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CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud

Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Friday sued the operator of

CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud Read More »

Starbucks baristas strike in three U.S. cities during pre-Christmas rush

Starbucks baristas strike in three U.S. cities during pre-Christmas rush

Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023.  Victor J. Blue | Bloomberg | Getty Images Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on

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From Nike to Intel, CEO departures at U.S. companies hit a record this year

From Nike to Intel, CEO departures at U.S. companies hit a record this year

Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images) TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty Images Retired, ousted or poached, CEOs headed for the exits this year. U.S. public

From Nike to Intel, CEO departures at U.S. companies hit a record this year Read More »

Nike jumps 8% after retailer posts better-than-feared results in Elliott Hill’s first quarter as CEO

Nike jumps 8% after retailer posts better-than-feared results in Elliott Hill’s first quarter as CEO

Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024. Frederic J. Brown | Afp | Getty Images Nike on Thursday posted better-than-expected results under new CEO Elliott Hill, who said the company is taking “immediate action” to fix the business and return it to growth. While expectations were

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FDA says Eli Lilly’s weight loss drug Zepbound is no longer in shortage

FDA says Eli Lilly’s weight loss drug Zepbound is no longer in shortage

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters The Food and Drug Administration on Thursday said the active ingredient in Eli Lilly’s weight loss drug Zepbound is no longer in shortage, a decision that will eventually bar compounding pharmacies

FDA says Eli Lilly’s weight loss drug Zepbound is no longer in shortage Read More »

Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse

A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company rose 8% in premarket trading. Here’s

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How Vuori reached a .5 billion valuation by taking share from Lululemon

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day.  Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million

How Vuori reached a $5.5 billion valuation by taking share from Lululemon Read More »

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