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FDIC Chair Martin Gruenberg to resign after damning workplace harassment probe

Allegations of widespread sexual harassment and misconduct within the agency led to calls for Gruenberg to step down.
Martin Gruenberg sits at a microphone.
Martin Gruenberg sits at a microphone.

JPMorgan CEO Jamie Dimon signals retirement is closer than ever

The ambiguity of Dimon’s plans has made succession timing at JPMorgan one of the persistent questions for the bank’s investors and analysts. 
Interviews At JPMorgan Global Markets Conference Jamie Dimon CEO
Interviews At JPMorgan Global Markets Conference Jamie Dimon CEO

Wendy's will offer $3 breakfast deal as rivals such as McDonald’s test value meals to drive sales

Consumers have become more selective about where they spend their dollars, and some restaurants have started to see a long-expected consumer pullback.
A Wendy's restaurant in Richmond, Calif., on Aug. 9, 2021.
A Wendy's restaurant in Richmond, Calif., on Aug. 9, 2021.

Ivan Boesky, inspiration for 'Wall Street' villain Gordon Gekko, dead at 87

Though he denied saying it, contemporary reports quoted him expressing his view that greed is “healthy.”
American Financier Ivan Boesky
American Financier Ivan Boesky
2d ago

Supreme Court Justice Samuel Alito sold Bud Light owner's stock amid boycott

Conservatives targeted the brewer last year over its partnership with transgender social media influencer Dylan Mulvaney.
Associate Justice Samuel Alito  in Washington, DC. on April 23, 2021.
Associate Justice Samuel Alito  in Washington, DC. on April 23, 2021.
2d ago

Spirit Airlines gets rid of change and cancellation fees, joining Frontier

Most larger rivals, such as Delta, American, Alaska and United, got rid of change fees during the pandemic except for the cheapest, most restrictive tickets.
A Spirit Airlines 2005 Airbus A319-132 on the runway at McCarran International Airport in Las Vegas, on Oct. 24, 2021.
A Spirit Airlines 2005 Airbus A319-132 on the runway at McCarran International Airport in Las Vegas, on Oct. 24, 2021.
2d ago

Hims & Hers Health says it will offer compounded GLP-1 injections

The weight-loss drug market has faced supply constraints in recent months as Ozempic and Wegovy skyrocket in popularity.
A sisde by side split image of Hims & Hers brand injectable GLP-1 medications.
A sisde by side split image of Hims & Hers brand injectable GLP-1 medications.

From Louis Vuitton to Beyoncé's album, Black-owned businesses see 'cowboy core' boom

Purchases of Western-style boots have grown since “Cowboy Carter” dropped in March.
Photo collage of cowboy boots, "Cowboy Carter" banner, Beyoncé, and a child dressed up in a cowboy outfit
Photo collage of cowboy boots, "Cowboy Carter" banner, Beyoncé, and a child dressed up in a cowboy outfit
2d ago

As their customers age, department stores chase younger shoppers

Macy’s, Kohl’s and Nordstrom face an existential crisis as their sales slow. Will help from brands like Sephora, Toys R Us and Skims be enough?
Macys Herald Square
Macys Herald Square

Red Lobster files for bankruptcy, but restaurants will stay open

The largest seafood chain in the U.S. has been unable to regain its financial footing following the pandemic.
Red Lobster signage
Red Lobster signage
2d ago

Are consumers pulling back on spending? It depends which CEO you ask

Rising prices, falling savings and mounting credit card debt are making consumers more price-conscious, though some companies are still seeing growth.
Laxman Narasimhan
Laxman Narasimhan

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