Author: jenny

Economy 

CBS All Access Expanding Internationally Rebranding As Paramount+

jenny

CBS All Access Expanding Internationally Rebranding As Paramount+





Live streaming service CBS All Access, a ViacomCBS company, will be renamed Paramount+ and expand into international markets. Paramount, a movie and television studio, and the CBS television network are both part of the media empire created by the late Sumner Redstone. His daughter, Shari Redstone, currently serves as the chairman of ViacomCBS.

So what’s in a name? Apparently everything when it comes to marketing. CBS is known in America, but not internationally. Paramount, on the other hand, has long been an international brand. And Paramount+ is a lot

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Biz News 

U.S. stock futures drop after Fed signals no rate hikes until 2023

jenny

U.S. stock futures were lower early Thursday as traders digested the Federal Reserve’s pledge to keep rates low over the next few years.

Dow Jones Industrial Average, which earlier traded just below the flatline, pointed to an opening loss of more than 250 points. S&P 500 and Nasdaq 100 futures also traded in negative territory. 

Members of the Federal Open Market Committee indicated the U.S. overnight rate could stay anchored to the zero-bound through 2023 as the central bank tries to spur inflation. In a statement, the committee said: “With inflation running persistently below this longer run goal, the Committee

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Finance 

This will be the biggest year ever for software IPOs as coronavirus and work-from-home show value

jenny

The software business is on fire. This is going to be by far the biggest year for software IPOs in history.

Four big software IPOs are pricing this week: Snowflake, Unity Software, Jfrog, and Sumo Logic. Palantir and Asana are coming at the end of September.  

Snowflake priced its IPO at $120 per share, raising $3.3 billion. Previous price talk over the weekend had been at $75-$85 per share, then raised to $100-$110 per share on Monday.

Snowflake is not only the largest IPO of year, it’s the largest software IPO ever.  At $3.3 billion raised, it is

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Economy 

Tropical storm Teddy becomes a hurricane

jenny

Tropical storm Teddy, which formed in the northern Atlantic Ocean on September 15, strengthened into a new hurricane, the US National Hurricane Center (NHC) reported.

“Teddy has rapidly intensified into a hurricane with maximum sustained winds of 90 mph,” the statement said.

In a more recent update, the NHC pointed out that the speed of Teddy’s sustained winds already reached 90 miles per hour or more than 144 kilometers per hour.

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Biz News 

Learn How to Build Your Own E-Commerce Empire on Amazon With the Help of This Training

jenny

Sacramento, California, USA – February 25, 2011: Closeup image of a portion of the amazon.com homepage displayed in a Firefox browser on a computer monitor. Amazon.com started its online bookstore in July 1995. Today it is the world’s largest internet retailer.

There has never been a more opportune time to kickstart an online venture, especially if you’re doing it on a platform like Amazon. With the pandemic, most people have transitioned to online shopping to replenish their essentials. Naturally, this caused Amazon to double its profit to an astounding $5.2 billion.

You may want to take advantage

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Finance 

1 in 5 Americans Will Support Local Small Businesses More This Holiday Shopping Season

jenny

Nearly 1 in 5 (19%) of consumers plan to purchase more from small local businesses this holiday season. Almost half of shoppers say they will be willing to shop in-store if retailers offer contactless pay options this winter. Over two-thirds (77%) of consumers want masks to be mandatory at local retailers during the holiday season.

These were the findings of a survey by Sykes, a leading provider of multichannel demand generation and customer engagement services. Sykes’ report was titled ‘The Impact of Covid-19 on Retail Markets & Consumer Perceptions Leading into the 2020 Holiday.’ Sykes surveyed 1,500 US

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Economy 

ViacomCBS Sells CNET For $500 Million

jenny

ViacomCBS Sells CNET For $500 Million





CNET Media Groups will be sold to Red Ventures by Viacom CBS for $500 million. Shari Redstone currently serves as chairman of ViacomCBS.

CBS acquired CNET in 2008 for $1.8 billion. So this means a pretty big loss for the company. After a period as separate companies, Viacom and CBS were “remarried” in 2019. Ever since, the company has been dumping its less viable assets.

CNET Media Group is a portfolio of world-class brands that reach close to 100 million unique visitors monthly, advising passionate consumers about everything they love. The

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