The U.S. unemployment system has been under scrutiny, especially considering the renewed fears of a U.S. recession. Experts warn that the system is not fully equipped to handle another economic downturn, pointing towards the shortcomings that were exposed during the Covid-19 pandemic. According to Michele Evermore, a senior fellow at The Century Foundation, and other
The Olympic Games and other mega events like Taylor Swift’s Eras tour have historically caused a surge in prices in industries associated with tourism, such as hotels and airline tickets. This rise in demand from the influx of visitors typically leads to an increase in consumer prices. However, according to UBS, most French consumers are
In the world of investing, particularly in the stock market, the focus is often on finding reliable dividend-paying stocks that can provide stability and consistent returns to investors, especially during times of economic uncertainty. One such stock that has caught the attention of Wall Street analysts is Pfizer (PFE), a health-care giant that has been
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
