North America
CNBC Finance

David Ellison names Ynon Kreiz co-CEO of Paramount and Warner Bros. Discovery

Paramount Skydance CEO David Ellison announced on Wednesday the appointment of outgoing Mattel Chief Executive Officer Ynon Kreiz as his co-CEO of the anticipated combination of Paramount and Warner Bros. Discovery. The pair will lead as "one team," with Kreiz set to take on the operational duties of the media company, according to a press release. Kreiz will become co-CEO effective at the closing of the merger and will also join the company's board of directors. "Ellison will focus on the company's long-term strategy, creative vision and direction, including its talent relationships, strategic partnerships, technology and capital allocation," Paramount stated in the release. "Kreiz will focus on the company's day-to-day management and integration of the combined businesses." The announcement comes less than two weeks after Paramount settled an antitrust lawsuit with a group of state attorneys general that sought to block the $110 billion merger. A federal judge on Wednesday entered an order to allow the merger to close. "Bringing together Paramount and Warner Bros. Discovery to create a next-generation global media company is a transformational moment for our industry," said Ellison in the release. "Leading it takes a rare combination of strategic vision, operational depth and experience running a public company at the highest levels of media. Ynon brings all three." In a separate release late Wednesday, Paramount said the merger would close on Oct. 6 Earlier on Wednesday, Mattel announced Kreiz was departing the company after eight years in the top job. During his tenure, Kreiz led the company through major transformations and oversaw the release of "Barbie," the highest-grossing domestic film release of 2023. The events on Wednesday set up the end of a long back-and-forth battle through which Ellison has sought to expand his media empire. He first set his sights on Warner Bros. Discovery in September 2025 and since then has faced a bidding war against Netflix and a legal challenge over antitrust concerns. The transaction, which will be one of the largest media mergers in history, is expected to be completed in the coming weeks. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

David Ellison names Ynon Kreiz co-CEO of Paramount and Warner Bros. Discovery
Europe
The Guardian

MS Now connects ‘blue dots’ at Texas fan event: ‘I always feel hope when I watch them’

Jacob Soboroff takes a question from the audience at MS Now’s live fan event in Texas on 26 September 2026. Photograph: Amy Mikler Kenyon/Amy Mikler Kenon/MS NOW © Versant Media.View image in fullscreenJacob Soboroff takes a question from the audience at MS Now’s live fan event in Texas on 26 September 2026. Photograph: Amy Mikler Kenyon/Amy Mikler Kenon/MS NOW © Versant Media.MediaMS Now connects ‘blue dots’ at Texas fan event: ‘I always feel hope when I watch them’Network at receiving end of White House press ban recently chose red state to host fan event as part of broader outreach In 2024, Donald Trump and JD Vance carried Tarrant county, Texas, by 42,125 votes. So why, on the afternoon of 26 September, was the arena at the University of Texas-Arlington filled with nearly 5,000 super fans cheering for liberal media darlings Rachel Maddow and Lawrence O’Donnell like they were rock stars? After two years of hosting the network’s annual fan event in dark blue New York City, MS Now (formerly MSNBC) got wind that something was happening in Texas. The state, which hasn’t elected a Democrat to the US Senate in 37 years, might do so next month, when 37-year-old James Talarico, Texas state representative, goes up against the Republican nominee, Ken Paxton, a well-known but controversial figure who ousted incumbent John Cornyn in the party’s primary with Donald Trump’s backing. “We wanted to be bigger and bolder. We wanted to go to a story that really matters (and this is one of the most important stories of the season), and we wanted to keep growing our live events business,” Marcus Mabry, senior vice-president of content strategy for MS Now, said in an interview. And, he noted, “everything is bigger in Texas”. While MS Now has a relative monopoly on older liberal Americans who still watch linear television, the network sees potential outside of its traditional coastal strongholds – much like the national Democratic party. Several MS Now hosts hinted at that growth opportunity in their on-stage remarks throughout the day’s programming. View image in fullscreenRachel Maddow hosts a discussion at MS Now’s annual live fan in Texas on 26 September 2026. Photograph: Amy Mikler Kenyon/Amy Mikler Kenon/MS NOW © Versant Media.“I will say, in the state of Texas, you might have a lot of neighbors that don’t vote like you, but it doesn’t mean they can’t tomorrow,” Stephanie Ruhle, an MS Now host, told the crowd. “I met so many people today whose eyes were filled with tears, and they said: ‘I’m the sole blue dot in Texas.’ How great that you are outstanding. How great that you are a special voice.” Or, as Mabry put it: “I think right now the opportunity for any journalism in the country is to stop speaking red and blue, and to start speaking to people as individuals.” In a holding room before his on-stage interview with Stacey Abrams, a former Georgia state representative, Chris Hayes, an MS Now host, said viewers seem to be more “locked into the news” lately after a period of post-election malaise (and softer television ratings) in late 2024 and early 2025, particularly now that Democrats face good odds in next month’s midterm elections. “There are thousands and thousands of people here – in the middle of Texas,” he said of the event. Comparing the vibes with the months after Trump took office, “it feels like another world. … We’ve had the most intense stress test in the American constitutional republic in my lifetime, and I don’t think anything is determined yet, but it certainly feels better than a year and a half ago.” The network is feeling that surge of interest. So far this year, MS Now’s primetime lineup is averaging 1.3 million viewers, up 11% from 2025. The network has seen an even bigger increase among viewers aged 25 to 54, the demographic most prized by advertisers. View image in fullscreenChris Hayes smiles with fans at MS Now’s live fan event in Texas on 26 September 2026. Photograph: MS NowThe event – Together In Texas: We the People 2026 – also served as something of an in-person illustration of the network’s first major direct-to-consumer offering, a membership plan – for $7.99 per month or $79.99 annually – that gives subscribers access to two daily Q&As with top hosts and reporters, a moderated discussion community for members, exclusive content, a curated daily briefing and even a collection of guided meditations. (Those in the Founders tier of the membership program had access to a special lounge at the event space.) “We’re still telling the audience what they need to know, but we’re also asking them, ‘What do you want to know, and how can we actually have a relationship where we actually are more than just delivering news to you as the voice of god,’ which fewer and fewer audience actually wants,” Mabry said. “I hope our business is learning that, because that’s the only way we survive. And we have to survive – it’s important for democracy.”

MS Now connects ‘blue dots’ at Texas fan event: ‘I always feel hope when I watch them’
Europe
BBC Business

The job interview question you don't have to answer

Prepare all you like, but there is often still one job interview question that leaves you feeling uncomfortable. While employers in the UK are within their rights to ask you how much you get paid in your current role, applicants are not obliged to tell them. Recruiters have been encouraged to stop posing questions about salary history and, in the EU, new rules will prevent them doing so. But in the UK, there is still a chance of it coming up, so how best should you answer? When interviewing or deciding on new staff, employers must not discriminate against an applicant based on so-called protected characteristics, including age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, and sexual orientation. Sometimes it feels like interviewers, and interviewees, tip-toe around the subject of money. But Louise Rudd, a senior adviser at the workplace advice and conciliation service Acas, says there are no regulations that prevent employers from asking interviewees about their current salary, or their salary expectations. She says employers, if they do want to know, should ask each applicant the same questions to ensure they are treated fairly. A few years ago, a campaign was launched urging employers to stop asking new recruits how much they were paid in their previous jobs. It had its own hashtag - #EndSalaryHistory. The Fawcett Society, which campaigns for women and gender equality, said that asking the question risked maintaining historic unfair differences in pay due to gender, race and disability inequality. Rather than offering a salary based on skills, experience and performance, it meant employers rewarded an individual's perceived worth and negotiating skills instead, the society said. Image source, Getty ImagesThe Recruitment and Employment Confederation supported the move, urging recruiters not to ask.

The job interview question you don't have to answer
Europe
BBC Business

Trump's AI rebrand causes 'unprecedented' demand for Slovenian website names

Image source, Getty ImagesByLaura CressTechnology reporterPublished21 minutes agoPresident Donald Trump's push to rename AI may be behind an "unprecedented" rise in registrations for domain names in Slovenia, according to its official national registry. The president wants AI to be called super intelligence - or SI - the same initials used by Slovenian websites. Register.si spokesperson Klara Herman said 44,000 web addresses with the .si suffix had been registered in September, compared to less than 2,000 in August - an increase of more than 2,100%. She said the scale of activity in late September was "unprecedented" compared to the previous 12 months. President Trump called for the technology to be renamed during his speech to the United Nations General Assembly in New York on 11 September. "It's not fake, it's actually amazing. But we have to be careful... welcome to the new world of super intelligence." Internet domains are the unique human-readable addresses people type into their web browsers to access websites - like bbc.co.uk. Herman said registrations for .si web addresses in September stood out "very clearly" against the other months in the year, although she was "cautious" about attributing the entire increase to only President Trump's comments. One possible explanation for the purchases is cyber-squatting - where people speculatively register specific domain names in case they increase in value later on and can be sold for a profit. For example, in 1997 Rick Schwartz, known as "The Domain King", bought the domain name men.com for $15,000 (£11,300). He sold it for $1.32 million seven years later. On Tuesday, President Trump hosted a meeting of top technology bosses for what he called "an extraordinary gathering" of the people "building America's Golden Age". He signed an executive order instructing US government departments and agencies to start using the terms "SI" and "Super Intelligence" and they should no longer acknowledge the use of the term AI.

Trump's AI rebrand causes 'unprecedented' demand for Slovenian website names
North America
CNBC Finance

Mattel names Roger Lynch as CEO, replacing Ynon Kreiz

Mattel on Wednesday named Roger Lynch as its new CEO and chairman, succeeding Ynon Kreiz. Lynch, who has been a member of Mattel's board since 2018, will take the reins as chairman on Oct. 2 and CEO by Nov. 2, according to the press release. Lynch is currently the CEO of Condé Nast, a position he has held since 2019. Mike Perlis will serve as Condé Nast's interim CEO while the board begins it search for Lynch's successor, according to a letter from Lynch. "I am honored by the Board's confidence in me and couldn't be more excited to lead the incredible team at Mattel," Lynch said in the release. "Throughout my years on the Board, I have admired Mattel's brands, its talented people, and unique culture." Kreiz will leave Mattel after more than eight years at the helm to become the co-CEO of the anticipated merged company of Paramount Skydance and Warner Bros. Discovery, according to a press release. Kreiz will serve as CEO alongside current Paramount CEO and chairman David Ellison. The announcement comes less than two weeks after Paramount settled an antitrust lawsuit with a group of state attorneys general that sought to block the merger. Kreiz has led the toymaker and entertainment company through major transformations, including the release of "Barbie," which became the highest-grossing domestic film release of 2023. "It has been a privilege to lead Mattel, with a global team dedicated to its mission and purpose, and I am proud of all we have achieved together," Kreiz said in a statement. "Mattel is in a position of strength, with a world-class brand portfolio, product offering, and global capabilities." Mattel has been working on bolstering its iconic brands, with Hot Wheels as a notable strength. The company is also attempting break into the digital games space in a bid to match rival Hasbro. It acquired full control of its Mattel163 Mobile Games Studio earlier this year. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Mattel names Roger Lynch as CEO, replacing Ynon Kreiz
North America
CNBC Finance

Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low

DETROIT — Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company's 2026 guidance and longer-term cash flow targets as U.S. shares of the embattled automaker trade at an all-time low. "We are completely committed and we are convinced that we will do that," Filosa said Wednesday about Stellantis' forecast for this year of a mid-single-digit percentage increase in net revenue and a low-single-digit adjusted operating margin. Filosa also reconfirmed the company is aiming to be cash flow positive by next year and generate more than 3 billion euros ($3.4 billion) of free cash flow in 2028. The stock ended Tuesday at a new closing low for the company's U.S. shares, contributing to a roughly 60% loss so far this year. The stock is on track for its worst annual performance since the automaker was formed through the merger of Fiat Chrysler and PSA Groupe in January 2021. Shares of the company fell further Wednesday, closing the day 1.58% lower, at $4.36 a share. The trans-Atlantic automaker has been executing a roughly $70 billion turnaround plan following margin dilution and yearslong sales declines, especially in North America and the U.S. Filosa's turnaround strategy has included focusing on regional brands to boost sales, such as Ram and Jeep in the U.S., but it is not cutting down its vast portfolio of 14 automotive brands. The plan's core pillars are "sharper management" of the brand portfolio, new investments, enhanced partnerships, an optimized manufacturing footprint, "excellence in execution," and empowerment of the company's regions and local teams. RBC Capital Markets analyst Tom Narayan on Tuesday in an investor note said despite public comments to keep the company together, the firm views a "break-up as a plausible longer-term scenario" for Stellantis. The goal is for the company to achieve positive free cash flow by 2027. Free cash flow for the automaker was a loss of 4.5 billion euros last year. "The mantra of the reset is around freedom of choice," Filosa, who became CEO in June 2025, said Wednesday during an Automotive News event in Detroit. "It's around listening more to the customer." Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low
Asia
The Economic Times

International mutual funds top return chart last week, offer up to 11% gains. Check top 5 performers

International mutual funds topped the returns chart last week (October 5 to October 9), delivering up to 11% returns during the period. Of the 626 funds, 148 delivered positive returns, four reported no change, and 474 posted negative returns. Here are the top five performers (Source: ACE MF). During the same period, the Dow Jones rose 0.75%, followed by the Hang Seng, which gained 0.71%. The NYSE, S&P 500 and BSE Sensex advanced 0.63%, 0.48% and 0.12%, respectively. On the other hand, the DAX fell 0.66%, the Nasdaq declined 0.40%, and the Nifty 50 shed 0.15%. ICICI Pru Strategic Metal and Energy Equity FoF, an international fund, delivered a return of 3.04% during the period. DSP World Gold Mining Overseas Equity Omni FoF, an international fund, delivered a return of 2.67% during the period. Motilal Oswal Financial Services Fund, a financial services sector-based fund, delivered a return of 2.09% during the period. The other 143 funds delivered positive returns ranging from 0.02% to 1.87% during the period. The 474 funds that posted negative returns recorded losses ranging from 0.01% to 2.72% during the period.

International mutual funds top return chart last week, offer up to 11% gains. Check top 5 performers
Asia
The Hindu BusinessLine

Overseas ETFs: Nearly 30% of turnover at inflated prices

With Indian equities delivering paltry returns over the past two-and-a-half years, many investors have turned to overseas markets in search of better opportunities. | Photo Credit: iStockphoto With Indian equities delivering paltry returns over the past two-and-a-half years, many investors have turned to overseas markets in search of better opportunities. However, this shift towards global investments, particularly US technology and Artificial Intelligence (AI) stocks, has brought an unexpected risk. An overseas exchange-traded fund (ETF) worth about ₹118 a unit traded at as much as ₹396 on Indian exchanges last month. The episode highlights a stark disconnect between market price and underlying value, undermining the low-cost appeal of passive investing. The price distortion is not confined to one ETF but reflects a broader phenomenon across all six international ETFs. Together, these funds recorded a turnover of ₹10,440 crore on the NSE and BSE so far in 2026, of which an estimated ₹3,094 crore involved trades at prices above net asset value (NAV), according to an analysis by bl.portfolio. Motilal Oswal Nasdaq Q50 ETF’s market price surged from ₹142 on September 4 to ₹396.30 on September 18, against an NAV of ₹118.14, taking its premium to 235 per cent. Buyers were paying more than three times the underlying asset value, knowingly or otherwise. The ETF’s market price subsequently plunged to about ₹188 on September 28 before recovering to ₹252 by October 9. Its NAV, however, rose to ₹123.80 on October 9 from ₹118.14 on September 18. The sharp divergence illustrates how ETF prices can fluctuate dramatically without comparable movements in their underlying investments. An analysis of market-price premiums over NAV across 21 trading sessions in the past month reveals wide divergences. Mirae Asset S&P 500 Top 50 ETF averaged a 49 per cent premium, peaking at 83 per cent. Mirae Asset NYSE FANG+ ETF averaged a 35 per cent premium, Mirae Asset Hang Seng TECH ETF 24 per cent and Motilal Oswal Nasdaq 100 ETF 17 per cent. Nippon India ETF Hang Seng BeES was relatively insulated, averaging a premium of 3 per cent. By contrast, overseas ETFs tracking similar indices traded at premiums or discounts ranging from a marginal 0.01 per cent discount to a 15 per cent premium. China’s Guotai Nasdaq-100 ETF traded at a 15 per cent premium to NAV, while South Korea’s Samsung KODEX US NASDAQ 100 ETF traded at a 0.01 per cent discount. South Africa’s Satrix S&P 500 ETF and China Southern S&P 500 ETF traded at premiums of 0.3 per cent and 8.6 per cent, respectively. The six ETFs recorded about 25.3 lakh trades across the NSE and BSE during the 21-session period. Elevated trading activity, sharp price swings and steep premiums point to intense short-term speculation. The Motilal Oswal Nasdaq Q50 ETF, which previously recorded daily trading volumes of around ₹4-5 crore on a good day, suddenly saw volumes jump to ₹50-60 crore. Such activity was unusual for the fund. The surge suggests that some traders who entered during the initial rally may have booked profits as prices corrected, while fresh buying may have supported the subsequent recovery. The distortion stems from overseas investment limits of $7 billion for overseas securities and $1 billion for overseas ETFs. These caps have constrained domestic fund houses from creating fresh units despite sustained demand for global equities.

Overseas ETFs: Nearly 30% of turnover at inflated prices
North America
CNBC Economy

Private sector jobs rose by 90,000 in September, better than expected, ADP reports

Private job creation picked up in September after a brief slowdown, providing further indication that the U.S. labor market has stabilized, according to an ADP report Wednesday. The payrolls processing firm said company employment rose by 90,000 for the month, higher than the downwardly revised 36,000 in August and better than the Dow Jones consensus estimate for 68,000. There also was a fair amount of balance in the report, with service providers adding 59,000 positions while goods producers contributed 31,000. "It's a strong report," said ADP's chief economist, Nela Richardson. "After a three-month slowdown, job creation rebounded and pay growth remained solid." Education and health services contributed the most, with 55,000 new hires. Other areas of growth included leisure and hospitality (22,000), manufacturing (17,000), and construction (15,000). A handful of sectors saw job losses, including financial activities (-16,000), professional and business services (-11,000), and natural resources and mining (-1,000). Much of the employment growth came from the Northeast, which added 56,000. By size, companies with between 50 and 499 workers saw a gain of 54,000. Broadly, the report helped confirm sentiment expressed by multiple Federal Reserve officials that the labor market is mostly sound following a growth scare in 2025. Policymakers see the greater policy risk now as the persistent inflation that pushed central bankers to raise benchmark borrowing rates by a quarter percentage point earlier in September. The ADP count serves as a precursor to the nonfarm payrolls report that the Bureau of Labor Statistics will release Friday. The Wall Street consensus is for a gain of 84,000 jobs, down from a 162,000 increase the prior month, and the unemployment rate to hold steady at 4.1%. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Private sector jobs rose by 90,000 in September, better than expected, ADP reports