Category Archives: 24/7 Newsroom News

Rozier and Billups Will Not Receive NBA Salaries While on Leave in Gambling Cases

Rozier and Billups Will Not Receive NBA Salaries While on Leave in Gambling Cases

Miami Heat guard Terry Rozier will not receive his salary while on leave due to his arrest on federal gambling charges. Nor will Portland Trail Blazers coach Chauncey Billups, who has also been placed on leave by the league after his arrest on gambling-related charges last week. That’s according to two people with knowledge of…MORE

Federal Reserve Cuts Key Rate Yet Powell Says Future Reductions Are Not Locked In

Federal Reserve Cuts Key Rate Yet Powell Says Future Reductions Are Not Locked In

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2%…MORE

Paramount to Lay Off 2,000 Employees Shortly After Its Merger With SkyDance

Paramount to Lay Off 2,000 Employees Shortly After Its Merger With SkyDance

AP Business Writer (AP) — In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity because they…MORE