Business
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The tech industry experienced a significant downturn in 2023, with over 260,000 job losses, marking the toughest year since the early 2000s dot-com crash. Executives attributed these mass layoffs to factors such as a pandemic-induced hiring surge, high inflation, and declining consumer demand. Entering 2024, the situation seemed to stabilize, with workforce levels, inflation rates, […]
“Black Friday” initially had a negative connotation. In 1869, a pair of speculators attempted to manipulate the U.S. gold market. Their scheme led to a stock market crash on Friday, September 24, a day that became known as “Black Friday.” The practice of assigning “black” days to market downturns didn’t end in the 19th century. The stock market […]
In the city that never sleeps, New Yorkers are celebrating over the grand opening of Manhattan’s first Wegmans grocery store. The doors to this 87,500-square-foot establishment, nestled within the 770 Broadway building near the Astor Place subway station, opened yesterday. This marks the second Wegmans store in New York City, with the first one having […]
A man credited with bringing 50 years of informative, educational and thought provoking news to the Rochester community passed away. James Blount, the publisher of “ABOUT…TIME Magazine” was 80 years old. His children released a statement Thursday evening sharing that their mom Carolyne Blount was with their dad at the time of his passing early […]
According to a recent Bloomberg report, NBA icon Michael Jordan’s net worth currently sits at $3.5 billion, the largest fortune any athlete within the organization has earned. This is attributed to a licensing deal with Nike the recent sale of his majority stake in the NBA’s Charlotte Hornets, and other major investments. According to a report […]
A big change is on the way for the cigarette market in New York State. Starting on September 1, the tax rate on cigarettes will increase by $1 per pack. The Hochul administration is hoping raising the cigarette tax would prevent more youth from taking up the habit. For resources on how you can receive […]
Curtis “50 Cent” Jackson and the NFL’s Washington Commanders have a new multi-year partnership with Sire Spirits. As part of the partnership, Sire Spirits’ Branson Cognac will be the Official Cognac of the Washington Commanders, and Le Chemin Du Roi will be designated as the Official Champagne of the Washington Commanders. Jackson’s 501(c)(3) philanthropic arm, […]
Popular comedian and actor Druski is now crossing into the sports world. 4Lifers is looking to make a name for himself and his agency in the world of sports, the social media star said in a statement. The first signee to 4Lifers is University of Florida Gators defensive end Princely Umanmielen, a four-star recruit from Manor, […]
Three months since construction began on their new stadium, the Buffalo Bills are already facing a potential cash crunch with the latest projections having the team on the hook for as much as $300 million in cost overruns, four people with direct knowledge or who were briefed on the financial details told The Associated Press this […]
Goldman Sachs economists expect the economic impact of artificial intelligence to rival previous big technological advances, such as the electric motor and personal computer. Investments in AI could reach around $200 billion globally by 2025, they said. The U.S. is positioned as the market leader. They estimate AI investment could reach $100 billion in the U.S. […]
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