Business
American Eagle Outfitters CEO Jay Schottenstein said in an interview published Monday that the company stands behind its Sydney Sweeney jeans ad campaign, which sparked controversy with some liberal commentators. “You can’t run from fear,” Schottenstein told The Wall Street Journal. “We stand behind what we did.”He said that he…
The White House confirmed to FOX Business that President Donald Trump has withdrawn his nomination of E.J. Antoni to lead the Bureau of Labor Statistics (BLS). CNN first reported the withdrawal of Antoni’s nomination, citing three sources. One source said Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, declined to…
Oil giant Exxon Mobil is preparing to cut thousands of jobs worldwide in a corporate reshuffling. A spokesperson for Exxon confirmed to Barron’s on Tuesday that the company plans to cut 2,000 jobs, representing 3% to 4% of the energy company’s global workforce.The news was first reported by Bloomberg, which…
Charlie Javice, the founder of the student loan startup Frank, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of millions by inflating user data. Prosecutors said Javice, 33, duped JPMorgan Chase into buying her company by exaggerating its student numbers, leading to her…
Kansas City Chiefs star Travis Kelce is working hard to keep his team’s win streak going, but he’s also remaining a constant in his community with his third annual “Kelce Car Jam.” Before the Chiefs defeated the Baltimore Ravens at home on Sunday, the Kelce Car Jam, sponsored by Raising…
Chicago Federal Reserve President Austan Goolsbee said Tuesday the central bank will look at alternate data sources to consider at its October meeting if upcoming economic data is not released as scheduled due to a potential government shutdown. The government is slated to shut down at 12:01 a.m. ET on…
A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, although it’s unlikely to have a significant impact based on past shutdowns. The government is funded until 11:59:59 p.m. Eastern Time…
Some baseball fans hoping to head to Yankee Stadium for the New York Yankees-Boston Red Sox American League Wild Card Series were hit with a roadblock. It is no secret that the Yankees faithful are a different animal, and that holds even more true in the postseason.The Bronx Bombers host…
President Donald Trump announced on Tuesday a drug pricing deal with Pfizer that will see the pharmaceutical giant lower the cost of its medications for Americans. Trump made the announcement from the Oval Office at the White House, saying that Pfizer has committed to offering its prescription medications to Medicaid…
New York’s status as the U.S. economy’s leading financial hub could be slipping as a leading figure in the city’s business community is sounding the alarm. Kathryn Wylde, president and CEO of the Partnership for New York City, which advocates for the city and the financial industry, said in an appearance…