NYCB takes more action as CEO works a new business plan
Sheila Baer talks about the New York community bank crisis on “Claman Countdown.” The next CEO will be new york community bank (NYCB) announced Thursday that it is working on a new business plan after the beleaguered bank received a $1 billion lifeline from investors on Wednesday. He also announced a dividend cut for the […]
The Biden Admin Barely Tried To Save American Tech Firms From European Regulatory Onslaught: REPORT
President Joe Biden’s administration has refrained from pressing the European Union (EU) about its new law weighing heavily and disproportionately on American tech companies, The Washington Post reported on Thursday. The EU’s Digital Markets Act (DMA) officially came into effect Thursday and imposes penalties of up to 20% of a company’s yearly revenue for repeated […]
EXCLUSIVE: Top Contender To Take Over Massive Union Has Repeatedly Been Accused Of Union Busting
The presumptive heir to the position of president of the Service Employees International Union (SEIU) has had employees under her command complain of union-busting tactics and retaliation, according to a report from the Center for Union Facts. April Verrett, the current secretary treasurer of the SEIU and the former president of SEIU Local 2015, is […]
Layoffs Surge For Another Month Despite Job Gains
Layoffs at U.S. companies surged for another month as businesses adjusted to current market conditions, despite huge reported job gains, according to outplacement firm Challenger, Gray & Christmas, Inc. Job cuts increased to 84,638 in February, 3% higher than in January when layoffs also soared, and 9% higher than February last year, which had 77,770 […]
Ex-Google Engineer Charged With Stealing Trade Secrets While Working For Chinese Companies
An ex-Google employee was charged with stealing trade secrets while working for Chinese technology companies, the Department of Justice said on Monday. Linwei Ding, a 38-year-old Chinese national who previously worked as an engineer for Google, swiped company technology and AI trade secrets while he worked for two China-based technology companies, according to the DOJ. […]
Embattled bank NYCB lands $1B investment from group including Mnuchin’s firm
The Wall Street Journal’s Nick Timiraos said Fed officials were downplaying the issue in the Craman countdown. New York Community Bank (NYCB) on Wednesday raised $1 billion from investors including former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital and named former Comptroller of the Currency chief executive officer. It was announced that. NYCB has been […]
Struggling Bank Gets Bailed Out With Help From Former Trump Admin Treasury Secretary
New York Community Bancorp (NYCB) announced on Thursday that it would be getting more than $1 billion from investors to help stabilize the bank, including from a firm run by a former Trump administration Treasury secretary. The bank will receive $450 million from Mnuchin Liberty Strategic Capital, headed by former Treasury Secretary Steven Mnuchin, as […]
Apple escalates Epic Games feud by blocking Fortnite app in EU
Shah Gilani, chief investment strategist at Money Map Press, said during an appearance on “Bernie & Co.” that the market is already “anticipating” Trump’s victory in the 2024 election. insisted. Apple escalated its feud with Epic Games on Wednesday, blocking Fortnite video game maker It starts with the launch of our own online marketplace on […]
Your Jeans Could Be Funding The Abortion Industry
The Levi Strauss Foundation, which is wholly funded by the clothing corporation bearing the same name, donated millions to nonprofits that facilitate or promote abortions, tax forms and public statements show. Levi Strauss’ philanthropic arm approved over $4 million in donations to groups like the Abortion Care Network and the International Planned Parenthood Federation between […]
Defense Official Says European Ammo Production Is Leaving America In The Dust. That’s Nonsense, Experts Say
A European defense leader boasted that the European defense industry is far outstripping American domestic production for an important munition, but experts told the Daily Caller News Foundation he was way off the mark. Jan Jires, a top policy official in the Czech defense ministry, touted that Germany’s Rheinmetall is already producing more 155mm artillery […]