Paramount Global’s recent announcement of cutting 15% of its U.S. workforce, resulting in the loss of about 2,000 jobs, raises concerns about the impact of such drastic cost-cutting measures on employees. The company has outlined a cost-saving strategy aiming to achieve $500 million in savings, with a significant portion coming from employee layoffs. The targeted
Since the merger between Discovery and WarnerMedia in 2022, David Zaslav, the CEO of Warner Bros. Discovery, has encountered various challenges. The company’s shares have plummeted by about 70% since the merger closed on April 8, 2022. Zaslav’s leadership has been marred by significant layoffs, cancelation of movies and TV series for tax purposes, discontinuation
The Biden administration’s new affordable repayment plan, known as SAVE, has faced numerous legal challenges that have put the program on hold for potentially months or even longer. The White House reports that approximately 8 million people are currently enrolled in SAVE, the Saving on a Valuable Education plan. This program has stirred controversy since
The southeastern U.S. states recently experienced heavy rains and flash floods due to Hurricane Debby. While homeowners may have flood insurance to protect their property, many are unaware of the limitations that come with it. Flood insurance usually does not cover personal property or items stored in basements, leaving policyholders frustrated and surprised. In the
The Federal Reserve is currently facing a critical juncture where it is being scrutinized by the market for its ability to prevent a looming recession or risk repeating past mistakes. As Chair Jerome Powell and the central bank’s officials navigate through uncertain economic times, their decisions will play a crucial role in shaping investors’ confidence
Restaurant Brands International exceeded analysts’ expectations in its latest quarterly report, driven by strong sales at Tim Hortons and the company’s international restaurants. Despite the CEO, Josh Kobza, expressing disappointment in the absolute top-line results, he emphasized the company’s ability to outperform key competitors in major markets. Financial Highlights The second-quarter net income for Restaurant
Under Armour recently reported a decline in sales across its business, but the athletic apparel retailer managed to exceed expectations for its fiscal first quarter results. The company’s stock surged by 17% in early trading after beating Wall Street’s estimates on both the top and bottom lines. Despite this positive performance, Under Armour reported a
When it comes to addressing the critical issue of affordable housing, both candidates, Tim Walz and JD Vance, have shown a commitment to tackling the problem. Walz, as the Governor of Minnesota, signed housing legislation that included significant funding for various housing-related initiatives such as down payment assistance, infrastructure improvements, and workforce housing. On the
In today’s rapidly evolving technological landscape, tech companies are facing a growing need for clean energy sources to power their data centers, particularly as artificial intelligence (AI) technologies continue to advance. This has led to a shift towards directly connecting data centers to nuclear plants, which are seen as a reliable and emission-free source of
Automaker Stellantis recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts focus to a newer generation of the Ram 1500 that was introduced in 2018. The production of