Paramount Global (0VVB.MU)
- Yahoo Finance Video
Paramount opens acquisition talks with Sony, Apollo: NYT
Paramount Global (PARA) has initiated acquisition conversations with Sony (SONY) and Apollo Global Management (APO) after the exclusivity agreement with Skydance Media ended, according to a report from The New York Times. The report also details that while the exclusivity deal has ended, the special committee behind the potential acquisition is still evaluating all offers on the table. Yahoo Finance Senior Reporter Alexandra Canal joins The Morning Brief to discuss the report and its implications for all companies involved moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino Disclosure: Apollo Global Management is the parent company of Yahoo Finance.
- Yahoo Finance Video
Earnings, Berkshire Hathaway, Milken Conference: 3 Things
80% of S&P 500 (^GSPC) companies have reported their first quarter earnings as of May 3, according to FactSet. A slew of companies are set to report their earnings this week, including Disney (DIS), Palantir (PLTR), Shopify (SHOP), Uber (UBER), and more. Berkshire Hathaway (BRK-A, BRK-B) held its first annual shareholder meeting without longtime Vice Chairman Charles Munger. CEO Warren Buffett spoke during the conference about various topics, including selling all shares of Paramount Global (PARA). The 27th annual Milken Institute Global Conference starts on Monday, with industry leaders discussing a wide range of topics, including higher-for-longer interest rates, the presidential election, and AI. Yahoo Finance reporters Jared Blikre, Madison Mills, and Brian Sozzi join the Morning Brief to break down the three things investors need to keep in mind for the trading day on May 6. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Reuters
US STOCKS-Wall Street rises on growing hopes for Fed rate cuts
Wall Street's main stock indexes gained on Monday as expectations of interest rate cuts this year by the Federal Reserve grew stronger following a soft payrolls data last week. The benchmark S&P 500 and the blue-chip Dow closed at three-week highs on Friday after data showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer. Traders are currently pricing in rate cuts worth 48 basis points from the Fed by the end of 2024, with the first cut expected in September or November, according to LSEG's rate probability app.
