WNBA Players Threaten Strike Over Contract Demands

Chicago Sky star Angel Reese and Dallas Wings player DiJonai Carrington warn WNBA of potential strike if contract demands are not met. WNBA players opted out of current CBA, set to expire in 2027, with next term starting in 2026. Despite increased ratings and attendance, WNBA has never made a profit, with the NBA subsidizing since WNBA's founding in 1996. NBA reportedly lost between $40 and $50 million supporting WNBA in 2021.

United Nations preparing for funding cuts amid financial challenges

United Nations is preparing for U.S. funding cuts, as Department of Government Efficiency works to root out waste. Secretary-General issues directive to manage cashflow conservatively and suspend hiring, causing concern among insiders.

Gene Hackman's Life and Career

Gene Hackman, the Oscar-winning actor, retired over 20 years ago due to health concerns for his family. He and his wife were found dead in their home in Santa Fe, New Mexico, under suspicious circumstances. Hackman had a successful career, faced financial challenges, and eventually retired from acting, focusing on other interests like writing novels.

The Uncertain Future of Cable TV News

Top cable news executives are facing uncertainty as the future of TV news is questioned. CNN, MSNBC, and Fox News may see ownership changes. Cable news channels are adapting to the rise of streaming platforms and changing consumer habits. Financial challenges, job cuts, and talent contract renegotiations are common. The industry is pivoting towards digital content and streaming services to secure its future.

CNN Layoffs Due to Financial Challenges

CNN is reportedly set to lay off 'hundreds' of employees as part of restructuring efforts due to drop in revenue, while top names are unaffected. The network is facing financial challenges and declining reputation, with predictions of bankruptcy without cable TV fees. Critics argue CNN relies on affirmative action to stay afloat.

Macy's Store Closures and Financial Challenges

Macy's plans to close 150 locations by 2028, with 65 stores closing by the end of 2024, aiming to become more profitable and reduce the total number of stores from 1,100 in 2008 to 350. Sales dropped by 2.4% in Q3, and an employee hid up to $154 million in expenses. Shares dropped by 12% after the earnings call.

Challenges at The Washington Post

The Washington Post, once considered a top journalism gig, is facing challenges with declining readership, financial losses, and potential layoffs. New management under Amazon founder Jeff Bezos is trying to improve the situation by implementing financial and personal discipline measures, including a return-to-office policy that has upset many reporters.

Financial Troubles at Big Lots

Discount home goods retailer Big Lots is facing bankruptcy after years of falling sales and store closures, with stock plummeting and ongoing financial challenges.

Newsmax's IPO Bid Amid Defamation Lawsuits

Newsmax is facing defamation lawsuits and financial losses, so they are attempting to raise $225 million through an IPO to stay afloat. The network has not been profitable since 2021 and is promoting the offering aggressively to potential investors.

Financial Challenges of the WNBA Despite Increased Fanbase

The WNBA is reportedly still on track to lose $50 million despite an increase in fans due to new star Caitlin Clark. The league has never turned a profit and relies on financial support from the NBA. The 2024 season is projected to be a bigger financial loss, but there is potential for a significant windfall from broadcast rights.

Fisker Layoffs and Financial Challenges

Electric vehicle startup Fisker lays off hundreds of employees as it faces financial challenges and seeks funding, buyout, or bankruptcy. The company's founder, Henrik Fisker, revealed the layoffs during an all-hands meeting, citing pressure from a large investor. Despite the layoffs, Fisker aims to continue selling its Ocean SUV and potentially re-hire laid-off workers in the future.

Closure of London's Evening Standard Daily Print Edition

London's Evening Standard newspaper, facing unsustainable losses, plans to shut down its daily print edition and shift to a weekly publication due to financial challenges and changing consumer habits. The move will result in job losses and a change in focus to in-depth analysis and lifestyle content. The newspaper, which has a long history and political connections, has struggled to maintain profitability in the digital age.

Broadway dynamics today

Boris Kachka discusses the dynamics of Broadway today, highlighting the high production budgets, variety of shows, and looming financial challenges in his piece 'We've Hit Peak Theater.'

Disney's Financial Challenges and Strategy Shift

Disney's stock plunges over 9% as CEO Bob Iger warns of tough times ahead, particularly in streaming services. The company plans to reduce the number of Marvel movies released per year and focus on streaming for future growth. Disney faces criticism for LGBTQ content and has experienced a significant drop in favorability ratings.

Change in Leadership at Paramount Amid Merger and Financial Challenges

Bob Bakish steps down as CEO of Paramount amid merger with Skydance and struggling streaming platform. He will be replaced by an office of the CEO headed by three executives. Shareholders oppose merger with Skydance. Skydance sweetens proposal to acquire Paramount. Paramount faces financial challenges with debt rating downgrade to 'junk' and losses in streaming.

U.S. Postal Service Proposes Stamp Price Increase

The U.S. Postal Service plans to raise the price of a Forever postage stamp to 73 cents from the current 68 cents in July, making it the sixth price hike since January 2021. Despite the increases, U.S. stamp prices remain lower compared to many other developed countries, and the USPS is taking steps to address its financial challenges.

Financial Struggles of American Parents

Many American parents are struggling with the increasing everyday expenses that make it difficult to save for their children's future, especially due to inflation. The temporary expansion of the child tax credit during the pandemic provided significant financial help to families, but as it expired, economic pressures have risen again. There is a call for policymakers to address these challenges and provide meaningful support for families.

Debate Over Social Security and Medicare Cuts by Former President Donald Trump

President Joe Biden accused former President Donald Trump of wanting to cut Social Security and Medicare, while Trump's campaign clarified that he was referring to cutting waste and fraud in the programs, not benefits. Both Trump and Biden have made statements about their plans for Social Security and Medicare, with Trump emphasizing combating waste, fraud, and abuse, and Biden promising not to cut benefits.

Financial Challenges Faced by Young Adults and Parental Financial Support

Many young adults face financial challenges such as lower wages and larger student loan balances compared to their parents. Parents are increasingly providing financial support to their adult children, with nearly half offering assistance averaging $1,384 a month. However, supporting grown children can strain parents' own retirement security.

Generational Transfer of Wealth to Millennials

Millennials are set to inherit $90tn in property assets over the next 20 years, making them the richest generation in history, according to a study by Knight Frank. Despite facing economic challenges, they are expected to see a significant increase in wealth and are focused on sustainable investments.

Financial Challenges Facing Paramount Global

Paramount Global, the Hollywood giant that owns CBS, Paramount Pictures, Comedy Central, BET, and other media properties, is facing financial challenges due to the shift towards streaming services and the decline of traditional TV. The company's cash flow concerns led to a negative credit rating from S&P Global. Layoffs and acquisition rumors add to the turmoil in the industry.

Challenges Facing Warner Bros. Discovery

Warner Bros. Discovery, the parent company of CNN, Warner Bros., and HBO, is facing financial challenges due to weak TV advertising. The company's stock plunged as TV advertising revenue dropped by 14 percent, reflecting the struggles of CNN and other cable channels. Despite efforts to boost ratings and profitability through streaming services, the company is dealing with layoffs and content purges, leading to mixed reactions from fans.