US colleges are cutting majors and slashing programs after years of putting it off
When Christina Westman began her studies at St. Cloud State University, she dreamed of working as a music therapist with people with Parkinson’s disease and stroke. But her academic career changed drastically in May when Minnesota university administrators announced plans to eliminate the music department and cut 42 degree programs and 50 minors. The move […]
Paramount slashing thousands of jobs, writes down value of cable networks by $6B
Paramount Global on Thursday said it would write down the value of its cable-networks business by about $6 billion and cut 15% of its workforce, even as its streaming business reported its first quarterly profit. Paramount shares rose more than 5% in after-hours trading. The impairment reflects declining viewership for cable networks such as Nickelodeon, […]
Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake
OMAHA, Neb. (AP) — Billionaire Warren Buffett has pared back Berkshire Hathaway’s large holdings of Apple stock, a move that could send shivers down the stock market as a whole, not only because Buffett is highly respected but also because there has been little positive financial news recently. Just two years ago, Buffett called Apple […]
Mortgage rates drop to new low as Fed grows closer to slashing interest rates: Freddie Mac
Mortgage rates fell again this week to their lowest levels since February, according to Freddie Mac. (iStock) Mortgage rates fell again this week to their lowest since February on expectations that the Federal Reserve will cut rates by 25 basis points in September, according to Freddie Mac. According to Freddie Mac’s latest report, the average […]