Apple CFO, Paramount, Chinese industrial profits - what's moving markets
Investing.com -- Wall Street is seen trading in tight ranges Tuesday, with the focus on Apple after its announcement of management changes. Paramount will also be in the spotlight as its acquisition draws nearer, while Chinese data pointed to signs of life in the world's second-largest economy.) is changing its management team, with Luca Maestri stepping down as chief financial officer from the beginning of the 2025.
Maestri, however, will continue to lead the Corporate Services teams and report to Apple CEO Tim Cook. Apple also announced on Monday that its next launch event will take place on Sept. 9, where it will likely unveil a series of new iPhones and updates to other devices and apps, as it attempts to reverse a global sales slowdown, particularly in China.U.S.
His offer had threatened to derail an $8.4 billion agreement reached in July by Skydance and Paramount, which is home to its namesake film studio, the CBS broadcast network and cable networks such as Nickelodeon and Comedy Central. Profits in July jumped 4.1% from a year earlier following a 3.6% rise in June, National Bureau of Statistics data showed on Tuesday.That said, domestic consumption demand remains weak, as shown by the disappointing second-quarter results from the likes of JD (NASDAQ:
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What to Watch This Week on Prime Video, Hulu, Netflix, Peacock, Apple TV+, Paramount+ & MaxHere are the best new shows and movies to watch this weekend on streaming services.
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