Macy's said Wednesday that a rogue employee was in charge of concealing $151 million in delivery costs over almost three years. The department store chain claimed in a statement that accompanied its quarterly financial results that one employee who was in charge of accounting for small package delivery expenses purposefully made false cost entries from the fourth quarter of 2021 to the third quarter of 2024. According to a regulatory filing made by Macy's on Wednesday morning, the employee also fabricated supporting documentation. During the company's earnings call, Tony Spring, the chairman and CEO of Macy's, stated that the inquiry revealed the employee acted independently and did not seek these actions for personal benefit. According to individuals acquainted with the inquiry, the emplo...

Macy's said Wednesday that a rogue employee was in charge of concealing $151 million in delivery costs over almost three years. The department store chain claimed in a statement that accompanied its quarterly earnings results that one employee in charge of small-package delivery expense accounting purposefully made false cost entries from the fourth quarter of 2021 to the third quarter of 2024. According to a regulatory filing made by Macy's on Wednesday morning, the employee also fabricated supporting documentation. When the matter was initially made public last month, Macy's estimated that the number of incorrect entries was between $132 million and $154 million. Macy's shares fell after the disclosure, which resulted in a two-week delay in the company's quarterly results. In a statement...

In November, price rise accelerated slightly, suggesting that attempts to reduce inflation may be coming to a standstill. The Bureau of Labor Statistics said Wednesday that the consumer price index increased 2.7% over the previous 12 months. Although it was higher than the 2.6% annual rate in October, it was still in line with forecasts. The index increased by 0.3% on a monthly basis, which was higher than the 0.2% rate the month before. As in October, the "core" measure of inflation, which does not include more volatile commodities like food and gas, increased 3.3% over a 12-month period. The core index increased by 0.3% on a monthly basis, continuing its three-month trend. While shelter prices and the category that includes auto insurance saw drops, the monthly pace of price rises steppe...

On Wednesday, Apple published software upgrades for the iPhone, iPad, and Mac that contain the long-awaited ChatGPT integration with Siri. Users that ask complex inquiries to Siri activate the ChatGPT integration. Siri requests permission to access the OpenAI service when a user asks a question that Apple's algorithms determines is more appropriate for ChatGPT. Apple claims that OpenAI won't store requests and that privacy safeguards have been incorporated into the feature. The GPT-4o model from OpenAI is used in the integration. Although customers can purchase updated versions of ChatGPT through Apple, they do not require an OpenAI account to utilize the ChatGPT integration. ChatGPT is also accessible to users via some text menus. For Apple, which is depending on Apple Intelligence to spe...

Extra Special Thanks Fort Mill High School Girls Swim Team 5A Division 2 State Champions Fort Mill High School Boys Swim Team Members Turner Wiand and Dominic Impens Palmetto s Finest Record Book for SCHSL Fort Mill High School Girls Cross Country Team 5A Division 2 State Champions Fort Mill High School Boys Cross Country Team 5A Division 2 State Champions Update on Monthly Financial and Impact Fees The monthly report on impact fees and finances was given by Mrs. Leanne Lordo. Financial Report for the Month October 31st Fourth Month in Fiscal Year Total Revenue $48,561,893 The total amount spent was $67,602,607 Cash flow decrease ($19,040,714) using fund balance Vehicle tax collections $2,003,898 Real Estate taxes $3,133,252 Act 388 Tier 3 month began in Oct. $2,321,695 Imp...

November saw a little increase in price rise, which suggests that attempts to reduce inflation in the US economy may be coming to a standstill. The Bureau of Labor Statistics said Wednesday that the consumer price index increased 2.7% on an annual basis. Although it was higher than the 2.6% measure recorded in October, it was still in line with forecasts. The "core" metric, which excludes more volatile commodities like food and gas, increased 3.3%, staying constant from October. The Federal Reserve, which had intended to continue lowering interest rates as the new year got underway in concert with slower price increases, would be concerned about the delayed momentum. Analysts now predict that the Fed will most likely halt its rate-cutting intentions in January. November's potentially troub...

Macy's said Wednesday that a rogue employee was in charge of concealing $151 million in delivery costs over almost three years. The department store chain claimed in a statement that accompanied its quarterly earnings results that one employee in charge of small-package delivery expense accounting purposefully made false cost entries from the fourth quarter of 2021 to the third quarter of 2024. When the matter was initially made public last month, Macy's estimated that the number of incorrect entries was between $132 million and $154 million. Macy's shares fell after the disclosure, which compelled the company to postpone its quarterly results for two weeks. According to a statement released by Macy's chairman and CEO Tony Spring, "We have completed our investigation and are strengthening ...

Evidence of the Assad regime's violent suppression of dissent can be found in one of Syria's most infamous prisons. It is anticipated that the suspect in the death of the CEO of UnitedHealthcare will enter a not guilty plea. And the dark side of one man's participation in the U.S. body trade. What to know today is as follows. After Assad s ouster, evidence of unspeakable cruelty and an Israeli advance The most well-known gulag in Syria is the Saydnaya military jail, a lair of little concrete cells known as "thehuman slaughterhouse." In a 2017 study, Amnesty International said that during the 50-year rule of the Assad family, inmates were "regularly tortured through severe beatings and sexual violence," and that "total silence is enforced" to cause psychological agony. Days after the...

The fast-moving, 3,000-acre Malibu wildfire in Los Angeles County, California, has destroyed homes and prompted authorities to order the evacuation of almost 20,000 residents due to strong winds. As thousands of first responders attempted to contain the fire, the Los Angeles National Weather Service issued a warning Tuesday night that there was still a "very extreme fire danger" over southern California. Several well-known people who reside in the coveted coastal town of Malibu are among the evacuees fleeing Malibu. Actor Dick Van Dyke, who turns 99 on Friday, said on Facebook that he and his wife Arlene, along with all of their pets—aside from a cat named Bobo—escaped safely on Tuesday. Publicist Liz Rosenberg told the New York Times that singer Cher and her pets were also moved to a mote...

On behalf of his anti-nuclear weapons organization, a 92-year-old Japanese survivor of the 1945 U.S. atomic bombing of Nagasaki won this year's Nobel Peace Prize on Tuesday, recounting the atrocities he saw. In October, Nihon Hidankyo, better known as the Ashibakusha, a group of survivors of the U.S. atomic bombings of Hiroshima and Nagasaki, was granted the Nobel Peace Prize. Established in 1956, the group has fought for almost 70 years to eradicate nuclear weapons worldwide by trying to keep their use taboo. Japan's surrender to the Allies to conclude World War II was accelerated in 1945 when the United States utilized the bombs for the first and only time in the two Japanese cities. An estimated 140,000 people had died in Hiroshima and 70,000 in Nagasaki as a result of the bombings by t...