Simone Del Rosario
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1 year after banking crisis, is NYCB the early sign of another?
A year ago, New York Community Bank was in a position of strength. Amid last year’s banking crisis, the bank’s subsidiary took control of $38 billion in assets from failed Signature Bank. But this week, it was New York Community Bank that required a billion-dollar boost. Donald Trump’s former Treasury secretary, Steven Mnuchin, orchestrated the… -
Dartmouth basketball players made history with union vote. What now?
For a team that loses more than it wins, Dartmouth College basketball players racked up two victories on March 5. They bested Harvard in the season finale and voted to be the first college athletes to unionize. Voting 13-2, Big Green’s basketball players elected to join Service Employees International Union Local 560, which already represents… -
Apple faces nearly $2 billion fine as EU rules against tech giant
Apple is facing a nearly $2 billion fine from the European Union. The EU leveled the fine in response to an antitrust penalty against Apple on Monday, March 4, ruling it forbade rivals like Spotify from notifying customers of how they could pay for cheaper subscriptions outside of Apple’s app store, according to The Associated… -
JetBlue, Spirit ditch $3.8 billion budget airline deal
JetBlue Airways and Spirit Airlines announced the termination of their proposed $3.8 billion merger, a development nearly two years in the making. The decision follows a federal court’s move to block the merger, siding with the government’s antitrust lawsuit that argued the deal would reduce competition and eliminate Spirit as a low-cost travel option. The… -
How Macy’s closures signal a major transformation in shopping habits
Macy’s has been a part of American culture for more than 165 years. However, the brick-and-mortar stores are disappearing. The company announced it is closing 150 of its namesake stores over the next three years, according to USA Today. Macy’s is one of the most notable U.S. department store, but that doesn’t make it exempt… -
Wendy’s clarifies dynamic pricing system after online backlash
Wendy’s will not raise prices at peak times, according to the company. The announcement comes after the chain said CEO Kirk Tanner’s comments were “misconstrued” during the week of Feb. 25 by several “media reports,” according to Reuters. Wendy’s said the dynamic pricing system will still be implemented but only to provide discounts to customers… -
Confidence in economy takes another hit. Here’s what’s behind the bad vibes.
Americans’ confidence in the economy is wavering. After three consecutive months of growing consumer confidence, The Conference Board’s index took a hit in February. Economists all over the map continue to point out that the U.S. economy is very strong right now. They can’t quite put a finger on why many Americans don’t feel the… -
Wendy’s to test ‘surge’ pricing, some accuse chain of price ‘gouging’
Wendy’s announced a new AI-powered menu that could potentially result in some customers paying more for their food depending on the time of day they visit. The company calls it a dynamic pricing system, and it is set to roll out next year, according to ABC News. The dynamic pricing system is akin to Uber’s… -
Power struggle: Crypto mining battles federal regulators over energy use
In what’s shaping up to be a literal power struggle, the world of cryptocurrency mining is clashing with federal regulators over the growing energy demands of crypto mining operations. Crypto mining requires extensive electricity for its computing needs, exacerbating the global challenge of reducing emissions at a time when urgent cuts are necessary. Crypto mining’s… -
AZ attorney won’t extradite NYC murder suspect, says DA too soft on criminals
Arizona and New York are at a crossroads between crime and politics. The fate of a suspected murderer is in the middle of a feud between Arizona’s Maricopa County attorney and the Manhattan district attorney. Maricopa County Attorney Rachel Mitchell, a Republican, is refusing to extradite murder suspect Raad Almansoori, 26. Police said Almansoori confessed to killing a woman… -
Cyberattack on Change Healthcare causes nationwide pharmacy disruptions
Pharmacies across the United States are grappling with disruptions due to an ongoing cyberattack targeting Change Healthcare — a subsidiary of UnitedHealth Group and one of the nation’s largest commercial prescription processors. The attack has hindered pharmacies’ ability to process prescriptions for patients. UnitedHealth has attributed the cyberattack to suspected government-backed hackers, although the company… -
4-day workweek success: 89% of UK companies in trial continuing policy
According to a LinkedIn survey, the “Sunday scaries” impact 75% of Americans as they head into another long week of work — and they aren’t alone. A test run from 2023 could ease the anxiety brought on by those Sunday scaries. 61 U.K. companies participated in the world’s largest four-day workweek test run in 2023,… -
Why major cities are slashing services to pay for the migrant crisis
Bus after bus, major cities far from the border are starting to buckle under budgetary pressures of the nation’s migrant crisis. S&P Global Ratings is monitoring the credit health of New York, Denver and Chicago as they face sheltering tens of thousands of asylum-seekers. “The issue will destroy New York City,” Mayor Eric Adams said…
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Biden considers commuting death row: Report
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Louisville Metro Police Department
Louisville police issue citation to homeless woman in labor
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New book accuses Spotify of promoting fake artists
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Andrew Cuomo sues for defamation after sexual harassment allegations
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Driver kills at least two in Germany Christmas market attack
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