Donald Trump ‘s presidential campaign said Tuesday it would begin accepting donations in cryptocurrency as part of an effort to build what it calls a “crypto army” leading up to Election Day. The Trump campaign launched a fundraising page that allows “any federally permissible donor the ability to give” to its political committees using any […]
Continue ReadingCategory Archives: Financial
Jobless Claims Drop
Jobless claims drop to 3-week low of 230,000. Still no sign of rising U.S. layoffs. The numbers: The number of Americans who applied for unemployment benefits last week fell by 10,000 to a three-week low of 230,000, offering further evidence that the labor market remains rock solid. New jobless claims slipped from a revised […]
Continue ReadingBancorp Unit to Buy Signature Bank Assets
New York Community Bancorp unit to buy Signature Bank assets – FDIC A subsidiary of New York Community Bancorp has entered into an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank, which was closed a week ago. The Federal Deposit Insurance Corporation (FDIC) said the deal would see the […]
Continue ReadingTaliban Militants Fed Up With Office Culture
Taliban Militants Fed Up With Office Culture, Ready to Quiet Quit Almost two years after the Taliban’s takeover of Afghanistan, the jihadists who transitioned from the battlefields to paper-pushing government jobs in the city are ready to quiet quit. The Afghanistan Analysts Network, a non-profit policy research organization working to increase the understanding of life […]
Continue ReadingEricsson to go on Cost-Cutting With Layoffs
As part of its cost-cutting strategy, telecom equipment manufacturer Ericsson will layoff 8,500 workers globally, according to a memo written to staff members and seen by Reuters news agency. “The way headcount reductions will be managed will differ depending on the local country practice,” Chief Executive Borje Ekholm wrote in the memo. “In several countries, […]
Continue ReadingUS Has a Teacher Shortage
Surrounded by kindergarteners, Lana Scott held up a card with upper and lower case Ys, dotted with pictures of words that started with that letter: Yo-yo. Yak. Yacht. “What sound does Y make?” Scott asked a boy. Head down, he mumbled: “Yuh.” Instead of moving on, she gave him a nudge. “Say it confident, because […]
Continue ReadingFree Subway Rides for the Elderly
In South Korea, free subway rides for the elderly become a political headache Every day, 71-year-old Park Gyung-sun delivers flowers, documents and other packages around Seoul – a job popular among senior citizens who are entitled to ride the city’s subways for free. The work, dubbed “silver delivery” in South Korea, earns Park, a former […]
Continue ReadingNeiman Marcus to Lay Off About 5% of Workforce
Neiman Marcus Group said on Tuesday it would lay off about 5% of its workforce, or around 500 employees, as the luxury department store chain looks to cut costs in a tough economy. The Dallas-based luxury icon, which also owns Bergdorf Goodman, is preparing to distribute pink slips this week to nearly 500 of Neiman’s […]
Continue ReadingFord to Cut 3,800 Jobs in Europe
Ford Motor Co. is planning to slash 3,800 jobs in Europe over the next three years to lower costs and boost profits as it continues to shift toward electric vehicles, the auto maker said on Tuesday. The bulk of the job cuts would primarily hit Ford’s European product development staff, reducing the number of Europe-based […]
Continue ReadingMan Charged After 200,000 Stolen Creme Eggs
A man has been charged with theft after a trailer-load of 200,000 Creme Eggs were stolen from an industrial unit. Joby Pool was arrested in connection with the incident on Saturday which involved an estimated £40,000 worth of confectionery. In a series of tweets, West Mercia Police said the “eggs-travagant theft” unfolded at Stafford Park […]
Continue Reading