Company News for Jul 5, 2024

Zacks Equity Research

5 July 2024 at 5:20 am·1-min read

Constellation Brands Inc.’s (STZ) shares tumbled 3.3% after reporting first-quarter fiscal 2025 revenues of $.2,661.8 million, missing the Zacks Consensus Estimate of $2,672.36 million.
Shares of Paramount Global (PARA) jumped 6.9% following news that Shari Redstone's National Amusements entered into a preliminary deal to sell its controlling interest in the media giant to David Ellison's Skydance Media.
Shares of Humana Inc. (HUM) tanked 3.2% after a complaint filed a class-action lawsuit against the health insurer.
Microsoft Corp.’s (MSFT) shares rose 0.3% after the company agreed to pay $14.4 million to settle claims that it unfairly treated California employees for taking protected time off.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Microsoft Corporation (MSFT) : Free Stock Analysis Report

Humana Inc. (HUM) : Free Stock Analysis Report

Constellation Brands Inc (STZ) : Free Stock Analysis Report

Paramount Global (PARA) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Malay Mail
Here’s why Malaysians will have the option to pay partially for hospital bills in exchange for cheaper insurance
Starting September 1, 2024, Malaysians can choose between new, cheaper medical insurance with co-payment features or...
The Guardian
Hollywood studio Paramount agrees $28bn merger with Skydance
End to Redstone family’s involvement in media group, which also owns CBS, Nickelodeon and the UK’s Channel 5
Bloomberg
Citi’s Singapore workforce shrinks by 500 amid global restructuring, ST says
Citigroup Inc.’s workforce in Singapore has shrunk by about 500 people amid a global restructuring planned by the Wall Street giant, the Straits Times reported Monday.
The Telegraph
Old men selling their businesses at risk of Labour tax raid
Capital gains tax rises under Labour would disproportionately hit older men selling their businesses, analysis shows.
Yahoo Finance
Inflation data, Powell speaks, and big banks report earnings: What to know this week
With a cooling labor market narrative emerging, investor focus will shift back to inflation for signs that a September interest rate cut remains likely for the Federal Reserve.
The Telegraph
How to shield your savings from a Labour tax raid
With Keir Starmer in power, savers must act now to protect their wealth from the new Labour government.
Yahoo Finance
Why the S&P 500 is poised to rocket 100% in 5 years
We are in the early innings of a bull market despite several years of big gains, says one veteran market strategist.
Reuters
Pound touches three-week high vs euro after France vote
The pound traded at a three-week high against the euro on Monday, after Sunday's election in France looked likely to result in a hung parliament that raises the risk of political gridlock in the euro zone's second-largest economy. In the UK, new Finance Minister Rachel Reeves will pledge on Monday to take "difficult decisions" to drive economic growth, including swift changes to unblock infrastructure and private investment, in her first major speech since Labour won power last week, according to excerpts released by her Treasury department. Since Labour's landslide win on Thursday, the pound has strengthened by 0.5% against the euro, leaving the single European currency at 84.54, its lowest since June 14 on Monday.
The Telegraph
‘This is the worst we’ve seen’: why sales of new cars are crumbling
The new car market is “crumbling” to all-time lows as drivers shun high costs and shift their attention to second-hand motors.
The Telegraph
Labour’s secret tax plans – explained
With Labour now in power, the threat of higher taxes is looming large. I am going to make a few suggestions about how we might prepare.
The Guardian
UK urged to protect Ukraine from legal action over private debt default
Kyiv shouldn’t have to fight ‘shameless bondholders’ as repayment deadline nears, say campaigners
Yahoo Finance
Is America saving enough for retirement?
Despite high inflation, Vanguard found that Americans set aside funds for retirement at the highest rates ever.
The Telegraph
How Labour could clobber Britain with a ‘double death tax’
A “double death tax” under Labour would add tens of thousands to families’ inheritance tax bills, analysis has shown.
Malay Mail
KLCC confirms car stolen from valet service, suspect already detained by cops
KUALA LUMPUR, July 7 — In an alarming incident at the Suria KLCC shopping mall yesterday, a vehicle entrusted to the mal...
Malay Mail
Umno veterans question low Chinese voter turnout at Sg Bakap
KUALA LUMPUR, July 7 — The Umno Veterans Club today expressed concern over the low turnout of Chinese voters during the...
The Telegraph
‘Everything they touch will turn to gold’: What’s next for the Sunaks?
It’s all over for Rishi Sunak now that his party has lost the general election in emphatic fashion – despite retaining his seat, this is surely the beginning of the end of his frontline political career as he serves out the last of his days as leader of the party.
Malay Mail
Malaysian film director Mansor Puteh dies in accident, aged 70
PETALING JAYA, July 7 — Film director and critic Mansor Puteh, 70, passed away after the car he was driving skidded and...
The Telegraph
China’s dirty and dangerous race to become a space superpower
It was supposed to be a moment of triumph for China’s space industry. The 180ft Long March 3B rocket stood on the launch pad, ready to carry an American-made satellite into orbit on its debut mission.
The Telegraph
I’d like to believe the Moon landings were faked – the alternative is far bleaker
In September 2002, the astronaut Buzz Aldrin – the second man to walk on the Moon – was confronted in Beverly Hills by a camera crew led by Bart Sibrel. Sibrel, the creator of several documentaries alleging that the Moon landings never happened, shoved a Bible at Aldrin and demanded he swear on it that he wasn’t lying about walking on the Moon, before calling him “a coward and a liar”.
People
Taylor Swift and Travis Kelce Leave Hand-in-Hand After Her Third Eras Tour Show in Amsterdam: Watch
The singer was supported by the NFL star at her third show in the Dutch capital on July 6

Latest stories