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Tag: cut

Why mortgage rates are going up despite the Fed’s rate cut

Claman Countdown panelists Jeff Sica and Dutch Masters predict Fed Chairman Jerome Powell's next move. Americans watched mortgage rates soar during the Federal Reserve's aggressive anti-inflation policies, after the central bank finally cut the federal funds rate for the first time in four years last month. , many people have come to expect interest rate […]

Knicks cut Landry Shamet ahead of deadline as uncertain rehab looms

The Knicks waived guard Landry Shamet ahead of Saturday's 5 p.m. deadline, the team announced. This means they have decided not to guarantee his contract while he awaits rehabilitation from a dislocated right shoulder. Shamet, who was injured in Tuesday's preseason game against the Hornets, was in camp on a non-guaranteed Exhibition 9 contract. Because […]

Harvard donations drop; alums cut ties over anti-Israel protests

(news nation) — Harvard University, the nation's oldest and wealthiest university, saw its endowment drop 15 percent as wealthy alumni expressed anger over the university's handling of anti-Semitism on campus. Endowments to Harvard University fell to $1.17 billion in fiscal year 2024 from $1.38 billion in the same period last year, the new figure showed. […]

Harvard admits donations dropped 15% as outraged alumni cut ties

Harvard University has warned that donations to its endowment are plummeting as alumni outraged over its weak response to anti-Semitism on campus have severed ties with the university. Cash gifts to Ivy League schools fell about 15% to less than $1.2 billion during the fiscal year that ended June 30, according to one study. Harvard […]

Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector

Boeing rival Airbus on Wednesday announced The company plans to take steps to cut 2,500 jobs in its defense and space division by mid-2026. Airbus said in a press release that the job cuts are part of a plan to streamline the division's organizational structure, with a particular focus on headquarters functions and greater accountability […]

Jake Tapper, Wolf Blitzer denied CNN raises, Chris Wallace faces pay cut: report

CNN's Jake Tapper and Wolf Blitzer will be denied raises and Chris Wallace will likely take a pay cut, but reports say rank-and-file journalists at the network are preparing for the 'inevitable' layoffs. The book reported. Mark Thompson — the former BBC and New York Times boss brought in by Warner Bros. Discovery boss David […]

Harris Claim Trump Will Cut Social Security Is False

CNN's Daniel Dale said Wednesday on “The Newsroom” that Democratic presidential candidate Vice President Kamala Harris' claim that former President Donald Trump would cut Social Security in his second term is false. Dale said: “She has argued at a number of events going back to July that Social Security should be cut under the next […]