U.S. weekly jobless claims increase, labor market remains tight

Weekly jobless claims increase 13,000 to 196,000 * Four-week moving average of claims falls 2,500 to 189,250 * Continuing claims rise 38,000 to 1.688 million By Lucia Mutikani WASHINGTON, Feb 9 (Reuters) — The number of Americans filing new claims for unemployment benefits increased more than expected last week, but the underlying trend continued to…

Read More

Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9%…

By Nell Mackenzie LONDON, Feb 10 (Reuters) — Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, eVden Eve NaKliyaT according to an investor presentation seen by Reuters. U.S.stock indexes had a dismal…

Read More

Seven out of 10 dry shampoos still on grocery store shelves contain detectable levels of a cancer-causing chemical — despite recent recalls of dozens of popular brands

Seven out of 10 dry shampoos still on grocery store shelves contain detectable levels of a cancer-causing chemical — despite recent recalls of dozens of popular brands. Research by a laboratory in tested a random sample of 148 different products sold in CVS, Walgreens and by online retailers like Amazon across the country. Some 70…

Read More

Disney's Bob Iger will lay off 7,000 workers

Disney’s Bob Iger is planning to lay off 7,000 employees in a ‘significant transformation’ to cut back costs as he eliminates some of his predecessor’s efforts. On Wednesday, Iger announced his plans to restructure the company, effectively eliminating the Disney Media and Entertainment Distribution group set up under former CEO Bob Chapek. The new structure,…

Read More

A fake builder who scammed 11 people out of more than £1million and left families with wrecked homes has been jailed for three years

A fake builder who scammed 11 people out of more than £1million and left families with wrecked homes has been jailed for EVden EvE NAkliYat three years. Richard Nicholls, 38, an estate agent and salesman, had no experience in construction when he started taking on the building work. He left his victims — many of whom were…

Read More

The man who monetized community in the office space with the controversial WeWork has turned the same theory to residential properties with his newest venture Flow

The man who monetized community in the office space with the controversial WeWork has turned the same theory to residential properties with his newest venture Flow.  Adam Neumann, 43, has described how the company will transform how people interact with their homes and give them with a sense of ownership even though they’re renting. To illustrate…

Read More