Mega events like the Olympic Games and major concerts can lead to a surge in prices for various goods and services, including hotel rooms and airline tickets. This increase in demand can create a distortion in the measurement of consumer price changes, according to Paul Donovan, chief economist at UBS Global Wealth Management. This sudden
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The first dividend stock recommended by Wall Street analysts is Pfizer. The company has recently announced better-than-expected second-quarter results, highlighting its cost-cutting initiatives and strong sales of non-Covid products. Pfizer raised its full-year guidance, displaying strong demand for its non-Covid business, which has benefited from acquired drugs and recently launched products. In the first six
In recent times, the word “value” has been a recurring theme in the discussions of restaurant CEOs as they address their investors. This emphasis on providing value to customers has been driven by the challenging economic environment and changing consumer behavior. Many restaurant chains are facing declining sales and foot traffic, leading them to prioritize
The recent resurgence of concerns about a possible U.S. recession has brought attention to the fragility of the unemployment insurance system. Experts warn that the system, which supports workers in times of job loss, is not adequately equipped to handle another economic downturn similar to what was experienced during the Covid-19 pandemic. According to Michele
The Biden administration’s SAVE plan, which aimed to provide affordable repayment options for student loan borrowers, is currently facing significant delays due to a series of legal challenges. The program, officially known as the Saving on a Valuable Education plan, has been put on hold indefinitely while the White House navigates these legal hurdles. With
Since the merger of Discovery with WarnerMedia in 2022, David Zaslav, the Chief Executive Officer of Warner Bros. Discovery, has been facing numerous challenges. The company’s shares have plummeted by about 70% since the merger closed in April 2022. Zaslav’s leadership has been characterized by significant cost-cutting measures, including massive layoffs, cancellation of movies and
Paramount Global has recently announced plans to reduce its U.S. workforce by 15%, equating to approximately 2,000 jobs being cut. This move is part of a broader cost-cutting strategy in preparation for its impending merger with Skydance Media. Paramount has identified $500 million in cost savings, which includes the job cuts, as part of a
Under Armour recently announced its fiscal first quarter results, which exceeded Wall Street’s expectations. Despite a decline in sales, the athletic apparel retailer posted better-than-feared earnings per share and revenue figures. The company reported earnings of 1 cent per share, adjusted, compared to the 8 cents per share loss that was expected. Additionally, Under Armour’s