Posts by Liam Redmond
Citi to cut about 1,000 jobs this week
CITIGROUP is set to cut about 1,000 jobs this week as part of chief executive Jane Fraser’s march to keep a lid on costs and improve returns at the Wall Street bank. The company, which had 227,000 employees at the end of September, is culling its ranks as part of a plan announced two years…
Read MoreSupertankers sailing to pick up Venezuelan oil for China make U-turns, ship data shows
[HOUSTON] Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes made U-turns and were headed back to Asia, LSEG shipping data showed on Monday, a sign that the US-blocked South American country might not be directly exporting oil to its main buyer any time soon. Following the US announcement last week of…
Read MoreTrump administration probe of Fed’s Powell sparks pushback
Former Fed chairs join former government economic policy leaders from both political parties in raising alarm [WASHINGTON] The Trump administration’s decision to open a criminal investigation into US Federal Reserve chair Jerome Powell drew condemnation from former Fed chiefs and a chorus of criticism from key members of Trump’s Republican Party on Monday (Jan 12),…
Read MoreOil prices settle at 7-week high on worries about Iran exports
[NEW YORK] Oil prices climbed and settled at seven-week highs on Monday on worries that Iran’s exports could decline as the sanctioned Opec member cracks down on anti-government demonstrations. Limiting price gains were expectations that supplies could rise from Venezuela, another sanctioned member of the Organization of the Petroleum Exporting Countries. Brent futures rose 53 cents,…
Read MoreDave Portnoy eviscerates Red Sox owner John Henry after Alex Bregman’s departure: ‘Worst human alive’
A fuming Dave Portnoy has seen enough of the Red Sox’s current ownership. After All-Star third baseman Alex Bregman bolted Beantown for a five-year, $175 million deal with the Cubs, the long-time Red Sox fan and Barstool Sports honcho went scorched earth against owner John Henry. Longtime Red Sox fan Dave Portnoy did not mince…
Read MoreEuropean shares end choppy session at record high
EUROPEAN shares ended Monday’s session at a record high, although gains were small as the US government’s threat to indict Federal Reserve Chair Jerome Powell renewed investor concerns about central bank independence. The pan-European Stoxx 600 ended 0.2 per cent higher at 610.95 points with precious metals companies Aurubis and Fresnillo among biggest sectoral gainers. The…
Read MoreUS stocks: Wall Street indexes finish higher with tech, Walmart
[NEW YORK] The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the US Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell. Technology was among the day’s biggest sector gainers. Shares of Walmart jumped, giving…
Read MoreChristian McCaffrey laments loss of George Kittle: ‘Heart and soul of this team’
Christian McCaffrey made it clear on Sunday that playing the rest of the postseason without George Kittle is going to be no easy task. Just after the 49ers star tight end tore his Achilles in San Francisco’s 23-19 victory over the Eagles at Lincoln Financial Field, McCaffrey somberly lamented the loss during a meeting with…
Read MoreExclusive | Cooking’s hunkiest new stars are heating up more than the grill — and building obsessed fans in the process
Think your kitchen gets hot? Try cooking alongside these guys. The newest star chefs are doing far more than oiling a pan — they’re stripping off to sell their wares, leaving sautés and sauces as a side dish for their main course of pecs, come-hither glances and a dollop of cheeky humor. Take Sultry Samoan…
Read MoreWhat Emotionally Mature Founders Do When Everything Feels Uncertain
There is a specific kind of uncertainty that only founders experience. Not the hypothetical kind, but the lived version where the runway is shrinking, customers are quiet, and every decision feels like it might be the wrong one. You refresh your bank balance more than your inbox. You wonder if everyone else has figured something…
Read MoreMTA probing AI to identify weapons, monitor safety threats in real-time
Welcome to MT-AI. Transit officials are probing proposals from tech companies on how best to use artificial intelligence to patrol subway cars and buses in real-time through thousands of video feeds, documents reveal. MTA officials are probing suggestions from tech companies on how to use artificial intelligence to patrol subway cars and buses in real…
Read MoreAna Navarro shuts down Sara Haines for calling ‘Heated Rivalry’ “adorable” on ‘The View’: “Yeah and you read ‘Playboy’ for the articles”
It seems like everybody is tuning into Heated Rivalry – even the ladies of The View. Sara Haines gave Heated Rivalry stars Connor Storrie and Hudson Williams a shout out during Monday’s broadcast after the breakout actors made a hilarious appearance presenting at the Golden Globes Sunday evening. “I love them so much and I…
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