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☆ Citigroup to cut 20,000 employees
▼ + stars: | 2024-01-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023, its worst quarter in 15 years. The bank expects the reduction in headcount to save $2.5 billion over the long-term. These layoffs are part of Citi CEO Jane Fraser’s years-long effort to cut red tape at the company and boost lagging profits. Citigroup CEO Jane Fraser first announced her sweeping restructuring efforts last September.

Persons: Mark Mason, Jane Fraser’s, Fraser, ”, Manson, Jane Fraser, “ We’ll, ” Fraser Organizations: New, New York CNN, Citigroup, FactSet, Citi Locations: New York, Argentina

☆ No shortage of Christmas trees this year, but don’t expect any red-tag deals
▼ + stars: | 2023-12-02 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

As far as trees go, farms are promising there will be an adequate supply of trees this year. It typically takes eight to 10 years to grow a Christmas tree, depending on the variety and location, according to the National Christmas Tree Association, a trade group representing growers. “I haven’t heard of any community in America where people haven’t been able to get a Christmas tree and I don’t expect that will be the case this year,” said Tim O’Connor, executive director of the National Christmas Tree Association. The Real Christmas Tree Board, an industry trade group, in September surveyed 49 wholesale growers of Christmas trees who collectively account for two-thirds of the nation’s tree supply about their outlook for the holiday season. “The starting wholesale price is gonna be much more controlled this year than what we had to experience last year.

Persons: Fraser, haven’t, ”, Tim O’Connor, O’Conner, it’s, Marsha Gray, ” Gray, “, ” Lauren Segedin, “ We’re Organizations: New, New York CNN, Association, Tree Association, Board Locations: New York, America, Glenville , North Carolina, Fraser Fir

☆ Jill Biden unveils White House holiday decorations
▼ + stars: | 2023-11-28 | by ( Christy Choi | Sam Fossum | ) edition.cnn.com time to read: +3 min

CNN —Complete with 98 Christmas trees, 72 wreaths and 2.8 miles of ribbon, the White House has been transformed into a classic winter wonderland for the holidays. The little engine that could: A vintage toy train chugs around the base of a Christmas tree in the Blue Room. The White House expects some 100,000 people to visit during the holiday season. Decorations in the Vermeil Room celebrate music and performance, complete with a mechanical theater featuring rotating United States Marine Band figures. Evan Vucci/APDeck the halls: The White House's China Room transformed into a dessert shop, tables laden with festive treats.

Persons: Santa Claus, Fraser, Jill Biden, Joy ”, ”, Biden, It’s, Evan Vucci, children’s, Gerald Ford, Kevin Dietsch, Saint Nick, Mandel Ngan Organizations: CNN, White, National Guard, Historical Association, United States Marine, Santa, Getty Locations: China, Santa, AFP

The traditional gingerbread White House recreates the classic story by featuring a sugar cookie replica of the book along with Santa's sleigh flying above the grounds. The White House released a fact sheet and was allowing the news media to see all the trees, lights and ornaments before the first lady’s event. National Guard families, who were joining Biden as part of Joining Forces, her White House initiative to show appreciation for military families, will be among the first members of the public to see the decorations. The official White House Menorah is on display in the Cross Hall, which runs between the State Dining Room and the East Room. Seventy-two wreaths sporting red ribbons adorn the north and south exteriors of the White House.

Persons: Jill Biden, ”, decorators, Fraser, “ Organizations: WASHINGTON, White, National Guard, Biden, Forces, North American, Disney, Cross Locations: China

One of our favorite Cyber Monday Christmas decor deals is Balsam Hill's 50% off sale. The retailer makes our top overall pick for the best artificial Christmas tree, the Balsam Hill 6.5-Foot Fraser Fir Artificial Christmas Tree, which is currently $400 off. Keep an eye on this article through the end of Cyber Monday, November 27, for more great Christmas tree and decor deals. Best Cyber Monday Christmas tree deals todayOur editors have assembled some of the best artificial Christmas trees and found that the top contenders are durable and look almost as good as a real tree when decorated. Best Cyber Monday Christmas lights deals right nowWhether your decorations are straight from a Hallmark movie or you tend to forget until the last minute, we've compiled a list of the best Christmas lights including smart lights, projectors, and everything in between.

Persons: they're, we've Locations: Balsam

☆ How to choose the best Christmas tree, according to science
▼ + stars: | 2023-11-25 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

Some aspects of choosing a live Christmas tree, like shape, color, and aroma, are subjective. Two Christmas tree experts explain how to choose between the many types of fir, pine, and spruce. Unlike fir and spruce trees, pine tree needles are clustered in groups instead of individually attached to the branch. The National Christmas Tree Association has a map for finding farms and other retailers that sell live Christmas trees. AdvertisementWhich Christmas tree has the best aroma?

Persons: —, there's, Fraser, Douglas, Noble, There's, Justin G, Whitehill, Bert Cregg, It's, Cregg, Chris Keane Whitehill, it's, Frasers, he's, Jason Reed Douglas, Mel Melcon, Jerry Holt, Bert, they'll, Alex Wong, Andrew Matthews, Tim Leedy, Paul J, Richards, Robert Nemeti, Jens Kalaene, you'll, Cesar L, Laure Organizations: Service, US Department of Agriculture, North Carolina State University, of Horticulture, Michigan State University, Northwest, REUTERS, White, Los Angeles Times, Getty, Star Tribune, MediaNews, Anadolu Agency, Call, Tribune Locations: Oregon, North Carolina, Michigan, Nobles , North Carolina, Douglas, Frasers, Fraser, Pacific Northwest, Europe, Canaan, Allentown

One of our favorite Black Friday Christmas decor deals is Balsam Hill's 50% off sale. The retailer makes our top overall pick for the best artificial Christmas tree, the Balsam Hill 6.5-Foot Fraser Fir Artificial Christmas Tree, which is currently $200 off. Keep an eye on this article through the rest of today, November 24, for more great Black Friday Christmas tree and decor deals. Black Friday Christmas decor deals at a glanceBest Black Friday Christmas tree deals todayOur editors have assembled some of the best artificial Christmas trees and found that the top contenders are durable and look almost as good as a real tree when decorated. Best Black Friday Christmas lights deals right nowWhether your decorations are straight from a Hallmark movie or you tend to forget until the last minute, we've compiled a list of the best Christmas lights including smart lights, projectors, and everything in between.

Persons: they're, we've Locations: Balsam

The two Thanksgiving turkeys were due at the White House on Monday to play their part in what has become an annual holiday tradition: a president sparing them from becoming someone's dinner. President Joe Biden, the oldest president in U.S. history, also was celebrating his 81st birthday on Monday. Political Cartoons View All 1256 ImagesLykken introduced Liberty and Bell on Sunday at the Willard Intercontinental, a luxury hotel close to the White House. A little over 200 million turkeys will be eaten on Thanksgiving, Lykken said. Biden will eat his Thanksgiving turkey with family on Nantucket, a Massachusetts island, continuing a long family tradition.

Persons: Bell, “, ” Steve Lykken, Jennie, Joe Biden, Jill Biden, ” Lykken, —, “ gobble, gobble, hoopla, Taylor Swift, Harry Truman, George H.W, Bush, he’s, ”, Biden, Lykken, Dwight D, Eisenhower, Gerald R, Ford, Markus Platzer, Willard, ” Platzer Organizations: WASHINGTON, —, White, National Turkey Federation, Associated Press, Bell, Willard, Liberty, University of Minnesota's College of Food, Natural Resources Sciences, Norfolk Naval Locations: — Liberty, Turkey, Washington, Fleetwood , North Carolina, Liberty, U.S, Minnesota, Willmar , Minnesota, Nantucket, Massachusetts, Virginia

☆ There's no Christmas tree shortage this year despite Canada's record wildfire season, 2 experts say
▼ + stars: | 2023-11-17 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Despite the dry, smoky summer, there isn't a Christmas tree shortage, two experts said. While it caused air traffic delays and air-quality issues, it didn't affect this year's crop of Christmas trees, two experts told Business Insider. Past and future tree shortages"There's quite a bit of talk — again, internet and media and so forth — about a Christmas tree shortage," Cregg said. A report in 2014 blamed less demand during the 2008 and 2009 recession for fewer Christmas trees. Fraser firs are one of the most popular species of Christmas trees in the US and face challenges due to climate change.

Persons: Justin G, Whitehill, Bert Cregg, he's, Steve Reiners, —, Cregg, That's, Fraser, Chris Keane, Greg Hann, you've Organizations: Service, North Carolina State University, of Horticulture, Michigan State University, Cornell University, Association, YouTube, Tree Producers Association, Milwaukee Journal Sentinel Locations: Michigan, Wisconsin

Running from October 10 to 11, now is the time to stock up on Christmas lights, artificial trees, and decor. Over the next two days, we expect to see a surge in Christmas deals ahead of the holiday season. The best Christmas tree deals The Puleo International Pre-Lit Flocked Fraser Fir Artificial Christmas Tree makes decorating for Christmas a breeze. The best Christmas light dealsWhether your decorations are straight from a Hallmark movie or you forget until the last minute, we have compiled a list of the best Christmas lights from smart lights to projectors and everything in between. The best Christmas decor dealsWhile a Christmas tree and lights are essential, you can add to the holiday cheer by introducing decor elements throughout your home.

Organizations: Hallmark, Lit Locations: Amazon

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