Jobless claims hit 3-month low as labor market stays tight
The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market...
Bed Bath & Beyond shares plunge after bankruptcy warning
Struggling Bed Bath & Beyond warned on Thursday that there’s substantial doubt about the company’s ability to continue as a “going concern” as sales continue...
NYC schools block access to ChatGPT over cheating concerns
New York City’s Department of Education has banned ChatGPT from school devices and networks due to concerns that the controversial artificial-intelligence tool will fuel cheating...
Amazon cutting 17,000 jobs — 7,000 more than planned: report
Amazon is planning to lay off more than 17,000 workers, 7,000 more than initially expected, the Wall Street Journal reported on Wednesday. The e-commerce giant, helmed by CEO...
United Furniture lenders reveal chaos surrounding 2,700 layoffs
Lenders to United Furniture Industries claimed in court filings they were blindsided by the company’s pre-Thanksgiving move to abruptly fire its 2,700 employees in the...
James Dolan eyes sale of Tao nightclub and restaurant empire
Billionaire James Dolan has quietly moved to auction off the upscale Tao nightclub and restaurant chain — a move that insiders said looks like a...
Neel Kashkari sees Fed’s target interest rate peaking at 5.4%
The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has peaked, Minneapolis...
Kevin McCarthy getting ‘wedgie’ from Republican ‘kooks’
Left-leaning shock jock Howard Stern blamed Republican “kooks” for derailing Rep. Kevin McCarthy’s bid to become House Speaker. Stern likened the California congressman to a...
Fox Corp., News Corp will stay at Midtown HQ for another 20 years
If “work from home” is the future trend, home will mean 1211 Sixth Avenue for Fox Corp. and News Corp for 20 more years to...
Fed officials agreed on smaller December rate hike: minutes
All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the central bank should slow the pace of its aggressive interest rate increases, allowing them...