Paramount Global recently announced plans to cut 15% of its U.S. workforce, amounting to approximately 2,000 jobs. This decision is part of a larger cost-cutting strategy in preparation for its upcoming merger with Skydance Media. The company has identified $500 million in cost savings, including the reduction in headcount, as part of a $2 billion
The Biden administration’s new affordable repayment plan, known as SAVE, may be on hold for months, or even longer, due to a series of legal challenges. The White House has reported that approximately 8 million individuals are currently enrolled in SAVE, also known as the Saving on a Valuable Education plan. Despite being described as
Residents in the southeastern United States recently experienced heavy rainfall and flash floods from Hurricane Debby, underscoring the importance of adequate flood insurance coverage. While many homeowners may have flood insurance to protect their property from such events, they may be surprised to learn that most policies do not cover damage to personal property and
Warner Bros. Discovery Chief Executive Officer David Zaslav has been facing an uphill battle since the 2022 merger of Discovery with WarnerMedia. Shareholders have been skeptical of the company’s performance under his leadership, with Warner Bros. Discovery shares plummeting approximately 70% since the merger closed. Zaslav’s efforts to cut costs by implementing thousands of layoffs,
Restaurant Brands International reported quarterly revenue that surpassed analysts’ expectations, driven by the impressive sales numbers from Tim Hortons and the company’s international restaurants. CEO Josh Kobza acknowledged that while the absolute top-line results were not as high as expected, the company continued to outperform key competitors in its largest markets. This signifies a strong
The Federal Reserve is currently facing scrutiny from the market as investors are closely watching to see how Chair Jerome Powell and his colleagues respond to the looming threat of a potential recession. Recent economic data has sparked fears of an economic downturn, with Wall Street investors expressing concerns that the Fed may be waiting
With the 2024 election season in full swing, all eyes are on the candidates as they unveil their personal finance policies that could have a direct impact on the wallets of American voters. Vice President Kamala Harris recently announced her running mate, Minnesota Gov. Tim Walz, while former President Donald Trump selected Sen. JD Vance
In today’s digital era, data centers have become a crucial component of the infrastructure that supports the Internet and various technological advancements. However, as data centers continue to expand and require increasing amounts of power, the search for clean and sustainable energy sources has become more imperative. Tech companies are now looking to connect data
Former President Donald Trump has reiterated his plan to eliminate taxes on Social Security benefits for seniors, a move that has sparked controversy among policy experts. While Trump claims this measure will benefit retirees, critics argue that it could have negative consequences for Social Security and Medicare trust funds. Policy experts warn that Trump’s plan
The recent announcement by automaker Stellantis to indefinitely lay off up to 2,450 U.S. factory workers has raised concerns among local governments, workers, and the United Auto Workers union. The decision comes as Stellantis discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This move will have a significant impact