The John D. and Catherine T. MacArthur Foundation announced Tuesday its 2024 class of fellows, often known as recipients of the “genius grant.” The 22 fellows will each receive a grant of $800,000 over five years to spend however they want. They were selected from nominations in a yearslong process that solicits input from their … Read more
NEW YORK — The 12-month grace period for student loan borrowers ended on Sept. 30. The “on-ramp” period helped borrowers who are struggling to make payments avoid the risk of defaulting and hurting their credit score. “The end of the on-ramp period means the beginning of the potentially harsh consequences for student loan borrowers who … Read more
WASHINGTON — Speaker Mike Johnson laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when Donald Trump was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school. Johnson emphasized five main … Read more
TOKYO — The International Olympic Committee’s three major Japanese sponsors — Toyota, Panasonic and Bridgestone — are terminating their contracts. This leaves the IOC without a Japanese sponsor with the focus now expected to shift to the Middle East and India for new sponsorship income. Japanese sponsors have turned away from the Olympics, likely related … Read more
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty Images Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm. … Read more
Nigel Blow, a long-serving former Harrods executive, has decided not to become the boss of department store Fenwick despite being due to start in the role this month, the BBC has learned. Mr Blow worked at Harrods for 14 years from 1992 to 2007, a period when the luxury London store was owned by Mohamed … Read more
EPA Sub-postmasters impacted by the Horizon IT scandal will not all receive compensation payments by March next year, the government’s Post Office minister has said. Gareth Thomas said it would be “difficult” to achieve such a deadline, after calls from former sub-postmaster and campaigner Sir Alan Bates. Sir Alan urged the government to set a … Read more
Rob Marciano, the weatherman who was ousted by ABC News in April following an alleged angry outburst at a “Good Morning America” producer, has been hired by CBS News, according to a report. Marciano, who had a reported history of “anger management issues” at the Disney-owned network, will join CBS News as part of its … Read more
A growing number of Gen Zers plan to pursue traditional blue-collar jobs in trades like welding, plumbing and electrical work as young adults lose faith in the value of a college degree, according to a new study. About 23% of Americans who are not currently working in the trade field say they plan to move … Read more
Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid stiff competition from newer brands globally, sending its shares down 6% after hours. It had earlier forecast a mid-single-digit percentage range decline in annual revenue. The company is yet to see sales benefits from its drive to … Read more