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 […]
Dozens picket concrete recycling plant that has been blanketing Brooklyn neighborhood in dust for a year
Dozens of Brooklyn residents were outraged Wednesday over a city-run concrete recycling facility that has blanketed Cobble Hill in thick dust for a year, raising concerns that the smoke was making them sick. More than 50 people formed a human shield outside SIM Municipal Recycling on Wednesday to block the truck from entering. They protested […]
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 […]
LA fire union prez called out dangerous short-staffing last year: ‘Someone will die’
The head of Los Angeles' fire union warned the city about staffing shortages before the deadly fire that ravaged the county for more than a week, according to a new interview. Los Angeles Unified Fire Chief Freddy Escobar broke down in tears during an interview with CNN, saying the dire warnings he gave officials had […]
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. […]
Sony Open: Nick Taylor’s unbelievable chip-in may end up being shot of the year on PGA Tour
Nick Taylor produced his best shot of the season with a 72-foot eagle make for a historic victory over Tommy Fleetwood at the 2023 RBC Canadian Open. This Pat and his celebration were so symbolic; RBC Canadian Open organizers change logo It showed Taylor's silhouette and emphasized the importance of the shot. Fast forward to […]
What a difference a year makes for reeling Knicks
A lot can change in 12 months. This time last year, the Knicks finished their January schedule with 14 wins. This is the most in a month since March 1994 and one shy of the franchise record, but it was just two losses. They snapped an eight-game winning streak and picked up their ninth win […]