If you’re watching plans to name a new Fed Chair like its a political horse race, Kevin Hassett, the White House economic adviser and front‑runner to replace Jerome Powell looks like the favorite who suddenly hit a rough patch on the final turn. According to a CNBC report…
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The furniture industry has suffered from economic distress this year, with several retail chains closing store locations and a number of them filing for bankruptcy. Common reasons for retailers’ financial problems have included rising labor and product costs driven by inflation, increased tariff …
J.P. Morgan’s global chair of investment banking to retire, memo says
Atlanta Fed launches search for new president to replace Bostic
Netflix’s $82.6 billion acquisition of Warner Bros. encapsulates a fraught moment for Hollywood, as the entertainment business is increasingly overshadowed by tech giants…
Oracle (ORCL) reported its Q2 earnings on December 10, after market close. The earnings report disappointed investors, and the stock took a tumble on the following day, closing at $198.85, or 10.8% lower. It continued to slide on Friday, Dec. 12, ending the trading session 4.47% lower with a …
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There’s something painfully American about the arc of iRobot, the company that taught your vacuum to navigate around the furniture. Founded in 1990 in Bedford, Massachusetts by MIT roboticist Rodney Brooks and his former students Colin Angle and Helen Greiner, the company filed for Chapter 11 bankruptcy on Sunday, punctuating a 35-year run that took…
Nomura seeking private debt acquisitions in alternatives push, CEO says
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