Cancellations

Home purchase cancellations are above 15% for the second straight month.  It's important to know the financial repercussions

Home purchase cancellations are above 15% for the second straight month. It’s important to know the financial repercussions

Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the …

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Amtrak cancellations, passenger frustrations grow amid strike threat

Amtrak cancellations, passenger frustrations grow amid strike threat

Hundreds of Amtrak passengers had their plans ruined Tuesday after the railroad canceled more cross-country trains ahead of a possible strike that threatens to bring painful disruptions to the nation’s passenger rail. Major regional train systems also warned passengers to plan for alternate travel later this week, citing the potential of rail lines shutting down …

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Warner Bros.  Discovery Takes $825M Write-Down on Content Following High-Profile DC Axings and TBS-TNT Cancellations

Warner Bros. Discovery Takes $825M Write-Down on Content Following High-Profile DC Axings and TBS-TNT Cancellations

Just how much content has Warner Bros. Discovery axed since the WarnerMedia merger just a few months ago? worth $825 million. The company disclosed in a regulatory filing Friday that it has taken a $825 million write-down on content following the deal. That figure includes a $496 million impairment on content, as well as content …

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