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N Team

JPMorgan sees inflation problem investors are missing

JPMorgan’s Bruce Kasman is putting a tougher Fed risk back in front of investors. In an interview with CNBC, as cited by Seeking Alpha, the bank’s chief global economist said inflation remains stickier than markets currently appreciate, warning that the Federal Reserve might have to raise interest rates before year’s end if price pressures persist

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Wall Street likes what DraftKings just took away from itself

DraftKings (DKNG) turned on its own prediction markets exchange this week, a shift the company has been engineering since last fall. For seven months, every contract traded on DraftKings Predictions ran through somebody else’s infrastructure. Now DraftKings owns the plumbing. DraftKings stops renting its own product Since DraftKings Predictions launched in December, the platform leaned

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Steakhouse chain closes another location after 13 years

Another steakhouse chain is closing one of its longstanding locations, adding to a growing list of restaurant shutdowns affecting brands with decades of history and established customer bases. Restaurant operators have faced mounting pressure in recent years from higher operating costs, softer discretionary spending, and shifting real estate conditions. While restaurant closures stem from different

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89-year-old Home Depot hardware rival forced out of business

Independent retailers in the hardware and home improvement sector have faced economic issues since the Covid-19 pandemic that have led many shops to close down permanently. Certain hardware and home improvement stores reported an increase in business initially during the pandemic as “shelter-in-place” directives issued at the time led many consumers to launch home refurbishing

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