Dr. Phil’s Merit Street TV startup reportedly axes dozens of job : ‘Complete shock’
The media startup founded by famous TV talk show host Dr. Phil McGraw has reportedly laid off about a third of its 100 employees. Merritt Street Media, which McGraw founded earlier this year, completed its job cuts on Monday, cutting fewer than 40 jobs, mostly in its morning and evening news divisions, a source familiar […]
South Londoners raise £3k for street cleaner’s holiday – but bosses say no | London
A heartwarming story about a community coming together to show their appreciation for a man who helps keep their streets clean hit a snag when his boss told him he couldn’t accept holiday donations. In Beckenham, south-east London, more than 200 people have donated money to send Paul Spires to Portugal for a summer holiday. […]
Rep. Ritchie Torres presses DEA after animal tranquilizers found in NYC street drugs
WASHINGTON — Bronx Congressman Ritchie Torres is requesting information from the Drug Enforcement Administration after local health officials found the elephant tranquilizer carfentanil and the veterinary anesthetic medetomidine in street drugs in New York City. Carfentanil, a more potent analogue of fentanyl, Eight local opioid samples contained small amounts of the substance. According to the […]
Top Wall Street exec predicts ‘social unrest’ due to AI
Senior Wall Street finance executives say artificial intelligence could make many jobs, such as cashiers and drivers, unnecessary and lead to widespread social unrest. Armen Panossian, co-CEO of Los Angeles-based investment firm Oaktree Capital Management, told Bloomberg News that while AI “clearly has the potential to deliver enormous economic benefits,” it also poses “the greatest […]
Kind of a Funny Week for Stocks, Lots of Drama, Little Change: But Tesla & Nvidia Ended Deeper in the Hole – WOLF STREET
The collapsed stock palace is dragging down the Russell 2000 Index. From WOLF STREET by Wolf Richter. The S&P 500 finished at the same level it started at, and if you haven’t had access to the internet in the last five days, you would have missed all the drama that saw the Nikkei plunge 12% […]
3 Stock-Split Stocks to Buy Hand Over Fist Before They Soar as Much as 204% According to Select Wall Street Analysts – The Motley Fool
History shows that stocks that have split their stock tend to continue to outperform other stocks. One of the most interesting developments for investors over the past few years has been the renewed popularity of stock splits. Stock splits were common in the late 1990s but fell out of favor, but have become popular again […]
Wall Street Dems are rallying for Kamala Harris — will bankers make the same mistake they made with Obama in ’08?
With the media hyping up the possibility of former dork-turned-cool-brat Kamala Harris becoming president, Wall Street Democrats aren’t wasting any time jumping on the bandwagon to convince the undecided billionaires that Harris is the winner in November’s election. Wall Street executives should support her and they will not regret it. History shows they will regret […]
Chicago cop seen on video pointing gun at street takeover spectators; internal investigation launched
A Chicago police officer was seen on video pointing his gun at protesters, sparking an internal investigation by the police department. WGN-TV reported. The video, taken early Monday morning, shows Occupy Street protesters drifting around the intersection of West 59th Street and South Pulaski Road in the city’s southwestern West Lawn neighborhood, according to the […]
Wall Street bonuses set to surge by up to 35% this year: report
Wall Street bankers are set to get a big raise after a two-year hiatus, with bonuses set to increase by up to 35%, according to a new report. If these predictions come true, it would be another boost for downtown Manhattan’s hospitality industry, which is already seeing a booming trade from wealthy New York interns. […]
Wall Street sees best day of trading in nearly two years amid recovery rally | Business
Wall Street posted its strongest trading day in nearly two years, recovering most of the losses it suffered during a sell-off that began earlier this week on concerns about the U.S. economy. The S&P 500 rose 2.3% to 5,319.32, its biggest one-day gain since November 2022. The Dow Jones Industrial Average rose 1.8% to 39,446.49. […]