Novo Nordisk CEO steps down as Wegovy maker faces increased competition
As Novo Nordisk's share price drops, CEO Lars Fruergaard Jorgensen steps down. The company aims to maintain its lead in…
Category: Business
Verizon ends DEI programs, diversity goals as it seeks approval for Frontier acquisition
Verizon on Friday announced that it is ending corporate diversity, equity and inclusion (DEI) goals as it faces a Trump…
Costco rolls out buy now, pay later for big online purchases through Affirm
Warehouse retailer Costco debuted buy now, pay later installment plans this week for large online purchases through a new partnership…
Federal Reserve to cut its workforce by 10% in coming years
The Federal Reserve is planning to reduce its workforce by 10% over the next few years, according to a memo…
Student loan delinquencies surge, sending credit scores plunging for borrowers
Student loan delinquencies have surged since a pause in reporting has concluded, with millions facing credit score declines, according to…
Dick’s Sporting Goods nears $2.3 billion deal to acquire Foot Locker: report
Dick's Sporting Goods is reportedly nearing a $2.3 billion deal with Foot Locker, offering an 86.5% premium. The deal could…
Netflix breaks ground on $1B New Jersey studio as Trump pushes for movies to be made in America
Netflix has broken ground on its $1 billion investment to transform a former Army installation into a state-of-the-art studio hub…
Chinese imports to US plummet to lowest levels since pandemic amid Trump tariffs
U.S. sees record imports from Mexico and Vietnam as Chinese goods face 145% tariffs, marking a significant shift in trade…
Social Security benefit payments fall later in May
The first monthly batch of Social Security benefits are paid later this May than in any other month this year…