Gap Inc., the major apparel retailer, is reportedly eliminating hundreds of jobs from its global workforce, according to The Wall Street Journal on Tuesday. The news comes as part of a larger set of job cuts announced by the company in April.
US new-home sales unexpectedly increased in March to the highest level in a year, suggesting an easing in mortgage rates is helping the housing market find some footing. A joint report from the US Department of Housing and Urban Development and the US Census Bureau revealed that new home sales rose for the fourth month in a row, with sales of newly constructed homes up 9.6% from February.
3M Co (MMM) announced on Tuesday that it would cut about 6,000 positions globally as the U.S. industrial conglomerate looks to restructure its business amid waning demand and increasing costs. Shares of the St. Paul, Minnesota-based company were up 1.6% at $106.7 premarket.
Clear Secure, Inc. (NYSE: YOU), Grab Holdings Limited (NASDAQ: GRAB), loanDepot, Inc., and Fannie Mae (FNMA/OTCQB) have announced their respective dates for reporting financial results for the first quarter ending March 31, 2023.
US President Joe Biden formally announced his bid for a second term in the White House on Tuesday, despite concerns about his age and potential fitness to serve another four years. The announcement sets up a possible rematch between Biden and former President Donald Trump, who has already declared his candidacy for the Republican nomination.
The U.S. News & World Report has released its 2023-2024 rankings for the best graduate programs in various fields including education, public health, engineering, and more. In this year's list, MIT was ranked No. 4 while Harvard claimed the top spot followed by University of Chicago and Northwestern University of Pennsylvania.
President Joe Biden is beginning a two-day state visit to South Korea, where he will meet with South Korean President Yoon Suk-yeol. The visit comes just weeks after a Pentagon leak revealed that the Biden administration had been eavesdropping on Yoon's government.
A jury will begin hearing E. Jean Carroll’s allegation that former President Donald J. Trump raped her more than two decades ago in a department store dressing room.
Supreme Court Justice Neil Gorsuch has come under scrutiny after selling a property in Colorado to Brian Duffy, the CEO of major law firm Greenberg Traurig. The 3,000-square-foot home in Granby was co-owned by Gorsuch and two partners and sold for $1.825 million just nine days after his Senate confirmation to the high court in April 2017.
President Joe Biden is reportedly preparing to formally announce his intention to run for re-election in 2024 on Tuesday. The announcement, expected via an online video post, comes as recent polls show only 26% of US adults, including Republicans, believe he should seek a second term.
Ocado has announced plans to shut its customer fulfilment centre in Hatfield, Hertfordshire, putting around 2,300 jobs at risk. The closure comes as the online retailer's sales have fallen back after a rise in orders during the pandemic lockdowns when households switched to online grocery shopping and avoided supermarkets.
As today's polls suggest, President Joe Biden is on track to win the next election. Florida Governor Ron DeSantis and former President Donald Trump have potential winning cards, but their ultra-conservative views and isolationism could cost them support in a rematch with Mr. Biden.
Salehe Bembury, a renowned shoe designer and creative mind, has shared with us his incredible journey from growing up in Manhattan to earning an invaluable degree in industrial design. Along the way, he has collaborated with some of the biggest names in fashion before breaking off to establish his own name.
Action Bronson, a renowned chef and author, has successfully navigated his way from culinary school to writing books, starring in TV shows, and building an iconic brand around his favorite interests. In a recent interview, he explained how the lessons he learned in the kitchen translated to other aspects of his life and why he believes that imperfections are the best part of any masterpiece.
Action Bronson, a renowned chef and author, has successfully transitioned from culinary school to writing books, starring in TV shows, and building an iconic brand around his favorite interests. He shares insights on how the lessons he learned in the kitchen translated into other aspects of his life and career, emphasizing that imperfections are essential elements of any masterpiece.
Jes Staley, a former executive at JPMorgan Chase & Co who had ties with the scandal-ridden financier Jeffrey Epstein, has filed a lawsuit against the bank. In his suit, Staley alleges that JPMorgan failed to present any viable claims against him and never explained how his relationship with Epstein caused alleged injuries to the bank.
First Republic Bank customers withdrew more than $100 billion from their accounts in the first three months of the year due to concerns about the health of the global banking system. The bank also announced plans to cut costs by shedding 20% to 25% of its workforce in the coming months.
The University of Hawaii at Manoa (UH Manoa) has officially received clearance to begin construction on a new student housing project. The approximately $156.9 million facility is expected to be completed in time for the fall 2025 semester, according to university officials.
President Joe Biden formally announced his bid for re-election Tuesday, setting off a battle to convince the country his record merits another four years in the White House and that his age won't impede his ability to govern. In a video released early Tuesday, Biden framed next year's contest as a fight against Republican extremism, implicitly arguing he needed more time to fully realize his vow to restore the nation's character.
Former President Donald Trump expressed his shock on Monday following the announcement that Fox News has parted ways with opinion host Tucker Carlson. The dismissal of Carlson comes after the conservative network settled a lawsuit over false claims about the 2020 election.
Memphis-area residents will soon have access to a state-of-the-art funeral home, as the renowned Dignity Memorial Funeral Homes has completed construction on its new multimillion-dollar facility in Collierville. The relocation and modernization project, which cost approximately $4 million, aims to provide an enhanced experience for families seeking professional services during their time of need.
Protestors forced the postponement of Monday's legislative session in Montana's state House following the censure of first-term Democratic transgender lawmaker Zooey Zephyr. The decision came after Zephyr, who identifies as a woman and uses "she/her" pronouns, spoke out against the House GOP's efforts to curb gender reassignment surgeries for minors last Tuesday.
North Dakota has become the latest state to enact a near-total ban on abortion, just one month after the State Supreme Court temporarily blocked a similar ban from taking effect. The new law, which takes immediate effect, is a dramatic shift for the state, where abortions had been legal up until 22 weeks of pregnancy.
South Korea's economy exhibited a stronger than expected growth in the first quarter of this year, providing the central bank with more leeway to maintain its balancing act between managing inflation and fostering economic growth. The country's gross domestic product (GDP) increased by 0.3% in Q1, bouncing back from a contraction of 0.4% during the last three months of 2022.
Sen. Steve Daines (R-Mont), head of the National Republican Senatorial Committee, announced his endorsement of Donald Trump's 2024 presidential bid on Monday. The endorsement is a significant victory for the former president's efforts to return to the White House and highlights a departure from top Senate Republicans' stance towards Trump.
Ben Forest, a well-respected member of the Red Bank Board of Education and representative to the RiverCenter business organization, has announced his intention to run for mayor and council positions in the upcoming May elections. This follows Red Bank's recent charter change to a nonpartisan Council/Manager form of government, which was approved by an overwhelming majority during last November's election.
Senator Steve Daines (R-Mont.), the head of the National Republican Senatorial Committee (NRSC), has endorsed former President Donald Trump for President of the United States in a bid to help Republicans win back the Senate in 2024. The endorsement comes as part of ongoing discussions between Daines and Trump, including contact with Trump's eldest son.
Tucker Carlson, the host of Tucker Carlson Tonight, has been dismissed from Fox News after two controversies in his years at the network. The dismissal comes amid a series of high-stakes and legal battles emanating from Fox’s postelection campaign to placate Mr. Trump's base and win back viewers who believed that his defeat was a sham.
The United States Senate is scheduled to vote this week on the Equal Rights Amendment (ERA), a proposed change to the Constitution that would guarantee equal rights under the law regardless of sex, marking 100 years since its introduction in Congress. The ERA must receive a two-thirds majority vote in both houses of Congress and be ratified by three-fourths of states before it can become part of the Constitution.
The United States Army has been accused of altering its terms of service guidelines and denying soldiers their scheduled discharges, according to a letter signed by 61 aviation officers. The letter alleges that the Army is attempting to add three years of service to the original seven or eight years promised by the airmen.
CoinCoinactive Global Inc, the largest U.S. cryptocurrency exchange, has taken a bold step by filing a lawsuit against the Securities and Exchange Commission (SEC) for not publicly sharing its answer to a months-old petition. The petition in question concerns whether the crypto industry should be regulated using existing SEC frameworks.