Jessica Simpson scores $67M loan six months after regaining brand

Jessica Simpson scores $67M loan six months after regaining brand

Singer-turned-designer Jessica Simpson refinanced her apparel company just six months after regaining full control of the $1 billion brand. The former reality TV star scored a $67.5 million loan from Second Avenue Capital Partners – which is backed by the Schottenstein family, owner of American Eagles Outfitters and DSW – in a deal that pledges … Read more

Stagflation in US economy ‘unavoidable,’ economist El-Erian says

Stagflation in US economy 'unavoidable,' economist El-Erian says

The onset of debilitating stagflation within the US economy is likely “unavoidable” even if the Federal Reserve manages to avoid a full-fledged recession, famed economist Mohamed El-Erian warned on Wednesday. El-Erian, the chief economic adviser at Allianz, indicated that stagflation would take hold despite the Fed’s plan to aggressively hike interest rates to bring down … Read more

‘people want to be in the office’

'people want to be in the office'

Goldman Sachs bankers “want to be in the office,” the Wall Street titan’s hard-driving boss claimed on Wednesday, shrugging off recently reported kvetching from the rank-and-file about having to show up to the office. In an interview with CNBC Wednesday, the investment bank’s chief executive David Solomon insisted employees were driving the return to office … Read more

NY claims Amazon subjects pregnant workers to harsh conditions

NY claims Amazon subjects pregnant workers to harsh conditions

Amazon’s warehouses are subjecting pregnant women and disabled workers to harsh physical work conditions that have improperly exposed them to injury, Gov. Kathy Hochul’s administration claimed on Wednesday. The administrative complaint by the New York State Division of Human Rights alleges that Amazon has forced pregnant women to lift heavy packages instead of giving them … Read more

Here’s how much US households are now spending on gas

Here's how much US households are now spending on gas

American families are shelling out what amounts to $5,000 per year to put gas in their cars — a painful increase from $2,800 just a year ago, according to a new report. The new study by Yardeni Research shows the ever-increasing financial burden borne by US households in recent months as the price of fuel … Read more

Ex-Disney CEO Bob Iger invests in delivery startup Gopuff

Ex-Disney CEO Bob Iger invests in delivery startup Gopuff

Gopuff said on Wednesday that Walt Disney’s former chief executive officer, Bob Iger, has invested in the delivery startup and would join the company as an adviser. Gopuff, which offers rapid delivery of an assortment of products including home care, medicine, pet care, office supplies, beauty and wellness items, did not disclose the size of Iger’s investment. “I … Read more