Paramount Global is laying off 3.5% of its U.S.-based workforce—several hundred employees—as it continues to grapple with economic challenges and the steady decline of traditional pay-TV services. The move is part of the company’s strategy to adapt to ongoing shifts in the media industry and respond to broader macroeconomic pressures. Employees were officially informed of…
Author: Riley Sullivan
Riley Sullivan explores the stories behind the headlines — how they reflect who we are, and who we’re becoming. With a background in sociology and journalism, Riley writes about cultural shifts, identity, generational change, and the digital landscapes that shape modern life.
Apple Enters WWDC 2025 Underwhelmed and Under Pressure From AI Rivals and Regulators
Apple’s Worldwide Developers Conference (WWDC), typically a major showcase of innovation, is kicking off amid an atmosphere of low expectations. In past years, the company used the event to introduce significant new products like the Vision Pro headset and its AI initiative, Apple Intelligence. However, this year’s preview indicates no major breakthroughs, leaving both fans…
Palantir CEO Warns AI Could Wipe Out Entry-Level Jobs Without Industry Accountability
Palantir CEO Alex Karp highlighted the dual nature of artificial intelligence’s influence on the workforce during a CNBC interview. While AI has the potential to add value and increase productivity if managed correctly, Karp warned that failing to proactively address its effects could lead to severe societal disruptions. He emphasized that the technology’s benefits aren’t…
Legal System Faces Growing Threat as AI Misinformation Enters UK Courtrooms
A growing concern has emerged in the UK legal system over the misuse of artificial intelligence by legal professionals. High Court Justice Victoria Sharp revealed that lawyers have cited fictitious cases in court proceedings, generated by AI tools. She warned that such negligence poses a serious threat to the administration of justice and may lead…
Treasury Yields Jump as Strong May Jobs Report Reinforces Fed’s Steady Rate Outlook
U.S. Treasury yields experienced a sharp increase on Friday, driven by stronger-than-expected employment data. The 10-year Treasury yield rose by over 11 basis points to reach 4.506%, while the 2-year yield climbed similarly to 4.041%. The 30-year bond yield also advanced more than 8 basis points, settling at 4.966%. These movements suggest that investors are…
Circle’s Soaring NYSE Debut Ignites Stablecoin Surge as Big Banks Plot Digital Currency Moves
The stablecoin market witnessed a landmark moment as Circle Internet Group, the issuer behind the USD Coin (USDC), made a powerful debut on the New York Stock Exchange. CEO Jeremy Allaire rang the opening bell with enthusiasm, marking a historic day for crypto adoption. Circle’s shares skyrocketed after listing at $31, closing Thursday at $83—a…
Fed’s Beige Book Signals Slowing U.S. Economy as Tariffs Drive Caution, Weigh on Hiring and Prices
The U.S. economy has shown signs of contraction over the past six weeks, as detailed in the Federal Reserve’s latest Beige Book report. Economic activity declined slightly since late April, with widespread caution among consumers and businesses. This hesitancy is largely driven by concerns about tariff-related price increases and broader economic and policy uncertainty across…
Staffing Shortages and Hiring Freeze Undermine Confidence in U.S. Inflation Data Accuracy
The Bureau of Labor Statistics (BLS), the agency responsible for producing key U.S. economic indicators, has reduced its data collection efforts due to staffing shortages. These shortages stem from a federal hiring freeze implemented by President Trump on January 20, upon his return to office. As a result, starting in April, the BLS scaled back…
Earnings Beat and Raised Forecast Push Dollar General Shares Up as Wealthier Shoppers Boost Sales
Dollar General’s shares surged over 10% after the company reported better-than-expected earnings and raised its financial outlook. For the fiscal first quarter, the company posted earnings per share of $1.78, beating the $1.48 expected by analysts, and revenue of $10.44 billion, surpassing the $10.31 billion forecast. As a result, the retailer now anticipates net sales…
Jamie Dimon Warns U.S. Debt Crisis Could Hit Within Six Years Without Pro-Growth Fiscal Reform
In a recent interview on FOX Business Network, JPMorgan Chase CEO Jamie Dimon expressed serious concerns about the escalating U.S. national debt and persistent budget deficits. Speaking with Maria Bartiromo, Dimon warned that the ballooning debt, currently over $36 trillion, could eventually destabilize the bond market. While he didn’t specify when this might occur, he…