Nokia sales and profit drop as economic challenges lead to cutback on 5G investment

Nokia sales and profit drop as economic challenges lead to cutback on 5G investment

HELSINKI — Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting back on investments into 5G and other technology because of economic uncertainty. The Espoo, Finland-based company reported net profit of 568…

NFL conference championship picks: Who’s going to Super Bowl?

NFL conference championship picks: Who’s going to Super Bowl?

Ravens quarterback Lamar Jackson, left, and Chiefs quarterback Patrick Mahomes have met on the field before, but this time it will be in Baltimore. (Charlie Riedel / Associated Press) When: Sunday, noon, CBS (Channel 2). Line: Ravens by 3½. What do the Chiefs need to do: Run the ball and stick with it. Stay patient…

Sports Illustrated’s future in standoff between billionaires: sources

Sports Illustrated’s future in standoff between billionaires: sources

Sports Illustrated’s future comes down to a high-stakes game of chicken between the iconic magazine’s billionaire overlords, The Post has learned. In one corner stands Manoj Bhargava, the founder of 5-Hour Energy and top shareholder of SI publisher The Arena Group, who made a risky bet to withhold paying the licensing fee in a bid…

Bucks hiring Doc Rivers as coach 1 day after firing Adrian Griffin: Sources

Bucks hiring Doc Rivers as coach 1 day after firing Adrian Griffin: Sources

The Milwaukee Bucks are hiring longtime NBA coach Doc Rivers, league sources said Wednesday, one day after the team fired first-year coach Adrian Griffin. Rivers, 62, began serving as an informal consultant to Griffin in December at the behest of the Bucks. The team quickly moved to agree to a deal with Rivers after moving…

Media heiress Shari Redstone receives preliminary offer for Paramount parent: report

Media heiress Shari Redstone receives preliminary offer for Paramount parent: report

Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes…

Mike Macdonald lets the Ravens defense do his talking

Mike Macdonald lets the Ravens defense do his talking

If Mike Macdonald’s ascent to one of the NFL’s hottest coordinators and a legitimate head-coaching candidate feels meteoric, that’s probably because he has never embraced the art of self-promotion. The 36-year-old second-year Baltimore Ravens defensive boss has consented to side media interviews in recent weeks largely because he wants to tout the chemistry and cohesion…

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

FRANKFURT, Germany — European Central Bank President Christine Lagarde will likely push back Thursday against expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. She will likely underline that the bank needs to see more proof…

‘Arctic zombie viruses’ could be released by climate change from thawing permafrost, some scientists claim

‘Arctic zombie viruses’ could be released by climate change from thawing permafrost, some scientists claim

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