NEW YORK – Investors saw positive gains in the stock market last week, marking the fourth consecutive week of growth for major indices. The Dow, S&P 500, and Nasdaq Composite all posted gains, with the Dow rising by 1.43%, the S&P 500 by 1.38%, and the Nasdaq Composite by 1.12%. This positive trend reflects the overall strength of the market, as all three major averages have risen in 13 of the past 14 weeks. The …
Laguna Beach, California – Paramount Global’s Paramount+ streaming service has seen a growth in subscribers, reaching 63 million and showing signs of continued expansion. However, the service continues to experience financial losses, although the losses have decreased compared to the previous year. In the third quarter, the streaming operating losses were reported at $238 million, down from $343 million a year ago. This financial struggle has led to a decline in Paramount Global’s shares by …
Investors witnessed a drop in gold prices following robust U.S. labor market data. The U.S. Bureau of Labor Statistics reported the creation of 353,000 jobs in January, significantly exceeding expectations, and a 0.6% increase in wages, contributing to concerns about inflation in the economy. As a result, the likelihood of a Fed rate cut next month diminished, and expectations for a May rate cut also decreased. Despite the drop in gold prices, the market managed …