Paramount Skydance has unveiled aggressive new cost-cutting measures in its first financial report since new investors assumed control in August, announcing plans for an additional 1,600 job cuts as part of a comprehensive strategy to achieve at least $3 billion in savings. The media conglomerate, which continues to pursue acquisition of Warner Bros. Discovery, simultaneously projected optimistic revenue growth of $30 billion for the coming year, slightly exceeding analyst expectations and signaling a dual focus on austerity and expansion under its new leadership.
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0 in Finance and 0 in Crypto last weekTrump Defends CZ Pardon in 60 Minutes Crypto Interview
In his first 60 Minutes interview in five years, former President Donald Trump defended his controversial pardon of Binance founder Changpeng ‘CZ’ Zhao, claiming no personal knowledge of the crypto billionaire while describing the prosecution as a ‘Biden witch hunt.’ The CBS segment revealed Trump’s broader crypto agenda to maintain U.S. dominance against global competitors, even as he faced pointed questions about Binance’s $2 billion transaction involving his family’s World Liberty Financial stablecoin and mounting Democratic scrutiny over potential conflicts of interest.
about Trump Defends CZ Pardon in 60 Minutes Crypto InterviewStephen Colbert’s Late Show to End in May 2024
CBS has confirmed that ‘The Late Show with Stephen Colbert’ will conclude in May 2024, marking the end of the franchise after a decade under Colbert’s hosting. The network cited financial challenges in late-night TV as the reason, emphasizing that the decision was unrelated to the show’s performance or content. Colbert, who replaced David Letterman in 2015, announced the news during a taping, with audience members expressing disappointment. CBS executives clarified that no replacement is planned, signaling a shift in the network’s late-night strategy.
about Stephen Colbert's Late Show to End in May 2024Trump Shifts Focus from Dow to Bond Yields as Success Indicator
President Trump’s administration has shifted its focus from the stock market to bond yields as a key indicator of economic success, emphasizing the 10-year Treasury rate. Treasury Secretary Scott Bessent believes that Trump’s policies will lead to lower long-term interest rates, which could benefit consumers and businesses. However, the recent drop in bond yields may signal economic growth concerns, influenced by the administration’s trade agenda and tariffs.
about Trump Shifts Focus from Dow to Bond Yields as Success IndicatorTrump Advisor Discusses Federal Reserve Meetings Amid Inflation Concerns
Kevin Hassett, former director of the National Economic Council, revealed he holds regular meetings with Federal Reserve Chairman Jerome Powell, emphasizing the independence of the Fed while acknowledging the president’s influence. Despite a reduction in long-term Treasury rates, inflation concerns persist, with January 2024’s Consumer Price Index showing a 3% annual increase, leading to a decline in Bitcoin prices. Market sentiment remains cautious, with only 3% of participants expecting a rate cut in March 2025 amid ongoing macroeconomic risks.
about Trump Advisor Discusses Federal Reserve Meetings Amid Inflation ConcernsRoss Ulbricht to Share His Story in Upcoming Silk Road Documentary
Ross Ulbricht, founder of the Silk Road, will narrate his story in a new documentary, marking his first public engagement since his 2015 conviction. After being pardoned by President Trump in January 2021, Ulbricht collaborated with filmmakers to reflect on the marketplace’s rise and fall. The documentary, featuring over 60 hours of interviews, is set to debut in 2025.
about Ross Ulbricht to Share His Story in Upcoming Silk Road DocumentaryJPMorgan CEO Jamie Dimon Critiques Bitcoin Amidst Its Rising Popularity
JPMorgan CEO Jamie Dimon continues to express skepticism about Bitcoin, citing its lack of intrinsic value and association with illegal activities. Despite his criticisms, including a past declaration of Bitcoin as a “fraud,” JPMorgan is involved in Bitcoin through BlackRock’s iShares Bitcoin Trust. Meanwhile, Bitcoin’s value has surged, currently trading at $90,597, with projections reaching $150,000, reflecting its growing acceptance as a store of value.
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