The sale of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx to a group led by former MLB star Alex Rodriguez and e-commerce entrepreneur Marc Lore has gained unanimous approval from the NBA’s board of governors, the league announced on Tuesday. Rodriguez and Lore have familiarity with the Timberwolves, as they previously held minority […] ...
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Jewelry thief pleads guilty after pocketing diamonds worth $260K from Manhattan luxury storesJewelry thief pleads guilty after pocketing diamonds worth $260K from Manhattan luxury stores
An international jewelry thief — previously accused of stealing from stores in South Korea and California — has pleaded guilty to using sleight-of-hand and other techniques to steal approximately $260,000 worth of diamonds from Cartier and Tiffany & Co. in New York. Yaorong Wan, 50, pleaded guilty to grand larceny in the second degree in […] ...
Ford recalls over 130,000 Lincoln Aviators due to risk of parts detaching while drivingFord recalls over 130,000 Lincoln Aviators due to risk of parts detaching while driving
Ford Motor Company is recalling more than 130,000 Lincoln Aviator SUVs in the U.S. due to a possible risk of parts detaching while driving, the U.S. National Highway Traffic Safety Administration said on Tuesday. FORD USES ITS DEALERSHIP EMPIRE TO REVAMP HOW CORPORATE AMERICA HELPS CHARITIES The recall, which affects 132,914 Lincoln Aviator models between […] ...
Powell to be pressed on Fed spending, agency’s politicizationPowell to be pressed on Fed spending, agency’s politicization
Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for the second of two days of testimony. He will sit before the Senate Banking Committee, where he’s expected to face tough questions from Republican and Democratic senators. The appearance follows Powell’s testimony Tuesday before the House Financial Services Committee, where he addressed inflation, […] ...
Nvidia CEO sells $15M worth of stock as part of planned saleNvidia CEO sells $15M worth of stock as part of planned sale
Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company’s stock on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC). Huang’s stock sales were valued at roughly $15 million, with shares trading in a range of $142.50 to $145.63 during the trading sessions on Friday and Monday. The […] ...
GM’s CEO cozies up to Trump despite company’s long history of bucking ‘America First’ messageGM’s CEO cozies up to Trump despite company’s long history of bucking ‘America First’ message
General Motors CEO Mary Barra has publicly cozied up to the Trump administration in recent months, including promoting a major investment in the United States last week, but her tenure at the company has included several examples of the company shipping production and jobs overseas. “I’m actually looking forward to working with the president and […] ...
Amazon to spend $4B to expand Prime delivery services to rural AmericaAmazon to spend $4B to expand Prime delivery services to rural America
E-commerce giant Amazon is investing more than $4 billion to triple the size of its delivery network by 2026 with a focus on expanding delivery services across rural America. Tens of millions of U.S. customers in more than 4,000 smaller cities, towns and rural communities will get access to same-day and next-day delivery by the […] ...
Top five buyer-friendly housing markets offer price cuts and increased inventoryTop five buyer-friendly housing markets offer price cuts and increased inventory
Shopping for a home can be challenging, but looking for one in a real estate market that’s more favorable to buyers can help ease that pain. Realtor.com reported Monday that a handful of cities stood out in May as being the most “buyer-friendly,” offering ample inventory and plenty of homes with reduced prices. Cities in […] ...
Billionaire CEO warns he’ll close grocery stores if democratic socialist candidate wins NYC mayor raceBillionaire CEO warns he’ll close grocery stores if democratic socialist candidate wins NYC mayor race
New York City mayoral candidate Zohran Mamdani’s plan to create a network of city-owned grocery stores to drive down food costs is facing pushback from the industry, with the head of a Manhattan-based grocery chain threatening to sell or close the business if Mamdani is elected. John Catsimatidis, the CEO of grocery chain Gristedes, found […] ...
McDonald’s, Krispy Kreme end doughnut partnershipMcDonald’s, Krispy Kreme end doughnut partnership
Krispy Kreme said on Tuesday that it will no longer sell its doughnuts at McDonald’s restaurants after the partnership failed to deliver cost-effective results for the doughnut maker. “Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us,” Krispy Kreme CEO Josh Charlesworth said in a […] ...
Trump tells Congress: No one goes on vacation until the ‘big, beautiful bill’ is doneTrump tells Congress: No one goes on vacation until the ‘big, beautiful bill’ is done
As President Donald Trump’s July 4 deadline to pass his “big, beautiful bill” ticks closer, it doesn’t look like Congress will be leaving Capitol Hill anytime soon in the midst of a high-stakes workplace environment. Via a Truth Social post Tuesday morning, the president announced that not a single lawmaker is permitted to take their […] ...
Trump administration pushes back on NJ town moving to seize 175-year-old family farm via eminent domainTrump administration pushes back on NJ town moving to seize 175-year-old family farm via eminent domain
A longtime family farm in Cranbury, New Jersey, is at risk of being seized by the town through eminent domain. The situation with the farm owned by brothers Christopher and Andy Henry, which has been in their family for 175 years, recently drew notice from U.S. Department of Agriculture Secretary Brooke Rollins. Rollins said on […] ...
Online job listing company Careerbuilder + Monster files for bankruptcyOnline job listing company Careerbuilder + Monster files for bankruptcy
Online job listing company CareerBuilder + Monster filed for Chapter 11 bankruptcy protection on Tuesday. The Chicago-based company, formed by the September merger of CareerBuilding and Monster, said it agreed to sell its job board operations, its most recognizable business, to JobGet, which has an app for so-called gig workers. Monster, the older of the […] ...
Electricity prices spike for American households: Here’s what’s driving costs higherElectricity prices spike for American households: Here’s what’s driving costs higher
Electricity prices have surged over the past year, nearly doubling the overall inflation rate due to rising demand and increased investment in aging grid infrastructure. Prices rose 4.5% in May on an annual basis, according to the Bureau of Labor Statistics’ consumer price index (CPI), a broad measure of the cost of everyday goods like […] ...
Fed Chair Powell says US economy in a ‘solid position’Fed Chair Powell says US economy in a ‘solid position’
Federal Reserve Chair Jerome Powell said that the economy is in a “solid position” as the central bank monitors inflation and labor market data for signs that it needs to adjust monetary policy. “Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low, and the labor market is at or near […] ...
Bank of America CEO reveals how Trump’s historic Middle East peace deal is boosting the economyBank of America CEO reveals how Trump’s historic Middle East peace deal is boosting the economy
Markets are beginning to feel some degree of relief as conflict in the Middle East leans in the direction of resolution, according to the chairman and CEO of one of America’s biggest banks. “I think it was a pretty quick back and forth over the last couple weeks, but I think the market loves resolution,” […] ...
Trump declares China can purchase Iranian oil as market signals cautious optimismTrump declares China can purchase Iranian oil as market signals cautious optimism
President Donald Trump cleared China to purchase Iranian oil on Tuesday, eliminating longstanding sanctions limiting the trade relationship. Trump announced the move in a social media post while flying to Europe on Air Force One, adding that he hopes China will also purchase “plenty” of oil from the U.S. “China can now continue to purchase […] ...
Real estate company Compass sues Zillow over consumers ‘right to choose’Real estate company Compass sues Zillow over consumers ‘right to choose’
One of the largest U.S. residential real estate brokerage firms is taking on real estate giant Zillow over “consumer choice.” On Monday, real estate brokerage Compass filed a 60-page complaint in Manhattan federal court, claiming that Zillow is improperly refusing to list homes on its site that were first listed elsewhere. “The Zillow Ban seeks […] ...
Who will be the Democratic nominee for NYC mayor? Millions are betting liveWho will be the Democratic nominee for NYC mayor? Millions are betting live
Major decisions about who will be New York City’s next top mayoral candidate are set to be made Tuesday, and millions of Americans are betting live on their election odds. Event contract platform Kalshi recently launched market predictions for multiple NYC election-related prompts, including who will reign in the top spot for Democratic mayoral nominee […] ...
Inside Bezos’ Italian wedding extravaganza that’s costing more than you thinkInside Bezos’ Italian wedding extravaganza that’s costing more than you think
Billionaire Amazon founder Jeff Bezos and fiancee Lauren Sanchez will get married this week, and rumors are circulating about what the couple could spend for their nuptials. The wedding celebrations for Bezos and Sanchez will take place over a handful of days this week in the Italian city of Venice. Some reports have said the […] ...
Sponsors flee from National Association of Black Accountant recruiting event: reportSponsors flee from National Association of Black Accountant recruiting event: report
Sponsors fled from the National Association of Black Accountants (NABA) recruiting event earlier this month amid political pressures to silence diversity, equity, and inclusion initiatives by the Trump administration, according to a report from Bloomberg. NABA hosted a recruiting event on June 3-6 in Las Vegas, Nevada. The convention not only serves accounting firms, it […] ...
Chicago brewery wins coveted Sam Adams competition, eyes nationwide expansionChicago brewery wins coveted Sam Adams competition, eyes nationwide expansion
A Chicago brewery became reigning champion of Samuel Adams’ 14th annual Brewer Experienceship craft brewers competition, securing a financial boost that will support its continued expansion across the country. Sam Adams founder, Jim Koch, who is credited with starting the craft beer revolution four decades ago, has given loans to entrepreneurs that banks often deny […] ...
Trump pushes Congress to work over ‘very dumb, hardheaded’ Fed chair Powell ahead of testimonyTrump pushes Congress to work over ‘very dumb, hardheaded’ Fed chair Powell ahead of testimony
President Donald Trump declared that he hopes lawmakers work over Fed chair Jerome Powell on Tuesday. The Federal Reserve System board of governors chair is slated to testify before the House Financial Services Committee on Tuesday morning. In an early Tuesday morning Truth Social post, Trump, who has been vociferously critical of Powell, once again […] ...
GasBuddy expert says claims gas prices will see ‘massive spike’ are ‘incorrect on the highest level’GasBuddy expert says claims gas prices will see ‘massive spike’ are ‘incorrect on the highest level’
GasBuddy’s head of petroleum analysis spoke with Fox News Digital about rising concerns that gas prices will skyrocket after President Donald Trump ordered a strike on Iranian nuclear facilities over the weekend and the Middle Eastern nation weighs shutting down the critical Strait of Hormuz. Patrick De Haan told Fox that an increase in gas prices for […] ...
McDonald’s faces ‘economic resistance’ after rolling back DEI policiesMcDonald’s faces ‘economic resistance’ after rolling back DEI policies
McDonald’s is facing a potential boycott from customers over its decision to roll back its diversity, equity and inclusion policies. The People’s Union USA is spearheading the “McDonald’s Blackout,” which begins on June 24, after having staged an “Economic Blackout” in February. The organization, founded by Chicago-based musician and meditation teacher John Schwarz, has staged […] ...