JPMorgan’s board awarded chief executive Jamie Dimon a 4.3% raise in 2023, lifting his annual pay to $36 million after the bank posted record profits for the fiscal year. The board granted Dimon a $1.5 million salary and $34.5 million of performance-based incentive compensation, according to a regulatory filing Thursday reviewed by Bloomberg. The 67-year-old’s compensation marks…
A 28-year-old obstacle course racer claimed she was rushed to the emergency room after suffering heart problems caused by a popular beverage from Panera Bread that is said to contain as much caffeine as three cans of Red Bull, according to a lawsuit. Lauren Skerritt, a Smithfield, R.I. resident, became the third person to sue…
A proposed tax that would help fund new stadiums for the Super Bowl champion Kansas City Chiefs and baseball’s Kansas City Royals was shot down by a local Missouri legislator. Jackson County Executive Frank White vetoed an ordinance Thursday that would have put a 3/8th-cent sales tax renewal on the April ballot to fund the…
The future of iconic magazine Sports Illustrated looked dire Friday after the publisher announced mass layoffs. The Arena Group — which had been roiled by reports that the fabled magazine published AI-generated content — admitted to failing to make a $3.75 million quarterly licensing payment to Authentic Brands Group due this week. As a result,…
The surprise resurgence of the Detroit Lions — for decades a perennial NFL laughingstock — has fans clamoring for a chance to see the team when it hosts the Tampa Bay Buccaneers for the NFC Divisional Round playoff game on Sunday. Secondhand ticket-selling websites are listing passes to the game at Detroit’s Ford Field for…
The US Centers for Disease Control and Prevention warned against some more brands of charcuterie meat sold at Costco and Sam’s Club as the agency expands a probe into a multi-state salmonella outbreak. The CDC, in an updated post on Thursday, asked people to throw away all the packs of Fratelli Beretta’s Antipasto Gran Beretta charcuterie meat bought at Costco and Busseto’s Charcuterie Sampler bought at Walmart’s Sam’s Club. This follows…
More than 580,000 beds sold at retailers including Walmart, Wayfair and Overstock.com have been recalled over reports that they break during use. The Consumer Product Safety Commission said in a recall notice posted Thursday that upholstered platform bed frames made by Home Design Inc. “can sag or collapse during use, posing fall and injury hazards…
OpenAI CEO Sam Altman insisted he’s not concerned about a copyright infringement lawsuit filed by The New York Times alleging that his company has used the newspaper’s content to train its AI models. At the World Economic Forum in Davos, Switzerland, on Thursday, Altman claimed OpenAI was not concerned about a lawsuit brought by The…
Sports Illustrated is not dead yet. The iconic publication is on life support after it was revealed Friday that The Arena Group, which runs the editorial operation, was laying off almost all its staff after its license to use the SI name was revoked. Both The Arena Group and Authentic — which owns the the…
Wall Street returned to record heights Friday to cap a punishing, two-year round trip dogged by high inflation and worries about a recession that seemed inevitable but hasn’t arrived. The S&P 500, which is the centerpiece of many 401(k) accounts and the main measure that professional investors use to gauge Wall Street’s health, rallied 1.2%…
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