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CharlesSchwab plans to cut jobs, close offices as downturn hits Wall Street

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Explore More Brokerage firm Charles Schwab said Monday it plans to lower its headcount in a bid to counter cost pressures, joining a list of Wall Street firms taking a similar path. The company, however, did not disclose the number of employees it was going to lay off. Several companies across corporate America, including Wall Street banks, have trimmed their workforce this year in a bid to rein in costs amid still-high inflation, rising interest rates and higher borrowing costs. Read More...

Crocodile slaughter: Indonesian village kills 292 crocodiles after death

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The villagers buried Sugito on Saturday, but putting his body into the ground was not a calming act of catharsis. Instead, mourners in the Sorong district of West Papua, Indonesia, gathered shovels and hammers, clubs and ropes and went looking for the ones responsible for their countryman’s death — and hundreds more. Sugito, who worked in a tofu factory and was known only by his first name, according to the Daily Mail, had been collecting grass for his cattle or possibly vegetables Friday when he wandered into a licensed sanctuary that breeds endangered saltwater and New Guinea crocodiles. Read More...

Doc Rivers will replace Adrian Griffin as Bucks coach

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The Milwaukee Bucks agreed to hire Doc Rivers as their coach Wednesday, according to two people with knowledge of the agreement, one day after abruptly firing first-year coach Adrian Griffin despite a 30-13 start. Rivers has a 1,097-763 (.590) record across 24 seasons coaching the Orlando Magic, Boston Celtics, Los Angeles Clippers and Philadelphia 76ers, and the 62-year-old was recognized by the NBA in 2022 as one of the top 15 coaches in league history. Read More...

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