Category Archives: WBAP 24/7 News

Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels

Ex-Thief Says He Warned Louvre of Security Weaknesses Around Crown Jewels

PARIS (AP) — Days after eight pieces of the French crown jewels were stolen from the Louvre, a former bank robber who once toured the now-infamous Apollo Gallery for a Louvre podcast says he warned a museum official of weaknesses in security. David Desclos, a reformed career burglar, told The Associated Press on Tuesday that…MORE

Federal Reserve Likely to Cut Key Rate Wednesday and May Signal Another Cut to Follow

Federal Reserve Likely to Cut Key Rate Wednesday and May Signal Another Cut to Follow

WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cut Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto…MORE

Amazon Cuts 14,000 Corporate Jobs as Spending on Artificial Intelligence Accelerates

Amazon Cuts 14,000 Corporate Jobs as Spending on Artificial Intelligence Accelerates

Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence. “The reductions we’re sharing today are a continuation of this work to get even stronger by further reducing bureaucracy, removing layers, and shifting resources to ensure we’re investing in our biggest bets and what matters most to our…MORE