The current state of the U.S. unemployment benefit system is worrisome, with experts expressing concerns about its ability to withstand another economic downturn. The system, which provides temporary income support to laid-off workers, faced significant challenges during the Covid-19 pandemic, revealing cracks that had been present for years. These challenges include massive technology failures, administrative
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One of the top dividend stocks recommended by Wall Street analysts is Pfizer (PFE). The healthcare giant has been delivering impressive results, driven by its cost-cutting efforts and sales of non-Covid products. Pfizer’s increased full-year guidance reflects the strong demand for its diversified product portfolio. With a dividend yield of 5.9%, Pfizer has returned $4.8
As the Olympic Games take place in Paris, one would expect to see a surge in prices across various sectors, including hospitality, transportation, and other goods and services. Mega events like the Olympics tend to drive up demand for hotel rooms, airline tickets, and other amenities, resulting in an overall increase in consumer spending. However,
Living in states prone to hurricanes can be challenging, especially when it comes to the threat of flooding. Hurricane Debby recently wreaked havoc in the southeastern U.S., leaving homeowners scrambling to deal with the aftermath of heavy rains and flash floods. While many homeowners may have purchased flood insurance to protect their properties, there is
Paramount Global recently announced that it will be cutting 15% of its workforce in the U.S., amounting to approximately 2,000 jobs. This decision is part of a more extensive cost-cutting plan in anticipation of its upcoming merger with Skydance Media. The company has identified $500 million in cost savings, which includes the reduction in the
Under Armour recently announced a decline in sales, but surprisingly, the athletic apparel retailer managed to exceed Wall Street’s expectations for its fiscal first quarter results. This feat caused the company’s stock to surge significantly in early trading. The company reported earnings per share of 1 cent adjusted versus an expected loss of 8 cents
Warner Bros. Discovery Chief Executive Officer David Zaslav is facing a tough time trying to convince shareholders that his company is a worthy investment. Since the merger of Discovery with WarnerMedia in 2022, the company’s shares have plummeted by about 70%. This plunge followed Zaslav’s immediate cost-cutting measures which included implementing thousands of layoffs, reducing
In the recent quarterly report, Restaurant Brands International managed to surpass analysts’ expectations in terms of revenue, driven by strong sales at Tim Hortons and the company’s international restaurants. However, the company fell slightly short of the anticipated earnings per share, with 86 cents adjusted compared to the expected 87 cents. Despite this, the overall
The Federal Reserve is currently facing a critical juncture, with investors closely watching their next moves. The market is divided, with some believing that the Fed is on the cusp of preventing a recession, while others fear a repeat of past mistakes. How Chair Jerome Powell and the central bank react to the current economic
The Biden administration’s latest student loan repayment plan, known as SAVE, has faced a multitude of legal challenges that have put the program on hold indefinitely. The White House revealed that approximately 8 million individuals are currently enrolled in the Saving on a Valuable Education plan. Despite being hailed as the most affordable student loan