Paramount Global is exploring the sale of BET Media Group and VH1, according to The Wall Street Journal, as it focuses on its streaming platform.
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Guinness Ambassador Joe Montana, Diageo Celebrate St. Patrick’s Day at NYSE
Guinness Ambassador and Pro Football Hall of Famer Joe Montana and Diageo CEO Nuno Teles got to ring the closing bell at the New York Stock Exchange to celebrate the St. Patrick’s Day holiday for the first time in two years. "We're just happy to be out here celebrating today. not only St. Patrick's Day, but the ability for all of us to get together again, right, and be able to celebrate St. Patrick's Day," said Montana. And with March 17th being the biggest day of the year for the Guinness brand, it comes amid supply chain woes. "Well, there's a high demand and with high demand, we need to really go and be more creative in the way we manage the supply," Teles said. "So we have been able to allocate product, making sure that everyone has what they need to go through this important period of the year, which is St. Patrick's."
Colossal CEO Says Its About Saving Biodiversity, Not Just Extinct Woolly Mammoth
Bioscience and genetic engineering company, Colossal, raised $60 million in a Series A funding round. Colossal is focused on developing new technologies and genetic tools to restore extinct species, and protect critically endangered species. One of the startup's long-term goals is to resurrect the woolly mammoth, and return it back to the arctic. Colossal also says it is developing technology that expands beyond animals, and has the potential to advance human health. Ben Lamm, co-founder and CEO of Colossal, joins Cheddar News' Closing Bell to discuss.
AMC's Gold Mine Investment Is as 'Random as It Sounds,' Says Analyst
Analysts are puzzled by AMC Theaters' purchase of a 22 percent stake in a Nevada-based gold and silver mine this week. Cheddar's Alex Vuocolo investigates.
Amazon Closes $8.5B Deal to Acquire Hollywood Studio MGM
Amazon has closed its $8.5 billion acquisition of Hollywood studio MGM, two days after European regulators said the deal “would not significantly reduce competition” in European markets.
Cheddar Afternoon Google News Briefings of March 17th
Cheddar Afternoon Google News Briefings
Afternoon Alexa Flash Briefings of March 17th
Alexa Flash Briefings
Cheddar Quick Hit GSTV of March 18th
Cheddar Quick Hit GSTV
Markets Open Lower As Fed Announces Interest Rate Hike
Markets opened lower as the Federal Reserve announces plans to hike interest rates by a quarter point, while signaling six additional rate hikes later this year. Gary Schlossberg, Global Strategist, Wells Fargo Investment Institute, joined Cheddar's Opening Bell to discuss.
Markets Rally as FOMC Meeting Set to Conclude With Decision on Rate Hikes
Ahmed Riesgo, Chief Investment Officer for Insigneo, discusses the importance of the Fed's comments on future rate hikes and what lower-than-expected Retail Sales data means for consumer spending in the near term.
