Joann Inc., a long-time supplier of art supplies and fabrics to craft enthusiasts across the U.S., has announced plans to close all its remaining U.S. stores. This decision […]
Uncategorized
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Economy
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Jamie Dimon signals support for Musk’s DOGE, calling U.S. government ‘inefficient’ – report
JPMorgan Chase (JPM) CEO Jamie Dimon expressed support for Elon Musk’s Department of Government Efficiency (DOGE) during an interview with CNBC on Monday. Dimon criticized the U.S. government, […]
Banks
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Jamie Dimon defends viral town hall comments: ‘I’m not against work from home. I’m against where it doesn’t work.’
JPMorgan CEO Jamie Dimon clarified his stance on work-from-home policies during a CNBC interview at the bank’s global leveraged finance conference in Miami. Dimon expressed regret for using […]
Markets
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S&P 500 futures are little changed after index posts third consecutive losing session: Live updates
S&P 500 futures remained relatively unchanged on Monday evening following a third consecutive session of declines as the broad market index failed to recover from last week’s sell-off. […]
Technology
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Apple’s Major Investment Cements Houston as a Leading U.S. Manufacturing and Tech Hub
Houston is emerging as a key player in U.S. manufacturing and technology following Apple’s announcement of a new advanced manufacturing facility. Part of a $500 billion national investment, […]
NewsLetter
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Elizabeth Holmes fails to overturn her Theranos fraud conviction
SAN FRANCISCO (AP) — Elizabeth Holmes, the founder of Theranos, has failed in her attempt to overturn her fraud conviction. A federal appeals court in San Francisco upheld […]
Economy
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Starbucks asks office workers to stay home as it announces 1,100 job cuts
Starbucks has announced a significant workforce adjustment, asking office workers to stay home and cutting 1,100 jobs. This decision comes amid broader strategic changes within the company. The […]
Banks
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Berkshire’s Insurance Income Soars
Berkshire Hathaway (BRK.B 4.96%) reported strong Q4 operating earnings of $14.5 billion, a 71% increase from Q4 2023, driven by a surge in insurance underwriting income and investment […]
Markets
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Stocks Turn Lower on Weakness in Magnificent Seven Stocks
The S&P 500 Index ($SPX) fell -0.37%, the Dow Jones Industrials Index ($DOWI) rose +0.02%, and the Nasdaq 100 Index ($IUXX) dropped -0.85%. March E-mini S&P futures (ESH25) […]
Economy
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Theranos founder Elizabeth Holmes’ conviction upheld by US appeals court
The U.S. appeals court has upheld the conviction of Theranos founder Elizabeth Holmes, who is serving over 11 years for defrauding investors with false claims about her company’s […]