While the S&P 500 has fallen about 2.7% this week, investors are feeling a lot less charged up about shares of NRG Energy (NYSE: NRG). The company announced a major acquisition on Tuesday, and it seems that investors aren't so enthusiastic about the news. As of 2:45 p.m. ET, shares of NRG Energy, a natural gas and electric utility, are down 20.9% since the end of last Friday's trading session, according to data from S&P Global Market Intelligence.
According to a Wall Street Journal report, Paramount Global (PARA) is considering removing current CEO Bob Bakish from his position and allowing a committee of top executives to run the company on an interim basis. Yahoo Finance Anchors Julie Hyman and Jared Blikre break down the latest development for Paramount and outline what the potential sale of the media conglomerate would involve. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
There’s a nice trio of specialty films to highlight this weekend from Joanna Arnow, Uberto Pasolini and Caitlin Cronenberg’s feature directorial debut. Joanna Arnow’s micro-budget comedy The Feeling That The Time For Doing Something Has Past world-premiered in Cannes’ Directors’ Fortnight. It follows a 30-something New York woman as time passes in her long-term casual …
A divided federal appeals court revived a 2021 New York state law intended to provide affordable high-speed internet service to low-income families, setting aside a permanent injunction and handing a defeat to service providers. In a 2-1 decision on Friday, the 2nd U.S. Circuit Court of Appeals in Manhattan said federal telecommunications law dating to the Great Depression did not pre-empt states from regulating broadband rates. The majority also said a 2018 Federal Communications Commission order classifying broadband as an information service stripped that agency of authority to regulate rates.
Board members at Paramount Global are reportedly considering the removal of CEO Bob Bakish as discussions continue with Skydance Media about a complex, multi-step merger. If exclusive talks with Skydance bear fruit, there likely would not be a role for Bakish in the combined company, with Skydance chief David Ellison slated to serve as the …
All three of the major indexes (^DJI,^GSPC, ^IXIC) closed higher on Friday, fueled by strong earnings from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). Yahoo Finance's Julie Hyman and Jared Blikre recap Friday's trading action. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Mexican state oil company Pemex is reversing crude exports cuts of at least 330,000 barrels per day (bpd) planned for May amid a smaller-than-expected oil demand by the company's domestic refineries, two sources close to the decision said on Friday. Pemex's international trading unit in April began enforcing exports cuts over supply crude contracts to customers in the United States, Asia and Europe to increase its availability of crude for domestic refining. Its new Olmeca Refinery in the port of Dos Bocas in southeastern Tabasco, which has been running behind schedule and over budget, is also expected to start up.
Cincinnati leaders gather for ceremony as Lytle Park reopens
PHOENIX (AP) — Authorities revealed Friday the charges filed against an ex-aide of former President Donald Trump and four attorneys in Arizona’s fake elector case, but the names of former Trump chief of staff Mark Meadows and lawyer Rudy Giuliani remained blacked out. The Arizona attorney general's office released a copy of the indictment that revealed conspiracy, fraud and forgery charges had been filed against Mike Roman, who was Trump’s director of Election Day operations, and attorneys John
Several students at Denver's Auraria campus were detained by police in riot gear as protests against the Israel-Hamas war on the college campus continued for a second day Friday.
It may have been used for a “little secret something” by a steel worker two centuries ago, archaeologists said.
The Pac-12 will splinter apart before fall camp starts, with all but two teams heading to new conferences. One of the highest-rated recruits in program history two years ago, McMillan has lived up to the hype. The 6-foot-5 receiver from Hawaii finished with 90 catches for 1,402 yards and 10 TDs last season.
See which flights, how often, and for what prices.
A British tourist is in intensive care in Trinidad and Tobago after reportedly losing an arm and a leg in a shark attack.
Caitlin Clark's record for merchandise sales on draft night didn't last long as new Bears quarterback Caleb Williams surpassed the mark.
The disgraced former NFL star revealed he had been diagnosed with cancer last year
Snap stock surged Friday, after the Snapchat parent company reported Q1 earnings and sales that exceeded views.
The rock icon opens up to PEOPLE as three of his kids are engaged, including son Jake Bongiovi to Millie Bobby Brown
Four Yemeni workers were killed in a drone attack on an Emirati-owned gas complex in Iraq's northern autonomous region of Kurdistan on Friday, local authorities said. The drone strike is the first deadly attack against the Khor Mor complex owned by the United Arab Emirates firm Dana Gas, which was hit several times in recent years."Four Yemeni workers were killed and the field was severely damaged," Kurdistan regional government spokesperson Peshawa Hawramani said. He said the attack will cause
With a slew of tech earnings arriving this week and inflation remaining stubborn, many on Wall Street are focused on the "Magnificent Seven" — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — which have driven rallies in the past. The Bahnsen Group CIO David Bahnsen joins Market Domination to give insight into the recent slate of earnings and how the tech sector is evolving beyond previous top names. Bahnsen discusses the problem with investors relying on high valuations as a standard: "High volatility is a byproduct of a high multiple that is totally disconnected from reality. So expensive stocks get more expensive until they don't. But it's impossible to gauge, judge, and certainly time. But you saw already this year earnings season, Facebook just getting ripped apart yesterday and yet Google rallying today. The Mag Seven is over. It doesn't exist as a monolith anymore. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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