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Bloomberg

Real Estate
Historic, 290-Acre NY Estate Hits Market For $25 Million Historic, 290-Acre NY Estate Hits Market For $25 Million
Historic, 290-Acre NY Estate Hits Market For $25 Million A historic mansion in the Hudson Valley that was once lauded by First Lady Eleanor Roosevelt for its “coziness” just hit the market for $25 million. Known as Steen Valetje, the Dutchess County estate, located in Red Hook, sits on 290 acres and offers “breathtaking views of the Hudson River and Catskills beyond,” according to the listing from Compass Real Estate. “A sanctuary of seclusion, and a retreat where friends and family can gather for life's most important celebrations,” the listing says. Built in 1851, the estate was a gift from William Backhouse Astor - once the richest man in Am…

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by Michael Mashburn
News
Whole Foods To Close Stores In Four States, Including Massachusetts Whole Foods To Close Stores In Four States, Including Massachusetts
Whole Foods To Close Stores In Four States, Including Massachusetts Whole Foods will be shuttering the doors of six markets across four states, including one location in the North East, Amazon announced, according to a Bloomberg report. Citing long-term goals, Amazon, which purchased Whole Foods for $13 billion in 2017, confirmed that some stores will soon be closing as they shift their business plan. Stores will be closing in these locations: Brookline, Massachusetts; Montgomery and Mobile, Alabama; Tarzana, California; The Englewood and DePaul neighborhoods of Chicago, Illinois. According to multiple reports, some of the stores could be closing as soon…

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by Zak Failla
News
COVID-19: Expect Increases In Cases Next Weeks Followed By New Fall Surge, Fauci Says COVID-19: Expect Increases In Cases Next Weeks Followed By New Fall Surge, Fauci Says
Covid-19: Expect Increases In Cases Next Weeks Followed By New Fall Surge, Fauci Says A fall COVID-19 surge is likely due to the highly transmissible "stealth Omicron" sub-variant, Dr. Anthony Fauci is now saying. "It is likely that we will see a surge in the fall," Fauci, the director of the National Institute of Allergy and Infectious Diseases and the chief medical advisor to the president, said in an interview with Bloomberg conducted last week. "I would think that we should expect that we are going to see some increase in cases as you get to the colder weather in the fall." The BA.2, more commonly known as “stealth Omicron," now accounts for …

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by Joe Lombardi
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
COVID-19: Apple Indefinitely Delays Return To Offices COVID-19: Apple Indefinitely Delays Return To Offices
Covid-19: Apple Indefinitely Delays Return To Offices Apple Inc. has delayed its deadline for corporate employees to begin returning to the office indefinitely amid the rise in COVID-19 cases, according to a new report. Bloomberg reported that the technology company's Chief Executive Officer Tim Cook told employees on Wednesday, Dec. 15, that Apple is delaying the beginning of its hybrid work pilot "to a date yet to be determined." The news outlet reported that Apple was previously planning to have employees begin returning to work in person in February. Cook said rising cases around the globe and the highly-transmissible new variant are…

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by Nicole Valinote
Politics
Head Of President Biden’s Security Detail Leaving To Take Wall Street Job, Report Says Head Of President Biden’s Security Detail Leaving To Take Wall Street Job, Report Says
Head Of President Biden’s Security Detail Leaving To Take Wall Street Job, Report Says The top person tasked with keeping President Joe Biden safe will be leaving his post for a cushy job on Wall Street, according to multiple reports. David Cho, the head of Biden’s security detail, has been hired by an investment firm after being a part of the Secret Service for more than two decades. The news was first reported by Bloomberg, which cited people close to the situation who are familiar with the matter. It is unclear what firm has plucked Cho away from the White House. Cho was the first Korean American to become a special agent-in-charge of the Secret Service’s Presidential Pr…

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by Zak Failla
Business
Maple Syrup Shortage Prompts Canada To Tap Into Half Of Its Strategic Reserve Maple Syrup Shortage Prompts Canada To Tap Into Half Of Its Strategic Reserve
Maple Syrup Shortage Prompts Canada To Tap Into Half Of Its Strategic Reserve Maple syrup producers in Canada are in a sticky situation, as a shortage has forced them to use a significant portion of their strategic reserve.  Quebec Maple Syrup Producers has used almost 50 million pounds of syrup from its reserve, according to a report from Bloomberg.  That accounts for nearly half of the reserve, the news outlet reported. Quebec Maple Syrup Producers reports that it represents 11,300 maple producers and regulates the production of maple syrup in the province. Quebec is the world's largest producer of maple syrup. CNN Business reported that …

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by Nicole Valinote
Business
COVID-19: Supply-Chain Issues Causing Shortages Of Items At Supermarkets, Other Retailers COVID-19: Supply-Chain Issues Causing Shortages Of Items At Supermarkets, Other Retailers
Covid-19: Supply-Chain Issues Causing Shortages Of Items At Supermarkets, Other Retailers Supply-chain issues related to the COVID-19 pandemic are leading to product shortages in stores across the country. According to a report from Bloomberg, the issues have arisen due to factors including rising COVID-19 cases, rising demand for certain products, and labor shortages. The beverage industry has struggled due to a shortage of packaging, including aluminum cans, the news outlet reported. Other products have seen shortages due to rising demand. Lunchables, Kraft Heinz Co.'s packaged snack products, have been in greater demand as children have returned to school. Bloomberg reporte…

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by Nicole Valinote
News
COVID-19: Infection Surge In World's Most Vaccinated Nation Sparks Search For Answers COVID-19: Infection Surge In World's Most Vaccinated Nation Sparks Search For Answers
Covid-19: Infection Surge In World's Most Vaccinated Nation Sparks Search For Answers One of the world's most vaccinated countries has seen a new rise in COVID-19 cases, forcing researchers to question whether this is a trend or anomaly. Seychelles, a small island country in East Africa that has fully vaccinated the majority of its population, has taken steps to close schools and canceled sports activities for the next two weeks due to a recent surge of the virus. According to Bloomberg, precautionary measures being taken in Seychelles include a ban on the intermingling of households and the early closure of bars, despite the fact that the country has vaccinated more than 6…

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by Zak Failla
News
COVID-19: One Vaccine Dose May Be As Effective As Two For Those Who've Had Virus, Report Says COVID-19: One Vaccine Dose May Be As Effective As Two For Those Who've Had Virus, Report Says
Covid-19: One Vaccine Dose May Be As Effective As Two For Those Who've Had Virus, Report Says New studies have found that Americans receiving the first dose of the two-shot Moderna and Pfizer COVID-19 vaccine may be protected against the spread of the vaccine. According to a Bloomberg report, out of more than 1,000 staff members tested at Cedars-Sinai Medical Center in Los Angeles, many responded to the first dose so robustly that their results were similar to co-workers who received both doses. Research leader Susan Cheng, who co-authored a study published in the Nature Medicine journal, said that those who have already contracted the virus, immune responses after one vaccine have …

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by Zak Failla
News
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 …

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by Zak Failla
News
How Many Have Been Vaccinated In Your State? COVID-19 Vaccination Tracker How Many Have Been Vaccinated In Your State? COVID-19 Vaccination Tracker
How Many Have Been Vaccinated In Your State? Covid-19 Vaccination Tracker More than 550,000 doses of the COVID-19 vaccine have been administered in the U.S. since Monday, Dec. 14, according to a newly created “vaccine tracker.” The number of vaccinations is expected to surge with the Moderna vaccine becoming available. The vaccine being given out now is the one developed by Pfizer and BioNTech - a two-shot treatment that needs to be taken three weeks apart. The first wave of doses - 5.1 million of them - are being distributed this week, Dec. 21. Bloomberg news service is tracking where the vaccines are being administered on a map that is updated multiple times pe…

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by Kristin Palpini