Paramount Global is laying off 3.5% of its U.S.-based workforce—several hundred employees—as it continues to grapple with economic challenges and the steady decline of traditional pay-TV services. The move is part of the company’s strategy to adapt to ongoing shifts in the media industry and respond to broader macroeconomic pressures. Employees were officially informed of…

Wall Street is increasingly alarmed about the potential erosion of America’s superpower status. Since the reimplementation of President Trump’s aggressive tariff policies earlier this year, top executives and financial leaders have been thrust into a period of deep economic uncertainty. These tariffs have created not only volatility in markets but also strained international alliances and…

Stock futures remained largely unchanged on Tuesday as investors awaited further developments in ongoing trade negotiations between the U.S. and China. Dow Jones Industrial Average futures rose by just 10 points, while S&P 500 and Nasdaq 100 futures inched up about 0.1%. The restrained movement reflects a market in wait-and-see mode, looking for tangible outcomes…

Warner Bros Discovery, the parent company of CNN and HBO Max, has announced plans to divide into two distinct companies by mid-2026. This decision is part of a broader strategy to adapt to the fast-changing dynamics of the media industry. One of the newly formed entities will concentrate on the company’s thriving studio and streaming…

Frank Eckard, CEO of German magnet manufacturer Magnosphere, has been inundated with urgent calls from automakers and parts suppliers struggling to source magnets amid Chinese export restrictions. Many are warning that without an alternative supply, factory shutdowns could begin as soon as mid-July. The urgency is palpable, with companies willing to pay premium prices to…

Despite widespread anxiety around tariffs and noisy headlines predicting a slowdown, Morgan Stanley believes the stock market is showing underlying resilience. According to their equity strategy team, led by Michael Wilson, the market has already priced in much of the anticipated economic drag from the ongoing trade war. While macroeconomic data and corporate earnings may…

Apple’s Worldwide Developers Conference (WWDC), typically a major showcase of innovation, is kicking off amid an atmosphere of low expectations. In past years, the company used the event to introduce significant new products like the Vision Pro headset and its AI initiative, Apple Intelligence. However, this year’s preview indicates no major breakthroughs, leaving both fans…

China’s export growth in May fell short of expectations, with a significant drag coming from a sharp decline in shipments to the United States. Exports to the U.S. dropped by 34.5% compared to a year earlier, marking the worst decline since the early days of the COVID-19 pandemic in February 2020. Imports from the U.S.…

China’s economy is experiencing deepening deflation, with May marking the worst producer price drop in nearly two years. The Producer Price Index (PPI) fell 3.3% year-on-year, surpassing April’s 2.7% decline and hitting its deepest contraction in 22 months. This trend reflects the ongoing challenges of a prolonged property market slump and rising global trade tensions,…