Ethan Johnson

Ethan Johnson

Ethan's journey into journalism began with a deep curiosity about how businesses operate and evolve in today's dynamic markets. Armed with a degree in Journalism from a prestigious university, he embarked on his career, initially covering local business developments before expanding his scope to national and international commerce news.

Wells Fargo Announces That Penalty from 2016 Fake Accounts Scandal is Now Lifted

On Thursday, Wells Fargo announced that one of its principal regulators has lifted a significant penalty associated with its 2016 fake accounts scandal. The bank revealed in a statement that the Office of the Comptroller of the Currency (OCC) has ...

Nike to Layoff 2% of Workforce As Part of Restructuring Effort

Late Thursday, Nike announced plans to reduce its current workforce by 2%, equating to over 1,500 jobs, as part of a broader restructuring initiative. The Oregon-based athletic wear giant aims to optimize its capital allocation to bolster investments in key ...

Carl Icahn Secures Two Seats on JetBlue Airways Board of Directors After Getting 10% Stake

JetBlue Airways confirmed Friday that Carl Icahn succeeded in his bid for seats on the airline’s board of directors, following his recent disclosure of a nearly 10% stake in the New York-based carrier and discussions regarding board representation. The airline ...

Germany’s Defense Minister Explains the 2% Allocation to the NATO Budget

Germany’s defense minister asserted on Saturday that the nation’s commitment to allocate 2% of its GDP towards defense expenditures represented merely a starting point, suggesting that additional investments would likely be necessary. Earlier the same day, German Chancellor Olaf Scholz ...

ESPN Set To Bring its Own Streaming Platform For Direct-to-Consumer Sports Content

ESPN is set to launch its flagship direct-to-consumer service in either August or the fall of 2025, according to Disney CEO Bob Iger, who shared this information during an interview on Wednesday. This new service will encompass all of ESPN’s ...

Ford Motors Revises EV Strategy Adjusting Spending on Going All Electric Over Sales Outlook

Ford Motor is revising its electric vehicle (EV) strategies, including “reassessing” whether it should continue in-house battery production, according to CEO Jim Farley on Tuesday. The Detroit-based automaker had previously announced plans to delay or reduce $12 billion in spending ...

New York State Sues Citibank Failing To Reimburse Fraud Victims

On Tuesday, New York Attorney General Letitia James filed a lawsuit against Citibank, accusing the bank of failing to protect and reimburse victims of electronic fraud. The lawsuit asserts that Citibank lacks adequate safeguards to prevent unauthorized account takeovers, misleads ...

GM Pushes For More Hybrid Car Models, Back Tracking on The EV Targets

General Motors is revising its product strategy to incorporate plug-in hybrid electric vehicles (PHEVs), CEO Mary Barra announced to investors on Tuesday. While Barra did not provide specific details about the plans, she stated that PHEVs, which combine an internal ...

Gilead New Cancer Treatment Trial Fails To Show Results, New Research Shows

Gilead shares dropped over 10% on Monday after a key drug from the company failed to significantly extend the lives of patients with a certain type of lung cancer in a late-stage trial. The trial results represent a setback for ...

Sweetgreen Wants To Grow and Compete With Mcdonald’s in The Current Era

When Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman shared the goal of making the salad chain the “McDonald’s of its generation.” However, another salad chain, Salad and Go, may surpass Sweetgreen in this race. Founded in ...