FDIC chair Martin Gruenberg announced Monday that he's prepared to step down following a scathing report on a culture of harassment and retaliation inside the agency.
The big picture: Gruenberg said he's willing to move aside once a successor is confirmed, which could take time and allow President Biden to keep him in the position indefinitely.
The financial promise of weight-loss drugs is giving another company a boost: This time it's Hims & Hers.
Zoom in: The telehealth company's stock soared over 27% Monday after it said it would begin selling compounded versions of the GLP-1 injections that are soaring in popularity.
The Carlyle Group's aviation fund had 23 commercial planes leased out in Russia when the country invaded Ukraine in February 2022.
The latest: The planes, a mix of Boeing and Airbus aircraft valued at over $700 million, remain stuck inside of Russia, effectively seized by the government.
Why it matters: The outlook is no doubt better than four years ago, when most entered college alongside a pandemic-wrecked economy. Still, grads are grappling with high-stakes questions similar to those facing economists — including when price hikes will slow and how much the labor market might need to soften for that to happen.
ADNOC, the UAE's state-owned oil and gas giant, agreed to buy an 11.7% stake in NextDecade's liquefied natural gas project in Texas.
Why it matters: This is ADNOC's first deal in the U.S., and reflects the growing global ambitions of Middle Eastern energy giants. Don't be surprised if Saudi Aramco is next to make a stateside move.
San Francisco Fed president Mary Daly told Axios on Friday that it's not clear whether inflation is definitively receding and there is no "urgency" to adjust interest rates.
Why it matters: Inflation cooled for the first time in 2024 last month, relieving economists that progress might not have stalled out. But one month of data has not convinced Fed officials that price pressures are evaporating in a way that puts near-term interest rates back on the table.
Michael Sonnenshein has stepped down as chief of Grayscale Investments, the issuer behind the largest spot bitcoin fund best known by its ticker, GBTC.
Why it matters: Prior to bitcoin ETF approvals in January, The Grasycale Bitcoin trust had been the only game in town since 2013 — but it has started buckling under new competitive pressure since its conversion, hemorrhaging assets and suffering several consecutive weeks of outflows.
The United Autoworkers' winning streak ended late Friday when a majority of workers at a Mercedes manufacturing campus in Alabama voted against unionizing.
Why it matters: The South, typically hostile ground for organized labor, has become critical for the UAW's future — and this could be a meaningful bump in the road.
Disneyland character performers in Anaheim, California, voted to unionize with the Actors' Equity Association, the National Labor Relations Board confirmed Sunday.
By the numbers: Disneyland Resort cast members, who play characters including Mickey and Minnie Mouse and who perform at parades, voted 953-258 in favor of unionizing, according to a union statement that hailed the results as "a landslide victory" Saturday evening.
Pope Francis responded to U.S. conservative bishops' criticisms of his progressive shift to Roman Catholic Church doctrine in an interview with CBS News' "60 Minutes" airing Sunday evening.
Details: The pope noted during the interview via a Spanish translator that the adjective "conservative" in such instances was "one who clings to something and does not want to see beyond that."
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