Citigroup cutting more jobs to meet CEO’s expense goals despite strong quarter
Citigroup will cut more jobs this week to meet Chief Executive Officer Jane Fraser's expense goals, Bloomberg News reported Thursday, citing people familiar with the matter. The managing directors of wealth and technology will step down, and Citi will also lay off members of the team that compiles data and analytics for the bank's clients, […]
DOGE caucus roadmap for cutting government waste emerges after closed-door meeting: ‘great synergy’
The Congressional DOGE Caucus' plan to reduce government waste is shifting focus after the group's second-ever closed-door meeting on Wednesday. Caucus leaders have divided lawmakers into eight working groups focused on different areas to reduce waste. These will focus on retirement benefits, social and family safety nets, emergency supplemental funding, energy permits, homeland security, defense […]
Eli Lilly shares tumble after cutting its sales outlook. What it means for investors – CNBC
Eli Lilly stock fell on Tuesday after its latest financial guidance disappointed investors. Jim Cramer says this drop is a buying opportunity. The pharmaceutical giant lowered its 2024 revenue outlook after lower-than-expected fourth-quarter results for the pivotal GLP-1 drug used for weight loss and diabetes. Eli Lilly said fourth-quarter sales should be about $13.5 billion, […]
Meta cutting 5% of workforce through performance-based attrition
Meta CEO Mark Zuckerberg recently appeared on Joe Rogans' podcast, and the two discussed the company's culture shift in a wide-ranging interview. Facebook's parent company, Meta, announced Tuesday that it plans to cut its workforce, focusing on its worst-performing employees, according to an internal memo to Meta's employees. “We have decided to raise the bar […]
Dems blame LA fire on ‘climate change’ despite city cutting fire department budget
Democratic lawmakers have argued that the severity of the Los Angeles wildfires is a result of climate change, but the Palisades fire gutted thousands of homes and weeks before many more were destroyed. 15,000 acres, despite reports that hydrant water had run dry and fire department budgets had been cut. Multiple fires broke out in […]
Pickup truck driver accused of cutting off ‘old lady’ during Palisades Fire smiles after being confronted
A smiling pickup truck driver was arrested on suspicion of beheading an elderly woman during a four-hour line of cars as residents waited to return to their homes in the Palisades fire zone. Nick Clark, an independent creative director in Los Angeles, posted a video of his altercation with an impatient driver on his Instagram […]
L.A. Mayor Rewarded City Workers Before Cutting Fire Budget
Los Angeles Mayor Karen Bass (D) reportedly gave major pay increases to government workers before cutting the city's fire department budget. “Mayor Karen Bass's budget cuts to the City Fire Department, enacted just a few months ago amid warnings of the city's fiscal deterioration, stand out as a glaring example of misplaced priorities.” The Journal […]
LA County spent heavily on woke programs while cutting fire services budget
Los Angeles authorities strip millions of dollars of funds Ahead of one of the most destructive wildfires in state history, hundreds of thousands of dollars were allocated by the fire department to fund programs such as a gay men's choir and housing for homeless transgender people. Deadly fires broke out across Southern California this week, […]
LA Times owner rips Mayor Karen Bass for cutting fire department budget
The billionaire owner of the Los Angeles Times has criticized the city's mayor, Democratic Mayor Karen Bass, for cutting the budget for the city's crippled fire department as it works to quell devastating wildfires. He criticized the company's “poor planning” and “poor judgment.” The whole neighborhood. “The mayor wanted $23 million. [cut]as I understand it, […]
FACT CHECK: Facebook Video Purporting To Show Robot Cutting Elon Musk’s Hair Is AI-Generated
video shared on facebook It claims to show a robot cutting the hair of Tesla CEO and Company X owner Elon Musk. Screenshot captured via Facebook Verdict: False An artificial intelligence (AI) expert denied the video's authenticity in an email to Check Your Fact. Fact check: According to reports, Musk is interested in buying English […]