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Meta to announce another round of layoffs as part of restructuring plan

Published Tue, 19 Nov 2024 07:28:31 GMT

MENLO PARK, Calif. (KRON) -- A not so good morning Wednesday for thousands of Meta employees who could be waking up to news that they’ve been laid off or that they’re entire team has been restructured with new management.Reports from Bloomberg say an internal memo was sent out to managers at meta, Facebook's parent company, to expect layoffs and restructuring this Wednesday morning. The exact number of layoffs for today is unknown. Judge tentatively OKs $725M Facebook settlement: How to apply for a payout This announcement is said to be part of a cost cutting plan that will end with around 10,000 positions being cut.Reports say those being affected by this will be groups at Facebook, WhatsApp, Instagram and Reality Lab. This is the second round of layoffs the company has done. The first was back in November when it cut around 13 percent of its workforce resulting in around 11,000 jobs being lost.Reports say this internal memo says employees that have not been laid off—will be re-a...

Boehly facing big decisions at Chelsea as season falls flat

Published Tue, 19 Nov 2024 07:28:31 GMT

With his head bowed and his hands in his pockets, Todd Boehly had a rueful look as he walked across the field at Stamford Bridge and likely toward a locker room containing one of the most expensively assembled squads in soccer.Chelsea had just been eliminated from the Champions League by Real Madrid, effectively ending a wild first season under the club’s American ownership fronted by Boehly.It’s mid-April, a time of the season when the team is typically in contention for trophies, domestically and in Europe. Not this year.No manager. No silverware. Seemingly no real direction in a new regime that has overseen an unprecedented level of spending — $630 million — over the last two transfer windows.And just look where it’s gotten them.“I think the first step has been made — an incorrect step, but it has been made,” said Chelsea defender Thiago Silva, who described it as a “hard period for the club, with a lot of indecision.”Indeed, the upcoming weeks and months heading into the o...

US trade rep seeks close economic security ties in Asia

Published Tue, 19 Nov 2024 07:28:31 GMT

TOKYO (AP) — The United States hopes to deepen trade ties with Japan as it fortifies cooperation on economic security with its Asian allies and partners, the top U.S. trade envoy said Wednesday. U.S. Trade Representative Katherine Tai’s visit to Tokyo follows a trip to the Philippine capital, Manila, that she said highlighted a newly emerging partnership among the three countries as they build both economic and defense ties. Tai met with Japanese Foreign Minister Yoshimasa Hayashi to discuss making supply chains more resilient and secure, the Japanese Foreign Ministry said in a statement. Tai also reviewed the status of negotiations on the Indo-Pacific Economic Framework, or IPEF, a new trade pact proposed by Washington, emphasizing the importance of cooperation with Japan, it said. The framework has 13 members, including the U.S., that account for 40% of global gross domestic product: Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippi...

How to create and maintain a family budget

Published Tue, 19 Nov 2024 07:28:31 GMT

Your money shouldn’t be a mystery, but it is to many people. In fact, 65% of Americans don’t know what they spent last month, according to a 2020 survey conducted by budgeting app Mint.“People are always more optimistic about their finances than they should be,” says Howard Dvorkin, a certified public accountant and chairman of Debt.com.That optimism, combined with a lack of knowledge about where money is going, could lead people down the path to debt or even bankruptcy. However, a family budget can serve as a map to keep you on the road to financial stability.How to make a family budgetBefore sitting down to make a family budget, you need to understand and embrace the importance of this financial tool.“The most important step is the mindset,” says Tatiana Tsoir, a certified public accountant and advisor with consulting firm The Bold Method. “You need to understand why you want or need it.”For some people, a budget can provide a way to...

Community Trust Bancorp: Q1 Earnings Snapshot

Published Tue, 19 Nov 2024 07:28:31 GMT

PIKEVILLE, Ky. (AP) — PIKEVILLE, Ky. (AP) — Community Trust Bancorp Inc. (CTBI) on Wednesday reported net income of $19.3 million in its first quarter.The Pikeville, Kentucky-based bank said it had earnings of $1.08 per share.The bank holding company for Community Trust Bank posted revenue of $74.7 million in the period. Its revenue net of interest expense was $57.9 million, surpassing Street forecasts._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTBI at https://www.zacks.com/ap/CTBISource

Rocky Mountain National Park visits slid again in 2022

Published Tue, 19 Nov 2024 07:28:31 GMT

DENVER (KDVR) — Colorado's most popular national park has still not recovered the number of visitors it had at the end of the last decade. Park attendance fell across all U.S. National Parks Service areas in April 2020, when the service canceled all park attendance. COVID pandemic restrictions thinned out the crowds throughout 2020, and they have still not bounced back to their record highs from 2019. 8 iconic restaurants only found in Colorado In fact, Rocky Mountain National Park visitations have been sliding annually, according to federal records.There were 4.3 million recreational visitors to Rocky Mountain National Park last year. This is not only the lowest park turnout since 2016, but lower even than in 2021 after the parks service lifted restrictions.The park's attendance had reached record levels before the onset of the COVID pandemic along with Colorado's population boom. Prior to the mid-2010s, attendance had rarely exceeded 3 million recreational visitors a year. From...

Local coffee shop serving up more than lattes for Earth month

Published Tue, 19 Nov 2024 07:28:31 GMT

DENVER (KDVR) — A local coffee shop is serving up much more than lattes and pastries this month. Blue Sparrow Coffee has an in-depth sustainability report all the way down to its water bills.Their coffee started in 2017, and then over the last two years, the sustainability really got going.Food and beverage is a really interesting space to work on sustainability because it's so customer driven. That’s where Blue Sparrow Coffee started, with the customer’s trash. Now this year, they have a full gown of it on display to show off their sustainability report."The star of the sustainability report is this gown made by local designer Alejandro Gaeta. It's made completely from products within the store. The bottom is made from pastry bags. The detail in the flower are to–go handles dipped in coffee. The dress is dyed with coffee and matcha powder. The dress is all single-use cups that were disposed of and cut up and then sewn into this beautiful gown." said Sara Van Hatten, sustainability ...

The viral new ‘Drake’ and ‘Weeknd’ song is not what it seems

Published Tue, 19 Nov 2024 07:28:31 GMT

(CNN) — One of the buzziest songs recently circulating on TikTok and climbing the Spotify charts featured the familiar voices of best-selling artists Drake and the Weeknd. But there’s a twist: Drake and The Weeknd appear to have had nothing to do with it.The viral track, “Heart on My Sleeve,” comes from an anonymous TikTok user named Ghostwriter977, who claims to have used artificial intelligence to generate the voices of Drake and The Weeknd for the track.“I was a ghostwriter for years and got paid close to nothing just for major labels to profit,” Ghostwriter977 wrote in the video comments. “The future is here.”“Heart on my Sleeve” racked up more than 11 million views across several videos in just a few days and was streamed on Spotify hundreds of thousands of times. The original TikTok video has seemingly been taken down, and the song has since been removed from streaming services including YouTube, Apple Music and Spoti...

Suspect arrested after 2 cheerleaders shot in Texas supermarket parking lot after one opened door to wrong vehicle

Published Tue, 19 Nov 2024 07:28:31 GMT

(CNN) — Authorities have arrested the man they say shot two teenage cheerleaders after one said she mistook the suspect’s vehicle as her own in a supermarket parking lot near Texas’ capital — at least the third incident this week in which young people who’d made an apparent mistake were met with gunfire.Pedro Tello Rodriguez Jr., 25, was taken into custody early Tuesday, the Elgin Police Department said in a news release later that morning.Officers responding just after midnight Tuesday to an H-E-B supermarket parking lot found two people in a vehicle who’d been struck by bullets, police said, citing preliminary reports. One with serious injuries was rushed by helicopter to a hospital and in critical condition, while the other was treated at the scene, the release said.The latter girl had gotten out of a friend’s car and opened the door to a vehicle she thought was hers, only to find a man sitting in the passenger seat, she said during a liv...

Driver with revoked license charged in death of Milwaukee 15-year-old

Published Tue, 19 Nov 2024 07:28:31 GMT

MILWAUKEE (WDJT) — A Milwaukee man has been charged in a fatal crash that killed 15-year-old Donkeise Caldwell.Shayqwen Thompson, 25, is charged with knowingly operating a motor vehicle with a revoked license, causing the death of another.According to a criminal complaint, Thompson struck Caldwell while he was crossing the street near 91st and Good Hope Road April 14. The complaint says Caldwell and his friends had left Vincent High School to get candy from Walgreens, and while heading back, Caldwell jogged across the northbound lane of N. 91st Street. It says he crossed over the median and was running in the southbound lane, getting to the middle of the road before appearing to turn to try to make it back. At this point, the victim was hit by an oncoming car driven by a man later identified as Thompson.Investigators spoke with another witness who said he saw two young males crossing N. 91st Street when one of the boys stepped into the southbound lane of traffic. He said the s...