‘The water in here tasted a little off’: NY residents say mice were in water heaters
PERINTON, N.Y. — Residents at an upstate New York apartment complex are complaining about conditions since a fire in January displaced 65 people -- including a water crisis where mice are allegedly crawling out of water heaters. The complex was issued six appearance tickets for 26 code violations in six apartments, Town Supervisor Ciaran Hanna announced Thursday. Violations included water leaks, drywall damage, kitchen and bathroom repairs, window repairs and rodent infestation, according to the television station. “I found five boiled mice that came out of the water heater.”Seegler said the rodent issue began when one of the complex’s main water heaters exploded. “I always thought the water in here tasted a little off,” Morse told WROC.
wftv.comBrad Pitt's 'Bullet Train' pulls into station with $30.1M
The “Bullet Train” debut for Sony Pictures was solid but unspectacular for a movie that cost $90 million to make and was propelled by Pitt's substantial star power. Directed by David Leitch ("Atomic Blonde," “Deadpool 2”), “Bullet Train” gathers a number of assassins (co-stars include Aaron Taylor-Johnson and Brian Tyree Henry) together on a speeding train running from Tokyo to Kyoto. With a low 54% fresh rating from critics on Rotten Tomatoes, "Bullet Train" was only slightly better received by audiences, who gave the film a B+ CinemaScore. Instead, “Bullet Train” was trailed by a number of holdovers, including Warner Bros.' “DC League of Pets." "Bullet Train," $30.1 million.
wftv.com60 curators, 1 show: Native Americans pick favorite pottery
Native American Curators Finishing touches are made on a community-curated exhibition of Native American pottery from the Pueblo Indian region of the U.S. Southwest on July 28, 2022, at the Museum of Indian Arts and Culture in Santa Fe, N.M. In all, 60 Native American artists, museum professionals, storytellers and political leaders collaborated to curate the exhibit. The effort also created a set of guidelines for collaboration that can help Native American communities everywhere communicate and build trust with museums. “We try to make sure everyone's voice is represented in some way,” said Poon, director of the Indian Arts Research Center. Pueblo pottery traditions rely on coiling strands of clay into an array of shapes and sizes — without a spinning pottery wheel.
wftv.com60 curators, 1 show: Native Americans pick favorite pottery
Native American artists, political leaders and storytellers are the final arbiters of taste and style for a traveling exhibition of pottery from the Pueblo Indian region of the Southwestern U.S. They've plucked their favorite pieces from institutional collections in New Mexico and New York that didn’t always defer to Indigenous perspectives.
Wall Street falls as jobs data suggests Fed hikes not over
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. Stocks are opening lower on Wall Street Friday, Aug. 5, following much stronger than expected hiring data from the Labor Department. Stocks are swinging lower through a roller-coaster Friday following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. And much of Wall Street still revolves around expectations for rates. The hope on Wall Street had been that the economy was slowing enough to get the Fed to ease up on its rate hikes.
wftv.comStocks falling as hot jobs data suggests Fed hikes not over
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. Stocks are opening lower on Wall Street Friday, Aug. 5, following much stronger than expected hiring data from the Labor Department. But it also raises worries on Wall Street that inflation will become more embedded in the economy. Wall Street is coming off the best month for stocks since late 2020, a rally driven mostly by what had been falling yields across the bond market. The hope on Wall Street had been that the economy was slowing enough to get the Fed to ease up on its rate hikes.
wftv.com5-feet-long alligator named Zachary surrendered to authorities in New York
Alligator myths explainedSUFFOLK COUNTY, N.Y. — Alligators are not native to New York, but a Long Island rescue agency is caring for one after the animal was surrendered to them. >> Read more trending newsThe 9-year-old alligator, named Zachary, is 5 feet long, and its owner surrendered it to the Suffolk County Society for the Prevention of Cruelty to Animals, WNBC reported. 5-feet-long alligator named Zachary surrendered to authorities in New York Zachary will be sent to a licensed wildlife sanctuary. (Suffolk County SPCA)Suffolk County SPCA chief Roy Gross told WABC that the owner had purchased the alligator in a different state, and did not have a permit to legally own the animal in New York. The Suffolk County SPCA told WNBC that Zachary will be sent to a licensed wildlife sanctuary.
wftv.comStocks swing lower after hot jobs data offers good, bad news
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. Stocks are opening lower on Wall Street Friday, Aug. 5, following much stronger than expected hiring data from the Labor Department. (AP Photo/Julia Nikhinson, File) (Julia Nikhinson)NEW YORK — (AP) — Stocks are swinging lower through a roller-coaster Friday following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. The good news on the jobs market helped to limit losses for the Dow Jones Industrial Average, whose stocks tend to move more with expectations for the overall economy. The number of people with multiple jobs rose by more than half a million, for example, said Brian Jacobsen, senior investment strategist at Allspring Global Investments.
wftv.comStocks are mixed after hot jobs data offers good, bad news
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. Stocks are opening lower on Wall Street Friday, Aug. 5, following much stronger than expected hiring data from the Labor Department. (AP Photo/Julia Nikhinson, File) (Julia Nikhinson)NEW YORK — (AP) — Stocks are mixed on Friday following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. The number of people with multiple jobs rose by more than half a million, for example, said Brian Jacobsen, senior investment strategist at Allspring Global Investments. The 10-year yield rose to 2.82% from 2.69%.
wftv.comBeyond Meat announces layoffs after lower Q2 sales
The plant-based meat maker said Thursday, Aug. 4, 2022, it’s laying off 4% of its workforce after a difficult second quarter that saw cost-conscious customers bypass its higher-priced products. (AP Photo/Richard Drew, File) (Richard Drew)Plant-based meat maker Beyond Meat said Thursday it’s laying off 4% of its workforce after a difficult second quarter that saw cost-conscious customers bypass its higher-priced products. Beyond Meat President and CEO Ethan Brown said customers dealing with food price inflation traded down to cheaper store brands of plant-based meat or bought animal meat. U.S. retail sales rose 2.2% thanks to sales of Beyond Meat Jerky, a new product introduced as part of a partnership with PepsiCo. But other products, including plant-based burgers and chicken, saw lower sales.
wftv.comUS stocks end mixed amid earnings, economic updates
Financial Markets Wall Street A detail of the exterior of The New York Stock Exchange, on Wednesday, Aug. 3, 2022, in New York. Stocks are opening nearly flat on Wall Street Thursday, Aug. 4. (AP Photo/Julia Nikhinson) (Julia Nikhinson)Stocks are closing mixed on Wall Street Thursday as investors continued to review the latest updates on the economy and corporate earnings. Earnings remain in focus for Wall Street. Stocks were mixed in afternoon trading on Wall Street Thursday as investors continued to review the latest updates on the economy and corporate earnings.
wftv.comPolice: New York man threatens Domino’s pizza delivery driver with gun
SAUGERTIES, N.Y. — A man is facing charges in New York after police said he threatened a Domino’s pizza delivery driver with a gun, because he hadn’t ordered any pizza. >> Read more trending newsSaugerties police said in a news release that they arrested Ralph Carpino III for pointing a loaded handgun at the delivery driver. Carpino had said that he didn’t order a pizza, but detectives determined another member of the family had ordered pizza to be delivered to the house. Saugerties police chief Joseph Sinagra told the Daily Freeman that Carpino is a corrections officer. Carpino was charged with second-degree menacing and fourth-degree criminal possession of a weapon, Sinagra told the Register-Star.
wftv.comLondon Calling: Cubs-Cardinals set for London in June 2023
The league announced Thursday that the St. Louis Cardinals and Chicago Cubs will play a two-game series on June 24-25, 2023, at London Stadium. “The Cardinals are excited and honored to be a part of the London Series next year," Cardinals chairman Bill DeWitt Jr. said in a release. The Cardinals played a two-game set against Cincinnati in Mexico in 2019. The 2023 London Series is part of an international slate that was approved in the March labor agreement between MLB and the players' association. It also calls for London games in 2024 and 2026, the first France games in 2025, annual Mexico City games from 2023-26, an Asian opener in 2024 and a Tokyo opener in 2025.
wftv.comJudge shortens road to decide NFL racial discrimination suit
The other coaches later joined the lawsuit, which sought unspecified damages and class-action status. Caproni wrote that courts have not historically allowed lawyers to gather evidence prior to deciding whether a case is required to go to arbitration. “An agreement to arbitrate is binding on the parties unless the agreement is invalid under state contract law,” she wrote. If they are confident in their defenses, they should let the process play out in court so the general public can see,” the lawyers said. Lawyers for the NFL and its teams did not immediately respond to messages seeking comment.
wftv.comUS stocks mixed amid earnings, economic updates
Financial Markets Wall Street A detail of the exterior of The New York Stock Exchange, on Wednesday, Aug. 3, 2022, in New York. Stocks are opening nearly flat on Wall Street Thursday, Aug. 4. (AP Photo/Julia Nikhinson) (Julia Nikhinson)NEW YORK — (AP) — Stocks were mixed in midday trading on Wall Street Thursday as investors continued to review the latest updates on the economy and corporate earnings. Earnings remain in focus on Wall Street as investors look for more clues on how inflation is impacting various industries. The latest data follows updates earlier this week showing that job openings remain at record highs.
wftv.comMelissa Bank, witty, bestselling author, dies at 61
Viking Books announced that Bank died Tuesday in East Hampton, New York. Bank was a Philadelphia native with a master's degree from Cornell University whose influences ranged from Vladimir Nabokov to Grace Paley. She needed 12 years to finish “The Girls' Guide," in part because of a bicycle accident that damaged her short-term memory and ability to think of words. But her book, which follows a young woman's life from adolescence to adulthood, was a critical and commercial success. Two stories from “The Girls' Guide" were adapted into the 2007 romantic comedy "Suburban Girl,'' starring Alec Baldwin and Sarah Michelle Gellar.
wftv.comUS stocks remain mixed amid earnings, economic updates
Financial Markets Wall Street A detail of the exterior of The New York Stock Exchange, on Wednesday, Aug. 3, 2022, in New York. Stocks are opening nearly flat on Wall Street Thursday, Aug. 4. (AP Photo/Julia Nikhinson) (Julia Nikhinson)NEW YORK — (AP) — Stocks were mixed in morning trading on Wall Street Thursday as investors continued to review the latest updates on the economy and corporate earnings. Earnings remain in focus on Wall Street as investors look for more clues on how inflation is impacting various industries. The latest data follows updates earlier this week showing that job openings remain at record highs.
wftv.comEmployment market shows signs of cooling amid rate hikes
The employment market appears to have lost some of its sizzle, a development that could influence Federal Reserve policy and further raise concerns about an economic recession. Job openings have been edging lower since April as rising inflation tightened its grip on businesses and crimped consumer spending. Job openings have been edging lower since April as rising inflation tightened its grip on businesses and crimped consumer spending. The labor market has remained strong despite inflation's grip on the broader economy, with job openings far outpacing people seeking employment. A tighter job market could be a signal that the economy is slowing enough for the Fed to be less aggressive.
wftv.comWall Street flat at open as layoffs continue modest rise
Financial Markets Wall Street The New York Stock Exchange, Wednesday, Aug. 3, 2022, in New York. (AP Photo/Julia Nikhinson) (Julia Nikhinson)NEW YORK — (AP) — Stocks are opening nearly flat on Wall Street Thursday. New data from the Labor Department showed more Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly. Investors expect more insight on the Federal Reserve's interest rate plans on Friday, when the Labor Department delivers its July jobs report. Analysts say geopolitical risks remain after Pelosi’s visit to Taiwan in defiance of Beijing.
wftv.comGabby Petito's legacy: $100K for domestic violence hotline
Gabby Petito Domestic Violence Gabby Petito's mother Nichole Schmidt speaks during an interview with The Associated Press, Monday, Aug. 1, 2022, in New York. The Gabby Petito Foundation is donating $100,000 to the Hotline. Through a $100,000 donation from the Gabby Petito Foundation, Schmidt is now partnering with the National Domestic Violence Hotline to help others survive turbulent and violent relationships. I get people messaging me all the time that they were inspired by her to get out of a relationship,” Schmidt said during an interview with The Associated Press. “Most likely the scenario ended that way because something was happening for a while.”For now, she said, the work goes on to help others survive domestic violence.
wftv.comUS markets head for small gains ahead of jobs data, earnings
Financial Markets Wall Street The New York Stock Exchange, Wednesday, Aug. 3, 2022, in New York. (AP Photo/Julia Nikhinson) (Julia Nikhinson)NEW YORK — (AP) — Wall Street pointed toward small gains before the bell Thursday ahead of a double dose of U.S. jobs data while anxiety eased over U.S. House Speaker Nancy Pelosi's visit to Taiwan, despite military maneuvers undertaken by China in response. Futures for the Dow Jones industrials inched up less than 0.1% while futures for the S&P 500 rose 0.1%. Analysts say geopolitical risks remain after Pelosi’s visit to Taiwan in defiance of Beijing. Oil prices rose modestly following OPEC's decision to boost production in September at a much slower pace than previous months.
wftv.com‘Batgirl’ movie axed by Warner Bros., shocking film industry
'Batgirl' movie axed by Warner Bros., shocking film industry Leslie Grace attends the Warner Bros. premiere of "The Suicide Squad" at Regency Village Theatre on August 2, 2021, in Los Angeles. (Matt Winkelmeyer/Getty Images)NEW YORK — Warner Bros. has decided not to release its $90 million “Batgirl” movie, stunning the film industry and DC Comics fans. “The decision to not release ‘Batgirl’ reflects our leadership’s strategic shift as it relates to the DC universe and HBO Max,” a Warner Bros. spokesperson said Wednesday of the move, which comes in the wake of WarnerMedia’s merger with Discovery Inc. “I feel blessed to have worked among absolute greats and forged relationships for a lifetime in the process!” she wrote alongside photos and videos captured during filming. Expand Autoplay Image 1 of 13 Photos: Leslie Grace through the years Here are some photos of singer, songwriter and actress Leslie Grace through the years.
wftv.comGabby Petito's legacy: $100K gift to domestic abuse hotline
Gabby Petito Domestic Violence Gabby Petito's mother Nichole Schmidt speaks during an interview with The Associated Press, Monday, Aug. 1, 2022, in New York. The Gabby Petito Foundation is donating $100,000 to the Hotline. Through a $100,000 donation from the Gabby Petito Foundation, Schmidt is now partnering with the National Domestic Violence Hotline to help others survive turbulent and violent relationships. I get people messaging me all the time that they were inspired by her to get out of a relationship,” Schmidt said during an interview with The Associated Press. “Most likely the scenario ended that way because something was happening for a while.”For now, she said, the work goes on to help others survive domestic violence.
wftv.comAnimal sanctuary owner in New York arrested for grand larceny of cows
New York animal sanctuary refuses to return 2 stray cows to farm There is a beef brewing between a farmer and an animal sanctuary in upstate New York. >> Read more trending newsThe owner of an animal sanctuary was arrested on Tuesday for allegedly refusing to return cows that wandered onto the facility to their rightful owner. Tracy Murphy, 59, of Newfane, was arrested for third-degree grand larceny, a class D felony, according to a news release from the New York State Police. On July 16, a cow and a steer wandered onto Asha’s Farm Sanctuary, according to the television station. Three days later, Gregson visited the animal sanctuary with members of his family and state troopers and asked for the cattle, according to the newspaper.
wftv.comIonescu helps New York rally past Los Angeles 64-61
Trailing 50-35 with 5:23 left in the third quarter, New York held Los Angeles scoreless for the rest of the period to cut its deficit to five. After a Los Angeles miss, Ionescu was fouled shooting a 3-pointer with 34.1 seconds left. Los Angeles had one last chance but Lexie Brown missed a 3-pointer from the wing just before the buzzer. Nneka Ogwumike scored 19 points to lead Los Angeles. New York rallied to within seven late in the first half before Los Angeles scored the final four points to take an 11-point lead into the break.
wftv.comNLRB: Mine workers to pay Alabama coal company over $13M
The National Labor Relations Board said Warrior Met Coal Mining was due some $13.3 million for costs including increased security, damage repair and lost revenues from unmined coal, and individuals were due almost $30,000, mostly for damage to vehicles. The NLRB, which is handling charges related to both the company and the union, issued the order on July 22. The union and company signed an agreement providing that the union pay damages for “strike misconduct,” and the board approved it, spokeswoman Kayla Blado said. United Mine Workers has said union members gave up money to bring the company out of the Walter Energy bankruptcy six years ago, and workers have sought improved health benefits. Warrior Met contends it offered workers a competitive package that would protect jobs and the company's future.
wftv.comTrump ally Navarro sued for alleged unofficial email account
NEW YORK — (AP) — The Justice Department filed suit Wednesday against Peter Navarro, claiming the former adviser to Donald Trump used an unofficial email account while working in the White House and wrongfully retained presidential records. The lawsuit in federal court in Washington claims Navarro used at least one "non-official" email account — a ProtonMail account — to send and receive emails. The civil cases alleges that by using the unofficial email account, Navarro failed to turn over presidential records to the National Archives and Records Administration. Navarro is wrongfully retaining Presidential records that are the property of the United States, and which constitute part of the permanent historical record of the prior administration,” the suit states. A lawyer representing Navarro in the criminal case did not immediately respond to a message seeking comment about the civil case.
wftv.comTrump ally Navarro sued for alleged unofficial email account
The Justice Department filed suit Wednesday against Peter Navarro, claiming the former adviser to Donald Trump used an unofficial email account while working in the White House and wrongfully retained presidential records. The lawsuit in federal court in Washington claims Navarro used at least one “non-official" email account — a ProtonMail account — to send and receive emails. The legal action comes just weeks after Navarro was indicted on criminal charges after refusing to cooperate with a congressional investigation into the Jan. 6, 2021, attack on the Capitol.
news.yahoo.comDolly Parton to receive 2022 Carnegie Medal of Philanthropy
Dolly Parton: What you need to know Dolly Parton grew up alongside 11 brothers and sisters in a one-room cabin in Appalachia, Tennessee. (NCD)NEW YORK — Singer, songwriter and philanthropist Dolly Parton has been selected to receive the 2022 Carnegie Medal of Philanthropy. — Carnegie Medal (@carnegiemedal) August 3, 2022Parton told The Associated Press that she was honored to receive the Carnegie Medal of Philanthropy:I’ve always believed that if you are in a position to help, you should help, and I truly hope that I can be an inspiration for others to lift up those around them. — Statement from Dolly Parton via The Associated PressThe award is usually awarded every two years. The award was created at the centennial observance of Andrew Carnegie’s official career as a philanthropist, according to the Carnegie Medal of Philanthropy website.
wftv.comCastillo, early power send Mariners past Cole, Yankees 7-3
Mariners Yankees Baseball Seattle Mariners starting pitcher Luis Castillo delivers against the New York Yankees in the first inning of a baseball game, Wednesday, Aug. 3, 2022, in New York. (AP Photo/Mary Altaffer) (Mary Altaffer)NEW YORK — (AP) — Luis Castillo pitched five-hit ball into the seventh inning in his Seattle debut, and the Mariners used a fast start to beat Gerrit Cole and the New York Yankees 7-3 on Wednesday. Jesse Winker connected against Wandy Peralta in the seventh, helping the Mariners match their season high for homers. Castillo (5-4) struck out eight in 6 2/3 innings in his second start in the Bronx in less than a month. The 29-year-old Castillo pitched seven sparkling innings for Cincinnati at New York on July 14.
wftv.comUS stocks rise following solid earnings reports
Oil prices fell after the OPEC oil cartel and its allies decided to boost production in September by a much slower pace than in previous months. Only energy sector stocks fell, dragged down by lower oil prices. Drugstore chain CVS rose 6.4% after reporting solid financial results and raising its profit forecast for the year. Oil prices fell following OPEC's decision to boost production in September at a much slower pace than previous months. U.S. crude oil fell 4% to settle at $90.66 per barrel, while Brent crude, the international standard, settled 3.7% lower at $96.78 per barrel.
wftv.comNLRB orders mine workers union to pay coal company over $13M
The National Labor Relations Board said Warrior Met Coal Mining was due some $13.3 million for costs including increased security, damage repair and lost revenues from unmined coal, and individuals were due almost $30,000, mostly for damage to vehicles. Both the union and Warrior Met have blamed each other for the prolonged strike, which centers on the company's mining operations southwest of Birmingham. The union and Warrior Met reached an agreement to end the walkout a few days after it began, but members rebuffed the settlement. United Mine Workers has said union members gave up money to bring the company out of the Walter Energy bankruptcy six years ago, and workers have sought improved health benefits. Warrior Met contends it offered workers a competitive package that would protect jobs and the company's future.
wftv.comUS stocks extend gains following solid earnings reports
Only energy sector stocks fell, dragged down by lower oil prices. Earnings remain in focus this week as investors parse the latest results and statements from companies to better understand how inflation is affecting businesses and consumers. Drugstore chain CVS rose 6.4% after reporting solid financial results and raising its profit forecast for the year. Starbucks rose 4.6% after also reporting solid financial results. The pullback in oil prices weighed on energy sector stocks.
wftv.comUS stocks rise as more big companies report solid earnings
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. Stocks are falling on Wall Street Tuesday, Aug. 2, amid threats from Beijing over a possible visit by U.S. House Speaker Nancy Pelosi to Taiwan. (AP Photo/Julia Nikhinson, File) (Julia Nikhinson)NEW YORK — (AP) — Stocks rose in morning trading on Wall Street Wednesday as investors reviewed another, mostly encouraging, batch of earnings from several big companies. Drugstore chain CVS rose 4.6% after reporting solid financial results and raising its profit forecast for the year. Starbucks rose 1.2% after also reporting solid financial results.
wftv.comWall Street rising at open; PayPal, CVS in focus
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. (AP Photo/Julia Nikhinson, File) (Julia Nikhinson)NEW YORK — (AP) — Stocks are opening higher on Wall Street Wednesday. Oil prices are in focus after the OPEC oil cartel and its allies decided to boost production in September by a much slower pace than in previous months. Wall Street is moving higher before the opening bell on Wednesday ahead of more corporate earnings and new jobs data. New Zealand and Southeast Asian markets rose.
wftv.comWall Street points higher ahead of earnings, jobs data
Financial Markets Wall Street FILE - The New York Stock Exchange on Wednesday, June 29, 2022, in New York. Stocks are falling on Wall Street Tuesday, Aug. 2, amid threats from Beijing over a possible visit by U.S. House Speaker Nancy Pelosi to Taiwan. (AP Photo/Julia Nikhinson, File) (Julia Nikhinson)NEW YORK — (AP) — Wall Street is moving higher before the opening bell on Wednesday ahead of more corporate earnings and new jobs data. Markets are also on watch for potential economic ramifications from China after U.S. House Speaker Nancy Pelosi’s visit to Taiwan. New Zealand and Southeast Asian markets rose.
wftv.comTwo top House Dems decline to say Biden should run in 2024
(AP Photo/Mary Altaffer, Pool) (Mary Altaffer)NEW YORK — (AP) — Two powerful House Democrats from New York each declined Tuesday to say that President Joe Biden should run for the White House again in 2024. Nadler, who chairs the House Judiciary committee, said: “Too early to say. New York Democratic Rep. Alexandria Ocasio-Cortez, who is more progressive than Nadler, Maloney and Manchin, also demurred when asked in a June CNN interview to say whether she would support Biden running in 2024. But as the oldest person to have ever assumed the presidency, Biden has faced persistent questions about whether he will run for a second term. Patel, who has cast his campaign around a need for fresh voices in politics, said simply, "Yes," when asked if Biden should run again.
wftv.comRed Sox to pay Hosmer minimum, Padres owe more than $43.56M
The Red Sox will be responsible for paying Eric Hosmer only the major league minimum salary after acquiring him from the Padres. As part of Tuesday's trade, San Diego agreed to pay Boston up to $43,566,713, according to details of the agreement obtained by The Associated Press. San Diego will pay $6,786,813 this year, which covers all but $246,154 of the $7,032,967 Hosmer is owed for the rest of this season.
news.yahoo.comRobinhood cuts 23% of its workforce as fewer users trade
NEW YORK — (AP) — Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app. The highest inflation in 40 years and sharp hikes in interest rates by the Federal Reserve to combat it have sent prices reeling across all kinds of financial markets, particularly those popular among Robinhood customers. Bitcoin has fallen to roughly $23,000 from its record of nearly $69,000, with prices crashing across the crypto ecosystem. All that tumult means Robinhood saw its number of monthly average users drop, which hurts the company because it does best when its customers are trading a lot. Altogether, Robinhood reported a net loss of $295 million, or 34 cents per share, for the three months through June.
wftv.comYankees get OF Bader from Cardinals for LHP Montgomery
Royals Yankees Baseball New York Yankees starting pitcher Jordan Montgomery throws against the Kansas City Royals during the second inning of a baseball game, Sunday, July 31, 2022, in New York. (AP Photo/Noah K. Murray) (Noah K. Murray)NEW YORK — (AP) — The Yankees acquired Gold Glove-winning center fielder Harrison Bader from the St. Louis Cardinals for left-hander Jordan Montgomery ahead of Tuesday's trade deadline, a surprising deal aimed at improving defense. A speedy 28-year-old from Bronxville, New York, Bader has not played since June 26 because of plantar fasciitis in his right foot. Montgomery, who could make his Cardinals debut against the Yankees this weekend, is 22-20 with a 3.94 ERA in six big league seasons. Both Bader and Montgomery are eligible for free agency after the 2023 season.
wftv.comMicrosoft blames economic woes for missing profit targets
Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years.