Joann, the fabrics and crafts retailer that has supplied quilters, seamstresses and school projects for 80 years, announced that it would close down all of its stores in the latest chapter of financial tumult for the company. The company’s assets were auctioned off on Friday, about a month after Joann filed for Chapter 11 bankruptcy … Read more
An offshore cryptocurrency trading firm pleaded guilty on Monday in U.S. District Court in Manhattan to a charge of operating as an unlicensed money transmitting business in the United States while seeking customers in New York and other states. In pleading guilty, the Seychelles-based company that operates OKX, which the government described as one of … Read more
Friedrich Merz and his center-right Christian Democrats emerged victorious in Germany’s election on Sunday, but the celebrations may be short. The next government, almost certainly led by Mr. Merz as chancellor, faces a stagnant economy, President Trump’s threat to put tariffs on the country’s crucial export industries and a fourth year of war in Ukraine. … Read more
A Delta Air Lines flight returned to Hartsfield-Jackson Atlanta International Airport on Monday morning after the crew reported “possible smoke” inside the aircraft, prompting the pilot to declare an emergency and passengers to evacuate by slides once it safely landed, the airline and federal officials said. Flight 876, a Boeing 717 aircraft, was headed for … Read more
MSNBC said on Monday that Jen Psaki, the former White House Press Secretary who has become one of the most prominent hosts at the network, would anchor a nightly weekday show in prime-time. Ms. Psaki, 46, will host a show at 9 p.m. Tuesday through Friday, replacing Alex Wagner, a longtime political journalist who has … Read more
Starbucks is laying off 1,100 corporate employees, its chief executive said in a letter to workers on Monday, marking the coffee chain’s latest move to restructure amid lackluster sales. Brian Niccol, who took over as chief executive last fall, has vowed to woo back customers who have shied away from $8 lattes and long wait … Read more
Lester Holt, the veteran NBC newscaster and anchor of the “NBC Nightly News” over the last decade, announced on Monday that he will step down from the flagship evening newscast in the coming months. Mr. Holt told colleagues that he would remain at NBC, expanding his duties at “Dateline,” where he serves as the show’s … Read more
A clash over Musk’s latest missive Monday could bring a standoff between Elon Musk and huge swaths of the federal government, including Trump-appointed agency leaders. The fate of the latest example of Musk’s brutal management style — having government workers justify their employment by midnight or risk being fired — may reveal the limits of … Read more
Days after its chief executive met with President Trump, Apple said on Monday that it planned to spend $500 billion in the United States over the next four years, hire 20,000 people and open a new factory in Texas to make the machines that power the company’s push into artificial intelligence. “We are bullish on … Read more
The nation’s largest association of psychologists this month warned federal regulators that A.I. chatbots “masquerading” as therapists, but programmed to reinforce, rather than to challenge, a user’s thinking, could drive vulnerable people to harm themselves or others. In a presentation to a Federal Trade Commission panel, Arthur C. Evans Jr., the chief executive of the … Read more