CNN boss Chris Licht guts HLN amid cost-cutting bloodbath
CNN boss Chris Licht has gutted sister network HLN, terminating all live programming as part of ongoing layoffs and budget cuts. Licht slashed HLN’s “Morning...
Mortgage rates fall for third straight week
The average long-term US mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a...
Morgan Stanley CEO James Gorman making ‘modest’ job cuts
Morgan Stanley is making modest job cuts across the globe, Chief Executive James Gorman said, as Wall Street comes under pressure with dealmaking slowing down. “Some people...
Tyson Foods CFO pleads not guilty to public intoxication, trespassing
Tyson Foods Chief Financial Officer John R. Tyson pleaded not guilty to charges of criminal trespassing and public intoxication on Thursday – despite being caught...
Jobless claims fall by 16,000 after surging a week earlier
Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26. That unwound some of the surge in the prior...
Florida yanks $2B from ‘woke’ BlackRock over ‘social-engineering’
Florida said Thursday it has begun to divest $2 billion in funds overseen by BlackRock — a sharp rebuke of the giant asset manager’s investing...
Fed inflation gauge shows October prices eased to 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s...
Dow, stocks tumble despite signs of easing inflation
The Dow fell nearly 200 points in uneven trading on Wall Street Thursday and bond yields pulled back after the government reported that a measure...
Sam Bankman-Fried rejects Bernie Madoff comparison, squirms during tense interview
Disgraced FTX founder Sam Bankman-Fried pushed back on critics who have compared him to the late Ponzi schemer Bernie Madoff, even as he deflected questions...
Elon Musk expects Neuralink brain chip to begin human trials in 6 months
Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after...