Paramount Global's National Amusements, controlled by Shari Redstone, is attracting interest from former exec Edgar Bronfman Jr. and Hollywood producer Steven Paul, as it faces challenges and potential mergers. Warren Buffett sold its stake, while Sony and Apollo were previously interested. Stock trading lower.
Bank of America's chief investment strategist turns bullish on bonds, expects stock market sell-off. Advises to buy dip in bonds and sell first cut for stocks.
Goldman Sachs predicts a favorable juncture for risky assets as global manufacturing activity aligns with service sector growth, bolstering investor confidence.
Bank of America's Michael Hartnett's insights reveal common catalysts for market bubbles, including tech innovation and central bank easing. Historic parallels to current Magnificent Seven stocks show potential for future burst, with rising Treasury yields as a harbinger.
Tuesday on Wall Street was marked by a subdued trend in major equity indices as investors remained cautious ahead of key inflation data scheduled for release on Thursday and the kick-off of the earnings season.