The landscape of media acquisitions is ever-evolving, and the latest player to throw their hat in the ring is Barry Diller’s IAC, an internet media and publishing company. Reports have surfaced that Diller is exploring the possibility of acquiring National Amusements Inc., which is the controlling shareholder of Paramount Global. This move could potentially give
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The U.S. Department of the Treasury and IRS recently announced final tax reporting rules for digital asset brokers, which are set to have a significant impact on crypto investors. These regulations will introduce mandatory yearly reporting beginning in 2026, with digital currency brokers required to cover gross proceeds from sales in the previous year. The
The issue of youth unemployment is a challenging one that continues to persist, despite the overall low unemployment rate. A significant portion of young adults are categorized as NEETs – not in employment, education, or training. These individuals are often discouraged by their economic standing, leading them to opt out of the labor force altogether.
Boeing recently announced its decision to acquire Spirit AeroSystems, a struggling fuselage maker, in an all-stock deal aimed at enhancing safety and quality control within the aerospace industry. The deal, valued at $8.3 billion, will see Boeing paying $37.25 a share in Boeing stock for Spirit, thus giving the aerospace company an equity value of
The cost of prescription medications in the United States has been steadily increasing over the past few years, with a 37% increase since 2014. This rise in prices, far exceeding the rate of inflation, is putting a financial strain on consumers. The average American now spends $16.26 out of pocket per prescription, which can add
The newly released report from Vanguard, How America Saves 2024, sheds light on the state of Americans’ 401(k) saving habits. While there is some positive news to report, there are also areas of concern that highlight the need for increased financial planning and saving efforts among Americans. Increased Savings, yet Room for Improvement One of
The U.S. auto industry has witnessed a 2.9% growth in sales in the first half of the year compared to the previous year. However, concerns are looming over whether this momentum can be sustained throughout the rest of the year. One of the key factors contributing to this uncertainty is the increasing inventory levels and
The ongoing issues with the new Free Application for Federal Student Aid have resulted in delays in financial aid award letters and have prevented many high school seniors and their families from applying for aid altogether. According to the National College Attainment Network, as of June 14, only 45% of high school graduates have completed
The NBC News Home Buyer Index recently ranked Iroquois County, Illinois as the least difficult market to buy a home in the U.S. when considering factors like cost, competition, scarcity, and economic instability. Iroquois County stood out for being the most affordable housing market, making it an attractive option for potential buyers looking for cost-effective
Forever 21, once a fast-fashion powerhouse with over 800 global locations, is now asking for a 50% rent reduction from landlords due to declining sales and fierce competition. The company’s failure to adapt to changing consumer trends and manage its inventory efficiently has led to its current predicament. Despite its financial woes, Forever 21 has