Check out the 10 best-performing S&P 500 stocks this week.
It's been a choppy week on Wall Street, but some stocks still managed to do well. The S & P 500 is down 0.7% week to date, on pace for its second straight weekly decline. The Dow Jones Industrial Average fell for a third week in a row, losing 0.5%. Those declines come as concern over stubbornly high inflation and tighter monetary policy push Treasury yields higher.
Paramount Global also popped this week, gaining around 9% after the media giant said it would increase subscription prices for its Paramount+ streaming service . "Our content and platform strategy is working and, with even more exceptional content coming this year, we expect to return the company to earnings growth in 2024," CEO Bob Bakish said in a statement. Analysts are less sanguine on the media stock, however.
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Paramount swings to a loss but sees record subscriber growth for Paramount+Shares of Paramount Global Inc. were off about 3% in premarket trading Thursday after the media giant fell a bit shy of revenue expectations for its latest...
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Paramount Ends 2022 With 77 Million Streaming Subs as Paramount+ Adds 10 Million in Q4Paramount surpassed 77 million streaming subscribers in Q4, adding 10 million to Paramount+ alone to reach nearly 56 million customers for that platform. In comparison, the paid streamer added 4.6 …
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Paramount Global’s Content Costs Overwhelm Q4 Streaming GainsParamount Global’s success in streaming is hurting its bottom line The New York owner of the CBS broadcast network and the Paramount movie studio said that the costs of generating gains in st…
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Paramount Global Shuttering UK Non-Scripted Production DivisionEXCLUSIVE: Paramount Global is shuttering the UK unscripted division of its international production arm. We hear around 20 roles will be impacted at Viacom International Studios (VIS) UK, and that March 31 has been earmarked as the date for closure
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Paramount+ To Boost Prices After Showtime Merge, Paramount Global Will Take Up To $1.5 Billion Q1 Content ChargeParamount Global’s CFO said the company will take a $1.3 billion to $1.5 billion hit in the current first quarter mostly on content as it restructures its streaming business, absorbing Showtime int…
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Paramount+ to raise subscription pricesParamount Global executives announced Thursday that people will see an increase in the cost of Paramount+ streaming service subscriptions later in 2023.
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