Chinese President Xi Jinping is reportedly set to meet with a group of U.S. business leaders next week in Beijing, seeking to attract American firms amidst a decline in foreign investment. The meeting, set for Wednesday (March 27), will include Evan Greenberg, CEO of insurer Chubb, Stephen Orlins,...
What’s better than a delivery fleet spanning hundreds of aircraft, tens of thousands of vehicles and hundreds of service centers? It depends on who you ask, but FedEx — which boasts the operational footprint just described — seems to think it might be the creation...
Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile app what had been five different apps: Bank of America, Merrill Edge, My Merrill, Bank...
As consumers continue to feel the economic pressures, Lululemon is seeing shoppers spend more cautiously. The athletic apparel retailer saw challenges in the United States, even as other markets quickly grow their adoption. The company shared in its fourth quarter and full year fiscal 2023 financial...
Fuel and fleet spending management firm Coast has raised $92 million in new capital. The funding round includes $25 million in equity capital from investors such as BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as newcomer Vesey Ventures, Coast said in a...
House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) said Thursday (March 21) that the Basel III Endgame proposal and other projects threaten to give global governance bodies authority over American financial regulation. This threatens to weaken the country’s standing on the global stage, McHenry said in opening...
Walmart is reportedly making a renewed effort to entice wealthier shoppers. As Bloomberg News reported Thursday, the retail giant is renovating or building more than 800 locations across with things like improved lighting and higher-end products. Jordan Berke, a former Walmart executive and founder of Tomorrow Retail Consulting, said...
The Federal Trade Commission (FTC) will hold a virtual hearing on April 24, allowing interested organizations to provide oral statements on the agency’s proposed rule to prohibit junk fees. The hearing will address the FTC’s proposed Rule on Unfair or Deceptive Fees, which was announced...
The Federal Deposit Insurance Corp. (FDIC) is seeking public comment on a proposal that would “update, strengthen and clarify” its approach to evaluating bank mergers. The FDIC board of directors voted Thursday (March 21) to approve a Federal Register notice seeking comment on proposed revisions to the...
