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Wendy McMahon, CEO of CBS News, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. Photo: Brendan McDermid/Reuters Wendy McMahon, the president and CEO of CBS News and Stations and CBS News Ventures, announced Monday that she is stepping down from her role leading the company. The surprising move is…
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% Monday, according to Mortgage…
CBS News President Wendy McMahon resigned on Monday. Here, McMahon (second from left) stands with former 60 Minutes Executive Producer Bill Owens and two of the show’s correspondents, Cecilia Vega and Scott Pelley, at the CBS fall schedule celebration held at Paramount Studios in May 2024. Gregg DeGuire/Variety via Getty Images/Variety hide caption toggle caption…
Asian equities declined Monday as investors reacted to weaker-than-expected Chinese economic data and fresh concerns over US credit risk. China’s National Bureau of Statistics reported April industrial output rose 6.1% year-over-year, slowing from 7.7% in March but beating forecasts. Retail sales climbed 5.1%, below the expected 5.5% and down from March’s 5.9%. Markets across the…
Asian equities declined Monday as investors reacted to weaker-than-expected Chinese economic data and fresh concerns over US credit risk. China’s National Bureau of Statistics reported April industrial output rose 6.1% year-over-year, slowing from 7.7% in March but beating forecasts. Retail sales climbed 5.1%, below the expected 5.5% and down from March’s 5.9%. Markets across the…
Wendy McMahon announced on Monday that she will step down from her role as president and CEO of CBS News and Stations and CBS Media Ventures. McMahon, who joined CBS in 2021 and has held the CEO role since 2023, called the job one of the most meaningful of her career, but noted the past…
Regeneron Pharmaceuticals on Monday announced it is buying 23andMe out of bankruptcy for $256 million – taking with it the company’s extensive trove of genetic samples and data. It will acquire 23andMe’s Personal Genome Service, Total Health and Research Services and its large biobank, including genetic data of more than 15 million customers – raising…
Lawyers for Trump and the media company are holding mediation talks about a potential settlement, news that has reportedly roiled staffers inside the network. Source link
BGC Group, Inc. is a global marketplace, data, and financial technology services company for a range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and includes the FMX Futures Exchange. It also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, information, consulting, and other back-office services to…
Trump’s comments come at a nervy time for the U.S. economy. U.S. stocks opened slightly lower Monday morning after Moody’s downgraded the U.S. sovereign credit rating, a surprise move that hints at the ongoing fallout from Trump’s hectic tariff rollout. That helped send U.S. Treasury yields (how much it costs the U.S. to borrow money)…