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- McClatchy Makes Deep Job Cuts to Newspapers Around the Country
The owner of The Miami Herald said subscriber interest did not support its current level of investment. One employee called the layoffs a “blood bath.” [TheTopNews] Read More.57 mins ago - Court Strikes Down Trump Order to Keep an Aging Coal-Burning Plant RunningThe aging Michigan power plant was set to retire. Then the Trump administration intervened in a way that overstepped its authority, a court ruled. [TheTopNews] Read More.1 hour ago
- Billionaire warns ‘evil empire’ wants to ‘cripple Trump,’...
Billionaire businessman John Catsimatidis is warning that foreign adversaries will do "anything" to weaken President Donald Trump, while also voicing disappointment with Canadian Prime Minister Mark Carney.Catsimatidis joined FOX Business’ Cheryl Casone on "Mornings with FOX Business" to discuss national security concerns on the 25th anniversary of the September 11 attacks, geopolitical tensions and what he sees as efforts to undermine President Trump."The evil empire, whether it's Russia, North Korea, China, Iran, the evil empire will do anything to make sure that they cripple Trump in the November 3rd election," Catsimatidis said.The Red Apple Group chairman and CEO singled out Canada, saying he was disappointed in Carney despite describing the prime minister as someone he likes and considers smart."I think he [Carney] feels the same way, that they're gonna be able to take a bigger advantage of the United States if Trump was crippled," Catsimatidis said.Catsimatidis framed his concerns around Trump’s approach to business and international negotiations, arguing that the president’s dealmaking makes him a target for countries seeking an advantage over the United States.CANADA'S 20% TARIFFS ON US GOODS LIKE MILK, STEEL AND GOLF CLUBS TAKE EFFECT"He's not only a president, he is a businessman," Catsimatidis said.Catsimatidis also reflected on the September 11 attacks, saying he lost four personal friends and a cousin that day. He warned that younger Americans have no personal memory of the attacks and argued that the country must remain vigilant."I believe that our country is under attack and that if we don't keep our eyes open, there'll be another 9/11. New York is the target, Washington is the target, and we have to be extra careful," he said.ANTHROPIC SAYS IT BLOCKED POSSIBLE EFFORTS TO USE AI FOR BIOLOGICAL WEAPONS DEVELOPMENT, IRAN-LINKED CASESCatsimatidis closed with another warning about threats facing the country."November 3, help save America, because we're under attack in so many directions," Catsimatidis warned.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.1 hour ago - Large medical uniform retailer closing all brick-and-mortar stores nationwideA nationwide healthcare uniform retailer is shutting all of its brick-and-mortar retail stores, the company said.A message on the Scrubs & Beyond website reads: "All Retail Stores Closing." No other explanation was given.119-YEAR-OLD NJ AMUSEMENT PARK TO CLOSE, GO UP FOR SALEThe company sells nurse scrubs and uniforms from top brands, including its own Beyond Scrubs line.It has more than 100 stores across 30 states, the website states. Many of the stores are holding going-out-of-business sales with discounts ranging from 20% to 40% off all merchandise.LULULEMON BILLIONAIRE CHIP WILSON, WIFE DIVORCING AFTER 20-PLUS YEARS WITHOUT PRENUP: REPORTFOX Business has reached out to Scrubs & Beyond’s parent company, Kindthread, for comment.The Scottsdale, Arizona-based Kindthread acquired and re-launched the Scrubs & Beyond brand and stores in 2022, the Post Bulletin newspaper reported.Scrubs & Beyond has been in business for more than 20 years. In that time, the company became the largest retailer of healthcare apparel and accessories in the country, the website states.CLICK HERE TO GET FOX BUSINESS ON THE GOIt is unclear how many employees will be impacted by the closings. [TheTopNews] Read More.2 hours ago
- Former Fed Chair Jerome Powell sells Maryland waterfront estate for $7.2M: repor...Former Federal Reserve Chair Jerome Powell has reportedly sold a waterfront Maryland estate for $7.2 million.The six-bedroom, eight-bathroom home on Gibson Island changed hands in an off-market sale on Aug. 4, less than three months after Powell concluded his eight-year term as chair of the Federal Reserve, Realtor.com reported, citing public property records.The 7,155-square-foot home sits on a two-acre waterfront lot overlooking the Magothy River, the outlet reported.FED POLICYMAKERS' INFLATION WORRIES WEIGHED ON RATE CUT OUTLOOK AT WARSH'S FIRST MEETINGThe home was not publicly listed on a multiple listing service, with the Baltimore Business Journal first reporting the sale.Built in 2004, the shingle-style mansion features water views from nearly every main room, along with a waterfront swimming pool, stone terraces, a private pier with a boat lift and landscaped grounds, according to Realtor.com.Powell purchased the property for $3.86 million in 2006.FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS WARSH ERA BEGINSThe former Fed chair and his wife, Elissa Leonard, continue to own another home on Gibson Island that they purchased for about $3 million, Realtor.com reported.The couple's primary residence is in Chevy Chase, Maryland.Powell concluded his tenure as Fed chairman in May, with Kevin Warsh succeeding him.POWELL SAYS HE'LL STAY ON FED BOARD AFTER CHAIRMANSHIP ENDS BUT WON'T BE A 'SHADOW FED CHAIR'GET FOX BUSINESS ON THE GO BY CLICKING HEREDuring his time leading the central bank, Powell frequently clashed with President Donald Trump over interest rate policy.FOX Business reached out to Powell and Gibson Island Real Estate for more information. [TheTopNews] Read More.3 hours ago
- LIZ CLAMAN: I covered 9/11 live. Twenty-five years later, I still remember every...I think I speak for a lot of women when I say that when you’re eight months pregnant, all you want to do is sleep.And when you work the hours that I was working on the morning of Sept. 11, 2001, you dream about sleep.At the time, I was an anchor at CNBC working a split shift. I would get up at 3 a.m. ET, anchor the 5 a.m. to 7 a.m. premarket show, go home at 7:30 a.m., try to sleep for a few hours, then return to the studio in Ft. Lee, New Jersey, to anchor the 4 p.m. market wrap-up broadcast. Insane hours, I know. But about a year earlier, when I was only helming the early morning gig, I jumped at the offer to reach a broader audience in the afternoon. The catch was that I could only have the 4 p.m. if I continued to work the pre-dawn show as well.AMERICA MARKS 25TH ANNIVERSARY OF 9/11 ATTACKSJust getting used to the crazy sleep schedule was hard enough, but when I got pregnant with my first child, it quickly became way more difficult. But I gamely plowed ahead. On Sept. 11, 2001, I was a month and a few weeks from giving birth.After finishing the morning show on that sparkling September day, I headed home, lumbered into my apartment in Edgewater, New Jersey, right on the Hudson River, just a town away from the studio, closed the blackout curtains and was just drifting off when my then-husband, a senior producer at MSNBC, called me. "Turn on Channel 4," he said. He sounded anxious.I flipped on the TV and saw smoke pouring out of the North Tower of the World Trade Center. It looked like some idiot had flown a small plane right into the side of the building. "What the hell happened?" I asked. With a more urgent tone he said, "I don’t know, but I’ve gotta go," and hung up.25 YEARS LATER, 9/11 MEMORIES ENDURE AS NATION GATHERS TO HONOR NEARLY 3,000 LIVES LOSTI stared at the screen. The shot was from a live, unmanned camera affixed atop another downtown building. The towers bisected a crystal blue sky. Zero clouds. What happened?Being a business news journalist, I knew a lot of my show guests worked in that tower. I was mentally ticking off who worked on which floor when suddenly a second plane, clearly a large… [TheTopNews] Read More.3 hours ago
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