Paramount Global had its senior debt rating cut to one level above junk-bond status by Moody’s Investors Service, which cited the media company’s heavy borrowing and tough conditions for the film and TV industry.
Palantir Technologies Inc. was downgraded at Morgan Stanley, the latest indication of how Wall Street is skeptical of the software company, which has touted itself as a major player within artificial intelligence.
It’s been more than five months since Silicon Valley Bank failed, but you wouldn’t know it from looking at bank stocks.
AMC Entertainment Holdings Inc. shares pared gains to end Thursday lower even after pop star Taylor Swift announced that her recent “Eras Tour” will screen in North American cinemas starting in October.
Market-making firm Virtu Financial Inc. sued to block its former head of client technology from accepting a senior role at prime broker Clear Street LLC, saying he would inevitably share its “most valuable trade secrets” with a budding competitor.
The US Capitol’s top health official cleared Senate Republican leader Mitch McConnell to work a day after he froze for the second time in as many months at a public event.
The world’s largest military says it’s serious about investigating unexplained objects in America’s skies and will ask service members — and eventually ordinary people — to submit what they think might be alien sightings.
New Jersey Transit’s locomotive engineers voted unanimously Thursday to authorize a strike after years of contract negotiations stalled, but any potential work stoppage or disruption to services is likely months away as mediation plays out.
House Republicans are probing Hawaiian Electric Industries Inc.’s role in the deadly Lahaina wildfire amid a contentious blame game over the blaze that killed at least 115 people and caused more than $5.5 billion in damages.
United Parcel Service Inc. is offering a voluntary severance package for 167 pilots amid a slump in air freight volume.
