- JPMorgan CEO Jamie Dimon signals retirement is closer than everon May 20, 2024 at 11:12 pm
The ambiguity of Dimon's plans has made succession timing at JPMorgan one of the persistent questions for the bank's investors and analysts.
- Peloton shares drop after it announces refinancing to stave off cash crunchon May 20, 2024 at 9:55 pm
Peloton is in the middle of a broad restructuring as it looks to align the size of its business with its slowing sales and avoid a cash crunch.
- Jamie Dimon says JPMorgan stock is too expensive: 'We're not going to buy back a lot'on May 20, 2024 at 8:44 pm
JPMorgan Chase has seen its shares surge 40% over the past year, reaching a 52-week high on Monday before Dimon's comments dinged the stock.
- Wendy's will offer $3 breakfast deal, as rivals such as McDonald's test value meals to drive saleson May 20, 2024 at 8:20 pm
Starting Monday, Wendy's will offer a $3 breakfast combination meal deal, following a similar yet limited value meal option by McDonald's.
- How Macy’s, Kohl’s and Nordstrom are chasing Millennial, Gen Z shopperson May 20, 2024 at 8:17 pm
Baby boomers make up a sizeable chunk of the retailers' shoppers and investors aren't convinced that Gen Z and Millennials will age into shopping at the stores.
- Shares of Hims & Hers Health surge 27% after startup says it will offer GLP-1 injectionson May 20, 2024 at 8:00 pm
The GLP-1 market has faced supply constraints in recent months as drugs like Ozempic and Wegovy continue to skyrocket in popularity.
- Red Lobster files for Chapter 11 bankruptcy protectionon May 20, 2024 at 7:51 pm
A disastrous "endless shrimp" promotion and a lease-back agreement orchestrated by Red Lobster's previous private equity owners contributed to its demise.
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