Paramount Global fell short of Wall Street's fourth-quarter revenue expectations on Wednesday as a continued decline in its cable TV unit clouded higher-than-expected subscriber growth for its Paramount+ streaming platform.

Paramount Global reported weaker-than-expected earnings, highlighting the challenges of its transition to streaming amid declining traditional media segments.

Global debt increased by around $7 trillion in 2024 to reach $318 trillion, a record annual high and a reason for financial markets to be cautious, according to the Institute of International Finance.

The global debt-to-GDP ratio rose for the first time since 2020 last year, as the world's debt stock hit a new year-end record of $318 trillion and economic growth slowed, an Institute of International Finance report showed on Tuesday.

Global borrowing surged by $7 trillion in 2024, pushing total debt to a record-breaking $318 trillion, according to a report from the Institute of International Finance (IIF). This is the first time in four years that debt-to-GDP ratios have climbed,