Columbus, OH

Reuters

(Reuters) -Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Intel plans to cut thousands of jobs to finance recovery, Bloomberg News reports

California State

Business Times

As California grapples with one of its largest wildfires in history, Ronnie Dean Stout II, the man accused of starting the Park Fire, maintains his innocence, claiming the fire began accidentally. Butte County District Attorney Mike Ramsey provided insights into the ongoing investigation, revealing conflicting accounts and strong evidence against Stout.

Park Fire Arson Suspect Denies Starting Massive California Wildfire, Evidence Tells a Different Story

King Charles' health concerns mount as he continues a grueling schedule despite his cancer battle. Queen Camilla's role is questioned as the monarch pushes himself to the limit.

'Tired And Frail' King Charles Being 'Pushed Too Far' By Queen Camilla Amid Cancer Battle: 'Everyone's Worried'

Florida State

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writer

Akeena

Wow, that's a tough situation for UKG employees in Florida. Imagine gearing up for a holiday weekend and then getting blindsided with news of massive layoffs. It's not just the number—2,200 employees, which is 14% of their workforce—but also how abruptly it was done, right before the Fourth of July.

Thousands of workers in Florida laid off by a major company

Princess Kate's public appearance at Wimbledon highlights her commitment to royal duties despite undergoing cancer treatment, while understanding Prince Harry and Meghan Markle's departure from royal life.

Cancer-Stricken Princess Kate 'Understood' Why Prince Harry, Meghan Markle Walked Away But She Was 'Trained' To Put Duty First

Fox Business

A new analyst note from BCA Research suggests the S&P 500 could slide as much as 30% within the next year as the U.S. economy enters a deep recession.

Stocks could fall 30% as US heads for a deep recession, analyst warns

OpenAI could lose as much as $5 billion in 2024, putting the startup at risk of bankruptcy within 12 months, according to a report. The Sam Altman-led company is spending more cash than it should and that could force it to bankruptcy if it doesn’t get more funding within 12 months, reported The Information.

OpenAI on verge of bankruptcy & heading for $5 billion in losses: Report

Chico, CA

California's Park Fire has surged to become the fifth largest wildfire in the state's recorded history, engulfing 383,619 acres as of Tuesday morning, according to Cal Fire. The massive blaze, which ignited in Chico's Bidwell Park on July 24, continues to pose significant challenges despite a slight increase in containment from 12% to 14%. More evacuations were lifted on Monday, but many areas around the fire's perimeter remain active, with spot fires complicating efforts to control the blaze.

California's Park Fire Grows to Fifth Largest Wildfire in State History

Denver, CO

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

The HD Post

CALIFORNIA – A month after Big Lots released its Quarter 1 results reporting a net loss of $205.0 million, or $6.99 per share, the company website shows 54 stores closing in California with a 20% off sale.

List of 54 Big Lots stores closing in California with 20% off sale

John Deere, faced with lower customer demand for equipment, declining sales, and a difficult ag economy, confirmed cuts in its global salaried workforce. Corridor Business says Deere didn’t release details on the number of salaried employees affected. In a statement, the company says it’s been forced to make tough decisions, including layoffs at John Deere production facilities and reductions in the global salaried workforce. The most recent round of cuts follow hundreds of previously announced layoffs of Deere’s production workers in recent months. The company didn’t release when the salaried workforce reductions would take place. In a statement, Deere said, “As the largest global manufacturer of agricultural equipment, John Deere, like many others, faces significant economic challenges, rising operational and manufacturing costs, and reduced customer demand, including a 20 percent decline in sales from 2023 to 2024.” Impacted employees get up to 12 months’ severance pay based on years of service.

Deere Confirms More Layoffs

Belk, Inc.’s balance sheet is looking a lot stronger. The privately-owned department store company, which operates nearly 300 stores across the Southeast, said it has completed a value-maximizing deleveraging transaction with its first and second lien lenders and equity sponsor, Sycamore Partners. Through the transaction, Belk has reduced its...

Belk reduces debt by nearly $1 billion

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Representative for Maker of Jeep SUVs and Ram Pickups Declined to Say How Many Jobs Are Targeted. [Stay on top of transportation news: Get TTNews in your inbox.]. Stellantis NV will offer voluntary buyouts to U.S. employees as the carmaker looks to cut costs amid slumping profits. Nonunionized U.S. workers...

Stellantis Offers US Employees Buyouts in New Round of Cuts

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. The company, which reported disappointing first-half results last week, said that if not enough employees participate in the buyout, involuntary terminations could follow. In...

Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

In a stark warning reminiscent of Cold War-era tensions, Russian President Vladimir Putin has cautioned the United States against deploying long-range missiles in Germany, signaling that such actions would provoke Russia to station similar nuclear-capable missiles closer to Western borders. The warning comes amid escalating geopolitical friction between the two nuclear powers.

Putin Threatens to Station Nuclear Missiles Near Western Borders if U.S. Proceeds with German Deployment

Nvidia is generating large profits from AI chip sales but faces warnings about future profitability. SK Group CEO Chey Tae-Won cautioned that the AI boom could vanish without sustained profitability. Nvidia must consider rising competition and high costs in the tech industry to maintain its market position. Chipmaker giant Nvidia...

Nvidia sent profit warning amid uncertainty of AI boom

NewsBreak

Intel Plans Thousands of Job Cuts Amid Financial Struggles and Market Share Losses

Intel Corporation is preparing to cut thousands of jobs as part of a...

Intel Plans Thousands of Job Cuts Amid Financial Struggles and Market Share Losses

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