Author: Editor

Billionaire Michael Dell has joined in the fanfare around the opening of JPMorgan’s new Park Avenue office.But rather than praising the state-of-the-art gym, futuristic AI monitoring systems, or the architectural prowess of the $3 billion skyscraper, Dell pinpointed another feature — rows and rows of his company’s monitors.”Congratulations JPMorgan on the opening of your new headquarters!” Dell tweeted on X on Thursday, alongside a photo of what appears to be a trading floor.The bank officially opened its $3 billion headquarters at 270 Park Avenue in Manhattan on Tuesday. The 60-story skyscraper stands at 1,388 feet tall, and will house 10,000…

This as-told-to essay is based on a conversation with Bill Miller, 82, who works as a real-estate broker and part-time as a forklift driver in North Carolina. This interview has been edited for length and clarity.I got my bachelor’s degree from Cornell and a master’s degree from Indiana State. I worked on a Ph.D. at NC State, though I never received a degree. All my studies were in biology and zoology.I was employed by Penn State on a NASA grant for a couple of years and taught ninth-grade biology for 10 years. In 1978, a friend asked me to join…

Private-equity investors, I know you’ve heard this before, but I have a great investment opportunity for you.I’ve never worked a day in finance, and I’m arguably closer to the NBA than an MBA, which is saying something considering how bad my jump shot is. But hear me out.I understand the most basic principle in investing: Buy low, sell high. And I’ve got an asset that would consider the Mariana Trench a step up.My beloved New York Jets.Your immediate reaction might be to laugh (most people do when I tell them I’m a fan). But the NFL has finally opened its…

President Donald Trump said on Thursday that he was terminating all trade negotiations with Canada immediately after the government of Ontario produced an ad campaign that criticized his tariff policy.The minute-long ad, which was posted on X by Ontario’s premier Doug Ford on October 16, featured excerpts from a speech given by the late President Ronald Reagan in 1987.”The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump wrote on Truth Social.”TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE USA,” he…

Walmart is shaking up its approach to reviews and raises for frontline hourly workers at its US stores.The retail giant is moving to a new performance-based plan that accounts for factors like attendance, teamwork, and overall store performance, EVP of store operations Cedric Clark said in a memo to managers last week that was shared with Business Insider.The new approach marks a shift from the across-the-board raises that were based on years of service with the company, which Clark said rewarded loyalty but not other individual factors.”It’s about recognition, accountability, and growth,” Clark wrote. “Associates asked for more control over…

Target is laying off around 1,000 corporate employees and cutting another 800 open roles, the company said Thursday.The company said in a memo to staff that the roles being cut accounted for about 8% of its global headquarters team.Michael Fiddelke, Target COO and incoming CEO, said in the memo that the changes were intended to help the company move faster and simplify workflows.”The truth is, the complexity we’ve created over time has been holding us back,” he said. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.”Fiddelke said the company was asking…

Hall of Fame basketball player Carmelo Anthony said Thursday, in the wake of bombshell indictments detailing illegal NBA betting, that the rapid rise of sports gambling is putting growing pressure on today’s athletes.Speaking with CNBC Sport, the former New York Knicks star said the betting culture “mentally affects” players.”They may say they don’t care … but they care about it, because it affects them,” he said. On Thursday, FBI Director Kash Patel announced Portland Trailblazers head coach Chauncey Billups and Miami Heat guard Terry Rozier were separately arrested following investigations into alleged insider bets on basketball games. Anthony was not…

ESPN and YouTube TV.David Buono | Icon Sportswire | Jaque Silva | NurPhoto | Getty ImagesJust a month after reaching an agreement with NBCUniversal to avoid dropping its networks, YouTube TV has another potential blackout on its hands — this time with Disney.Disney said Thursday it would begin running public messages for YouTube TV subscribers to alert customers that the company’s networks, including ABC and ESPN, will be dropped from the service if the two sides can’t reach a new distribution agreement, which expires October 30 at 11:59 p.m. ET.”This is the latest example of Google exploiting its position at…

The Internal Revenue Service issued a fact sheet answering questions about the impact of the recent One Big Beautiful Bill Act on the processing of Employee Retention Credits.The ERC was included as part of the CARES Act of 2020 as a way to encourage employers to retain employees during the COVID-19 pandemic by subsidizing them with generous tax credits. Even though the law was only intended to help employers who retained and paid employees through the of 2021, Congress gave businesses until April 15, 2024 to claim the ERC for 2020 and April 15, 2025 to claim it for 2021.…

Target said on Thursday it’s cutting 1,800 corporate jobs as the retailer tries to get back to growth after four years of roughly stagnant sales.It marks the first major round of layoffs in a decade for the Minneapolis-based retailer. It announced the layoffs in a memo sent by Target’s incoming CEO Michael Fiddelke to employees at its headquarters.The eliminated roles are a combination of about 1,000 employee layoffs and about 800 positions that will no longer be filled, a company spokesman said. Together, they represent an approximately 8% cut to Target’s corporate workforce, according to the memo. Affected employees will…