Under Armour surprised analysts with their first quarter results, reporting better numbers than expected despite a drop in sales. The company’s earnings per share of 1 cent adjusted outperformed the anticipated loss of 8 cents. Revenue also exceeded predictions, reaching $1.18 billion compared to the projected $1.15 billion. This positive outcome reflected the company’s ability
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The Biden administration’s new affordable repayment plan, known as SAVE, is currently facing a multitude of legal challenges that have put the program on hold. The plan, also known as the Saving on a Valuable Education plan, was introduced by the White House with the promise of being the most affordable student loan plan ever.
Paramount Global recently announced that it will be cutting 15% of its U.S. workforce, amounting to about 2,000 jobs. This decision comes as part of a broader cost-cutting plan in preparation for the upcoming merger with Skydance Media. The company has identified a massive $500 million in cost savings, which includes the headcount reductions. The
The current economic climate is shrouded in uncertainty as investors and analysts speculate on the potential for a looming recession. The Federal Reserve, under the leadership of Chair Jerome Powell, finds itself at a crossroads, with its decisions likely to have a significant impact on how investors navigate the turbulent market conditions. The prevailing sentiment
Since the merger of Discovery with WarnerMedia in 2022, David Zaslav has faced significant challenges in convincing shareholders of the company’s potential. The shares of Warner Bros. Discovery have plummeted by about 70% since the merger closed, reflecting a lack of investor confidence in Zaslav’s leadership. Financial Struggles Zaslav’s tenure has been marked by drastic
As Hurricane Debby wreaked havoc in the southeastern U.S., residents faced the grim reality of flooding and property damage. While many homeowners may have flood insurance, there are limitations to what is covered by these policies, particularly when it comes to personal property stored in basements. Flood insurance generally does not cover damage to personal
The race to secure clean energy to power artificial intelligence is on the rise, with tech companies increasingly looking to directly connect data centers to nuclear plants. This move has sparked resistance from some utilities over concerns about its potential impact on the electric grid. Data centers, which are essential to U.S. economic competitiveness and
As the major party tickets for the upcoming election have been confirmed, voters are turning their attention to the personal finance policies championed by the candidates, which could have a direct impact on their wallets. Vice President Kamala Harris has revealed her running mate as Minnesota Gov. Tim Walz, while former President Donald Trump has
Former President Donald Trump has put forth a plan to eliminate taxes on Social Security benefits for seniors, claiming it would benefit those who are well-deserving. However, policy experts warn that this plan could have detrimental effects on the Social Security and Medicare trust funds. By repealing this tax, it could potentially increase the budget
Automaker Stellantis has recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues the production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts focus to its newer models and updates its production lines to align with consumer demands.