: Stitch Fix CEO to exit after less than a year and half in role
Stitch Fix Inc. SFIX Chief Executive Elizabeth Spaulding will step down from her role effective today, while founder Katrina Lake will take over on an...
6-month, 1-year Treasury bill rates head closer to 5% as bond market reacts to Fed’s George, ADP data
Rates on 6-month and 1-year Treasury bills jumped above 4.8% on Thursday as traders reacted to strong ADP jobs data and comments from one policy...
: EIA reports a smaller-than-expected weekly decline in U.S. natural-gas supplies
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies fell by 221 billion cubic feet for the week ended Dec. 30. That...
Tesla, Rivian stocks suffer losses of more than 5%
Shares of electric-vehicle makers Tesla Inc. and Rivian Automotive Inc. dropped more than 5% in midday trading Thursday, underperforming the broader market. Tesla, which has...
: EIA reports a weekly rise in U.S. crude supplies and declines in product stocks
The Energy Information Administration on Thursday reported that U.S. crude inventories rose by 1.7 million barrels for the week ended Dec. 30. On average, analysts...
Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
StichFix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as...
Walgreens executive says ‘maybe we cried too much last year’ about theft
Walgreens acknowledged it may have overblown concerns about thefts in their stores after shrinkage stabilized over the past year.Â
Who is Bernard Arnault? The new world’s richest person admires Buffett and Jobs while running Louis Vuitton and Dior
LVMH CEO Bernard Arnault passed Elon Musk to become the world's wealthiest person at the end of 2022. He used lessons from Warren Buffett and...
Earnings Results: Bed Bath stock plunges after warning that it may need to declare bankruptcy
Bed Bath & Beyond Inc. said Thursday that it has 'substantial doubt' about its 'ability to continue as a going concern'