The US Treasury market extended its decline after Friday’s strong employment report strengthened expectations that the Federal Reserve will pause its interest-rate cuts for most of this year. On Monday, yields on the 10-year benchmark US debt rose to as high as 4.8%, the highest since late 2023, and pushed the 30-year yield towards 5% … Read more
A sudden surge in traffic has caused a popular website to crash due to an overwhelming number of requests. The incident, which occurred [time], left users unable to access the site. The website’s administrators have confirmed that the issue was caused by too many concurrent logins, exceeding the system’s capacity. To mitigate this problem, they … Read more
Big-name retailers like Lululemon, Abercrombie & Fitch, and American Eagle raised their fourth-quarter guidance on Monday, but shares fell as Wall Street came away unimpressed. The holiday shopping season may have been better than expected, with some early reads signaling a slight uptick in sales. However, the overall results were far from the blowout numbers … Read more
Japanese pitcher Roki Sasaki is set to make a decision on his next team in the coming week, with sources indicating that he’s considering the Los Angeles Dodgers, San Diego Padres, and Toronto Blue Jays. The 23-year-old star, known for his 100-mph fastball and devastating split-fingered fastball, was posted by the Chiba Lotte Marines last … Read more
The Buffalo Bills and Baltimore Ravens will face off this weekend in the AFC Divisional Round Playoffs, marking their second meeting in the postseason. The two teams first met in 2020, with the Bills emerging victorious 17-3. However, the rematch is more relevant due to the significant changes made by each team since October. The … Read more
The Biden administration issued sweeping new rules on Monday governing the global spread of artificial intelligence, aiming to keep advanced technology out of China and ensure its development is led by the United States and its allies. The rules create a three-tier system, exempting the US and allied countries from restrictions. Companies operating data centers … Read more
Sonos Inc. has ousted its CEO Patrick Spence after eight years at the helm following a disastrous app revamp that sparked widespread customer discontent. The company has appointed former Snap executive Tom Conrad as interim CEO, effective Monday. In a statement, Sonos acknowledged it had “let far too many people down” amid declining growth and … Read more
WIS alumnus Craig Melvin marked a major milestone in his career as he officially joined the Today show as co-anchor, surrounded by friends and family. Melvin, who graduated from Columbia’s Wofford College in 2001 with a degree in government, was warmly welcomed by fellow anchor Savannah Guthrie on Monday. The two shared a heartfelt moment, … Read more
New York City’s congestion pricing program has shown promise after its first week of operation, with an average of 43,000 fewer drivers entering Manhattan below 60th Street each weekday. The tolls, which went live over a week ago, have led to a 7.5% reduction in traffic compared to projections based on previous years. Traffic times … Read more
Kohl’s, a department store chain, plans to close 27 stores across over a dozen states by April as it seeks to improve profitability. The closures are considered “underperforming” and account for a small fraction of the company’s total 1,150 stores. The decision comes after outgoing CEO Tom Kingsbury steps down on Wednesday, with Ashley Buchanan … Read more