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Market Chatter: Bronfman Hopes to Partner Paramount With a Big Tech Firm
Is the rebound fading? Goldman Sachs: Hedge funds are selling stocks at the fastest pace in more than two years.
In August, 'smart money' is selling global equities at the fastest pace since March 2022, with the most net selling in North America. Hedge funds are skeptical of the sustainability of the stock market rebound, and geopolitical concerns continue to be worrying. The 'fly' of the economic situation may soon hit the glass windshield.
Amazon, Bunnings to Face New Questions Over Customers
Vanguard Group warns: US technology stocks are seriously overvalued, people are too optimistic about the prospects of AI.
① Chief Economist of Pioneer Group wrote in the report that the market's expectations for artificial intelligence technology seem to be somewhat excessive. ② He warned that Wall Street's optimism about the economic growth and corporate profit increase brought by artificial intelligence technology has led to overvaluation of US technology stocks.
If successful in acquiring Paramount Universal (PARA.US), Brownman hopes to collaborate with technology giants to develop streaming media business.
Eddie Berman hopes to collaborate with Amazon, Apple, and other technology companies to improve Paramount's streaming business, if his bid successfully beats Skydance Media.
'Deadpool & Wolverine' Retakes No. 1 Spot at Movie Box Office
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