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New Rochelle, NY
Lifestyle
'Jay Leno's Garage' Canceled, Ends New Rochelle Native's 30-Year-Run On
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As popular comedian Jay Leno recovers from a motorcycle crash, CNBC is canceling a television show focusing on his classic car collection. Earlier Report - Jay Leno Breaks Bones In New Incident Involving Classic Vehicle "Jay Leno's Garage," which has been on the air since 2015, will be canceled by the network, ending the former Tonight Show host's 30-year-run of having a show on an NBC channel, according to multiple reports. The reality show, which features Leno's classic car collection and also includes interviews with famous guests, was canceled after a large schedule shift at CNBC, …
Jersey City, NJ
News
NJ Crypto Lender BlockFi Files For Bankruptcy
New Jersey-based cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy. The company, headquartered on Montgomery Street in Jersey City, in a statement said it will "focus on recovering all obligations owed to BlockFi by its counterparties," including the now-bankrupt Bahamian cryptocurrency exchange. BlockFi also said it expects a delay in recoveries from FTX. Acting in the best interest of our clients is our top focus and continues to guide our path forward. Chapter 11 is a transparent process and we will continue to communicate with our clients to ensure they hear directly…
Massapequa, NY
Business
Amazon Plans To Lay Off Around 10,000 Employees, Report Says
A week before the holiday shopping season officially kicks off, Amazon is set to begin laying off approximately 10,000 corporate and technology employees, The New York Times reports. Job cuts at the online retail giant were expected to start the week of Monday, Nov. 14, and will primarily affect Amazon’s retail, devices, and human resources divisions, according to the outlet. The largest in its history, the layoffs would impact 1 percent of the company’s global workforce and 3 percent of its corporate employees. It follows several other cost-cutting moves that CEO Andy Jassy has implemente…
Brentwood, NY
Lifestyle
These NY Zip Codes Among Top 10 Most Expensive In US, New Report Says
Four zip codes in the Northeast rank in the Top 10 for most expensive in the United States, according to a brand-new report. The rankings, published by CNBC, were determined by median home sale prices. Three of those four zip codes are on the east end of Long Island, led by No. 2 Sagaponack (11962), which the report says has a median home sale price of $6,972,500, behind only No. 1 Atherton, California (94027), which is $9 million. The other zip codes in the Hamptons making the Top 10 were Water Mill (11976) and Bridgehampton (11932). The other Northeast zip code on th…
Greenburgh, NY
Business
Facebook Parent Company Meta Laying Off More Than 11,000 Workers
Meta, the parent company of Facebook, has just announced it is laying off more than 11,000 employees, about 13 percent of its workforce. "Today I’m sharing some of the most difficult changes we’ve made in Meta’s history," CEO Mark Zuckerberg began in a letter to employees Wednesday morning, Nov. 9. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1 (the first quarter). "I want to take accountability for these decisions and for how we got here. I know this …
New Canaan, CT
Real Estate
'Nothing Else Like It': $14.9M Estate Poised To Break Local Record In New Canaan
An estate that was listed for sale earlier this year is the most expensive property on the market in a Fairfield County town, according to a new report from CNBC. Orchard's End, located in New Canaan, at 544 Oenoke Ridge is listed for sale at $14.9 million. The property's listing agent said she believes the sale of the property will beat the current record of the most expensive home sold in New Canaan, CNBC reported. The record is currently held by a mansion sold for $14.3 million in 2014, the news outlet said. “It’s the crown jewel of New Canaan built with the highest quality mate…
White Plains, NY
Lifestyle
These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals
They say if you want to be rich, you’ve got to think like a rich person. Tom Corley, an accountant and financial planner, recently interviewed 225 millionaires as part of a five-year “Rich Habits” study and outlined his findings in a new report for CNBC. Corley said of all the people he interviewed, each one fell into one of four categories in how they approach money-making. Categories of Millionaires The first category is the Saver-Investors, people who make it a habit to save and invest their money. Corley said these people are constantly thinking about smart ways to grow their wealth.…
Newark, NJ
News
'Fierce And Fearless' Media Critic Eric Boehlert ID'd As Bicyclist Killed By NJ Transit Train
A media critic and trusted journalist has been identified as the bicyclist struck and killed by a train early this week in Montclair, news reports say. Eric Boehlert, 57, was struck by Montclair Boonton Line Train 1087 just before Watchung Avenue Station around 9:40 p.m., according to his wife, Tracy Breslin, and NJ Transit officials. .@EricBoehlert’s death is terrible news. I’m devastated for his family and friends and will miss his critical work to counteract misinformation and media bias. What a loss. — Hillary Clinton (@HillaryClinton) April 6, 2022 Soledad O'Brien remembered Boehl…
Massapequa, NY
Politics
Cuomo Considering Primary Run Against Hochul, New Report Says
Former New York Gov. Andrew Cuomo could become his successor’s greatest threat in a Democratic primary as he reportedly mulls a run to reclaim his seat in Albany. Cuomo is reportedly contemplating a run against currently Gov. Kathy Hochul as he continues his comeback after being forced to resign following a probe by the New York Attorney General into sexual harassment allegations against him. According to a CNBC report, Cuomo has been busy hitting the phones, reaching out to supporters about a potential gubernatorial run against his former top lieutenant. Meanwhile, his aides have been cond…
Glen Burnie, MD
Business
Russia's Invasion Of Ukraine Could Lead To Spikes In These Food Products In Addition To Oil
The Russian invasion of Ukraine is expected to cause a flux in the markets, sending the prices of energy and certain agricultural products through the roof as supply chains are further disrupted. Experts are expecting oil and gas prices to spike due to the European crisis, though some of Russia and Ukraine’s largest exports are expected to impact costs for other products overseas and stateside. Officials said that outside of energy, the price of products such as wheat, barley, corn, copper, and nickel are likely going to be on the rise as supply chains already impacted by the COVID-19 pande…
Greenwich, CT
Lifestyle
Here's Percentage Of Americans Living Paycheck To Paycheck, New Study Reveals
A new report has revealed the percentage of Americans who are living paycheck to paycheck. As of this past December, 61 percent of the population in the United States was living paycheck to paycheck, according to a collaborative report from PYMNTS and LendingClub. According to the February report, that's an increase of 7 percent compared to May. CNBC reported that rising wages have been unable to keep up with the increasing cost of living. The LendingClub report also found that 54 percent of Baby Boomers and seniors in the study reported that they were living paycheck to paycheck.
Greenwich, CT
Business
Proctor & Gamble Plans Price Hikes For These Products
Proctor & Gamble plans to raise prices on some of its products, according to a new report. CNBC reported last week that the company has announced plans to raise prices on fabric care products, such as Tide detergent, and certain personal health care products. The rise in prices of fabric care products is set to take effect on Monday, Feb. 28, and the rise in prices for personal health care products will take place in April, CNBC reported. The news outlet said P&G has already raised prices across 10 other product categories. CNBC said the decision was made as inflation rates increa…
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