Why Shari Redstone needs the right deal
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but […]
‘Deep state’ thwarted first-term Trump agenda. There’s a scheme to avoid repeat.
Donald Trump’s major policy initiatives during his term as president were a massive tax cut and a governmentwide effort to cut regulations that he argued cost the U.S. economy trillions of dollars and “devastated entire industries.” Lax oversight of environmental, safety and labor standards, to name three categories, represented a policy pivot that united Trump […]
LVMH luxury watches at Watch Week in Miami
Luxury giant LVMH is making a push to gain share of the global luxury watch business, with a newly formed watch division and an array of new, higher-priced models. Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. They’re expected to grow to more […]
I’m 73 and took my first RMD. Can I rollover my IRA to my 401(k)?
Dear MarketWatch, I will be 73 years young this May, and I already took my very first required minimum distribution from my 401(k). I will get another RMD around August this year from my IRA. 1. Can I still continue contributing to my IRA this 2024? Is this allowed by the Internal Revenue Service? 2. […]
Domestic box office could top $10 billion in 2026, thanks to Disney
LOS ANGELES — A push toward streaming, a pandemic and two Hollywood labor strikes have upended the theatrical industry, dragging on annual box-office hauls. While 2024 and 2025 boast franchise-rich movie slates, Wall Street doesn’t expect ticket sales to top $10 billion domestically until 2026. The domestic box office has not hit that benchmark since […]
Paytm troubles send One 97’s stock plunging, prompting analyst’s ‘sell’ call
Shares of One 97 Communications Ltd. continued to plunge after a bank used by the company’s popular Paytm mobile payments service was effectively shutdown by bank regulators, which prompted J.P. Morgan to recommend investors sell. The Reserve Bank of India’s actions against PayTM Payments Bank Ltd., announced Wednesday, included not allowing further deposits, credit transactions, […]
Q4 earnings shaping up to be the best of 2023
Traders work on the floor at the New York Stock Exchange on Feb. 1, 2024. Brendan McDermid | Reuters Here’s how big of a surprise corporate profits have been this earnings season: The fourth quarter is now shaping up to be the best of 2023. Despite ongoing macroeconomic concerns that have hampered demand and weighed […]
Why Spectrum parent Charter’s stock just had the worst day in its history
Charter Communications Inc. shares suffered their worst one-day drop on record Friday as the company’s latest earnings illustrated continued pressures in the cable industry. The company reported a net loss of 61,000 broadband subscribers, whereas analysts were expecting slight positive growth even as management previously suggested net additions would be negative. Charter CHTR, -16.51% said […]
Spotify renews deal with podcaster Joe Rogan
Podcaster and comedian Joe Rogan. Vivian Zink | SYFY | NBCUniversal Spotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won’t be exclusive to Spotify, the company announced Friday in a news release. The multiyear deal with Rogan, the founder of “The Joe Rogan Experience,” […]
Barington pushes Mattel to fix or sell off American Girl, Fisher-Price
The Mattel Inc. logo is displayed outside the headquarters of the toy company known for products including Barbie and Hot Wheels in El Segundo, California, on June 8, 2023. Patrick T. Fallon | AFP | Getty Images Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing […]
