Paramount Global Stock Pops After Earnings, Job Cuts

Paramount Global (NASDAQ:PARA) stock is up 4.5% at $10.66 at last glance, after the streaming giant reported better-than-expected second-quarter earnings of 54 cents per share, though revenue missed estimates. The company also announced it was cutting 15% of its workforce in its latest round of layoffs, as it prepares for its Skydance Media merger. Today's pop isn't enough to push Paramount Global stock into the black for the week, however, with the equity on track for its fifth consecutive weekly loss. The ...