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Search resuls for: "toughening"


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☆ Banks keep European shares afloat
  + stars: | 2022-09-20 | by ( Shreyashi Sanyal | ) www.reuters.com   time to read: +3 min
REUTERS/StaffSummarySummary Companies Bank stocks set to outperform European sectors for the monthFed expected to raise interest rates by 75bps on WednesdaySwedish c.bank surprises with full percentage point rate hikeSept 20 (Reuters) - European shares edged higher on Tuesday, boosted by banks, while expectations of another large interest rate hike by the U.S. Federal Reserve kept risk-taking bets in check. The pan-European STOXX 600 (.STOXX) index added 0.1%, after a soft start to the week, with banks (.SX7P) climbing 1.6% by 0759 GMT as lenders tend to benefit from a high interest rate environment. The U.S. central bank will likely deliver its third straight super-sized 75 basis point interest rate hike on Wednesday, toughening its stance on persistent inflation. "It's all about central banks this week and it looks like the traders are actually pricing in both the Fed's rate hike and the interest rate hike from the Bank of England," said Erik-Jan van Harn, macro strategist at RaboResearch. Shares of Bachem Holding (BANB.S) soared 9.0%, to the top of the STOXX index, after the Swiss biotech supplier signed two new contracts for peptides.
☆ How Warner Bros. Discovery's reorganization, content cuts, and layoffs have shocked Hollywood and delighted Wall Street
  + stars: | 2022-08-04 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com   time to read: +5 min
Discovery formed in 2022, combining a rich array of properties from Warner Bros. to CNN. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Discovery, with much cost-cutting behind it and growth ahead as it plans to launch a new streaming service. AT&T's WarnerMedia merged with Discovery in 2022 in a $43 billion deal, creating a content behemoth combining Warner's HBO, CNN, and famed Warner Bros. film studio with Discovery's lifestyle and reality fare. WBD shocked entertainment insiders by canceling high-profile projects like "Batgirl" and yanking episodes of shows including "Sesame Street" from HBO Max, and it has made other moves that concerned Hollywood creatives.
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