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Wall Street Journal

Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…

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by Chris Spiker
Business
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says
Meta Drops Fact-Checking Program Ahead Of Trump's White House Return, Company Says Meta is dismantling its third-party fact-checking program in the U.S. and aims to bring back political content as President-elect Donald Trump prepares to return to the White House, the company said. Meta CEO Mark Zuckerberg announced the changes in a video statement on Tuesday, Jan. 7. The company that owns Facebook, Instagram, WhatsApp, and Threads, will replace its fact-checking program with a Community Notes system similar to the one implemented on X (formerly Twitter). Zuckerberg said the new system's goal is to reduce bias and restore free expression. "Fact-checkers have be…

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by Chris Spiker
Business
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.

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by Joe Lombardi
Real Estate
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 …

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by Sophie Grieser
Real Estate
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…

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by Khier Casino
Business
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…

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by Joe Lombardi
Real Estate
Northern Westchester's Richard Gere Identified As Buyer Of Paul Simon's Fairfield County Estate Northern Westchester's Richard Gere Identified As Buyer Of Paul Simon's Fairfield County Estate
Northern Westchester's Richard Gere Identified As Buyer Of Paul Simon's Fairfield County 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…

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by Joe Lombardi
News
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…

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by Joe Lombardi
Weather
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…

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by Joe Lombardi
Real Estate
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 …

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by Joe Lombardi
Real Estate
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…

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by Joe Lombardi
Events
Pittsburgh's Brooke Annibale Bringing 'Bigger, Bolder Sound' To Western Mass Pittsburgh's Brooke Annibale Bringing 'Bigger, Bolder Sound' To Western Mass
Pittsburgh's Brooke Annibale Bringing 'Bigger, Bolder Sound' To Western Mass In a world where tens of thousands of songs come out per day, one pop-folk singer/songwriter hopes her sound will be the one to stand out among the crowd.   Brooke Annibale has been professionally releasing music since she was 23 years old but finally feels like she's in a place where everything is coming together. The now 34-year-old artist will be performing at MASS MoCA in North Adams for the first time on July 2 and says she's been waiting for this moment for a while.  "Any shows right now are things that I'm really looking forward to because for two solid years, there weren't a lot of…

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by David Cifarelli
Politics
'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…

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by Zak Failla
Business
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 …

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by Nicole Valinote
Business
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…

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by Zak Failla
Business
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…

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by Zak Failla