PARAMOUNT $PARA AND WARNER BROS DISCOVERY $WBD AND THEIR POSSIBLE CONNECTION
US companies Warner Bros Discovery and Paramount Global are in talks about a merger, but its specific form has not yet been determined. Citing sources, foreign media reported the news on Wednesday, but the companies themselves have not commented. If they were to merge, two of the five major film studios... Read more
Microsoft Azure is gaining ground, but Amazon Web Services (AWS) from Amazon still maintains its leadership position in the cloud services ecosystem.
Analysts at Jefferies report that while Microsoft Azure is gaining momentum in the cloud services market, it still remains a second player behind Amazon Web Services (AWS). According to a survey of 40 US CIOs, both platforms were... Read more
In the first half of December, news emerged that Chinese digital fashion brand Shein had filed a confidential application with the US Securities and Exchange Commission with a view to going public, likely in early 2024. According to a report from Bloomberg, Shein is seeking a valuation of up to $90 billion, up from the approximately $66 billion it was... Read more
I'm very interested in this and I'll keep an eye on it, as all the girls I know only buy from Shein and talk about it all the time. I'll be interested in the IPO and the awards instead of the clothes.
Japanese steel company Nippon Steel today announced the acquisition of U.S. Steel. The agreed price is USD 55 per share, for a total of USD 14.9 billion.
Colt CZ announced this morning that it is buying Czech small caliber ammunition manufacturer Sellier & Bellot. It is acquiring a 100% stake. The seller is CBC Europe. Colt will pay partly... Read more
However, we don't know the details of the acquisition yet, or am I wrong? I wonder how many new shares are being issued. The dilution is pretty significant, although I like the acquisition strategy.
Swedish clothing retailer H&M saw sales in local currencies fall by four per cent in the fourth quarter of its financial year. That's more than analysts had estimated, and the biggest drop since the third quarter of last year. Customers are spending less, and the company has also closed branches in Russia. The world's second-largest apparel retailer made the announcement in a... Read more
Software company Adobe released its fourth-quarter results yesterday after the market closed. The quarterly results themselves beat market expectations, but analysts were not too happy with the annual outlook provided. The stock has gained about 85% since the beginning of the year.
Financial results
Adobe's revenue rose 12% year-over-year to $5.05 billion, beating analyst... Read more
Zara's profit, Inditex, rose significantly by 32.5% for the nine months, although sales growth slowed.
Inditex has invested in expanding its physical and digital stores and strengthened its logistics capabilities, which has helped it outperform competition in the fast fashion sector.
Inditex's sales grew 11%, a slight slowdown from... Read more
Berkshire Hathaway, the investment company of US billionaire Warren Buffett, has sold almost half of its stake in US personal computer maker HP. Buffett's firm made the announcement in a report to regulators on Monday. Berkshire owned 51.5 million shares of HP at the end of November, leaving it holding a 5.2 percent stake in the company. At the beginning of October, Buffett's... Read more
Thanks for the info. I had been thinking about HP for a while before and I'm glad I didn't purchase, as this news would probably have made me quite nervous.
Impulse purchases, the instant decisions that often lead consumers to buy products they didn't originally intend to buy, are not going away. According to a recent report by analysts at RBC Capital Markets, this ongoing trend is a significant boon for specific platforms like Pinterest.
Pinterest, a well-known social media platform that allows users to... Read more
November US CPI inflation data will be released on Tuesday. According to analyst expectations, it should be unchanged month-on-month, but its core value could rise slightly month-on-month. According to Bloomberg, this could open up room for the Fed to consider cutting rates. Bloomberg also estimates that inflation could stay below 3% in the first half of... Read more
I guess why not, it sounds interesting and might not be a bad move.