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Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

Business News

The Levi’s brand logo on a store.  Jens Kalaene | Picture Alliance | Getty Images Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday.  Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, […]

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Here’s JPMorgan’s summer reading list for the wealthy for 2025

Here’s JPMorgan’s summer reading list for the wealthy for 2025

Business News

Along with the list of 16 books, and increase from prior lists, which had 10, this year’s Summer Reading List also includes suggested summer experiences, from the DATALAND exhibit at The Grand LA, to the SailGP racing series and the Hill Family Estate in Napa, California. “Life in Three Dimensions: How Curiosity, Exploration, and Experience

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Home Depot CFO says retailer won’t raise prices due to tariffs, reaffirms full-year forecast

Home Depot CFO says retailer won’t raise prices due to tariffs, reaffirms full-year forecast

Business News

Home Depot on Tuesday stuck by its full-year sales forecast as a top executive told CNBC the retailer won’t hike prices because of tariffs. “Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels

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JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse

JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse

Business News

Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers

JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse Read More »

USTA to invest 0 million in US Open facilities in New York

USTA to invest $800 million in US Open facilities in New York

Business News

The USTA unveils the largest single investment in U.S. Open history. USTA The  United States Tennis Association announced on Monday it will make an $800 million investment to transform and modernize tennis facilities for the U.S. Open. The project marks the largest single investment in U.S. Open history and will feature a top-to-bottom renovation of

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Novo Nordisk is betting on a CEO shake-up to regain its weight loss drug edge over Eli Lilly

Novo Nordisk is betting on a CEO shake-up to regain its weight loss drug edge over Eli Lilly

Business News

A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024.  Tom Little | Reuters Novo Nordisk is banking on fresh leadership to help it reclaim the crown in the booming weight loss drug market. The Danish drugmaker on Friday abruptly announced that

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Mortgage rates cross back over 7% after U.S. credit downgrade

Mortgage rates cross back over 7% after U.S. credit downgrade

Business News

After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% Monday, according to Mortgage

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Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership

Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership

Business News

Wendy McMahon, President and Co-Head of CBS News and Stations. Michele Crowe | CBS | Getty Images CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone. Paramount Global co-CEO George

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Bath & Body Works names recent Nike executive as its new CEO, effective immediately

Bath & Body Works names recent Nike executive as its new CEO, effective immediately

Business News

Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024. Justin Sullivan | Getty Images Bath & Body Works has a new chief executive officer, its second in less than 3 years. The personal care, home and beauty retailer has named Daniel Heaf as its new CEO, effectively immediately,

Bath & Body Works names recent Nike executive as its new CEO, effective immediately Read More »

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