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80,000 American lives a year: The case for a congressional war on cartels

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Major crafts retailer Joann files for second bankruptcy in less than a year

Joann Inc. has filed for Chapter 11 bankruptcy protection for the second time in less than a year. This time, the company is also trying to sell itself to another company with the aim of “maximizing business value.'' Interim CEO Michael Prendergast said Tuesday that the Ohio-based craft retailer has been battling a difficult retail […]

US inflation ticks up again — dimming prospects for significant Fed cuts this year

U.S. consumer prices showed no signs of cooling in December on the back of rising prices for energy products, indicating that inflation remains high, a sign that the Federal Reserve expects fewer interest rate cuts this year. This is consistent with the Board's outlook. The Consumer Price Index rose 0.4% last month, after rising 0.3% […]

Jamie Dimon’s top deputy to retire next year, while potential successor exits CEO race

The long-standing question of who will ultimately replace JPMorgan Chief Executive Jamie Dimon ended Tuesday when the nation's largest financial institution announced that one of its potential successors does not want the job. The announcement that another person is leaving the company raises further questions. The company said Jennifer Piepszak, who had long been seen […]

Meta to fire thousands of staff as Zuckerberg warns of ‘intense year’ | Meta

Meta, the owner of Facebook, WhatsApp and Instagram, plans to cut around 5% of its global workforce, with the worst performers most likely to leave. In a memo to employees, CEO Mark Zuckerberg said that ahead of what he described as a “tumultuous year,” he had decided to “fire poor performers faster” and reduce the […]

Trump Did More to Free Hostages, Reach Ceasefire than Biden Did All Year

President-elect Donald Trump has reportedly taken more actions to move Israel and Hamas closer to a hostage-ceasefire deal than President Joe Biden has in the more than a year since the last ceasefire It has been praised by officials. In early December, President Trump warned Hamas that there would be “hell on earth” if it […]

China’s Massive Lunar New Year Travel Rush Begins

China's state-owned Global Times China on Tuesday sounded the metaphorical starting gun for the 2025 Lunar New Year travel rush. The event is frequently touted by China as the world's largest annual population movement. The Chinese government is hoping this year's rush to popular family gatherings and vacation spots will also boost sluggish consumer spending. […]