Warner Bros. Discovery Friday detailed its charges for the second quarter that included a combined $825 million hit on the content side, including $496 million for content impairment and $329 million for content development write-downs, […]
'Without these, my heart will stop': Inflation sends health costs soaring
(CNN)Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was considerably higher than economists’ forecasts, after May’s revised total of $23.8 billion. Americans’ borrowing grew by […]
U.S. Consumer Sentiment Rebounds Slightly More Than Initially Estimated
The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. rebounded by slightly more than initially estimated in the month of July. The report showed the consumer sentiment index for […]
U.S. Economy Added 528,000 Jobs In July; Unemployment Falls To 3.5%
The U.S. economy added 528,000 jobs in July, an unexpectedly robust figure that nevertheless has triggered concerns over ongoing inflation. The unemployment rate dropped to 3.5%. The job growth was “widespread,” according to the Bureau […]
Why Verizon Is America’s Best Stock
The stock market’s bumpy ride continues. Days when inflation appears to be at bay, or when a large company posts strong earnings, the entire market can rise. Days when fears of inflation or recession hit, […]
Recession is likely coming. How bad will it be?
New York (CNN)The selloff in the oil market gathered momentum Thursday on growing concerns about weakening demand for gasoline. US oil dropped 2.3% to $88.54 a barrel, the weakest settle since February 2. Brent crude, […]
Warner Bros. Discovery Posts DTC Subscribers Of 92M In First Quarterly Report Since Merger; $2B Net Loss Includes Hefty Restructuring Charge
Newly minted Warner Bros. Discovery posted hefty losses and $9.8 billion in revenue at its landmark first earnings report since Warner Media and Discovery formally tied the knot. That April 8 deal marks a major […]
CNN Originals Hub To Launch On Discovery+
CNN and Warner Bros. Discovery are launching a dedicated CNN Originals hub on Discovery+ domestically starting August 19. The curated selection of library CNN content will feature over 800 hours of premium current and legacy […]
Covid-Negative Biden Recommends Paxlovid
President Joe Biden, who tested negative within a week of getting infected with the coronavirus, has called on Americans to follow Paxlovid for the most effective treatment of the viral disease. Delivering remarks after returning […]
Walmart Lays Off About 200 Corporate Employees
Retail giant Walmart Inc. is laying off about 200 corporate employees following its recent profit warning amid rising costs and weak demand, reports said citing an email. Bloomberg reported that the cuts include staffers in […]