Barclays bank cut 5,000 jobs in cost-saving drive
The reduction is much higher than previously reported and a quarter of the cuts will take place in the UK.
Alaskan Airlines flight 1282: Key questions behind door plug blowout
The NTSB is carrying out a full investigation. This will involve, for example, examining the plane itself, the lost door (which has now been found in a back garden in Oregon), the contents of the flight data recorder and maintenance records, as well as interviewing flight crew, maintenance staff and employees of Boeing and Spirit…
Bill Ackman addresses wife Neri Oxman’s ties to Jeffrey Epstein, Brad Pitt
Bill Ackman addressed his wife Neri Oxman’s reported connections to late pedophile Jeffrey Epstein and Brad Pitt — claiming in both cases that they were thin and fleeting at best. “Neri’s lab received $150k from Epstein,” Ackman shared to X, referring to Oxman’s time working at MIT, between 2017 and 2021, when she left to…
US $34 trillion national debt is ‘boiling frog’ scenario for economy: analyst
The country’s soaring national debt — which recently surpassed a record-high $34 trillion — is akin to a “boiling frog” for the economy and Wall Street investors, a senior analyst at JPMorgan Chase warned. Michael Cembalest, who runs JPMorgan’s market and investment strategy unit in the bank’s asset management division, predicted dire consequences for the…
Hold off on filing taxes — there are two breaks that could be introduced before Tax Day
Taxpayers may want to delay filing their returns closer to the April 15 deadline as Congress negotiates a $100 billion bill that could offer breaks to both parents and businesses, experts said. The bipartisan group, led by Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Jason Smith (R-Mo.), is wrangling over restoring some…
Boeing issues 737 Max 9 inspection instructions, a key step toward resuming flights
The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024. NTSB | Via Reuters Boeing has given airlines instructions on…
Mortgage rate decline pulls buyers back into the housing market
A sharp drop in mortgage interest rates in December may have kickstarted this year’s spring housing market early. Rates are about a full percentage point lower than they were in October, and consumers expect they will fall even more. Optimism about mortgage rates increased sharply in December, according to a monthly consumer survey by Fannie…
Pharrell Williams has trouble parallel parking Tesla Cybertruck, so he has valet do it
Pharrell Williams rolled up to a Louis Vuitton store in Miami in a Tesla Cybertruck, but the “Happy” singer was left with a frown after failing to parallel park the futuristic-looking electric vehicle. The award-winning producer attempted to squeeze the unwieldy, 18.5-foot-long stainless steel SUV between two cars for about 10 minutes between finally tossing…
Bill Ackman claims he has ‘good reason to believe’ MIT behind plagiarism allegations against his wife
Bill Ackman says he has “good reason to believe” plagiarism allegations against his wife, former tenured Massachusetts Institute of Technology professor Neri Oxman, came from an inside source at the esteemed university. Business Insider expanded its investigation into Oxman’s 2010 MIT doctoral dissertation on Friday, finding that aside from the four paragraphs of improperly-cited information…
WFAN parent Audacy files for bankruptcy as advertising plummets
WFAN parent Audacy has filed for bankruptcy protection amid a slump in advertising revenue. The Philadelphia-based company, which oversees major podcast and radio operations and has acquired CBS Radio, said it has filed a Chapter 11 petition in the US Bankruptcy Court for the Southern District of Texas after a restructuring agreement with a majority of its debtholders….
