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Embattled Disney CEO Bob Chapek gets contract extension

Walt Disney boss Bob Chapek will remain in charge of the beleaguered Mouse House after the board unanimously voted to give him a three-year contract extension Tuesday. Chapek had succeeded...

Bed Bath & Beyond turning off AC in stores to save money: report

Bed Bath & Beyond is making its customers and employees sweat these days.

Juul says 'politics' influenced e-cigarette ban, FDA ignored evidence

Juul Labs asked a federal court on Thursday to extend a temporary block on the Food and Drug Administration’s ban of its e-cigarettes.

NY Fed president urges big interest-rate hike but believes 'economy is strong'

New York Federal Reserve Bank President John Williams on Tuesday called for further rapid interest-rate hikes to slow the economy and inflation, including a possible second 75-basis point rate hike next month.

Goldman Sachs reportedly warns of $1.2B loss from consumer banking unit

Goldman Sachs' internal projections show the bank's consumer unit will record losses of more than $1.2 billion this year, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

Dow falls nearly 500 points as inflation concerns persist on Wall Street

The S&P 500 fell 0.8% as of noon Eastern. The Dow Jones Industrial Average fell 150 points, or 0.5%, to 31,644 and the Nasdaq fell 1.6%.

Vicks Pure Zzzs contains random amounts of melatonin, lawsuit alleges

Procter & Gamble is duping consumers with higher doses of melatonin than it advertises in some of its popular Vicks Zzzs line of sleeping aids, according to a lawsuit.

'Big Short' investor says Fed could reverse rate hikes in 'bullwhip effect'

Michael Burry suggested that the Federal Reserve could buck expectations by reversing course on its planned series of sharp interest rate hikes due to an economic phenomenon known as the...

Wealthy New Yorkers who fled in 2020 took $21B in income with them: IRS

Around 300,000 of New York City's wealthiest residents who fled during the early days of the coronavirus pandemic two years ago collectively earned $21 billion in total income in 2019.

Airbnb makes ban on parties permanent

The company announced it saw a 44% year-after-year drop in the rate of party reports since implementing the policy in 2020.