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Recent Articles from Kira Jenkins
23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns
NEW YORK (AP) — 23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan. Anne Wojcicki, […]
Stock market today: Wall Street gains ground after shaking off four-week losing streak
Stocks are broadly higher in afternoon trading as Wall Street navigates through uncertainty amid a trade war. The S&P 500 jumped 1.4% Monday. It is coming off its first winning week after a four-week losing streak. The Dow Jones Industrial Average rose 1.1% and the Nasdaq composite rose 1.9%. Wall Street remains focused on how […]
Caught in the middle, this US oddity at the border is grappling with Trump’s trade war with Canada
POINT ROBERTS, Wash. (AP) — In the northwest corner of Washington state lies a quirky U.S. exclave so dependent on Canada’s goodwill that the strain of President Donald Trump’s tariff war is inescapable — in the sole grocery store, at any of the three eateries, and for the many residents who never voted for him. […]
Another massive deal in the building supply sector, James Hardie offers AZEK $8.75 billion
Australian building products company James Hardie Industries is buying the US outdoor products maker AZEK in a cash-and-stock deal valued at approximately $8.75 billion. The transaction includes about $386 million in debt. It’s the second large deal in the sector in less than a week, with QXO Inc. announcing on Thursday that it was buying […]
Woman accused of running high-end brothels in Northern Virginia and near Boston set to be sentenced
BOSTON (AP) — A Massachusetts woman accused of operating a high-end brothel network with wealthy and prominent clients in that state and the Washington, D.C., suburbs of Northern Virginia is set to be sentenced. Han Lee and two others were indicted last year on one count of conspiracy to persuade, entice and coerce one or […]
Judge rules DOGE’s USAID dismantling likely violates the Constitution
WASHINGTON (AP) — The dismantling of the U.S. Agency for International Development by billionaire Elon Musk’s Department of Government Efficiency likely violated the Constitution, a federal judge ruled Tuesday as he indefinitely blocked DOGE from making further cuts to the agency. The order requires the Trump administration to restore email and computer access to all employees of USAID, in[...]
Stock market today: Back down goes Wall Street as Big Tech resumes its slide
NEW YORK (AP) — Wall Street swung back down on Tuesday, and its former superstars once again led the way. The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where it tumbled by 10% from its record and then rallied for two straight days. The Dow Jones Industrial Average fell 260 points, or 0.6%, and the Nasdaq composite sank […]
Pentagon is cutting up to 60,000 civilian jobs. About a third of those took voluntary resignations
WASHINGTON (AP) — Roughly 50,000 to 60,000 civilian jobs will be cut in the Defense Department, but fewer than 21,000 workers who took a voluntary resignation plan are leaving in the coming months, a senior defense official told reporters Tuesday. To reach the goal of a 5% to 8% cut in a civilian workforce of more […]
Google to buy cybersecurity firm Wiz for $32B in largest deal in company’s history
SAN FRANCISCO (AP) — Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it’s facing a potential breakup of its internet empire. The proposed takeover announced Tuesday is part of Google’s aggressive expansion into cloud computing during an artificial intelligence boom. The [&hell[...]
Furniture manufacturer shuts down Canadian operations, moves production to N.Carolina
DELTA, British Columbia — Canadian ready-to-assemble furniture supplier Prepac has reportedly shut down its manufacturing operations in Delta, British Columbia, shifting all production to its facility in North Carolina instead. According to Unifor, the union that represents Prepac’s workers, tariffs are to blame. More than 170 workers will be laid off. “Our union has been […]
Stock market today: Wall Street holds steadier following weeks of scary swings
NEW YORK (AP) — U.S. stocks are holding steadier Monday, and the market’s scary roller-coaster ride from recent weeks is slowing. The calm trading may be short-lived, though, with a decision by the Federal Reserve on interest rates coming later in the week and worries continuing about President Donald Trump’s trade war. The S&P 500 […]
Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection
Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in […]
