Twitter owner Elon Musk said the social media company’s advertising revenue has plunged roughly 50%, highlighting his struggle to revive the ailing company after buying it for $44 billion. The stark admission came in response to a comment by another Twitter user who suggested the billionaire form a consortium to …
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Hiring cooled in June as employers put the brakes on hiring amid economic headwinds such as surging borrowing costs. The U.S. added 209,000 jobs last month, the Labor Department reported Friday. That was in line with economists’ expectations for about 205,000 new jobs in June, according to a poll of …
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Beverage company Diageo has severed its relationship with rapper and music producer Sean “Diddy” Combs after he filed a lawsuit against the spirits maker alleging racist handling of his liquor brands. The lawsuit, filed with the New York Supreme Court in Manhattan last month, claims Diageo North America “starved” Combs’ Cîroc …
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As dramatic video showed last week, armored truck guards like the pair who were robbed at gunpoint in Los Angeles have a potentially high-risk job. But how much does it pay? On Saturday, a group of suspects made off with nearly $30,000 contained in two money bags just after the …
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Hiring surged in May, indicating the job market remains resilient despite high interest rates and still-elevated inflation. Employers added 339,000 jobs last month, accelerating the pace of hiring in April, the Labor Department reported Friday. That’s far above economists’ expectations for about 190,000 new jobs. Hiring was broad, with jobs …
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A Florida court has ordered a Burger King franchise to pay nearly $8 million to a customer who allegedly slipped and injured his back at the restaurant. Richard Tulecki, 48, suffered “serious injuries” in 2019 after he slipped on a “wet foreign substance” and fell inside the bathroom at a …
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Target is witnessing a rise in “violent” incidents at its stores that is costing the retailer hundreds of millions each year, CEO Brian Cornell said on Wednesday. The retailer isn’t alone in experiencing an increase in thefts and other problems, Cornell said on a conference call to discuss Target’s most …
Read More »Former President Donald Trump has endured a string of costly legal setbacks that stand to drain his bank account. On Monday, his attorneys said he’s unlikely to secure a bond for the nearly half-billion he and other defendants need to pause a judge’s February ruling in a New York civil fraud case. …
Read More »New York City is adding a new weapon to its crime-fighting arsenal: Apple AirTags. At least some people are eligible to receive the free bluetooth-powered tracking devices to combat a spike in car thefts in the five boroughs, Mayor Eric Adams announced on Sunday. The city will distribute 500 of …
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A group of U.S. tech companies have been accused of trying to game the immigration system by colluding to file multiple applications for individuals in the H-1B visa program that allows companies to hire skilled foreign workers. U.S. Citizenship and Immigration Services said it saw a large increase in the number …
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