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NY Daily News slashes newsroom staffing in half

The New York tabloid Daily News cut half of its newsroom staff Monday including Jim Rich, the paper’s editor in chief. The paper was sold to Tronc Inc. last year for $1, with the owner of the Chicago Tribune assuming liabilities and debt. The newspaper has been a key fixture in New York City for the last century. …read more […]

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Some Uber passengers are reportedly getting hit with $150 fines after drivers allegedly commit 'vomit fraud'

Some Uber drivers are reportedly charging customers $80 to $150 after falsely reporting that riders vomited inside their vehicles, according to a Miami Herald report. As detailed by the Miami Herald, the Uber driver sends false photos of the incident to Uber management, who then initiates the fee. …read more […]

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Tesla says supplier discount request was for ongoing projects

The Wall Street Journal had reported on Sunday that Tesla had turned to some suppliers for a refund of previously made payments in a bid to turn a profit, citing a memo sent by a Tesla global supply manager. Concern that the memo signalled that money-losing Tesla was scrambling to find cash to fund its current operations and multiple long-term projects had sent shares down. Any pricing adjustments would improve Tesla’s “future cash flows, but not impact our ability to achieve profitability in Q3,” the spokesperson added. …read more […]

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Trump tries to cast fresh doubt on Mueller’s ‘Witch Hunt’

Trump also said former campaign adviser Carter Page, the subject of government documents released over the weekend, wasn’t a spy or an agent of Russia. “Carter Page wasn’t a spy, wasn’t an agent of the Russians – he would have cooperated with the FBI. It was a fraud and a hoax designed to target Trump,” the president said in a series of tweets quoting Tom Fitton, president of the conservative watchdog group Judicial Watch. …read more […]

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Storied tabloid N.Y. Daily News slashes half its news staff

The New York Daily News, the city’s scrappy, 99-year-old tabloid, is laying off half of its editorial staff, as U.S. newspapers continue to struggle with sharply declining advertising revenue and readership, it said on Monday. The cuts at the Pulitzer Prize-winning daily paper, known for eye-catching front-page headlines and taking on the city’s power players, including real estate developer Donald Trump long before he was elected president, drew criticism from both average readers and politicians who bristled at how the paper covered them. Owner Tronc Inc said the cuts are intended to make the paper a stronger competitor …read more […]

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US existing-home sales fell 0.6 percent in June

U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers. The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.38 million. Sam Khater, chief economist at mortgage buyer Freddie Mac, said the lack of meaningful pay raises could weigh on the housing market. …read more […]

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Tesla shares drop on report that it asked suppliers for refunds

Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091?mod=hp_lead_pos4 on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players. Tesla did not respond to a series of emails and phone calls seeking comment. …read more […]

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Managing Debt in Retirement Takes Some Planning

Owing money in retirement isn’t ideal — but most people do. Seventy percent of U.S. households headed by people ages 65 to 74 had at least some debt in 2016, according to the Federal Reserve’s latest Survey of Consumer Finances. Mortgage debt, especially, can be a huge burden in retirement. …read more […]

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Tesla shares drop on report that it asked suppliers for refunds

Tesla has asked some suppliers to refund money paid by the electric car maker since 2016, the Wall Street Journal reported on Sunday citing a memo. The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players. Tesla could not be immediately reached for comment, although the WSJ quoted the company as confirming it is seeking price reductions for projects, some of which date back to 2016. …read more […]