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20 minutes ago
- Yahoo
PBS, NPR to Lose All Federal Funding as Congress Votes to Pass $9.4B Rescissions Bill
The Republican-led House of Representatives voted 216-213 early Friday morning to pass a proposal from President Donald Trump to cancel $9.4 billion in previously approved federal funding — including all $1.1 billion that the Corporation for Public Broadcasting, which helps fund PBS and NPR, expected to receive over the next two years. Two Republicans, Representatives Brian Fitzpatrick of Pennsylvania and Michael R. Turner of Ohio, opposed the measure. More from TVLine CBS Cancels Late Show, With Stephen Colbert Signing Off Next Year — Watch His Announcement Jimmy Kimmel Supports Stephen Colbert Amid Late Show Cancellation: 'F–k You CBS and All Your Sheldons' Love Island USA's Cierra Ortega Addresses Season 7 Exit After Racist Posts Resurfaced: 'I Had No Ill Intention' The Senate had approved the proposal early Thursday a.m., in a 51-48 vote. It now awaits President Trump's signature. The approved legislation also rescinds $8 billion in foreign aid spending, including $800 million for a program that provides emergency shelter and sanitation for those who flee their home countries, and $500 million to provide food, water and health care for countries hit by natural disasters and conflicts. TRUMP TARGETS 'BIASED MEDIA' President Trump, in a May 1 executive order titled 'Ending Taxpayer Subsidization of Biased Media,' cited the CPB's governing statute — that it may not 'contribute to or otherwise support any political party' — before arguing, 'The CPB fails to abide by these principles to the extent it subsidizes NPR and PBS. 'Which viewpoints NPR and PBS promote does not matter. What does matter is that neither entity presents a fair, accurate, or unbiased portrayal of current events to taxpaying citizens,' the executive order read. 'I therefore instruct … all executive departments and agencies to cease Federal funding for NPR and PBS.' HOW WILL THIS IMPACT PBS? PBS President and CEO Paula Kerger, in a statement issued after the Senate vote, said that the rescissions bill — the first of its kind since 1999 — 'goes against the will of the American people, the vast majority of whom trust PBS and believe we provide excellent value to their communities. 'These cuts will significantly impact all of our stations, but will be especially devastating to smaller stations and those serving large rural areas,' Kerger added. 'Many of our stations which provide access to free unique local programming and emergency alerts will now be forced to make hard decisions in the weeks and months ahead.' The Corporation for Public Broadcasting (CPB) traditionally receives an annual congressional appropriation of about $500 million, which it in turn appropriates to some 1,500 public TV and radio stations, as well as to NPR and PBS (to support national programming). Without CPB funds, stations will need to rely on donations from viewers, corporate sponsorships, and foundation grants to cover their operating budgets. With the CPB budget due to be zeroed out starting this fall, the expectation is that local stations, which have a harder time time with member donation drives, will be forced off the air. But even larger stations will be faced with layoffs, fewer resources for news reporting, and less money with which to buy educational programming. Daniel Tiger's Neighborhood, for example, is among the children's shows produced by Fred Rogers Productions, a nonprofit funded in part by the CPB as well as licensing revenue from PBS stations. THIS IS ONLY 'THE BEGINNING' OF RESCISSIONS The $9.4 billion rescissions bill aims to reclaim a fraction of a fraction of federal spending after Trump's 'One Big Beautiful Bill Act' got pushed through on July 4, even though the Congressional Budget Office projected it will increase future federal deficits by about $3.3 trillion over a decade. House Speaker Mike Johnson, per ABC News, promised that there would be additional rescissions bills coming: 'This isn't the end, it's the beginning.' Best of TVLine 'Missing' Shows, Found! Get the Latest on Ahsoka, Monarch, P-Valley, Sugar, Anansi Boys and 25+ Others Yellowjackets Mysteries: An Up-to-Date List of the Series' Biggest Questions (and Answers?) The Emmys' Most Memorable Moments: Laughter, Tears, Historical Wins, 'The Big One' and More
Yahoo
20 minutes ago
- Yahoo
Autoliv (NYSE:ALV) Is Paying Out A Larger Dividend Than Last Year
Autoliv, Inc. (NYSE:ALV) will increase its dividend from last year's comparable payment on the 23rd of September to $0.85. This makes the dividend yield 2.9%, which is above the industry average. While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Autoliv's stock price has increased by 35% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Autoliv's Payment Could Potentially Have Solid Earnings Coverage While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. However, Autoliv's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to rise by 39.6% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 24%, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for Autoliv Dividend Volatility The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The dividend has gone from an annual total of $2.16 in 2015 to the most recent total annual payment of $3.40. This means that it has been growing its distributions at 4.6% per annum over that time. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past. The Dividend Looks Likely To Grow Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's encouraging to see that Autoliv has been growing its earnings per share at 13% a year over the past five years. Growth in EPS bodes well for the dividend, as does the low payout ratio that the company is currently reporting. We Really Like Autoliv's Dividend Overall, a dividend increase is always good, and we think that Autoliv is a strong income stock thanks to its track record and growing earnings. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've picked out 2 warning signs for Autoliv that investors should know about before committing capital to this stock. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. 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.
Yahoo
20 minutes ago
- Yahoo
New DesignRush Report: Idaho Sees 26% Tech Salary Spike, Ranks #1 Nationwide
Remote work migration, infrastructure demand, and major investments are driving tech pay increases in the Gem State. Miami, Florida--(Newsfile Corp. - July 18, 2025) - A new report from DesignRush reveals that Idaho now ranks #1 in the U.S. for tech salary growth, with a 26.13% increase in real earnings over the past decade-outpacing every other state. The 2025 Tech Salary Performance Report analyzes inflation-adjusted salary data from the U.S. Bureau of Labor Statistics across six core tech roles, comparing 2014 to 2024 earnings. While the national average tech salary grew just 7.5%, Idaho's growth was over 3x higher, fueled by the rise of remote work, demand for network infrastructure, and pro-business state policies. Key Highlights From the Report: Idaho leads the nation with a 26.13% increase in tech salaries-growing from $94,687 in 2014 to $119,425 in 2024. Boise ranks #8 out of 277 U.S. cities for tech salary growth-solidifying its status as a new national tech hotspot. Boise's tech wages rose 10.3% in just one year (2022-2023), outpacing state-level growth. Network Architect roles saw nearly +31% growth, showing infrastructure-driven demand. Idaho's tech economy is valued at $9.8 billion, supporting 51,000 tech jobs. The state projects 12% tech job growth by 2029, signaling long-term momentum. Top 10 U.S. States for Tech Salary Growth Between 2014-2024 To view an enhanced version of this graphic, please visit: Boise Ranks Among Top 10 U.S. Cities for Tech Pay Growth The report also highlights that Boise ranks #8 out of 277 U.S. cities for tech salary growth. #8 Best City Nationwide for tech salary growth (2014-2024) 0.3% year-over-year salary growth (2022-2023) 116% surge in tech job applications from recent college grads (2021-2023) Major employers High demand for infrastructure and DevOps, with salaries ranging from $157,000 to $210,000 From 2014 to 2024, Boise saw a 36.53% increase, with wages rising from $83,885 to $114,530. Year-over-year from 2022 to 2023 alone, local wages climbed 10.3%, outpacing the statewide average. "Idaho's tech economy is benefiting from the migration of remote workers, major semiconductor investments, and aggressive tax incentives," said Anonta Khan, PR Manager at DesignRush. "Boise, in particular, is drawing tech talent from across the country while delivering real wage gains that outpace national trends." What's Driving Idaho's Tech Salary Surge? 30% tax credit for companies creating 50+ jobs Major employer investment +31% salary growth for Network Architect roles, driven by infrastructure needs STEM education pipelines and workforce initiatives fueling skilled local talent About DesignRush DesignRush is a platform that helps businesses find top agencies in design, tech, marketing, and more. We also publish research and rankings to help business leaders make smart decisions. Media Contact:Anonta KhanPR Manager, DesignRushEmail: anonta@ To view the source version of this press release, please visit Sign in to access your portfolio
