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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.
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…
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…
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…
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…
'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 …
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…