Advertising spending has boomeranged back., meanwhile, finished the week up a more modest 0.7%. The gains last week came as several Big Tech names jumped after strong earnings and traders examined fresh U.S. inflation data. Looking ahead, this week will be filled with more major corporate earnings, key labor data and a Federal Reserve meeting. FollowSo far, it's looking like it will be a strong quarter.
Bakish has lost the confidence of Paramount Global's controlling shareholder Shari Redstone, according to people familiar with her thinking, and she wanted to remove him before the company has negotiations with cable companyall reported first-quarter earnings results this week that beat analysts' expectations, and all three saw improvements in their ad businesses.
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