Manhattan retail vacancies abound despite hype from brokers, biz districts
It would be more truthful to say that food, fitness, laser salons and walk-in pet clinics only saved the market from utter calamity.
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Citigroup to ax 1,000 jobs this week as part of massive restructuring plan: report
Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce by 20,000 by the end of this year.
Why are more bosses sharing the top job?
More bosses are sharing the top job giving them more time for family and breaks.
Warner Bros. Discovery mocks Paramount Skydance’s merger ‘gimmicks’ as it seeks sweetened bid: sources
The chatter comes as the brain trust at Paramount Skydance – run by Hollywood director David Ellison and his mega billionaire father Larry Ellison – announced they are launching a proxy fight for control of the board and filing a lawsuit in Delaware.
Trump announces 25% tariff on countries doing business with Iran
Trump says the new levy is "effective immediately" as anti-government protests in Iran enter a third week.
Saks Global’s bankruptcy filing could come Tuesday — but fate of prized real estate up in air
“Two deals are being negotiated right now, but the fact that Saks Global cannot outright sell the names of the retailers is problematic for a purchaser,” said Joseph Sarachek, a restructuring attorney.
Trump warns of 'mess' ahead of legal ruling on tariffs
The Supreme Court's decision on Trump's trade strategy could come as soon as Wednesday.
Trump appears to blank on $2K tariff checks he promised Americans: ‘When did I do that?’
He quickly backpedaled, though this time he said the checks would probably be sent out toward the end of the year – after earlier vowing to send them ahead of the 2026 midterm elections.
UK probes X over Grok AI chatbot’s sexualized images while Elon Musk blasts ‘fascist’ government
The United Kingdom’s online watchdog launched a formal investigation Monday into Elon Musk’s X over sexualized pictures created by its Grok chatbot – just two days after the billionaire accused the UK’s government of being “fascist.”
Members of Congress, families would be banned from trading stocks under GOP lawmaker’s bill
Several bills to ban stock trading in Congress have been put forward in recent years, though none have been enacted into law.
Mortgage rates fall below 6% for first time since 2023 after Trump orders $200B bond buying
The average rate for a 30-year fixed residential mortgage fell to 5.87% on Monday, according to Zillow. Rates had dipped to 5.99% on Friday – its first time below 6% since February 2023, according to Mortgage News Daily.
Job applicants are winning the AI arms race against recruiters
Companies have been hit by a wave of chatbot-generated applications
Financial stocks fall as investors get jittery over Trump’s call for one-year 10% credit card interest cap
Shares of Capital One plunged more than 7%, while Citigroup slid over 3% and JPMorgan Chase fell about 2%.
Meta warns Australia’s under-16 social media ban isn’t effective — after banning nearly 550K accounts
The tech giant said it removed 544,052 suspected under-16 accounts across Instagram, Facebook and Threads between Dec. 4 and Dec. 11.
X could 'lose right to self regulate', says Starmer
It is currently illegal to share deepfakes, but the law against creating them has not yet come into force.
Paramount escalates hostile bid for Warner Bros. Discovery with proxy fight, lawsuit
Paramount accused WBD’s board of breaching fiduciary duties by refusing to engage with what it calls a financially superior proposal.
GOP Sen. Thom Tillis says he will block any of Trump’s Fed picks over investigation into Powell
That’s a substantial threat to any of Trump’s picks to lead the Fed or replace potential retirees, since the banking committee – which counts Tillis as a member – includes 13 Republicans and 11 Democrats.
Former Fed chairs condemn criminal investigation into Jerome Powell
Three former heads of the central bank say the probe seeks to undermine the Fed's independence and "has no place" in the US.
Instagram denies breach after many receive emails asking to reset password
The social media platform has said there was "no breach of its systems" but questions remain.
Heineken CEO Dolf van den Brink to step down after nearly six years at the helm
The Dutch brewer said Monday that van den Brink will leave at the end of May after deciding it was the "right time to hand over his responsibilities."
US stocks slide, gold surges after DOJ opens criminal probe into Fed Chair Jerome Powell
Dow futures tumbled more than 350 points, with the blue-chip contract down 357 points, or 0.72%, while S&P 500 futures slid 39.75 points.
Meta taps Wall Street dealmaker Dina Powell McCormick as company’s first president
Meta has landed one of Wall Street's most connected dealmakers as it expands its AI growth.
Faisal Islam: Trump faces extraordinary moment in spat with Fed chair
Jerome Powell's public response to a DoJ investigation could be a seismic moment for Donald Trump's presidency.
Library runs coffee mornings to tackle isolation
The sessions are an opportunity for people to connect but also for people who do not wish to chat.
Heineken boss steps down as beer sales slow
The move to low and no-alcohol has led to falling sales at the brewing giant.
UK set for a 'booming' mortgage market, say analysts
Competition among lenders in the UK suggests that rates could be cut in the coming weeks.
Ofcom investigates Elon Musk's X over Grok AI sexual deepfakes
The watchdog said it had received reports of the platform's Grok AI chatbot creating undressed images of people.
Trump plan to cap credit card costs hits bank shares
The US president has called for interest rates on credit cards to be capped at 10% for one year.
Gov. Hochul wants NY AI, data centers to pay more as they tax energy grid
AI data centers that devour huge amounts of energy will be required to pay more for electricity to prevent sticker shock on regular customers, Gov. Kathy Hochul said.
Afraid to ask for a raise? How to get past the anxiety and land your dream salary
There are five essential steps to overcoming jitters and negotiating your raise.
Vets under corporate pressure to increase revenue, BBC told
Questions have been raised about whether the pet-care market is giving customers value for money.
