Top Editors Abruptly Leave Village Voice Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More
Sears Didn't Move Fast Enough, CEO Says Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More
Judge denies $20M severance deal for AMR CEO A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
Nike's planned running releases have retail analysts optimistic for 2025.tibor5/Getty ImagesNike plans to launch new running shoes this year. In 2024, Nike trailed competitors like Asics and Adidas in running-shoe launches. BMO analysts are optimistic about Nike's 2025 lineup despite past performance challenges. Nike's shoe competitors were on a tear in 2024, so expectations are high for the sportswear giant this year.
The 2025 Hyundai Ioniq 5 N in "Soultronic Orange" paint. Benjamin Zhang/Business InsiderThe Hyundai Ioniq 5 N is the new high-performance version of the compact EV SUV. I was impressed by the Ioniq 5 N's retro rally car styling, supercar performance, and advanced tech. The Ioniq 5 N falls short on range.
Jason Oppenheim says filming for season nine of "Selling Sunset" is on hold. Gilbert Flores/Variety via Getty ImagesJason Oppenheim said filming for "Selling Sunset" season nine is on hold because of the LA fires. He said the Oppenheim Group has instead focused on efforts to help those who have lost their homes.
Spencer Platt/Getty ImagesEarnings season begins this week, with major US banks starting to report on Wednesday. Investors are focused on mega-cap tech earnings and the potential impacts of a strong US dollar. Goldman Sachs highlighted three trends to watch for in the upcoming earnings season. Earnings season kicks off this week, with 6% of the S&P 500 set to report fourth-quarter results.
Getty Images; Alyssa Powell/BIThe postelection rally in stocks was officially wiped out on Monday. At intraday lows, the S&P 500 was about 0.2% below its Election Day close. Investors are growing skittish about spiking bond yields and the prospect of higher inflation. The stock-market rally fueled by Donald Trump's election win — which extended as far as 5.5% — has been wiped out.
Pete Hegseth, a Fox News host who Trump has nominated to serve as secretary of defense. Kevin Dietsch/Getty ImagesPete Hegseth, Trump's controversial pick to be the secretary of defense, made millions at Fox News. He's received $4.6 million in salary income from the network since the beginning of 2023. He's also made $900,000 from 41 paid speeches and hundreds of thousands more from books.