Federal Deposit Insurance Corporation Chairman Martin Gruenberg announced Monday that he will resign, after a recent probe found a widespread culture of sexual harassment and discrimination at the independent agency.
Category Archives: business
Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500
Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission.
JPMorgan CEO Jamie Dimon signals retirement is closer than ever
Jamie Dimon’s days as CEO of JPMorgan Chase are numbered — though its unclear by how much.
Wendy’s will offer $3 breakfast deal as rivals such as McDonald’s test value meals to drive sales
Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out.
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87
Ivan Boesky, a onetime Wall Street titan-turned-convict who served as the partial inspiration for the 1987 Oliver Stone film “Wall Street,” has died at the age of 87.
The U.S. was set to move 11 detainees out of Guantanamo. Then politics got in the way, some officials say.
The Biden administration was set to move 11 detainees out of Guantanamo, but hit pause amid political concerns after Hamas attacked Israel, some officials say.
Supreme Court Justice Samuel Alito sold Bud Light owner’s stock amid boycott
On the same day Supreme Court Justice Samuel Alito sold shares in Anheuser-Busch amid a conservative boycott of Bud Light, he bought Molson Coors stock.
Spirit Airlines gets rid of change and cancellation fees, joining Frontier
Spirit Airlines is doing away with both change and cancellation fees, effective immediately, days after Frontier’s similar announcement, part of an overhaul of the country’s biggest discount carriers’ longtime strategy.
Hims & Hers Health says it will offer compounded GLP-1 injections
Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections as Ozempic and Wegovy soar in popularity.
From Louis Vuitton to Beyoncé’s album, Black-owned businesses see ‘cowboy core’ boom
Purchases of Western-style boots have grown substantially since “Cowboy Carter” dropped in March, according to Circana, to the benefit of Black businesswomen.