One, a fintech company backed by Walmart, will introduce checking accounts to thousands of Walmart employees and a small percentage of its online customers for beta testing in the coming weeks, two people familiar with the matter said. The fintech aims to make the accounts available to Walmart’s 1.6 million employees within a year…
Several major US air carriers caved to public pressure by confirming they will pay for meals and lodging to passengers who endure delays or cancellations ahead of the potentially chaotic Labor Day travel weekend. The move by the carriers comes after Transportation Secretary Pete Buttigieg demanded airline CEOs provide free…
Convicted “Pharma Bro” Martin Shkreli has finally been ousted as boss of the pharmaceutical company he founded, The Post has learned. Activist shareholders booted the group of directors still loyal to Shkreli during the annual general meeting of Turing’s parent company, Vyera, on Thursday. Shkreli rose to notoriety after he…
McDonald’s is reshaping its board, including the exit of a board member recently targeted by activist investor Carl Icahn over how pigs used in the chain’s food are treated. Sheila Penrose was in charge of the sustainability and corporate responsibility committee.Awesome Leaders Sheila Penrose, who is retiring, has been a…
Federal Reserve officials said last month that the pace of future interest rate increases would hinge on incoming data, with some saying rates would need to stay at a “sufficiently restrictive level” for “some time” in order to control inflation, according to the minutes of the July 26-27 session. Participants…
Domino’s is reportedly shutting down in Italy after locals failed to acquire a taste for its American-style pies. Domino’s has now shuttered all 29 of its local stores in the country after entering in 2015 through a franchising agreement with local operator ePizza SpA, the report said. The Michigan-based chain…
The Dow fell more than 400 points Friday as stocks headed for another week of declines following a massive pullback two days ago. The S&P 500 fell 0.7% and is on track for its seventh straight weekly decline after getting close to entering a bear market this week. The Dow Jones Industrial…
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