Mayor Bill de Blasio said Friday that the NYPD’s $ 6 billion budget cuts would be “very, very substantial” amid calls to cut $ 1 billion from the department’s coffers. “We are working with the City Council at this time. We don’t have a final dollar figure, but we will …
Read More »Stock market gains despite coronavirus spread, disappointing unemployment claims
Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Macy’s Accelerates Cost Reduction With Plans To Lay 3,900
Text size Justin Sullivan / Getty Images Macy’s said Thursday it planned to fire at least 3,900 workers in an effort to cut costs. The troubled retailer says the job cuts are part of a restructuring that it hopes to save $ 365 million in costs this year and $ …
Read More »Retired New York police officer faces 25 years for shooting a spectator in the middle of a fight
The former New York police officer charged with shooting an innocent bystander during an argument at a sushi restaurant in Queens was arrested and faces up to 25 years in prison on charges including assault and criminal possession of a weapon, authorities said. . Former police officer Dwayne Chandler, a …
Read More »Here’s what won’t reopen in New York Phase Four
It turns out that Phase Four of the reopening of New York State since its closure of coronavirus is not the light at the end of the tunnel, as gyms, shopping malls and movie theaters will not be able to reopen in what is believed to be the final stage. …
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