David Ellison, Faber, Lisa Kailai Han, Sarah Min, Yun Li, Samantha Subin, Michelle Fox, Alex Harring Organizations: Nike, Bank of America, Paramount, Skydance Media, Sciences, Vertex Pharmaceuticals, U.S . Space Force Space Systems Command, Constellation, Constellation Brands, LSEG, Barclays

☆ Paramount falls short of revenue expectations but posts surprise profit, strong streaming results
▼ + stars: | 2024-02-28 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +3 min

Paramount Global missed revenue expectations for the fourth quarter on Wednesday but posted a surprise quarterly profit and posted strong results from its streaming platform Paramount+. Paramount — home to brands such as CBS, Showtime, BET, Nickelodeon and its namesake movie studio — reported a 6% year-over-year revenue decline but posted notable strides in its streaming segment. Paramount+, its flagship streaming service, reached 67.5 million subscribers during the period, a net increase of 4.1 million, and recorded 69% revenue growth year over year. Subscription revenue in the fourth quarter grew 43%, partially driven by price increases, and revenue across its entire direct-to-consumer segment grew 34%. Paramount saw a 27% jump in global viewing hours across Paramount+ and Pluto TV during the fourth quarter.

Persons: Bob Bakish, we've, CNBC's Alex Sherman Organizations: Paramount Global, Paramount, CBS, Showtime, BET, Nickelodeon, Warner Bros, Discovery, CNBC PRO Locations: LSEG

☆ Why Shari Redstone is trying to sell Paramount — and why she needs the right deal
▼ + stars: | 2024-02-03 | by ( Alex Sherman | ) www.cnbc.com time to read: +9 min

When Redstone's father, Sumner Redstone, the founder of National Amusements, died in 2020, Shari Redstone inherited his shares. Paramount Global has a market capitalization of nearly $10 billion and about $13 billion of net debt. If she agrees to sell either National Amusements or all of Paramount Global, she'll need buy in from other investors. Talks are further along with Redstone regarding NAI than they are with Paramount Global, two of the people said. Paramount Global charges $5.99 per month for Paramount+ with advertising.

Persons: Shari Redstone, Mike Blake, it's, David Ellison, Byron Allen, SpongeBob, I'm, National Amusements Shari Redstone, Brendan Mcdermid, Redstone's, Sumner Redstone, Shari, John Malone, Bob Bakish, It's, Banker Byron Trott, Warren Buffett, Berkshire Hathaway, Skydance, Spokespeople, There's, CNBC's David Faber, Bakish, Jim Cramer Organizations: National Amusements, WSJ Tech, Reuters Paramount Global, Paramount, Paramount Global, Skydance Media, Paramount Pictures, CBS, Nickelodeon, Comedy Central, Hollywood, Allen, Co, Sun, Reuters, Amusements Inc, National, Warner Bros, Discovery, CNBC, Comcast, NBCUniversal, Paramount Global's, Amusements, U.S, Disney, Charter, CNBC Paramount Global, Viacom Locations: Laguna Beach , California, Israel, Sun Valley , Idaho, Wells Fargo, America, Berkshire, NAI, Skydance, U.S

☆ Wait. This guy wants to spend $14 billion on … Paramount?
▼ + stars: | 2024-01-31 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Media entrepreneur Byron Allen says he wants to buy Paramount for $14.3 billion. Who wants to buy a big TV company these days, anyway? But investors still think it's worth less than $10 billion — meaning they don't think Allen Media is really going to end up owning Paramount. AdvertisementOne answer may simply be skepticism about Allen Media Group and its owner, TV personality-turned-entrepreneur Byron Allen. But no one, to date, has suggested that Paramount is worth anything close to $14 billion.

Persons: Byron Allen, —, Allen Media Group didn't, David Zaslav, Bob Bakish, It's, Robert Fishman dryly, Shari Redstone, David Ellison, who's, Larry Ellison, Allen Organizations: Paramount, Service, Allen Media Group, CBS, MTV, Comedy Central, Allen Media, Weather Channel, ABC, BET, Denver Broncos, Bloomberg, Street Journal, Comcast, Warner Bros Discovery, Apple, Netflix, Biden, Viacom

☆ Saturday morning cartoons, streaming anytime: Why kids content is vital to subscriber growth
▼ + stars: | 2024-01-27 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Now, shows aren't just on traditional TV and there are far more places for parents and kids to find content. At a time when streaming services are eager to lure in new subscribers and decrease churn, having a hub for family-friendly content is one way to ensure paying members (i.e. "Kids and family-friendly content is critically important to both streaming acquisition and retention," said Peter Csathy, founder and chair of advisory firm Creative Media. That's vitally important for streaming services, especially as consumers grow more cost-conscious and weigh which services to keep month after month and which services to ditch before the next billing cycle. For a while, Wall Street was satisfied with high subscriber growth and the promise of profitability in the future.

Persons: hasn't, Dean Koocher, Koocher, aren't, Peter Csathy Organizations: Iconic, Disney, Nickelodeon, CNBC, Creative Media, Warner Bros, Discovery, Universal, Paramount, Netflix Locations: New York City

☆ Paramount stock rises after strong earnings report, adding to blockbuster day
▼ + stars: | 2023-11-02 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +4 min

Paramount Global's stock moved higher in extended trading Thursday after it reported strong revenue and subscription trends in its third-quarter earnings report. In the third quarter, streaming service Paramount+ saw 2.7 million net additions to its 63 million total subscriber count. Adjusted for one-time items, earnings per share were 30 cents during the period. "Looking ahead, we remain on the path to achieving significant total company earnings growth in 2024." Paramount and other media stocks closed higher Thursday as streaming device maker Roku surged 30% following its own stellar earnings report.

Persons: Bob Bakish, Roku, there's, Bakish, Naveen Chopra, Chopra, we've, Simon & Schuster Organizations: Paramount, Columbia, CBS, Showtime, BET, Nickelodeon, SAG, WGA, Netflix, KKR, CNBC PRO Locations: Hollywood , California

☆ Australia is being plagued by vicious and vindictive swooping magpies, and people say they are terrified
▼ + stars: | 2023-09-29 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

It's nesting season in Australia and people are on high alert for vicious swooping Australian magpies. AdvertisementAdvertisementIt's springtime in Australia, which means the return of vicious swooping attacks from the Australian magpie. An Australian magpie is shown here. While Australian magpies aren't closely related to their European counterpart, they are also known to be extremely clever. AdvertisementAdvertisementOver 80% of nesting magpies live near humans, which means swooping magpies are much rarer than they could be, Kaplan said in a post in The Conversation in 2017.

Persons: —, …, Mia, Christiaan Nyssen, Gisela Kaplan, Kaplan, gingerly Organizations: Service, BBC, CNN, Canberra Times, SBS Locations: Australia, Australian, Queensland

☆ She’s One of the Fastest Women Ever. All She’s Missing Is a Gold Medal.
▼ + stars: | 2023-08-05 | by ( Kris Rhim | More About Kris Rhim | ) www.nytimes.com time to read: +1 min

Marie-Josée Ta Lou has often been unlucky on days when she needed to be perfect. At the 2016 Olympics, Ta Lou, a 34-year-old sprinter from the West African nation of Ivory Coast, missed the women’s 100-meter medal stand by just seven-thousandths of a second. Five years later, Ta Lou headed into the women’s 100-meter final at the Tokyo Olympics with the third-fastest seed time. Ta Lou said she was in the best shape of her life, but she dealt with stomach issues beginning in the semifinals. Ta Lou has the eighth-fastest time ever run by a woman over 100 meters (10.72 seconds).

Persons: Marie, Josée, Lou, Ta Lou Organizations: Tokyo Locations: West African, Ivory Coast

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

☆ Stocks making the biggest moves midday: Micron, Paramount, McCormick and more
▼ + stars: | 2023-03-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday. Micron Technology — The semiconductor stock was down 2.8% ahead of its scheduled second-quarter earnings report after the bell on Tuesday. Paramount — Shares of the media giant gained 3.6% during midday trading on a rating upgrade from Bank of America from neutral to buy. McCormick & Company — The spice maker's stock price jumped about 10% during midday trading after reporting better-than-expected earnings for the first quarter. Walgreens posted revenue of $34.86 billion for the most recent quarter, compared to analysts' estimates of $33.53 billion, according to Refinitiv.

☆ Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more
▼ + stars: | 2023-03-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Chinese technology stocks such as Alibaba and Tencent have been hammered in 2022 as regulatory pressure and a slowing Chinese economy weighed on growth. Alibaba — Shares jumped 9.8% after the e-commerce giant said it would split its company into six separate business groups. Meanwhile, the company reported revenue at $34.86 billion, beating the $33.53 billion expected by Wall Street. PagSeguro — Shares gained 5% after Citi upgraded the Brazilian payment stock to buy on the back of fourth-quarter earnings. Array Technologies — The renewable energy stock added 3.6% following an upgrade to buy from hold by Truist.

☆ Stocks making the biggest moves midday: GM, McDonald's, UPS, Pulte, International Paper and more
▼ + stars: | 2023-01-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The company reported an adjusted $2.12 per share on $43.11 billion in revenue. Analysts surveyed by Refinitiv were looking for $1.69 in earnings per share on $40.65 billion in revenue. Smith — Shares skyrocketed 13.7% after the manufacturing company reported earnings of $0.86 per share, beating consensus estimates. UPS also raised its dividend and sanctioned a new $5 billion stock repurchase plan. Pentair — Shares of Pentair surged 9.2% after the water treatment company reported earnings that topped Wall Street estimates for earnings and revenue.

☆ You don't need to see 'Yellowstone' to watch its prequel '1923,' but you do need 2 different streaming services to watch both.
▼ + stars: | 2022-12-31 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

You don't have to watch "Yellowstone" to see and enjoy its new prequel "1923." But you do need two streaming services to watch both. "1923" is streaming on Paramount+, while past episodes of "Yellowstone" are on Peacock. The new series, "1923," follows a new generation of Duttons, the ranching family portrayed in Taylor Sheridan's smash hit "Yellowstone." The series was good enough and easy enough to watch without having seen "Yellowstone" that I am now watching "1923."

☆ Warren Buffett just bet big on Paramount to win the ad streaming wars — here's what makes its business unique compared to competitors like HBO Max, Disney, and Netflix
▼ + stars: | 2022-11-15 | by ( Elizabeth Pham Janowski | Ryan Joe | ) www.businessinsider.com time to read: +6 min

The maturation of ad-supported streaming services over the last year have become clearer. Discovery, and Netflix, which are charging high rates for streaming ads against so-called premium content. If these companies hope to attract premium CPMs however, they need to get them now. "The only reason, in my opinion, that they can control premium CPMs today is that they're just starting at this," Martin said. She believes the market will force services charging "premium" CPMs to lower these prices over time.

☆ Paramount took a risk keeping ‘Top Gun’ grounded for two years. It was this year’s biggest hit
▼ + stars: | 2022-11-08 | by ( Frank Pallotta | ) edition.cnn.com time to read: +8 min

“Maverick” flew into theaters with lots of buzz and strong reviews, and that helped the movie blow past box office projections for its opening weekend. It brought in a Memorial Day weekend record of $160 million at the North American box office. “Maverick” is an old-school box office hit made for the biggest screen possible that emerged just as the industry’s future was very much in doubt. “The commercial reception of Tom Cruise’s legacy sequel was the summer movie miracle theaters needed,” Scott Mendelson, a box office reporter, wrote for Forbes. Climbing back up the mountain"We really felt, and Tom certainly agreed with the fact that we had a great big screen movie," Bakish said.

While your intentions might be good, naming a minor as a life insurance beneficiary can cause significant complications because life insurance policies can't be disbursed to minors. Instead, it is better to establish a trust for your child and name the trust as the beneficiary of your life insurance. Problems with naming a minor as your life insurance beneficiaryAs noted by AAA Life Insurance, "Minor children cannot directly receive the proceeds of a life insurance policy. Steps for establishing a life insurance trust for your childrenHere are the steps you'll need to take to establish a life insurance trust for your children. If you are concerned about providing for your child in case something happens to you, it is better to establish a trust for your child and make the trust the beneficiary of your life insurance policy.

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