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Wall Street Journal

Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.
Fox News Star Sean Hannity Sells New York Home For Just Under $13 Million Fox News Star Sean Hannity Sells New York Home For Just Under $13 Million
Fox News Star Sean Hannity Sells New York Home For Just Under $13 Million After just a week on the market, news anchor Sean Hannity sold his 10,600-square-foot waterfront estate. The estate, located in the town of Oyster Bay village of Centre Island, was listed for $13.75 million but sold at $12.7 million. Sold by Nest Seekers International’s Shawn Elliott after a bidding war, the buyer (who has not been named) received not only the seven-bedroom, nine-bath house but all the furniture as well, according to the Wall Street Journal and a representative for Elliott. Earlier Report: Fox News' Sean Hannity Lists Oyster Bay Home For $13.7M The estate boasts …
Nantucket Home With Theater, Game Room Sells For Massive Sum Nantucket Home With Theater, Game Room Sells For Massive Sum
Nantucket Home With Theater, Game Room Sells For Massive Sum An investor who sold veteran news anchor Diane Sawyer’s $24 million “Chip Chop” property on Martha’s Vineyard has sold a more expensive property, this time on the island of Nantucket. The luxury estate at 5 Grant Ave. in Nantucket was sold on Jan. 18 under the asking price of $26 million by private-equity investor David Malm after buying it for just under $20 million, according to the Wall Street Journal. Malm told the newspaper that the property was to be turned into a luxury rental spot, but “there is a price for every asset.” Related: Diane Sawyer Sells 'Chip Chop' On Martha's Vin…
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid Plans To Close 400-Plus Stores, Report Says
Rite Aid Plans To Close 400-Plus Stores, Report Says Rite Aid will close 400 to 500 stores as part of a Chapter 11 bankruptcy reorganization, according to a new report. The drugstore chain is now negotiating with creditors to formulate a bankruptcy plan that would include liquidating a substantial portion of its more than 2,100 drugstores, The Wall Street Journal says. Rite Aid is facing over $3 billion in debt and more than a thousand federal lawsuits alleging it oversupplied opioids, the report said. Founded 61 years ago in Scranton, Pennsylvania, Rite Aid moved its headquarters to Philadelphia in 2022. Click here to read the complet…
Richard Gere Identified As Buyer Of Paul Simon's New Canaan Estate Richard Gere Identified As Buyer Of Paul Simon's New Canaan Estate
Richard Gere Identified As Buyer Of Paul Simon's New Canaan Estate To say Richard Gere has been active in the real estate market in the region would be quite an understatement. The popular actor moved from one Northern Westchester County town to another one early last year when he moved to North Salem after listing his property in Pound Ridge for $28 million. (The Pound Ridge sale price wound up being around $24 million.) Now, the 74-year-old Gere, best known for his roles in the movies "Pretty Woman," and "An Officer and a Gentleman," has been identified as the buyer of a country estate in Fairfield County that was owned by singer-songwriter Paul Simon&nb…
COVID-19: Summertime Uptick In Cases, Hospitalizations Reported By CDC COVID-19: Summertime Uptick In Cases, Hospitalizations Reported By CDC
Covid-19: Summertime Uptick In Cases, Hospitalizations Reported By CDC A summertime uptick in both COVID-19 hospitalizations and cases is being reported by the Centers for Disease Control & Prevention (CDC). “After roughly six, seven months of steady declines, things are starting to tick back up again,” said CDC’s COVID incident manager Dr. Brendan Jackson, according to a report by NPR. COVID-hospital admissions during the week ending Saturday, July 22, increased 10.3 percent over the previous week, according to CDC data. In addition, visits to the emergency room were up more than 17 percent and the positive test percentage went up 1.3 perc…
Air Quality Alert: Widespread Smoke From Canadian Wildfires Lingers Throughout Region Air Quality Alert: Widespread Smoke From Canadian Wildfires Lingers Throughout Region
Air Quality Alert: Widespread Smoke From Canadian Wildfires Lingers Throughout Region An Air Quality Alert is in effect for much of the Northeast as smoke drifting south from more than 400 Canadian wildfires lingers. Air quality levels in outdoor air are predicted to be greater than an Air Quality Index value of 100 for the pollutant of fine particulates, according to the National Weather Service.   "The higher the AQI value, the greater the health concern," said the weather service. More than 8 million acres of land has already burned in what already is Canada's worst wildfire season in history.  That's way above the normal 600,000 acres…
Billy Joel Lists Waterfront NY Estate For $49M Billy Joel Lists Waterfront NY Estate For $49M
Billy Joel Lists Waterfront NY Estate For $49M Billy Joel is movin' out -- of one of his residences, at least. The legendary 74-year-old singer has listed his waterfront estate on the north shore of Long Island, located on Centre Island in Oyster Bay, for $49 million, the Wall Street Journal reports. According to its listing on Zillow, the estate, built in 1994, is 26 acres and includes: A 20,000-plus square-foot estate house currently under renovation with an elevator to all floors,  Helicopter pad, Floating dock and boat ramp on Oyster Bay Harbor, Four-bedroom gate/guest house with an attached three-bedroom apartment …
Paul Simon, Edie Brickell Sell Fairfield County Estate At $6 Million Loss, Report Says Paul Simon, Edie Brickell Sell Fairfield County Estate At $6 Million Loss, Report Says
Paul Simon, Edie Brickell Sell Fairfield County Estate At $6 Million Loss, Report Says Singer-songwriter Paul Simon and his wife Edie Brickell have sold their Connecticut estate at a significant loss, according to a brand-new report. The Fairfield County property, located in New Canaan, sold for $10.8 million on Friday, July 1, according to listing records, Mansion Global reports. The couple had purchased the 32-acre property from the estate of investor Charles A. Dana Jr. for $16.5 million in 2002, according to the report, which noted that Dana had owned the estate for almost half a century. The Brookwood Lane estate was originally built in 1938. In 2019, Simon and Br…
'Perfect Storm' For Comeback? Speculation Starts About Possible Hillary Clinton 2024 Run 'Perfect Storm' For Comeback? Speculation Starts About Possible Hillary Clinton 2024 Run
'Perfect Storm' For Comeback? Speculation Starts About Possible Hillary Clinton 2024 Run Could a rematch be on the horizon between former President Donald Trump and Hillary Clinton in 2024? A new op-ed in The Wall Street Journal made the case that a “perfect storm” could be on the horizon for the Democratic Party as it looks to maintain its hold on the Oval Office, and the former US secretary of state may be its best option. Citing Biden’s age - he’s now 79 years old - and dipping approval numbers, researchers said there could be a “leadership vacuum” that paves the way for another Clinton run. According to pollsters, Clinton "is already in an advantageous position to become…
COVID-19: Worker Shortages Amid Omicron Wave Spark Concerns Of Food Outages At Grocery Stores COVID-19: Worker Shortages Amid Omicron Wave Spark Concerns Of Food Outages At Grocery Stores
Covid-19: Worker Shortages Amid Omicron Wave Spark Concerns Of Food Outages At Grocery Stores The dramatic surge in COVID-19 cases led by the Omicron variant is exacerbating issues supermarkets are experiencing with keeping shelves stocked, according to multiple reports. A chief executive of supply-chain consultant told Bloomberg that stores are currently having issues stocking shelves, and the highly-transmissible variant will cause even more issues due to labor shortages. The news outlet reported that stores have already had trouble keeping products stocked due to supply chain issues and product shortages throughout the pandemic. As cases continue to climb across the country, so …
Chris Cuomo Out Of Another Job After Sexual Misconduct Claim Amid Report He Plans To Sue CNN Chris Cuomo Out Of Another Job After Sexual Misconduct Claim Amid Report He Plans To Sue CNN
Chris Cuomo Out Of Another Job After Sexual Misconduct Claim Amid Report He Plans To Sue CNN Fired CNN anchor Chris Cuomo is now out of another job following the fallout of an investigation that found he helped use some of his sources to navigate former New York Gov. Andrew Cuomo's sexual harassment scandal and amid a sexual misconduct accusation against himself. Cuomo, who was indefinitely suspended by CNN last week and then fired days later, announced that he will also be leaving his SiriusXM radio show, on the same day a former ABC colleague filled in for him during the day's program. Meanwhile, Cuomo has reportedly hired lawyers and is preparing to file a lawsuit against CNN to…
Amazon Plans To Open Department Stores, But Not For Reason You Think, Report Says Amazon Plans To Open Department Stores, But Not For Reason You Think, Report Says
Amazon Plans To Open Department Stores, But Not For Reason You Think, Report Says After crushing brick-and-mortar retailers across the country, Amazon is now reportedly taking its shot at the department store game. The online retail giant, which currently manages a handful of small Amazon-branded stores, is looking to expand its offline shopping options is thinking bigger, with department store plans reportedly in the works. According to the Wall Street Journal, Amazon is looking to open locations smaller than traditional department stores, following the playbook set forth by Aldi and Trader Joe’s, with a heavy emphasis on private-label goods from Amazon. If the plan co…
COVID-19: Some Companies Exploring If Four-Day Work Week Could Increase Productivity COVID-19: Some Companies Exploring If Four-Day Work Week Could Increase Productivity
Covid-19: Some Companies Exploring If Four-Day Work Week Could Increase Productivity Some companies in the United States have begun exploring the possibility of switching to a four-day workweek as the COVID-19 pandemic has caused changes in the way many Americans work. One of the companies planning to pilot a four-day workweek is Kickstarter. The company announced that next year it plans to pilot the shorter workweek while keeping pay the same for employees, according to the Wall Street Journal. The chief executive of the company said he hopes staff will remain just as productive while having more time to focus on their life outside of work. A study in Iceland found that c…
COVID-19: Cuomo To Get $5M For Book On Pandemic, Tax Records Reveal COVID-19: Cuomo To Get $5M For Book On Pandemic, Tax Records Reveal
Covid-19: Cuomo To Get $5M For Book On Pandemic, Tax Records Reveal New York Gov. Andrew Cuomo will cash in on his book about leadership during the COVID-19 pandemic to the tune of more than $5 million. Cuomo, who has drawn criticism for patting his administration on the back by writing the book during the height of the outbreak, disclosed that he was paid a $3.1 million advance to write “American Crisis: Leadership Lessons from the COVID-19 Pandemic,” and will pocket another $2 million over the next two years on the book. Cuomo, who has come under fire for underreporting COVID deaths in nursing homes and then attempting to have his administration cover it…
Here's How Tech Will Make Sex, Intimacy Both Better And Worse, Report Says Here's How Tech Will Make Sex, Intimacy Both Better And Worse, Report Says
Here's How Tech Will Make Sex, Intimacy Both Better And Worse, Report Says The future of sex is technology and we’re likely going to see “sextech” creeping into bedrooms everywhere in the next 10-20 years. Justin Lehmiller, a social psychologist and research fellow at the Kinsey Institute for sexual behavior studies, recently sat down with the host of “The Future of Everything” podcast to talk about how advances like virtual reality and robots may become regular components of sex. Sextech has the potential to improve people’s sex lives, Lehmiller said, as well as breach privacy and consent standards. Among current sextech on the market are sex robots, hands-fre…
Trump Organization Hires Criminal Defense Attorney As Investigations Heat Up Trump Organization Hires Criminal Defense Attorney As Investigations Heat Up
Trump Organization Hires Criminal Defense Attorney As Investigations Heat Up The Trump organization has hired a veteran criminal defense attorney to represent it in Manhattan as investigations into the former president’s business dealings heat up. Donald Fischetti, the 84-year-old Manhattan lawyer who has represented celebrities, congressmen, state Senators, and other high-profile clients, was retained this week by the Trump Organization to represent his organization. Former Fischetti clients include South Carolina state Sen. Albert Carmichael Jr., who was convicted of buying votes during a 1980 Democratic primary, and former U.S. Congressman Robert Garcia and his …
IRS Planning To Delay April 15 Tax Deadline, Reports Say IRS Planning To Delay April 15 Tax Deadline, Reports Say
IRS Planning To Delay April 15 Tax Deadline, Reports Say For the second straight year, the Internal Revenue Service is expected to extend the tax deadline by at least a month, according to multiple reports. Bloomberg, CNBC, the Wall Street Journal, and Washington Post all reported on Wednesday afternoon, March 17 that the IRS is expected to push the tax deadline until mid-May, not April 15, though no official statement has been made. Tax season was delayed from the get-go as the IRS began to accept and process tax returns on Feb. 12, which was a two-week delay. A filing extension would give taxpayers additional breathing room to meet their tax …
NBC New York Reporter Katherine Creag Dies Suddenly At 47 NBC New York Reporter Katherine Creag Dies Suddenly At 47
NBC New York Reporter Katherine Creag Dies Suddenly At 47 A popular NBC New York reporter has died at age 47, the station announced. Katherine Creag, who was working as recently as Wednesday, Feb. 10, died unexpectedly later that night from unknown causes. 

“For 10 years Kat was one of our cornerstones, always willing to help in any situation, whether it was a colleague in need of a shift that needed to be covered,” WNBC’s Vice President of news, Amy Morris, said in an email to the staff this week. “She was thoughtful, funny, and relentless. And even on the toughest days, she was a bright light, quick with a kind word and a smile.” Born in the…
COVID-19: Pandemic Leads To Emergence Of Remote Co-Living Spaces COVID-19: Pandemic Leads To Emergence Of Remote Co-Living Spaces
Covid-19: Pandemic Leads To Emergence Of Remote Co-Living Spaces An odd blend of community and isolation is springing up amid the COVID-19 pandemic as people seek to work remotely from interesting spaces. Young professionals who fled big cities at the start of the pandemic in early 2020 are more and more choosing to live in the type of real estate geared toward communal living, according to a Wall Street Journal report. “Many of those who left were seeking fresh air, more space and distance from infection clusters, but they also found the prospect of being isolated in the country daunting,” the article noted. Now shared vacation homes, farms and conve…
Mariano Rivera's Westchester Home Listed For $3.995M, Report Says Mariano Rivera's Westchester Home Listed For $3.995M, Report Says
Mariano Rivera's Westchester Home Listed For $3.995M, Report Says After closing out games for the New York Yankees for nearly two decades, Hall of Famer Mariano Rivera is looking to find a buyer and close on a deal for his Westchester home. Rivera, the all-time MLB saves leader, has listed his massive 13,000-square-foot Rye residence on the market for $3.995 million, well below the $5.7 million he paid when he purchased it in 2006, according to the Wall Street Journal. The nine-bedroom, 8.5-bathroom mansion on Brook View Lane is being listed by Compass. It sits on a 1.17-acre lot with a front gate, four-car garage, pool, billiards room, basketball court, …
LOOK INSIDE: Jeffrey Epstein's NYC Townhouse, Florida Mansion Hit Real Estate Market LOOK INSIDE: Jeffrey Epstein's NYC Townhouse, Florida Mansion Hit Real Estate Market
Look Inside: Jeffrey Epstein's NYC Townhouse, Florida Mansion Hit Real Estate Market You can have Jeffrey Epstein's Manhattan townhouse or Florida mansion -- both have hit the market for a combined asking price of $110 million. Listed by Adam Modlin of the Modlin Group, Epstein's townhouse at 9 E. 71st St. is listed at $88 million, while his sprawling Palm Beach estate will ask $21,995 million, the Wall Street Journal reports. The East Side townhouse -- otherwise known as "The Herbert N. Straus Mansion -- is the largest single-family home in all of New York City, spanning 28,000 square feet and standing 7 levels tall, its Zillow listing says. It overlooks the Frick Museum…
COVID-19: Larger Families Have Seen More Cases Of Virus, New Study Reveals COVID-19: Larger Families Have Seen More Cases Of Virus, New Study Reveals
Covid-19: Larger Families Have Seen More Cases Of Virus, New Study Reveals The novel coronavirus (COVID-19) outbreak not only targets densely packed cities and towns, but it also attacks poorer and rural communities where larger families live in smaller houses. A new study from the Wall Street Journal, which analyzed each of the countries 1,487 counties with at least 50 COVID-19 cases as of Sunday, June 7, found that the virus has been “stalking” households with families of more than five. "Across the country, the virus has spread more widely in places with the most crowded households, not necessarily places with the largest or densest populations,” the analysts s…
Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase
Chocolate Price Hike Could Be Coming: 'Cocoa Cartel' Nations Agree On Increase The “cocoa cartel” may be coming to cause the cost of chocolate to spike nationwide, according to reports. A new report from the Wall Street Journal found that two countries that control 60 percent of the worldwide cocoa supply - dubbed the “cocoa cartel” - may soon drive up the cost of chocolate products around the globe. The report states that the Ivory Coast and Ghana are teaming to charge hundreds of dollars more per metric ton of cocoa, which will be put in place later this year. The “cocoa cartel” is expected to charge approximately $400 extra per metric ton, a 16 percent increase. I…
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Thousands of Lowe’s employees will soon be out of a job as the home improvement retail giant reshuffles positions. Lowe’s announced that it is planning to outsource the jobs of maintenance and assembly workers to third-party companies, including workers that put together certain items such as grills and wheelbarrows. The news of layoffs was first reported by the Wall Street Journal. It is unclear exactly how many employees are being laid off, but it is expected to be in the thousands. The company currently employs approximately 300,000 people in 1,725 stores nationwide. The layoffs come a…
Paul Simon's New Canaan Estate Hits Market At $13.9M Paul Simon's New Canaan Estate Hits Market At $13.9M
Paul Simon's New Canaan Estate Hits Market At $13.9M Music legend Paul Simon’s Fairfield County estate can be yours for $13.9 million. The man famed for such hits as “Mrs. Robinson” and “The Sound of Silence” listed his New Canaan property this week for $13.9 million, which is 16 percent less than he purchased it for in 2012, according to the Wall Street Journal. Simon and his wife, singer Edie Brickell raised their three children at the Brookwood Lane estate, which was originally built in 1938. "The first thing we thought when we moved from Manhattan was 'Wow! We have our own park'," Simon said in a statement to the Wall Street Journal. "It…
Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending
Drop In Sales Leaves Some Wondering If Smartphone Era Is Ending Smartphones have been a staple for just over a decade - in fact, the first iPhone debuted 12 years ago.  But smartphone sales are dropping, according to a new report in the Wall Street Journal. Apple CEO Tim Cook recently said that the company expects a lower revenue for the quarter than previously stated. As a result, Apple’s stock experienced a “sharp drop.” The report cites two main factors as the cause of the decline in smartphone sales: the saturation of smartphones in wealthier countries and the increasing costs for the latest models. While it’s not exactly clear where the futu…
Traffic Deaths In NYC Hit 100-Year Low Traffic Deaths In NYC Hit 100-Year Low
Traffic Deaths In NYC Hit 100-Year Low Walking and driving in New York City may be getting safer, according to new statistics that found that traffic deaths are at their lowest number in a century. The New York Transportation Department reported that 196 people were killed in traffic accidents through Dec. 26 last year, an 11 percent decrease from 2017. The mark is the lowest in 100 years, according to the Wall Street Journal. The news, however, came with a caveat; although overall deaths declined, the number of pedestrians killed in traffic increased last year, city officials noted last week. The number is the lowest since the …
Surprise, Surprise: Amazon Plans To Split HQ2 Between Two Cities, One Could Be NYC, Report Says Surprise, Surprise: Amazon Plans To Split HQ2 Between Two Cities, One Could Be NYC, Report Says
Surprise, Surprise: Amazon Plans To Split HQ2 Between Two Cities, One Could Be NYC, Report Says Speculation has swirled since September 2017 when Amazon, the Seattle-based global giant Internet retailer, announced it was seeking proposals from cities and metropolitan areas across North America to compete for its second headquarters. The 500,000 square-foot facility known as HQ2 was expected to include $5 billion in private investment and create as many as 50,000 new high-paying jobs. But now comes a dramatic plot twist. Call it HQ2 times two. The Wall Street Journal is reporting Amazon will evenly split its second headquarters among two cities, dividing the number of jobs …
Toys 'R' Us Will Close All 800 Stores, Affecting 33,000 Jobs Toys 'R' Us Will Close All 800 Stores, Affecting 33,000 Jobs
Toys 'R' Us Will Close All 800 Stores, Affecting 33,000 Jobs Six months after filing for bankruptcy, Toys 'R' Us will close all 800 of its U.S. stores, affecting as many as 33,000 jobs at the 70-year-old toy store chain. The company made the announcement to employees on Wednesday, according to the Wall Street Journal. A company representative confirmed the report, but noted that there would not be an immediate shutdown. Toys 'R' Us was already in the process of closing about 180 stores.  In a conference call with employees, CEO David Brandon cited customers choosing to shop elsewhere and online as one of the main reasons for the closures. Toys 'R'…
Former UConn QB Ousted From White House Post As Trump Personal Assistant Former UConn QB Ousted From White House Post As Trump Personal Assistant
Former UConn QB Ousted From White House Post As Trump Personal Assistant Former University of Connecticut quarterback John McEntee, whose YouTube trick shot video went viral several years ago, has been fired from his position as a personal assistant to President Donald Trump. According to a New York Times report, McEntee was escorted out of the White House after his security clearance was revoked. He will reportedly join Trump's 2020 re-election campaign team as senior adviser. In recent weeks, Gen. John F. Kelly, the White House Chief of Staff, has been clamping down on staffers working without permanent security clearances. CNN reported the failure to gain per…