Robinhood said on Friday it had entered into a share repurchase agreement with the United States Marshal Service (USMS) for $605.7 million to buy back stock from Sam Bankman-Fried’s Emergent Fidelity Technologies. The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried’s […]
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Riley Gaines says sorority sisters are ‘in harm’s way’ after trans lawsuit dismissal: You’d be ‘disturbed’
After a legal loss in the fight to protect women’s rights, activist and former University of Kentucky All-American swimmer Riley Gaines warned the alleged “perpetrator” is putting the sorority sisters “in harm’s way.” “I’m very close with several of these girls on this case, I just was with one in […]
Iconic North Carolina furniture maker shutters, leaving more questions than answers
High-end furniture maker Mitchell Gold + Bob Williams abruptly shut down in its home state of North Carolina last weekend after more than three decades in business, leaving hundreds of workers out of a job with little notice or explanation. On Saturday, signs were posted on the truck gate and […]
Walgreens CEO Roz Brewer steps down
Walgreens said Friday that its top boss, Roz Brewer, is stepping down after just more than two years in the role. Brewer, who assumed the role of chief executive in March 2021, is also stepping down from the board, effective immediately, the company said. Ginger Graham, current lead independent director […]
US economy adds 187,000 jobs in August, but unemployment rate unexpectedly jumps
U.S. job growth cooled in August, a sign the labor market is finally beginning to slow in the face of rising interest rates, declining economic growth and chronic inflation. Employers added 187,000 jobs in August, the Labor Department said in its monthly payroll report released Friday, slightly beating the 170,000 jobs […]
Subway taking people up in ‘Subway in the Sky’ blimp, offering sandwiches during flight
Some Subway fans will soon get to munch on some of the restaurant chain’s sandwiches while riding a massive blimp. The sandwich chain famous for its foot-longs said Tuesday it would operate a slew of flights using the “Subway in the Sky” blimp, with people riding its gondola receiving the […]
The housing shortage is getting worse
The number of homes for sale on the market fell for the fourth straight month in August amid the already severe housing shortage. A new report from Realtor.com shows that the total number of homes for sale, including homes that were under contract but not yet sold, tumbled by 9.2% […]
Labor Day 2023: Here’s a principled way for workers ‘to make their own choices’
This Labor Day, the American worker is hurting. Wages have barely kept up with inflation this year. Median earnings are still about $2,600 lower than they were two-and-a-half years ago, even as the mortgage payment on a median home has doubled. There are still more than 2 million missing workers […]
Gulf Coast refineries, spared from Hurricane Idalia ire, keep gas production and prices steady: AAA
Motorists in line for gas will pay less at the pump this Labor Day thanks to a continued decline in fuel costs even as the U.S. began to recover from its first major hurricane, according to AAA. The national average cost for a gallon of gas dropped by one cent […]
Expert says ‘some kind of miracles’ needed in ‘world of real estate’ to reverse trends
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce. One industry expert highlighted changes facing buyers trying to combat the new real estate terrain. “We’ve been stuck in this cycle now really since COVID. I think that people are […]