News

[Source - waka.com] Company Struggles with Soft Sales and High Inflation Discount retailer Big Lots files Chapter 11 bankruptcy protection, grappling with reduced consumer spending and weaker sales performance. The Columbus, Ohio-based retailer announced its plan to sell its assets and ongoing business operations to private equity firm Nexus …

[Source - dapsmagic.com] As the standoff between DirecTV and Disney extends into its second week, tensions have escalated. On Saturday night, DirecTV filed a formal complaint with the Federal Communications Commission (FCC), accusing Disney of negotiating in bad faith. The dispute began when Disney channels, including ESPN and ABC-owned stati…

[Source-valuethemarkets] Traders Cut Long Positions Amid Concerns Over Demand and Supply Despite a modest increase in bullish positions last week, portfolio managers have significantly reduced their long positions in the oil futures market over the past two months. This reduction is driven by concerns about slowing demand and rising supply. …

[Source-hollywoodreporter] Skydance and Paramount Global Highlight Benefits for CBS and Local Stations In a recent filing with the Federal Communications Commission (FCC), Skydance and Paramount Global detailed how their proposed merger will benefit CBS and local stations. This filing is part of the initial steps required to secure regulatory…

[Source-ft] Treasury Yield Curve Shows Signs of Change The U.S. bond market neared a significant turning point, with a closely monitored indicator on the Treasury yield curve edging closer to positive territory for the first time since 2022. According to Dow Jones Market Data, the yield on the 2-year Treasury note, which stood at 3.774%, has …

Ulaanbaatar Hosts Russian Leader Despite International Criticism Russian President Vladimir Putin was greeted with a grand ceremony in Ulaanbaatar, Mongolia's capital, marking a highly symbolic visit that underscores the country's enduring ties with Russia. The event featured soldiers on horseback and live martial music and was a showcase of Mon…

[Source - reuters] Russia's trade relationship with India is experiencing significant growth, with smooth financial transactions contrasting sharply with the challenges faced in other international markets, according to Anatoly Popov, deputy CEO of Sberbank, Russia’s largest financial institution. Record Trade Figures and Uninterrupted Transa…

[Source - finance.yahoo] Asian and Global Markets Slide Asian stocks fell sharply at the start of September, marking a challenging beginning to a traditionally volatile month. Hong Kong's Hang Seng Index saw a significant drop, influenced by a dramatic 14% fall in shares of New World Development Co. This decline followed the company's announc…

[Source - uk.finance.yahoo] On Sunday, Disney pulled its ABC stations, ESPN, and other cable networks from DirecTV's lineup after the two companies failed to reach a new distribution agreement, leaving millions of sports fans without access as the college football and NFL seasons begin. The Disney and DirecTV agreement caused Disney-owned net…

[Source - bloomberg] A Strategic Move Towards Apple's In-House Modems:  Apple Inc. is embarking on a long-term strategy by transitioning away from Qualcomm modem chips to develop its own Apple's in-house modems. This shift, which marks a significant change in Apple's hardware strategy, reflects the company's commitment to integrating more of …