This news came as Paramount (PARA) CFO Naveen Chopra spoke at the Morgan Stanley Technology, Media & Telecom Conference. The company believes that it will be profitable by 2025 without having to increase the cost of its packages in 2024. However, Chopra said that “going forward, we do anticipate future price increases”. He also said…
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The bank announced on Wednesday, 6 March 2024 that former Whitehouse Comptroller of the Currency, Joseph Otting, is its new CEO. This appointment is part of a $1bn capital infusion from investors, which reportedly includes past Treasury Secretary Steven Mnuchin. High interest rates and a problematic commercial real estate (CRE) market are some of the…
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These requests came after a fiery rally affected long-term bond yields, which almost plunged to a historic low. Although drops such as must fit the debt market, they can also stem the allocation of loans needed to brace the economy. In an email to Bloomberg, the People’s Bank of China (PBOC) confirmed that it is…
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The case revolves around Spotify, which complained in 2019 that its users were prevented from finding out about alternative payment options apart from the App Store. The EU raised a case last year based on this and other companies whose customers are in the same situation. These restrictions were classed as unfair trading conditions in…
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According to this financial watchdog, investors want more information about the economic impacts of climate-related risks in a business to make informed investment choices. At present, climate-impact disclosures are not mandatory, and companies volunteer this information in their filings. Don’t miss out the latest news, subscribe to LeapRate’s newsletter These climate disclosures come into effect…
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In a blog post on its website, the AI enterprise responded, saying that Musk, as one of its co-founders, supported a for-profit structure and even suggested a merger with Tesla, Inc. (TSLA). Musk alleges that OpenAI’s focus is on generating profits for its partners and major investor, Microsoft Corporation (MSFT). Musk claims that when he…
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Among the main targets of the country’s ruling Communist Party is boosting consumer spending as a way of driving the economy forward. 2023’s 5.2% growth had been an improvement on the meagre 3% achieved in 2022 as China continued to feel the effects of the COVID-19 pandemic. Li has spoken about having to find a…
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Known as Gigafactory Berlin-Brandenburg, Tesla applied to double its manufacturing capacity to 1 million electric vehicles (EVs) per year in July 2023. This plant reportedly rolled out 6,000 EVs per week just before it halted operations due to a component shortage in January 2024. At the time, plant director Andre Thierig said in a Tagesspiegel…
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Germany's 10-year bond yield, a European financial benchmark, plunged by three basis points (bps) to 2.365%. On Thursday, 29 February 2024, this yield was 2.513%, the highest it has been since November 2023. Markets anticipate an unchanged stance on interest rates but hope that ECB president Christine Lagarde may drop hints as to when any…
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SMCI’s arrival was announced in a press statement, which confirmed that the company and Deckers Outdoor Corp (DECK) will be replacing Zions Bancorporation (ZION) and Whirlpool Corp (WHR) in the S&P 500 with immediate effect. SMCI sells AI-optimised computer services to businesses across the planet. It works closely with Nvidia (NVDA) to provide customisable data…
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