Donald Trump storms out of court as closing arguments begin in the E. Jean Carroll defamation trial in New York
Donald Trump storms out of court as closing arguments begin in the E. Jean Carroll defamation trial in New York
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US applications for jobless benefits rise, but layoffs remain at historically low levels
More Americans filed jobless benefits last week but layoffs remain at historically low levels despite elevated interest rates and a flurry of job cuts in the media and technology sectors. Applications for unemployment benefits rose to 214,000 for the week ending Jan. 20, an increase of 25,000 from the previous week, the Labor Department reported…
What to do if you’re concerned you might be laid off — or if you’ve lost your job
NEW YORK — Recent mass layoffs from technology and media companies, including eBay, Riot Games and the Los Angeles Times, might have you thinking about your job security. If you’re worried you could be laid off — or if you’ve lost your job — personal finance professionals and career advisers have recommendations for how to…
Turkey’s central bank hikes key interest rate again to 45% to battle inflation
ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December. The bank brought its benchmark rate to 45%. It’s the eighth interest rate hike since President Recep Tayyip Erdogan has…
Detroit Lions playoff tickets sell for as much as $17K each
The surprise resurgence of the Detroit Lions — for decades a perennial NFL laughingstock — has fans clamoring for a chance to see the team when it hosts the Tampa Bay Buccaneers for the NFC Divisional Round playoff game on Sunday. Secondhand ticket-selling websites are listing passes to the game at Detroit’s Ford Field for…
H&M pulls ad featuring young girls in school uniforms
H&M pulled an ad for school uniforms that featured two young schoolgirls with the tag line “make those heads turn” after being accused of “promoting pedophilia.” The $29.99 school dresses from the Swedish retailer were part of a sponsored ad on social media in Australia. The promo shows two young girls who appear to be…
Wayfair lays off 13% of workers after CEO told staff to work more
Struggling online retailer Wayfair on Friday said it will slash around 1,650 employees — or 13% of its global workforce of roughly 14,000 — just weeks after its billionaire CEO caused a stir by saying workers should log longer hours. Niraj Shah, the boss of the Boston-based furniture-selling e-commerce site, said the company needed to…