List Of Hollywood & Media Layoffs From Paramount To Warner Bros Discovery To CNN & More
The unfortunate trend can still be felt following the COVID-19 pandemic, dual Hollywood strikes and — the latest event to hit Los Angeles hard: a series of wildfires that broke out in January. As the entertainment industry still recovers from several compounding factors, Deadline aims to keep track of changes.
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They are listed chronologically from newest to oldest below.
Warner Bros.
The Warner Bros Motion Picture Group will undergo cuts to 10% of its workforce. The news follows the splitting of leadership between Warner Bros and Discovery Global that arrived Monday, July 28.
Blumhouse
Blumhouse laid off six staffers in the film, television and casting divisions mid-July.
Microsoft
At the beginning of July, Microsoft announced layoffs of about 9,000 workers, or around 4% of its workforce.
'We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,' the tech giant said in a statement.
The tech company also trimmed 6,000 employees in May.
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BET
Towards the end of June, BET CEO Scott Mills told his employees that the company's ranks would be thinned as a result of Paramount Global's domestic workforce cut earlier in the month.
Paramount
June 10 brought the news that Paramount will cut another 3.5% of its domestic workforce, citing linear TV declines.
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'As we navigate the continued industry-wide linear declines and dynamic macro-economic environment, while prioritizing investments in our growing streaming business, we are taking the hard, but necessary steps to further streamline our organization starting this week,' the execs wrote.
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This latest round came after the company shed 15% of its workforce last year.
Warner Bros. Discovery
Almost a year after its most recent round of layoffs, Warner Bros. Discovery has initiated another round of cuts that will affect the cable side of its business.
Disney
Several hundred employees at the Walt Disney Company went underway June 2, as Deadline reported exclusively. Staffers across divisions of Disney Entertainment like marketing for both TV and film as well as TV publicity, casting and development. Disney's corproate financial operations are also affected.
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Business Insider
In the last week of May, Business Insider's CEO Barbara Peng announced that the outlet would undergo layoffs in a third major round in as many years, reducing the size of the work force and affecting 21%, touching every department. The memo was widely reported by outlets like SF Gate, Variety and more.
Critical Content Furloughs Staff
Critical Content, the production company behind Netflix's Ginny & Georgia as well as Sylvester Stallon's Sly documentary, has furloughed a number of its television staff with some employees behing out of work since the end of March. One source reported that the company offers a few paid hours to 'keep up appearances.'
Universal International Studios
Universal International Studios were hit with layoffs in the London HQ, Australia hubs and Los Angeles hubs. Deadline was told that the headcount was in the single digit range.
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Kelsey Balance and Rob Howard were recently promoted at UIS while global scripted SVP Tesha Crawford departed her role. UIS still hopes to replace Crawford in light of the layoffs. Laura Burrows, ex-VP of Production, also departed, and will also be replaced.
Polygon Sale
Vox Media sold Polygon, the video game website, which resulted in mass layoffs. The Writer's Guild East responded to the development.
LA Times
Fourteen members of the Los Angeles Times were reported to receive layoff notices in the latest round at the publication, according to the L.A. Times Guild.
'This is the third round of layoffs in as many years, and it will leave the Los Angeles Times ever more decimated,' the Guild said in a statement. 'Today's announcement of cuts represent 6% of our newsroom staff.'
NBCUniversal
NBCUniversal has decided to form a spinoff of a new standalone company, SpinCo, that will house cable networks like E!, Syfy, oxygen and USA Network. The Comcast-owned company is also restructuring. Layoffs were first initiated at the end of April in the wake of these moves.
The unscripted teams were hit the hardest with at least two SVPs on the reality side impacted as well as a number working across NBC, Peacock and Bravo, Deadline exclusively reported. Stephanie Steele, SVP Unscripted Current Production, and Jenny Ramirez, SVP Unscripted Formats, were among those let go April 30.
Mattel
The major toymaker of Barbie, Hot Wheels and more will lay off 120 workers as of mid-March 2025.
ABC/Disney
The Walt Disney Company underwent a round of layoffs Wednesday, March 5, that will impact nearly 200 employees, or 6 % of the workforce in the ABC News Group and the company's entertainment networks.
ABC News underwent a restructuring as a result of the layoffs.
Lionsgate Television
Lionsgate Television also opted for belt-tightening that affected 6 % of its workforce, about 80 employees, following unscripted cuts equating to 5% of the staff in November 2024.
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CNN
CNN cut around 200 jobs in January 2025.
Allen Media Group
Two Dozen Allen Media Group television stations across the country faced elimination, reassignment or replacement of meteorologists in January.
Meta
The Facebook parent company Meta warned of layoffs of 5 % of its employees across platforms in January.
The Washington Post
In one of the first waves of job cuts to hit the Fourth Estate, The Washington Post faced a round of layoffs that impacted 4% of its total staff.
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2024
After the COVID-19 pandemic, two strikes in Hollywood and with the impact of streaming and the advent of A.I, the media landscape has continued to shift and consolidate, as Warner Bros. Discovery CEO David Zaslav predicted at the 2024 Allen & Co. Sun Valley Retreat.
Zaslav knows whereof he speaks, with his own company undergoing successive waves of post-merger layoffs over the past two years, the most recent coming in May of this year when the company closed its TV and streaming service Newshub in New Zealand. More than 300 jobs were lost.
Paramount likewise targeted a 3% reduction in its global headcount early in 2024, with additional synergies likely if the Skydance deal closes.
The Fourth Estate has been hit hard. Politico's estimate counts over 500 journalist layoffs this year alone. That largely began in January with the Los Angeles Times cutting more than 20% of its newsroom. Shortly after that, Time underwent layoffs as well, cutting 15% of its newsroom, according to CNN.
Nexstar
Nexstar Media Group Inc. began belt-tightening measures in December 2024 to cut 2 % of its workforce. The reductions are centered on the company's local station portfolio, which is the largest in the U.S. The 2% equates to about 260 employees.
TelevisaUnivision
Another traditional media company affected by cord-cutting, will lay off several hundred workers in a restructuring move.
NowThis
According to a statement from the WGA East, '13 of the 21 remaining NowThis WGAE members were laid off immediately upon receipt of an email notice. The layoffs eliminated 3 of 4 members of the publishing team, 3 of 4 video editors, 3 of 7 Producers and Senior Producers, the sole Senior Motion Graphics Designer, the sole Senior Writer, the sole Senior Insights Analyst, and the sole Audience Strategist. The barebones group of remaining salaried workers at NowThis will now be forced to meet tight deadlines and increasing pressure without proper teams to support them.'
Lionsgate
Lionsgate Alternative Television's unscripted TV arm underwent layoffs Nov. 20 at eOne's U.S. label.
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The Associated Press
The Associated Press announced plans to offer buyouts Nov. 18, impacting about 8% of its workforce, the latest mainstream news organization to grapple with cost cutting.
The CW
The CW began undergoing layoffs Nov. 12. As. many as 35 people were affected, and scripted PR was hit the hardest.
CAA
CAA began reducing staff by an anticipated 20-30 people in early November after beginning the evaluations and reviews that would dictate who gets let go.
SK Global
The independent studio behind Anyone But You and Crazy Rich Asians went through layoffs in November with less than 20 employees affected by the cuts.
UTA
The agency began cutting employees in its talent department, production group, unscripted division and endorsements and licensing.
ABC News
ABC News went through a round of layoffs early in October 2024, which affected 75 employees across ABC-owned stations. The job reductions are split evenly between the two divisions, according to a person familiar with the situation.
Disney
Disney went through another wave of layoffs that affected around 300 people across corporate, legal, finance, communications and HR. Parks, ESPN and Disney Entertainment Television are safe for now. This followed a round of layoffs at the end of July.
ABC Signature has been folded into 20th Television under President Karey Burke with ABC and Hulu Originals scripted drama and comedy teams merging under ABC/Freeform EVP Simran Sethi, who is know President of Scripted Programming for Hulu Originals and ABC Entertainment.
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Tracy Underwood stepped down as President of ABC Signature and took an overall producing deal with Disney Television Studios. SVP Erin Wehrenberg, ABC's Head of Comedy, also stepped down.
The layoffs at Disney Entertainment Television affected 140 people, around 2% of the workforce. National Geographic was the hardest hit with abut 60 people let go, making up 13% of its staff.
Animation studio Pixar reduced 14% of its staff, around 175 employees affected, in May.
Paramount Global
Co-CEO of Paramount Global Chris McCarthy confirmed a second round of layoffs heading for 15% of the entertainment company's States-side staff. The cuts were made to Paramount Television Studios as the production company was shuttered all together in August.
In September, veteran Tina Koyanagi-Rosener and eight of her colleagues who worked on content strategy were laid off as part of the forecast 15 % cut.
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The studio downsized in February with the departure of several key executives who left. The move impacted over 800 employees.
A+E Networks
A+E Networks underwent layoffs in August with cuts to the Lifetime and the History Channel's programming teams. SVP of Unscripted Development and Programming at Lifetime Amy Savitsky as well as VPs Kim Chessler and Cat Rodriguez were affected as well as A&E's Peter Tarshis and Zach Behr, VP of Unscripted Programming for History.
Merit Street Media
Dr. Phil McGraw's news and entertainment network Merit Street media laid off nearly a third of its employees at the beginning of August. The company was partnered with Christian-based Trinity Broadcasting for distribution.
Hearst's Very Local Streaming Service
Hearst Television let go dozens of employees in early August, Deadline exclusively reported.
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Fox Entertainment
Fox Media has undergone staff reductions, cutting 30 employees in July.
The layoffs involve employees across all three divisions, the first two headed by Michael Thorn (network) and Fernando Szew (studios). The search for a new head of worldwide content sales is ongoing, with Tony Vassiliadis leading the team in the interim.
Lifted Entertainment
TheITV Studios-owned production company, which produces Love Island had 15 to 20 roles come under scrutiny. The number represents around 10% of the circa-160-staff Lifted Entertainment operation.
Warner Bros. Discovery
The company has begun another round of layoffs across production, business affairs and finance. This comes a year after a round of layoffs that led to the departure of a number of network executives in its cable business.
Entertainment Tonight
As reported by TheWrap, Entertainment Tonight revealed a round of layoffs that would impact the news desk in TV and editorial departments. The layoffs will take place Sept. 7 ahead of Season 44.
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CNN
CNN reduced its staff by 100, laying off about 2.9% of its workforce, including media critic Brian Lowry and senior tech writer Samantha Murphy. CNN Worldwide CEO Mark Thompson revealed the strategy of merging linear and digital newsgathering with the announcement of cutting 100 staffers.
Chicken Soup for the Soul
Redbox owner Chicken Soup for the Soul originally filed for Chapter 11 bankruptcy protection at the end of June. July 10 saw the parent company of the movie distribution kiosk product shift to a Chapter 7 filing, meaning it would liquidate its business.
The company had around $1 billion in debt, and around 1000 employees went without pay for two weeks and longer in certain cases. Deadline exclusively reported the delays in pay as well as the suspension of medical benefits.
Over 24,000 kiosks shut down as a result of the decline.
Media Matters for America
Layoffs at Media Matters for America affected more than a dozen staffers in May.
Allen Media Group
Byron Allen's Allen Media Group underwent layoffs in May across all divisions of the company, including The Weather Channel, TheGrio and a motion picture division.
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Noah Media
Producer of Netflix's 14 Peaks and Sky's Villeneuve Pironi went through a round of restructuring, laying off a small number of staff.
Netflix
Netflix laid off 15 people in its film department as part of reorganization after Dan Lin took over for Scott Stuber.
Marvel
Marvel made a small round of cuts that affected 15 employees across Marvel Entertainment in New York as well as Marvel Studios in Burbank.
Fifth Season
The studio that produces shows like Severance, Nine Perfect Strangers Season 2, Tokyo Vice and Life and Beth made a round of layoffs at the end of March that impacted nine employees.
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The Messenger
Less than a year after The Messenger launched (May 2023), the digital news site shut down at the end of January. According to founder Jimmy Finkelstein, every option to raise sufficient capital for profitability was exhausted.
The startup had around 175 journalists employed, and advertising lead to its downfall. Finkelstein faced a class action law suit for nixing 300 employies 'effective immediately' with no notice, severance or healthcare.
Time Magazine
Time magazine also slashed its workforce in January 2024. CNN reported that the outlet had laid off roughly 30 employees across editorial, technology, sales and studios departments.
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Los Angeles Times
The Los Angeles Times Guild criticized the newspaper for the 'brutal and inhumane' handling of making cuts to its staff. Media Guild West president Matt Pearce first revealed that 94 guild members were notified of intended layoff, which made up about a quarter of the newsroom. The total number of cuts made came it at around 100.
Sports Illustrated
Sports Illustrated was issued a warning earlier in January before the 70-year-old print and online publication shut down completely due to a missed payment that Authentic Brands Group reported, revoking the magazine's publishing license.
YouTube
YouTube laid off over 100 people in January. The moves came after Google laid off more than 1,000 workers across several divisions, including engineering, services and voice-activated product Google Assistant.
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Pitchfork
Pitchfork parent Condé Nast announced that it would roll the music website into GQ Magazine after laying off staff. The Publishing house's chief content officer and global editorial director of Vogue emailed a memo to staff explaining the plan moving forward. Pitchfork's editor-in-chief Puja Patel as well as eight unionized staffers were laid off.
NBC News
NBC News underwent a series of layoffs in January, which affected a double digit number of employees. A source familiar with the plans said that the number of those laid off would be in the 50 to 100 range out of several thousand employees.
Hallmark Media
The home of premier holiday movies went through layoffs early this year in the exec suites. Four jobs were eliminated.
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Great American Media
The faith and family-focused Great American Media went through layoffs at the beginning of this year. Roughly 13 people were cut from top jobs.
Amazon Studios
Several employees across Prime Video and Amazon Studios were laid off in early January. Senior execs let go included Nancy Cotton, Arturo Interian, Marcy Kaplan, Chris Castallo and Uri Fleming across different divisions. Most of the exits resulted from the integration of Lindsay Sloane's MGM Scripted Television team alongside MGM+ and the Barry Poznick-led MGM Alternative TV under Chris Brearton, VP, Corporate Strategy, Prime Video and Studios
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Trump tariffs live updates: Greer says tariffs 'pretty much set'; Buffett's Berkshire portfolio takes tariffs hit; Trump outlines sweeping new deals
U.S. Trade Representative Jamieson Greer said on Sunday that the latest round of tariffs are "pretty much set" and unlikely to change. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," Greer told CBS's Face the Nation on Sunday. "These tariff rates are pretty much set." On Friday, Trump signed an order to hike tariffs on Canada to 35%, while he kept a baseline minimum rate of 10% across all partners. The tariffs on Canada went into effect Friday, while many of the other "reciprocal" rates take effect Aug. 7. Meanwhile, it seems even the Oracle of Omaha isn't immune to the impact of President Trump's trade war. Warren Buffett's Berkshire Hathaway said on Saturday that its consumer goods businesses took a hit from US tariffs, Reuters reported. 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The agreement includes a 15% tariff rate on imports from the country, while the US will not be charged a tariff on its exports, Trump said. Trump imposed 50% tariffs on semi-finished copper products starting Aug. 1, but he stopped short of applying the duties to copper scrap and input materials, sending copper (HG=F) futures plunging throughout the week. The president signed an order to end the de minimis exemption on low-value imports under $800, thereby applying tariffs from Aug. 29. Trump signed another order to impose a total of 50% tariffs on many goods from Brazil. However, it exempts key US imports like orange juice and aircraft parts that benefit Embraer (ERJ). The US and EU agreed to a trade deal that imposes 15% tariffs on EU goods. The two sides still need to iron out several key issues. Read more: What Trump's tariffs mean for the economy and your wallet Here are the latest updates as the policy reverberates around the world. Greer: Latest tariffs 'pretty much set' and unlikely to change (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. 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The new tariffs on Switzerland are part of a broader package announced by Trump on Thursday. But Swiss manufacturers warned on Friday that tens of thousands of jobs are at risk due to Trump's tariff hit. Trump's 39% tariffs on Swiss exports do exclude the country's drug sector, but pharmaceutical companies Novartis AG (NVS) and Roche Holding (RHHBY) were one of the 17 global pharma firms to receive a letter from Trump demanding lower prices. "It's a massive shock for the export industry and for the whole country. We are really stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing the mechanical and electrical engineering industries. Bloomberg News reports: Read more here. Trump unleashes delayed shock for global economy Four months after Donald Trump rattled markets by revealing steep tariff plans, his latest update has drawn a quieter response from investors. Still, average tariffs now sit at 15% - some of the highest since the 1930s - with rates rising further for countries that run trade surpluses with the US. So far, the global economy has absorbed the impact better than expected, but with the new tariffs kicking in that resilience may be tested. Bloomberg News reports: Read more here. Copper set for weekly drop on LME after Trump's tariff surprise Copper (HG=F) prices edged higher on Friday but were on track for a weekly drop in London as the market took stock of President Trump's decision to exempt refined forms of the metal from hefty US import tariffs. Bloomberg News reports: Bangladesh secures 20% US tariff for garments, exporters relieved Bangladesh has negotiated a 20% tariff on exports to the US. This tariff rate has reduced from the initial 37% proposed by President Trump and has brought some relief to the world's second-largest garment supplier. Reuters reports: Read more here. 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But some nations were not included in Tuesday's release — those omitted included many nations with which the US currently has a trade surplus — who therefore are set to see their rates remain at 10%, in a surprise relief for some after comments from Trump in recent days suggested 15% would be his new minimum. Read more here. Trump extends Mexico's current tariff rates President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. Brazil sees 35.9% of exports to US facing steeper tariff: Sources Reuters reports: Read more here. 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Unless trading partners reach an agreement by tomorrow, many will face higher tariffs. What's in the US-EU trade deal depends on who is doing the talking Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Trump back in court Thursday to defend the tariffs he plans to impose Friday US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. Pakistan and US reach a trade agreement to develop oil reserves and reduce tariffs The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. EU wine, spirits to face 15% US tariff from August 1: EU official Reuters reports: Read more here. Greer: Latest tariffs 'pretty much set' and unlikely to change (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," he said. "These tariff rates are pretty much set." Read more here. (Reuters) -The tariffs U.S. President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. In trade talks since Trump returned to office, the White House has lowered some rates from levels initially announced, including halving import duties set last week as part of a deal with the European Union. Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are announced, some are not, others depend on the level of the trade deficit or surplus we may have with the country," he said. "These tariff rates are pretty much set." Read more here. Trump introduces tiers for trade partners in latest approach to tariff President Trump is moving forward on a new suite of tariff rates with an approach increasingly focused on grouping countries into tiers, as opposed to a previous approach of simply looking at the trade balance. The new approach remains heavily influenced by either a trade surplus or a deficit but has grown more complex — some might say more subjective — leading to some consolidation in rate levels and the lowering of rates for many countries to a key new standard of 15%. The new landscape was reflected in Thursday night's executive action announcing rates, which centered around the 15% rate set to be in place next week in about 40 countries. Countries facing that rate include major trading partners that recently struck deals, such as Europe and Japan, as well as smaller nations, from Afghanistan to Zimbabwe. More than 100 countries were excluded altogether from this week's announcement, meaning their rate will stay at 10%. Meanwhile, a third group of about 30 countries will see higher rates ranging from 18% to 50%. Trump and his team are taking an approach that could simplify future negotiations and be more in line with global trade dynamics. Read more here. President Trump is moving forward on a new suite of tariff rates with an approach increasingly focused on grouping countries into tiers, as opposed to a previous approach of simply looking at the trade balance. The new approach remains heavily influenced by either a trade surplus or a deficit but has grown more complex — some might say more subjective — leading to some consolidation in rate levels and the lowering of rates for many countries to a key new standard of 15%. The new landscape was reflected in Thursday night's executive action announcing rates, which centered around the 15% rate set to be in place next week in about 40 countries. Countries facing that rate include major trading partners that recently struck deals, such as Europe and Japan, as well as smaller nations, from Afghanistan to Zimbabwe. More than 100 countries were excluded altogether from this week's announcement, meaning their rate will stay at 10%. Meanwhile, a third group of about 30 countries will see higher rates ranging from 18% to 50%. Trump and his team are taking an approach that could simplify future negotiations and be more in line with global trade dynamics. Read more here. Berkshire's consumer goods companies feel the sting of Trump's tariffs Not even the Oracle of Omaha can avoid the pinch of President Trump's trade war, it seems. Warren Buffett's Berkshire Hathaway said Saturday its consumer goods businesses felt the impact of Trump's trade policy, which raised tariffs on imported goods, Reuters reported: Read more here. Not even the Oracle of Omaha can avoid the pinch of President Trump's trade war, it seems. Warren Buffett's Berkshire Hathaway said Saturday its consumer goods businesses felt the impact of Trump's trade policy, which raised tariffs on imported goods, Reuters reported: Read more here. US has 'makings of a deal' with China, Bessent says Treasury Secretary said on X that the US has "makings of a deal" with China. Reuters reports: Read more here. Treasury Secretary said on X that the US has "makings of a deal" with China. Reuters reports: Read more here. Nike, Deckers, On Running among footwear stocks under pressure as Trump outlines latest tariff plans Footwear companies like Deckers (DECK), Nike (NKE), and On Holding (ONON) are under pressure from President Trump's tariff plans, including new rates released Thursday evening that range from 10% to 40%. Yahoo Finance's Brooke DiPalma reports: Read more here. Footwear companies like Deckers (DECK), Nike (NKE), and On Holding (ONON) are under pressure from President Trump's tariff plans, including new rates released Thursday evening that range from 10% to 40%. Yahoo Finance's Brooke DiPalma reports: Read more here. Stocks sink after Trump's latest tariff blitz Stocks came under pressure Friday after President Trump unveiled his plan for sweeping tariffs on almost all trading partners. Also weighing on sentiment were further signs of cracks in the labor market, punctuated by a weaker-than-expected jobs report released Friday morning. You can check out the latest action and updates in our markets live blog. Stocks came under pressure Friday after President Trump unveiled his plan for sweeping tariffs on almost all trading partners. Also weighing on sentiment were further signs of cracks in the labor market, punctuated by a weaker-than-expected jobs report released Friday morning. You can check out the latest action and updates in our markets live blog. Trump's 40% penalty for tariff dodging missing key details President Trump's tariff surprises are far from over. The US president has threatened to slap an extra 40% tariff on any product that Washington determines to be transshipped via another country. Its believed that this may be punishment, aimed at stopping goods mainly from China dodging US duties. The penalty for transshipping, which is when goods are moved from one type of transport to another, while on the way to where they're going, was included within the White house announcement on Thursday. But countries still do not have all the details. Bloomberg News reports: Read more here. President Trump's tariff surprises are far from over. The US president has threatened to slap an extra 40% tariff on any product that Washington determines to be transshipped via another country. Its believed that this may be punishment, aimed at stopping goods mainly from China dodging US duties. The penalty for transshipping, which is when goods are moved from one type of transport to another, while on the way to where they're going, was included within the White house announcement on Thursday. But countries still do not have all the details. Bloomberg News reports: Read more here. Trump unleashes massive tariffs on Swiss watches, pharma firms Switzerland's exporters are bracing for financial fallout from President Trump's 39% tariffs, one of the steepest rates globally in his escalating trade war. From watch makers to pharmaceutical companies the knock on effect of Trump's new tariffs will be felt. The new tariffs on Switzerland are part of a broader package announced by Trump on Thursday. But Swiss manufacturers warned on Friday that tens of thousands of jobs are at risk due to Trump's tariff hit. Trump's 39% tariffs on Swiss exports do exclude the country's drug sector, but pharmaceutical companies Novartis AG (NVS) and Roche Holding (RHHBY) were one of the 17 global pharma firms to receive a letter from Trump demanding lower prices. "It's a massive shock for the export industry and for the whole country. We are really stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing the mechanical and electrical engineering industries. Bloomberg News reports: Read more here. Switzerland's exporters are bracing for financial fallout from President Trump's 39% tariffs, one of the steepest rates globally in his escalating trade war. From watch makers to pharmaceutical companies the knock on effect of Trump's new tariffs will be felt. The new tariffs on Switzerland are part of a broader package announced by Trump on Thursday. But Swiss manufacturers warned on Friday that tens of thousands of jobs are at risk due to Trump's tariff hit. Trump's 39% tariffs on Swiss exports do exclude the country's drug sector, but pharmaceutical companies Novartis AG (NVS) and Roche Holding (RHHBY) were one of the 17 global pharma firms to receive a letter from Trump demanding lower prices. "It's a massive shock for the export industry and for the whole country. We are really stunned," said Jean-Philippe Kohl, deputy director of Swissmem, representing the mechanical and electrical engineering industries. Bloomberg News reports: Read more here. Trump unleashes delayed shock for global economy Four months after Donald Trump rattled markets by revealing steep tariff plans, his latest update has drawn a quieter response from investors. Still, average tariffs now sit at 15% - some of the highest since the 1930s - with rates rising further for countries that run trade surpluses with the US. So far, the global economy has absorbed the impact better than expected, but with the new tariffs kicking in that resilience may be tested. Bloomberg News reports: Read more here. Four months after Donald Trump rattled markets by revealing steep tariff plans, his latest update has drawn a quieter response from investors. Still, average tariffs now sit at 15% - some of the highest since the 1930s - with rates rising further for countries that run trade surpluses with the US. So far, the global economy has absorbed the impact better than expected, but with the new tariffs kicking in that resilience may be tested. Bloomberg News reports: Read more here. Copper set for weekly drop on LME after Trump's tariff surprise Copper (HG=F) prices edged higher on Friday but were on track for a weekly drop in London as the market took stock of President Trump's decision to exempt refined forms of the metal from hefty US import tariffs. Bloomberg News reports: Copper (HG=F) prices edged higher on Friday but were on track for a weekly drop in London as the market took stock of President Trump's decision to exempt refined forms of the metal from hefty US import tariffs. Bloomberg News reports: Bangladesh secures 20% US tariff for garments, exporters relieved Bangladesh has negotiated a 20% tariff on exports to the US. This tariff rate has reduced from the initial 37% proposed by President Trump and has brought some relief to the world's second-largest garment supplier. Reuters reports: Read more here. Bangladesh has negotiated a 20% tariff on exports to the US. This tariff rate has reduced from the initial 37% proposed by President Trump and has brought some relief to the world's second-largest garment supplier. Reuters reports: Read more here. BOJ: US tariffs could hit firms' profits, delay capex plans The Bank of Japan warned on Friday that profits of Japanese firms are likely to fall this year due to President Trump's US tariffs. This will lead many companies in Japan to downgrade capital expenditure plans. The central bank has signalled caution over an expected hit to the export-dependent economy. Reuters reports: Read more here. The Bank of Japan warned on Friday that profits of Japanese firms are likely to fall this year due to President Trump's US tariffs. This will lead many companies in Japan to downgrade capital expenditure plans. The central bank has signalled caution over an expected hit to the export-dependent economy. Reuters reports: Read more here. Trump hikes tariffs on Canada to 35%, outlines sweeping new duties on dozens of trade partners The White House took a step forward with President Trump's plan to remake the trade landscape by releasing new details Thursday evening that included a raft of new tariff rates now formally authorized by executive order, which set new levels from 15% to 40% on over 70 countries. The move represents a giant shakeup in the US's trade order, with outlined rates that range from a 35% tariff on Canada (up from 25%) to rates above 30% on nations from Algeria to Switzerland. But there's a last minute catch, as these new rates will not go into effect for seven days, instead of a midnight Friday deadline as originally planned — according to the text of the order. India, after initial high hopes for a deal that have bogged down in recent weeks, is set to face a 25% rate but now appears to have another week to negotiate. Taiwan is another top US trading partner and is set to see a 20% rate. The White House documentation released Thursday also confirmed some of the parameters of recent deals including 19%-20% rates on a range of Southeast Asian nations and an unchanged 10% rate on the United Kingdom. Dozens of other nations also saw their tariff rates upped to 15% from 10% — in line with deals sketched out in recent days that included that headline 15% tariff rate on Europe, South Korea, and Japan. But some nations were not included in Tuesday's release — those omitted included many nations with which the US currently has a trade surplus — who therefore are set to see their rates remain at 10%, in a surprise relief for some after comments from Trump in recent days suggested 15% would be his new minimum. Read more here. The White House took a step forward with President Trump's plan to remake the trade landscape by releasing new details Thursday evening that included a raft of new tariff rates now formally authorized by executive order, which set new levels from 15% to 40% on over 70 countries. The move represents a giant shakeup in the US's trade order, with outlined rates that range from a 35% tariff on Canada (up from 25%) to rates above 30% on nations from Algeria to Switzerland. But there's a last minute catch, as these new rates will not go into effect for seven days, instead of a midnight Friday deadline as originally planned — according to the text of the order. India, after initial high hopes for a deal that have bogged down in recent weeks, is set to face a 25% rate but now appears to have another week to negotiate. Taiwan is another top US trading partner and is set to see a 20% rate. The White House documentation released Thursday also confirmed some of the parameters of recent deals including 19%-20% rates on a range of Southeast Asian nations and an unchanged 10% rate on the United Kingdom. Dozens of other nations also saw their tariff rates upped to 15% from 10% — in line with deals sketched out in recent days that included that headline 15% tariff rate on Europe, South Korea, and Japan. But some nations were not included in Tuesday's release — those omitted included many nations with which the US currently has a trade surplus — who therefore are set to see their rates remain at 10%, in a surprise relief for some after comments from Trump in recent days suggested 15% would be his new minimum. Read more here. Trump extends Mexico's current tariff rates President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. Brazil sees 35.9% of exports to US facing steeper tariff: Sources Reuters reports: Read more here. Reuters reports: Read more here. Trump: Tariffs are making 'America great and rich again' President Trump hit Truth Social again on Thursday posting that tariffs are making America "great and rich again." "ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE 'HOTTEST'COUNTRY ANYWHERE IN THE WORLD. CONGRATULATIONS TO ALL!," Trump posted. The US president also had a message for Washington's federal appeal court judges, who Trump will be meeting today in order to defend his tariffs. "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" On the eve of Trump's tariff deadline the US president unleashed a flurry of surprises. With news of deals with Thailand, Cambodia and rumours of deals with Taiwan. Unless trading partners reach an agreement by tomorrow, many will face higher tariffs. President Trump hit Truth Social again on Thursday posting that tariffs are making America "great and rich again." "ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE 'HOTTEST'COUNTRY ANYWHERE IN THE WORLD. CONGRATULATIONS TO ALL!," Trump posted. The US president also had a message for Washington's federal appeal court judges, who Trump will be meeting today in order to defend his tariffs. "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" On the eve of Trump's tariff deadline the US president unleashed a flurry of surprises. With news of deals with Thailand, Cambodia and rumours of deals with Taiwan. Unless trading partners reach an agreement by tomorrow, many will face higher tariffs. What's in the US-EU trade deal depends on who is doing the talking Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Trump back in court Thursday to defend the tariffs he plans to impose Friday US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. Pakistan and US reach a trade agreement to develop oil reserves and reduce tariffs The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. EU wine, spirits to face 15% US tariff from August 1: EU official Reuters reports: Read more here. Reuters reports: Read more here. Sign in to access your portfolio
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Quotes of the Week: Gilded Age, Project Runway, Dexter, Sandman and More
You didn't think we'd forget our Quotes of the Week, did you? In the list below — which features our picks for TV's most memorable sound bites of the past seven days — you'll find nearly a dozen shows represented, including The Buccaneers, The Gilded Age, The Valley and Beyond the Gates. More from TVLine Quotes of the Week: I May Destroy You, Greenleaf, Yellowstone and More Quotes of the Week: Stargirl, Blindspot, Penny Dreadful, S.H.I.E.L.D. and More Quotes of the Week: The Twilight Zone, Search Party, Yellowstone and More Also featured in this week's roundup: Martin Short delivers some Match Game shade, Countdown cuts through the noise and Project Runway unpacks the power of a four letter word. Scroll through the list below to see all of our picks for the week, then hit the comments and tell us if we missed any of your faves! (With contributions from Nick Caruso, Matt Webb Mitovich, Dave Nemetz and Kimberly Roots) COUNTDOWN 'Nah, I have a whole routine I do. Sound machine, eye mask….' 'I can make ocean noises.' 'I use white noise.' 'Well, I can make white noise.' 'You are white noise.' Amber (Jessica Camacho) just barely declines Mark's (Jensen Ackles) sleepover invite THE BUCCANEERS 'And your greatest achievement?' 'Raising two wonderful daughters.' 'Oh, you raised them? Alone?' 'Tracy came home for dinner occasionally.' When her husband's lawyer goes on the attack in court, Patti (Christina Hendricks) wastes no time setting the record straight MATCH GAME 'OK, we've got King… Beat… and Prawns. You can choose one of those three answers — don't choose Prawns — or you can give one of your own…' Host Martin Short not-so-subtly shades Jay Pharoah's 'Tiger __' answer DEXTER: RESURRECTION 'You're like a goddamn horror movie villain, like Michael Myers or the f–king guy with the hockey mask. You think they're dead and…' [Dexter's narration] 'There certainly are some similarities.' A completely gobsmacked Harrison (Jack Alcott) tries to wrap his head around the fact that Dexter (Michael C. Hall) is still alive PROJECT RUNWAY 'I hated it. I was the only one, I was outjudged.' ''Hate' is such a big word.' 'It's a short word. It's only four letters.' Law Roach brings up a good point! BEYOND THE GATES 'Sweetheart, Andre and I have some business. Could you excuse yourself for the moment?' 'And they say I'm too old for him.' Dani (Karla Mosley) can't help teasing mom Anita (Tamara Tunie) on her way out THE GILDED AGE 'It's hard to believe there's a God in heaven when such things happen on Earth!' Yes, this is Agnes' (Christine Baranski) genuine reaction to learning that her footman sold his invention for $300,000 — doesn't she sound just thrilled for him? THE CHI 'What's her name?' 'Jada. We love you, Mom.' 'I love you all, too.' Emmett informs a dying Jada (Yolanda Ross) that her brand-new granddaughter will carry her name. We're not crying, you're crying! THE SANDMAN 'I have an entire list of things I want to get done while I'm here.' 'Like what?' 'Like, go to the opera or BFI. Oh, I want to get a chai in the queue at Dishoom. And then a party. Then maybe an after-party. Ooh! And then I want to get a full English at the Regency Café. Oh, and I promised Mad Hettie I'd find her soul. How does that sound?' 'Like too much for one week, let alone one night.' 'Challenge accepted!' Death (Kirby Howell-Baptiste) and Sexton (Colin Morgan) discuss how she'll spend her one day on Earth THE VALLEY 'Don't give him your power. It's so effective when you insult someone in a calm voice.' Kristen shares some of her wisdom from years of insulting people with Brittany at the Season 2 reunion THE LATE SHOW WITH STEPHEN COLBERT 'First of all, you look rested. I'm happy for you.' 'Thank you. How you doing?' 'Oh, I'm fine! I'll get plenty of rest in June.' Best of TVLine 90+ TV Shows That Switched Networks — And How Long They Ran After They Relocated TV's 30+ Best Cliffhangers of All Time From Buffy, Friends, Grey's Anatomy, Twin Peaks, Severance, Soap and More 20+ Age-Defying Parent-Child Castings From Blue Bloods, ER, Ginny & Georgia, Golden Girls, Supernatural and More
Yahoo
27 minutes ago
- Yahoo
Estimating The Intrinsic Value Of Xcel Energy Inc. (NASDAQ:XEL)
Key Insights The projected fair value for Xcel Energy is US$72.16 based on Dividend Discount Model Current share price of US$73.47 suggests Xcel Energy is potentially trading close to its fair value Analyst price target for XEL is US$76.93, which is 6.6% above our fair value estimate How far off is Xcel Energy Inc. (NASDAQ:XEL) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Don't get put off by the jargon, the math behind it is actually quite straightforward. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The Method We have to calculate the value of Xcel Energy slightly differently to other stocks because it is a electric utilities company. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. This often underestimates the value of a stock, but it can still be good as a comparison to competitors. The 'Gordon Growth Model' is used, which simply assumes that dividend payments will continue to increase at a sustainable growth rate forever. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.9%. We then discount this figure to today's value at a cost of equity of 6.4%. Relative to the current share price of US$73.5, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate) = US$2.5 / (6.4% – 2.9%) = US$72.2 The Assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Xcel Energy as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.4%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Check out our latest analysis for Xcel Energy SWOT Analysis for Xcel Energy Strength Earnings growth over the past year exceeded the industry. Weakness Interest payments on debt are not well covered. Dividend is low compared to the top 25% of dividend payers in the Electric Utilities market. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio compared to estimated Fair P/E ratio. Threat Debt is not well covered by operating cash flow. Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the American market. Moving On: Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Xcel Energy, there are three additional factors you should look at: Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Xcel Energy (at least 1 which is a bit concerning) , and understanding these should be part of your investment process. Future Earnings: How does XEL's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NASDAQGS every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
