The Supreme Court ordered an appeals court in New York to reconsider its ruling that forced religious charities to provide abortion coverage against their religious beliefs in their employee health insurance packages. The case is Roman Catholic Diocese of Albany v. Emami, court file 20-1501. The Supreme Court granted the diocese’s petition for certiorari, or…
Supreme Court Orders New York Court to Revisit Ruling Forcing Catholic Diocese to Cover Employee Abortions
Ralph Lauren Warns of Higher Supply Chain Costs to Meet Holiday Demand
Ralph Lauren Corp. said on Tuesday it expects to face higher shipping and commodity costs in the next few months as the high-end apparel maker is spending heavily to ensure stores are stocked with its Polo shirts and sports jackets during the holiday season. The New York-based company’s shares fell 4 percent in morning trade…
Futures Slip on Fed Angst; Tesla Slides After Record Run
U.S. stock index futures slipped on Tuesday, pointing to a slight easing from record highs for Wall Street indexes as investors took to caution ahead of the Federal Reserve’s widely expected move to start tapering its monthly bond purchases. Major Wall Street lenders Bank of America Corp., Wells Fargo & Co., Goldman Sachs, Citigroup, and…
2,300 NYC Firefighters Off Duty After Vaccine Mandate Kicks In, Force Stretched to Cover Gaps
Around one-fifth of New York City firefighters were unavailable to report for duty on Monday, most of them because they wouldn’t comply with the city’s COVID-19 vaccination requirement. The fire department (FDNY) had to suspend training and maintenance and still ended up understaffed, though maintained that operations aren’t affected. As of Nov. 1, when the vaccination…
2,300 NYC Firefighters Out Sick as Vaccine Mandate Kicks In; Force Stretched to Cover Gaps
About one-fifth of New York City’s firefighters were unavailable to report for duty on Nov. 1, most of them because they weren’t in compliance with the city’s COVID-19 vaccination requirement. While training and maintenance had to be suspended, the fire department (FDNY) still ended up understaffed, while claiming that operations weren’t affected. As of Nov. 1, when…
Macy’s Thanksgiving Day Parade to Snap Back, Add Baby Yoda
NEW YORK—The Macy’s Thanksgiving Day Parade will return to its pre-pandemic form this year, with its route restored through Manhattan, high-flying helium balloons once again pulled by handlers and crowds welcomed back to cheer them on. And Baby Yoda is joining the party for the first time. This year’s parade—the 95th annual—will snap back to…
9,000 NYC Workers, Including Firefighters and Officers, on Unpaid Leave Over Mandate: Mayor’s Office
About 9,000 New York City workers, including firefighters and police officers, were placed on unpaid leave Monday for not complying with Mayor Bill de Blasio’s COVID-19 vaccine mandate. “Nine thousand people [were] placed on leave without pay today,” Mitch Schwartz, a spokesperson for de Blasio’s office, told media outlets on Monday. “The rest are in…
Dollar Edges Lower as Fed Policy Decision Looms
NEW YORK/LONDON—The dollar eased versus its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session as hedge funds cut back bearish bets ahead of this week’s highly-anticipated U.S. Federal Reserve policy meeting. Monetary policy in the United States, Australia, and the United Kingdom is in…
Goldman Flags Archegos-Related Lawsuits as Potential Legal Risks
Goldman Sachs Group Inc. said it had been sued for alleged insider trading related to the Archegos meltdown earlier this year, flagging the lawsuits as potential legal risks in a filing on Monday. The lawsuits were filed by shareholders of three companies—Vipshop Holdings Ltd, GSX Techedu Inc., and Tencent Music Entertainment Group—and accuse the bank…
Wall Street Mixed Ahead of Federal Reserve’s Policy Meet
U.S. stock indexes eased from intraday record highs on Monday, dragged down by Microsoft and other mega-cap technology stocks, while data showed U.S. manufacturing activity slowed in October amid supply chain disruptions. All the major indexes had scaled new peaks earlier in the session, with the blue-chip Dow hitting 36,000 points for the first time….
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