Evergreen shipping company gives staff 5-year salary bonus
The company that was operating a container ship that dramatically ran aground in the Suez Canal in 2021 is awash with cash. Taiwan shipping giant...
Ben & Jerry’s co-founder gave $1M to group opposed to US arms for Ukraine
A co-founder of Ben & Jerry’s ice cream has donated more than $1 million to a group that is urging an end to US military...
Uber, Lyft group opposes Biden’s DOL nomination
A group representing gig-economy apps including Uber and Lyft has raised concerns over President Biden’s nominee to lead the Labor Department — in particular questioning...
Biden vetoes bill to block Labor Dept. rule on ESG investing
President Biden on Monday vetoed his first bill, a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change....
JPMorgan Chase’s Jamie Dimon leading First Republic Bank rescue plan
Wall Street titan Jamie Dimon is leading talks to stabilize First Republic Bank — with discussions including a possible investment in the troubled regional lender...
Disney to fire 4,000 workers in April: report
Disney CEO Bob Iger has reportedly ordered executives to compile a list of roughly 4,000 workers to fire as the struggling entertainment giant looks to...
Dow gains as investors weigh bank risks, Fed rate-hike pause
The S&P 500 and the Dow Jones gained on Monday as a state-backed rescue of embattled lender Credit Suisse helped calm some jitters around a...
Credit Suisse bondholders blast ‘insane’ UBS takeover
Investors who purchased $17 billion worth of Credit Suisse bonds were outraged after Swiss regulators approved a $3.2 billion rescue by rival UBS which left...
Howard Schultz exits as Starbucks CEO 2 weeks early amid unionization turmoil
Howard Schultz’s decades-long run as Starbucks’ chief executive came to an abrupt end Monday as he stepped down two weeks earlier than expected. Schultz handed...
Bank chaos fuels uncertainty about Federal Reserve’s next policy move
Ongoing turmoil in the US banking sector is fueling uncertainty about the Federal Reserve’s monetary policy path ahead of the central bank’s critical meeting this...