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…
Jeff Bezos made a splashy, $100 million pledge to help rebuild Maui after it was devastated by wildfires in August — but local officials and nonprofits alike are reportedly puzzled about where the funds may have gone. According to a Bloomberg report published Thursday, Bezos and his fiancée, Lauren Sanchez, have given out just $15.5 million of…
Sales of previously occupied US homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades and prices hit record highs, pushing homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing US home sales totaled 4.09 million…
A new year can be full of fresh resolutions and prosperous opportunities – but how does 2024 fare if you’re looking for a new job? Three career experts and coaches spoke to FOX News Digital explaining how to navigate a market that’s “fierce” with competition, looming with layoffs and pending impact from the Federal Reserve rate…
Unionized Los Angeles Times staffers are launching a one-day strike Friday — the first walkout in the newspaper’s 142-year history — in response to imminent “significant” layoffs. The Los Angeles Times Guild, which represents roughly 400 editorial employees, called for the walkout after management announced cuts Thursday that could whack as much as 20% of…
Ford Motor said Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles softens. The No. 2 US automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts…
Artificial intelligence experts are raising alarms after Mark Zuckerberg said Meta plans to make advanced AI tools “widely available” to the public — despite warnings they could eventually pose a threat to humanity. In a video posted to his Facebook account, Zuckerberg said the development and widespread release of artificial “general intelligence” — typically meaning…
JPMorgan’s board awarded chief executive Jamie Dimon a 4.3% raise in 2023, lifting his annual pay to $36 million after the bank posted record profits for the fiscal year. The board granted Dimon a $1.5 million salary and $34.5 million of performance-based incentive compensation, according to a regulatory filing Thursday reviewed by Bloomberg. The 67-year-old’s compensation marks…
A 28-year-old obstacle course racer claimed she was rushed to the emergency room after suffering heart problems caused by a popular beverage from Panera Bread that is said to contain as much caffeine as three cans of Red Bull, according to a lawsuit. Lauren Skerritt, a Smithfield, R.I. resident, became the third person to sue…
A proposed tax that would help fund new stadiums for the Super Bowl champion Kansas City Chiefs and baseball’s Kansas City Royals was shot down by a local Missouri legislator. Jackson County Executive Frank White vetoed an ordinance Thursday that would have put a 3/8th-cent sales tax renewal on the April ballot to fund the…
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