Paramount Stock Climbs as Forecast Beats Estimates
Paramount said it expects fourth-quarter revenue to be between $8.1 billion to $8.3 billion, exceeding Wall Street’s current estimate.
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CoreWeave Reports Doubling of Revenue From AI Boom
The data-center operator said it has a $55 billion sales backlog after a quarter of rapid dealmaking.
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Occidental Petroleum Profit Falls as Oil and Gas Sales Decline
The oil-and-gas producer’s oil-and-gas segment, which makes up the bulk of its top line, recorded revenue of $5.4 billion, down from $5.7 billion a year ago
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The Credit-Card Rule That Powers Rewards Cards Just Got Broken
Visa and Mastercard reach a settlement on a 20-year legal fight with merchants, agreeing to allow stores to reject some credit cards for the first time.
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Berkshire’s Buffett Plans to Keep Class A Shares Until Successor Wins Over Investors
Warren Buffett shares his thoughts on his career and Berkshire’s future in a letter.
More consumers are flocking to chicken as beef prices rise for shoppers and weigh on meatpackers.
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Barrick Looks to Get Handle on North American Operations, Find Growth
The mining company is diving into how its core gold operations in Nevada are being run and is looking for opportunities to boost production.
The sale comes as private-equity firms are increasing investment in the aerospace and defense sector.
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Citadel Launches New Stock-Picking Unit in Europe
Strategic Equity Investments, led by a former Elliott Investment Management partner, will take bigger stakes in European companies.
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Coinbase Launches Platform for Digital Token Offerings
Blockchain startup Monad will be the first project to sell its token on the new platform.
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Private-Label Food Maker TreeHouse to Go Private in $1.17B Deal
TreeHouse Foods agreed to be taken private by Industrial F&B Investments III in an all-cash deal worth nearly $1.2 billion.
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Diageo Taps Consumer-Industry Veteran as New CEO
Dave Lewis will be tasked with reviving the fortunes of the booze giant, which faces weak demand in key markets.
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Instacart Revenue Rises as Grocery Delivery Orders Continue to Grow
Instacart reported higher third-quarter revenue and profit on the back of continued growth in demand for grocery delivery.
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Apollo Buys Majority Stake in Soccer Club Atletico de Madrid
The deal values the team at the equivalent of about $2.5 billion, and comes as U.S. investors have been pouring money into European soccer.
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Burger King Strikes Joint Venture to Double Presence in China
China’s CPE plans to invest $350 million, taking an 83% stake, to help fuel restaurant growth in the region.
