Israel’s credit rating was downgraded by Fitch Ratings Monday, after the agency cited concerns around the ongoing war with Hamas and geopolitical risks.

The downgrade underscores the financial toll of the war, which has also seen tens of thousands of people killed and has shaken the region and the world. Analysts from Fitch said the “the conflict in Gaza could last well into 2025,” and there are risks of the conflict spreading.

cross-posted from: https://lemmy.world/post/18587159

cross-posted from: https://lemmy.world/post/18550996

cross-posted from: https://lemmy.world/post/18516742

Source Nikkei article

Susan Wojcicki, a pioneering tech executive who helped shape Google and YouTube, has died, her husband said. She was 56.

Wojcicki played a key role in Google’s creation and served nine years as YouTube’s CEO, stepping down last year to focus on her “family, health, and personal projects I’m passionate about,” she said at the time.

cross-posted from: https://lemmy.world/post/18478191

Paramount Global will cut 2,000 employees, 15% of its U.S. workforce, in the next few weeks, ahead of its planned merger with Skydance.

Paramount has reduced the book value of its cable channels by $6 billion.

Sports, broadcast TV and $1 billion in digital commitments paced Paramount Global's overall upfront ad performance, Co-CEO Chris McCarthy said.

Was Intel hiding its big problems all along?

The app problems are having a ripple effect within Sonos. In addition to the remediation that will cost Sonos up to $30 million, the company is also delaying two hardware releases.

Spence said:

>The app situation has become a headwind to existing product sales, and we believe our focus needs to be addressing the app ahead of everything else. This means delaying the two major new product releases we had planned for Q4 until our app experience meets the level of quality that we, our customers, and our partners expect from Sonos.

Sonos didn't specify the devices affected, but Sonos has been rumored to be planning a new flagship soundbar to succeed the Arc.

With these delays in mind, Sonos expects $240 to $260 million in fiscal Q4 revenue, compared to $397.1 million in fiscal Q3 2024 and $305.1 million in fiscal Q4 2023.