Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. Saul Loeb | AFP | Getty Images All 23 of the U.S. banks included in the Federal Reserve’s annual
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In this article META EBAY AMZN Follow your favorite stocksCREATE FREE ACCOUNT Locked up merchandise, to prevent theft in Target store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images The Inform Act, a new law that aims to curb organized retail theft and the sale of counterfeit and harmful products on
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain. Cristina Arias | Cover | Getty Images Eli Lilly’s experimental drug helped patients lose up to 24% of their weight after almost a year, the highest reduction seen in the obesity treatment space to
Bob Iger, CEO of The Walt Disney Company, left; David Zaslav, CEO and president of Warner Bros. Discovery, center; and Bob Bakish, president and CEO of Paramount Global. Getty Images Companies and industries have ups and downs. The legacy media industry is in a valley. The first half of 2023 has been a colossal disappointment
Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in
Oddity Il Makiage Coutesy: Oddity Beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public Friday as the once-frozen IPO market warms up. The Israel-based company plans to trade on the Nasdaq using the ticker ODD. The company didn’t immediately disclose how the offering would be priced
In this article ABI-BE TGT Follow your favorite stocksCREATE FREE ACCOUNT Illustration by Gene Kim Attacks against businesses for their inclusion of the LGBTQ+ community have forced companies to try to strike a balance between expressing values or risking backlash — and even violence — from a small but vocal part of their customer bases.
PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut. Fred Kfoury | Icon Sportswire | Getty Images Key lawmakers on Wednesday invited the officials behind the proposed deal between the PGA Tour and Saudi-backed rival LIV Golf to testify at a Senate
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California. Mario Tama | Getty Images Novo Nordisk on Tuesday sued five medical spas and wellness clinics for allegedly selling cheaper, unauthorized versions
From drive-thru to back-of-house operations to predictive ordering for consumers, restaurant brands are starting to pilot artificial intelligence to streamline food service. The technology has yet to reach critical mass at major chains but has the potential to automate more tasks and give restaurant workers the opportunity to have a more meaningful experience with guests.
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT An employee works at the Airbus A350 assembly site, in Colomiers near Toulouse, south-western France, on December 9, 2022. Valentine Chapuis | AFP | Getty Images A lot has changed in the four years since one of the aviation industry’s biggest air shows was held
Vice Media Group logo Pavlo Gonchar | Lightrocket | Getty Images When Suroosh Alvi, Gavin McInnes and Shane Smith founded Vice magazine, which later expanded to Vice Media, they built a business based on a punk rock, counterculture image. Smith once had himself recorded, nearly naked and drinking alcohol, giving a tour of the media organization’s