Category: Technology

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Paramount Skydance (PSKY) Stock: Rises as $2B Cost-Cutting Plan Sparks Investor Optimism

TLDRs; Paramount Skydance (PSKY) stock rose 1. 3% after unveiling a $2 billion cost-reduction strategy. The restructuring includes 2, 000 job cuts in the U. S. and additional international layoffs. Over half of the cost savings will be realized in the first year, totaling 7% of the combined cost base. Investors view the plan as a sign of [.] The post Paramount Skydance (PSKY) Stock: Rises as $2B Cost-Cutting Plan Sparks Investor Optimism appeared first on CoinCentral.

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Florida Takes Second Shot at Bitcoin Reserve After First Bill Collapsed

TLDR Florida lawmaker Webster Barnaby filed HB 183, allowing the state to invest up to 10% of public funds in digital assets including Bitcoin, crypto ETFs, NFTs, and blockchain products The new bill expands beyond the Bitcoin-only focus of the failed HB 487 from June 2024 and adds stricter custody, documentation, and fiduciary standards If [.] The post Florida Takes Second Shot at Bitcoin Reserve After First Bill Collapsed appeared first on CoinCentral.

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