Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York
Billionaire whose family trust owns the Tottenham Hotspur soccer club pleads guilty to insider trading in New York
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Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year…
NY restaurant owners say messing with rules on tipping will mean higher menu prices, possible layoffs: survey
New York restaurant owners have a tip for lawmakers: don’t change the rules about wait staff gratuity. A whopping 95% of restaurateurs oppose a legislative campaign to eliminate the tip credit system that allows owners to pay wait staff who earn tips less than minimum wage, according to a new survey by the NYC Hospitality…
Collision of gas truck and car in Mongolia sets off explosions that kill 3 firefighters
ULAANBAATAR, Mongolia — A truck carrying 60 tons of liquefied natural gas and a car collided at an intersection in the Mongolian capital early Wednesday, causing a massive fireball and a series of explosions that killed three firefighters and injured 11 people, officials said. Images showed the huge blaze at the scene of the crash…
Biden Cancels Another $5 Billion in Student Loan Debt
President Biden on Friday canceled nearly $5 billion in student loan debt for 74,000 people, the latest effort by the administration to deliver piecemeal relief after the Supreme Court struck down Mr. Biden’s more ambitious loan cancellation plan last year. Most of the people who will benefit from the latest round are teachers, nurses, firefighters…
Longtime Applebee’s franchise owner sells 21 restaurants in NYC area for $140M
Outspoken Applebee’s franchise owner Zane Tankel sold off the majority of his restaurant portfolio to a longtime rival in a $140 million deal. The 83-year-old Tankel, who owned 23 Applebee’s Grill & Bar eateries in the New York City area, agreed to part with 21 of them in the deal with New Jersey-based Doherty Enterprises…
Spirit shares sink after JetBlue casts doubt on $3.8B merger
JetBlue Airways on Friday expressed doubts over closing its $3.8 billion merger with Spirit Airlines, saying that it might not meet certain conditions required as part of the deal before the due date. Shares of Spirit tumbled 17% after the announcement, adding to their losses of about 55% this month that were sparked by a US judge’s…