China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
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A New York dancer with a severe peanut allergy has died from eating mislabeled cookies
HARTFORD, Conn. — A 25-year-old professional dancer from England who moved to New York City to pursue her career has died after eating a mislabeled cookie containing peanuts, part of a batch that has since been recalled. The grocery retailer Stew Leonard’s announced Tuesday that Vanilla Florentine Cookies sold in its stores in Danbury and…
For Long-Term Stock Investors, This Market Peak Won’t Matter
Once that’s done, though, what isn’t important, in the larger scheme of things, is timing market peaks and troughs. During the great financial crisis, for example, I spent an inordinate amount of time as a journalist speaking with so-called experts about when they thought the stock market would rise or fall. In retrospect, I believe…
Arkhouse confirms $5.8 billion proposal to take Macy’s private
Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse confirmed on Sunday. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21…
NJ Transit scraps plan for gas-fired backup power plant, heartening environmental justice advocates
New Jersey’s public transit agency said Friday it is scrapping plans for a backup power plant that would have been fueled by natural gas, heartening environmental justice advocates who targeted it and several other power plants in largely minority areas. NJ Transit said it is redirecting $503 million in federal funding that would have been…
JPMorgan CEO Jamie Dimon shuffles top bosses as Wall Street focuses on succession
JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing….
Deepfake explicit images of Taylor Swift spread on social media. Her fans are fighting back
NEW YORK — Pornographic deepfake images of Taylor Swift are circulating online, making the singer the most famous victim of a scourge that tech platforms and anti-abuse groups have struggled to fix. Sexually explicit and abusive fake images of Swift began circulating widely this week on the social media platform X. Her ardent fanbase of…