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A general view of Paramount Pictures Studios and its iconic water tower in Los Angeles, California, U.S., Feb. 27, 2026. Mario Anzuoni | ReutersJeff Shell is leaving his position as president of Paramount Skydance Corp. after a lawsuit accused him of Securities and Exchange Commission violations.The company said it did not find an SEC violation. Paramount added in a statement that the claims were “baseless” and said Shell is taking “forceful legal action.” “Consistent with Mr. Shell’s commitment to prioritizing PSKY’s success, he has elected to transition from his positions as President of PSKY and a member of PSKY’s Board…

David Ellison’s right-hand man is leaving Paramount Skydance. Loading audio narration… Jeff Shell has stepped down from Paramount, where he’d been president since August 2025, the company said in a statement on Wednesday. As president, Shell helped oversee the company’s day-to-day operations.The company said in a statement that it was “grateful for Mr. Shell’s many contributions and to have relied on him as a valued advisor.”Shell’s departure comes weeks after a strange legal fight in which RJ Cipriani, a professional gambler and self-proclaimed whistleblower, sued the Paramount president for $150 million. In the suit, Cipriani alleged that he wasn’t paid…

US President Donald Trump gave Wall Street exactly what it hoped for on Tuesday evening when he announced a two-week ceasefire with Iran, triggering a relief rally in the stock market. Loading audio narration… This result is a reminder of how the TACO trade came to be one of the past year’s defining market trends. Stock surged on the news. with the Dow rising more than 1,300 points at the opening bell. Oil prices tumbled and bond yields dropped as markets recalibrated expectations for the economy. Still, some finance pros and economists think a victory lap may be premature. Here’s what some…

Kite aerial of Brant Point and harbor and Coatue, Nantucket, MA.J. Greg Hinson, Md, Www.ackdoc.com | Moment | Getty ImagesThe tiny island of Nantucket, Massachusetts, is home to some 14,000 year-round residents. Joining their ranks will cost you at least $1 million, according to a new list of luxury housing markets by Realtor.com.Nearly all of Nantucket’s active listings are priced at $1 million or higher with a median listing price of $4.08 million, the real estate platform found. The island averages 138 million-dollar listings a year, according to the report.Vineyard Haven, a community within neighboring Martha’s Vineyard, Massachusetts, has the…

Last-minute tips if you haven’t filed your taxes yet – CBS News Watch CBS News CBS News business analyst Jill Schlesinger gives last-minute tax tips for anyone who hasn’t filed yet. Most Americans have until April 15 to file their tax return, request an extension to file and pay any taxes owed. (Sponsored by Edward Jones) Source link

In the rural plains of Northern Poland, at a remote base surrounded by farmland and pine forest, some 150 U.S. Navy sailors have a small slice of comfort through the Navy Exchange Mini Mart, a place for familiar snacks, hygiene products and the household brands many of them knew growing up. One of hundreds of retail stores the Navy operates globally through the Navy Exchange Service Command, or Nexcom, the convenience store in Redzikowo doesn’t make much money. But it’s part of a sprawling system that plays a critical role in retention, morale and ultimately, U.S. national security by funneling profits…

Marketers have to sift through mountains of data as they try to make their ads perform better. A new startup, Pomo, is using AI to help.Pomo shared exclusively with CMO Insider that it had raised $4.5 million in seed funding led by Kindred Ventures, with participation from Databricks Ventures, Seven Stars, SV Angel, Timeless Partners, and 645 Ventures.It also got angel investments from Scott Belsky, who led product at Adobe; Mehdi Ghissassi, the past product head of DeepMind and Google Brain; and Massimo Mascaro, formerly of Google AI.Pomo — whose name is a riff on post-modern advertising — is a…

Delta Air Lines CEO Ed Bastian said the carrier will “meaningfully reduce” its capacity growth plans in the near term as fuel costs soar, solidifying a pullback from airlines that have been roiled by a historic run-up in jet fuel due to the Middle East war.Shares were up more than 11% in premarket trading, extending gains U.S. carriers saw after oil prices dropped.Delta on Wednesday forecast adjusted per-share earnings of $1 to $1.50 in the second quarter, compared with the $1.41 a share analysts were expecting, with revenue up in the “low-teens” percentage points compared with a year earlier, above…

Cafeteria chains, like Morrisons, Piccadilly, S&S, and Luby’s, once dominated the American South. By the mid-20th century, there were thousands of locations across the US. Loading audio narration… Just like a school cafeteria, customers slid their trays down the line, pointed to what they wanted, and paid at the end. But unlike sad school pizza, these cafeterias served steaming piles of biscuits and gravy and crisp fried chicken. The carved meats section of a Luby’s Cafeteria in Texas in 2004.  James Nielsen/Houston Chronicle via Getty Images By the 1970s, though, cafeterias faced growing competition from fast-food chains that offered cheaper…

If you’ve ever put your credit card down at happy hour, you know how trepidatious it can be when that final bill comes. You know it’s going to sting. It’s just a question of how much. Loading audio narration… That’s how this week’s inflation report feels. Due on Friday, it’s going to show Americans how much the Iran war has run up our national tab.The forecasts right now are grim. The consensus estimate is for a 3.4% consumer-price index (CPI) increase from a year ago. That’s up from 2.4% last quarter, and would be the biggest year-over-year jump in two…