Ever since the merger of Discovery with WarnerMedia in 2022, David Zaslav, the Chief Executive Officer of Warner Bros. Discovery, has been under immense pressure to turn the company’s fortunes around. The immediate cost-cutting measures implemented after the merger did not sit well with shareholders, and the company’s shares have plummeted by 70% since the
As Hurricane Debby made its way through the southeastern U.S., heavy rains and flash floods wreaked havoc in various states. With the storm now downgraded to a post-tropical system, the Mid-Atlantic and Northeast regions are at risk of being inundated as it moves up the coastline. Homeowners who anticipate such natural disasters may have taken
Restaurant Brands International recently reported quarterly revenue that exceeded analysts’ expectations, driven by strong sales at Tim Hortons and the company’s international restaurants. CEO Josh Kobza acknowledged that while they were aiming for better top-line results, they were pleased with their performance compared to competitors in major markets. As a result, shares of Restaurant Brands
Paramount Global recently announced a significant cost-cutting measure, with a plan to cut 15% of its U.S. workforce, affecting around 2,000 jobs. This move is part of a broader strategy as the company prepares for a merger with Skydance Media. Paramount aims to achieve $500 million in cost savings as part of $2 billion in
Under Armour recently announced its fiscal first-quarter results, which surpassed Wall Street expectations. Despite a decline in overall sales, the company’s earnings per share and revenue numbers were higher than anticipated. These positive results led to a 17% increase in the company’s stock price at the opening of trading. During the first fiscal quarter, Under
As the presidential election approaches, voters are closely scrutinizing the personal finance policies of the candidates and their running mates. The recent announcements of Vice President Kamala Harris’s running mate, Minnesota Gov. Tim Walz, and former President Donald Trump’s choice, Sen. JD Vance of Ohio, have shed light on the economic agendas of both parties.
In the technology industry, the need for clean energy to power data centers is becoming increasingly important as companies race to develop artificial intelligence. Data centers now require massive amounts of power, sometimes reaching gigawatt levels, which is comparable to the capacity of a nuclear reactor in the U.S. As the U.S. competes with countries
President Donald Trump has once again proposed the elimination of taxes on Social Security benefits for seniors. This proposal has caused a stir among policy experts who warn about the negative implications it could have on the Social Security and Medicare trust funds. During a recent interview on “Fox & Friends” and a press conference
Automaker Stellantis recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers due to the discontinuation of an older version of its Ram 1500 pickup truck in Michigan. The Ram 1500 Classic has been a staple for entry-level buyers and fleet customers, but its production will be coming to an end later
Frustrated with the inconsistencies in bounce and durability of pickleballs on the market, Life Time’s founder and CEO Bahram Akradi decided to create a solution. This decision led to the development of what is being hailed as “the ultimate pickleball” by the upscale fitness and lifestyle company. This move showcases Akradi’s dedication to improving the