Macy’s to cut more than 2,300 jobs, about 3.5% of its workforce, and close five stores
The legacy department store Macy’s aims to trim costs and turn around slowing sales.
World
At least 10 civilians dead in suspected Jordanian air raids in Syria
The attack marks the latest effort to disrupt drug trafficking into Jordan, but residents warn…
Nelson Peltz is launching a blitz on Disney. Here’s what he says is next in his proxy fight
Trian Fund Management will amp up its case to get Nelson Peltz and Jay Rasulo…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
The Atlanta Fed president said a “golden path” economic scenario is getting closer than many…
US Justice Dept says ‘critical failures’ in Uvalde school shooting response
Report cites failed communication and leadership in police response to mass shooting at Robb Elementary…
Nelson Peltz states his case for joining the Disney board
The proxy battle comes as CEO Bob Iger tries to streamline the sprawling media company…
Failed JetBlue buyout leaves Spirit Airlines with a tough path forward
Spirit, whose last profitable year was 2019, had challenges even before the ruling including grounded…
‘Libya is hell’ 126 refugees rescued in the Mediterranean say
A boat in distress was intercepted by a rescue ship, saving 126 people, including 30…
OpenAI CEO Sam Altman says ChatGPT doesn’t need New York Times data amid lawsuit
OpenAI boss Sam Altman said his company wanted to pay the outlet “a lot of…
Deutsche Bank CEO says acquisitions not a ‘priority’ as Commerzbank rumors swirl
Deutsche Bank CEO Christian Sewing said that merger and acquisition activity is not a priority,…
Israel’s ban on Palestinian workers is causing supply shocks to its economy: central bank governor
More than 150,000 Palestinian workers from the occupied West Bank entered Israel daily for work…
Somalia rejects mediation with Ethiopia gov’t over Somaliland port deal
The Ethiopia-Somalia feud continues with Mogadishu claiming its territorial integrity has been violated by the…
Google CEO says more job cuts are needed in 2024 in order to reach ‘ambitious goals’
Google CEO Sundar Pichai told employees in a memo on Wednesday that more job cuts…
Watches of Switzerland shares plunge 30% after guidance cut
Watches of Switzerland shares plummeted on Thursday morning after the luxury watch retailer cut its…
Israel’s war on Gaza: List of key events, day 104
Medical aid enters Gaza while deadly Israeli strikes continue on the south of the enclave.
Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase…
TSMC beats profit and revenue expectations in the fourth quarter
The world’s largest contract chipmaker TSMC on Thursday posted better-than-expected profit and revenue for the…
China launches a security review of Shein. Here’s what it means for its IPO
China’s powerful internet regulator is conducting a security review of Shein as the fast-fashion giant…
Singapore transport minister S Iswaran resigns; faces charges of corruption
Singapore’s transport minister S Iswaran has resigned after he was formally informed of charges, including…
Singapore’s transport minister S Iswaran resigns; faces charges of corruption
Singapore’s transport minister S Iswaran has resigned after he was formally informed of charges, including…
