Production firm Skydance Media has struck a new deal to acquire entertainment conglomerate Paramount Global according to a report by The Wall Street Journal. The news comes just several weeks after Paramount’s controlling shareholder, Shari Redstone, walked out of a previous agreement with Skydance.
Reportedly, Skydance will buy Redstone’s National...
The Goldman Sachs Group unveiled Marcus Invest, its new digital wealth management system that is due to be released sometime this year. This low-cost platform will allocate and rebalance customers' wealth across an array of portfolios consisting of both stocks and bonds. This platform's wealth allocation system is based...
When you're working from paycheck to paycheck, it's not always easy to save up money. For this reason, the small amount that you do manage to save should be treated with as much care as possible. If you've been able to save up to $1,000 in your bank account,...
Goldman Sachs Group Inc. is the latest organization to join those who predict a surge in demand for crude oil later in the year as the use of utilities makes the switch from oil to fire power plants. This switch has been influenced by high natural gas prices. Head...
Reliance Industries Ltd announced last week that it will be investing $144 million in U.S. energy storage company Ambri Inc. The Indian oil-to-telecoms conglomerate will be joined by the investors such as Bill Gates as well as the investment management firm Paulson & Co.
Through its Reliance New Energy Solar...
Japanese conglomerate SoftBank Group Corp has decided to invest $125 million into a Saudi Arabian company, marking its first foray into the Gulf nation. The investment, which is for a customer communication platform called Unifonic, was co-led with Sanabil, which is wholly owned by the Kingdom's Public Investment Fund.
Unifonic...
Gold hit a new record early on Wednesday before retreating as traders started to take profits from this week’s rally.
Spot gold reached an all-time high of $2,758.49 per ounce, besting its previous record reached the day before by approximately $1. Other precious metals followed closely, with silver surging to...
Russian internet search engine Yandex is looking to launch a new cloud business in Germany, the company announced on Friday ahead of its annual Yandex.Scale cloud conference. The business, which it hopes to open in 2022, will take a $30 million investment.
Founded in 2018, Yandex has experienced exponential growth...
Jim Cramer, host of CNBC's popular finance show Mad Money, has been one of the most popular names in stock-picking in recent years. While his resume has its fair share of misses, he also had some home runs that helped build his reputation and made him an influential voice...
Technology investment company Prosus announced its intention to sell 2% of its stake in Chinese software giant Tencent, a move that will see the company's share be decreased from 30.9% to 28.9%. The value of the stocks that Prosus intends to let go of amasses to approximately $15 billion.
Prosus,...