The southeastern U.S. was hit with torrential rains and flash floods from Hurricane Debby, emphasizing the importance of flood insurance coverage for homeowners. While many may assume that flood insurance provides comprehensive coverage for all damage, it’s crucial to understand the limitations, particularly when it comes to basements. Peter Kochenburger, an insurance expert, warns that
Warner Bros. Discovery Chief Executive Officer David Zaslav finds himself in a precarious situation as he battles to regain investor confidence in the wake of the 2022 merger between Discovery and WarnerMedia. Despite significant cost-cutting measures and restructuring, Warner Bros. Discovery shares have plummeted by 70% since the merger closed, leaving shareholders skeptical about the
The Federal Reserve is facing a critical moment where it must decide how to respond to the increasing fears of an impending recession. Despite creating jobs and the stock market being near record highs, recent disappointing economic data has raised concerns that the Fed may have missed the opportunity to take preemptive action. The possibility
Restaurant Brands International has exceeded revenue expectations in its latest quarterly report, driven by impressive sales at Tim Hortons and the company’s international restaurants. CEO Josh Kobza acknowledged that while the company had hoped for even better top-line results, they have continued to outperform key competitors in major markets. The company reported earnings per share
The Biden administration’s new affordable repayment plan, known as SAVE, is facing a significant roadblock due to numerous legal challenges. The program, officially named the Saving on a Valuable Education plan, has garnered attention for its promise of being the most affordable student loan plan to date. However, the implementation of SAVE has been put
Under Armour recently reported a decline in sales across its business, but the athletic apparel retailer managed to exceed expectations in its fiscal first quarter. The company’s stock saw a significant surge in early trading, opening about 17% higher than anticipated. Despite this positive movement, Under Armour still dealt with a loss of $305.4 million
With the upcoming election less than 90 days away, Vice President Kamala Harris has chosen her running mate, Minnesota Gov. Tim Walz, while former President Donald Trump has selected Sen. JD Vance of Ohio. As the candidates unveil their personal finance policies, voters are watching closely to see how these policies will impact their wallets.
As the demand for clean energy to power artificial intelligence continues to rise, tech companies are looking to directly connect data centers to nuclear plants. This move is driven by the need for a reliable power source to support the growth of data centers, which now require a gigawatt or more of power. However, this
Former President Donald Trump recently reiterated his proposal to remove taxes on Social Security benefits for seniors. While this plan may seem appealing to many retirees, policy experts warn that it could have serious repercussions on the long-term sustainability of Social Security and Medicare trust funds. By eliminating this tax, Trump’s plan could potentially accelerate
Stellantis, the automaker behind the Ram 1500 pickup truck, is planning to indefinitely lay off up to 2,450 factory workers in the U.S. The decision comes as the company discontinues production of the older version of the Ram 1500, known as the “Classic” model. This move is expected to have significant implications for both the