Paramount Global (PARA) stock fell more than 8% in afternoon trading on Tuesday after CEO Bob Bakish warned that a weaker advertising market would likely hurt fourth-quarter earnings. “We now see the fourth quarter coming in a bit below the third quarter,” Bakish told a UBS conference in New York, revising previous guidance that the …
Paramount stock tumbles after CEO warns of weak fourth quarter results Read More »
‘Scariest measure of all’: Mike Rowe warns 7m American men have ‘done’ looking for work and ‘break through’ – here’s why it’s a serious problem Men have been steadily exiting the US workforce since pre-pandemic times — even now, despite millions of job openings and an uncertain economic climate. As the US labor market remains …
The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal and Cash App, as the agency seeks data regarding part-time employment and side gigs, a move critics called a government abuse. In a recent explainer posted online, the IRS said that according to the American …
IRS warns Americans to report $600 transactions from payment processors or risky audit Read More »
Yoel Roth was Twitter’s chief trust and safety officer until his resignation in early November. He worries about the changes Elon Musk is making to the platform. David Odisho/Getty Images hide caption toggle caption David Odisho/Getty Images Yoel Roth was Twitter’s chief trust and safety officer until his resignation in early November. He worries about …
Former Twitter security chief warns Musk is going fast and ‘breaking things’ Read More »
By Ju-min Park and Heekyong Yang SEOUL (Reuters) – South Korean President Yoon Suk-yeol has warned that the government may intervene to break up a national truckers’ strike, describing it as an illegal and unacceptable move to hold the national supply chain “hostage” for an economic crisis. Thousands of unionized truckers launched their second major …
South Korean president warns of crackdown as truckers’ strike enters second day Read More »
Joe Biden’s antitrust adviser has warned of a ‘profusion of junk fees’ in the US economy, as he pushes to expand the war on hidden costs to include those affecting investors in the securities market . In an interview with the Financial Times, Tim Wu, the Biden administration’s competition policy adviser, said there was a …
Biden’s antitrust adviser warns of ‘profusion of junk fees’ in US economy Read More »
According to a study by the Federal Reserve Bank of Dallas. To be sure, the possibility of homes across the country losing up to a fifth of their value represents a “pessimistic scenario,” Dallas Fed economist Enrique Martinez-García noted in a report on Tuesday. But other economists have reported similar fears, with Pantheon Macroeconomics chief …
US home prices could plunge 20%, Dallas Fed warns Read More »
The U.S. central bank is entering a new phase of policy tightening that will be more difficult to manage, a senior official has warned, as pressure mounts on the Federal Reserve to temper what has become one of its toughest campaigns. aggressively raising interest rates for decades. “This next phase of policy making is much …
Fed faces tough task deciding when to stop raising rates, official warns Read More »
By David Lawder NUSA DUA, Indonesia (Reuters) – As the odds of a U.S. Congress split increase, Treasury Secretary Janet Yellen has warned lawmakers’ failure to raise the U.S. debt statutory ceiling poses a “huge threat” for the US credit rating and the functioning of US financial markets. . Yellen told Reuters in an interview …
Exclusive: As Divided Congress Ratings Rise, Yellen Warns of Need to Lift Debt Ceiling Read More »
