Business
Joann to shutter all 800 fabric stores after failing to find a buyer to save its locations
Fabrics outlet Joann will shutter all of its approximately 800 locations after failing to find a buyer who would keep...
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JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency
JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of...
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Starbucks to lay off 1,100 corporate workers as sales sag
Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian...
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Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation
The Securities and Exchange Commission is dropping its investigation into Robinhood’s crypto arm, the company revealed Monday. Robinhood said it received...
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IMAX CEO expects $1.2 billion in box office receipts this year, the best in the company’s history
An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC...
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SEC dropping crypto lawsuit, Coinbase says
The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it, a...
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Meta approves plan for bigger executive bonuses following 5% layoffs
Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an increase...
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Amazon surpasses Walmart in revenue for the first time
Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue...
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CEOs want workers back in offices—this company is giving workers a $10,000 raise to do it
Cameo wants workers back in the office more often, and it’s paying them each $10,000 to show up. Starting this...
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