Cracker Barrel Is Stuck in a Generation Gap
The dining chain’s customer demographics are pinching its business, as is its bid to lure younger diners. Source link
Citigroup CEO Jane Fraser Is Shaking Up Executive Ranks
The bank declined to say how many jobs would be cut in the changes, which are meant to shrink the top of the sprawling company. Source link
Nukes Are Back, but Uranium Is in Short Supply
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Apple Blinks on iPhone Pricing
The company avoids expected price hikes on the iPhone 15 family, which might curb revenue growth in the coming year. Source link
'Almost All Loans Are Bad'—Why Banks Aren't Lending
Rising deposit costs and capital needs are making lenders pickier, at the cost of growth Source link
A 3% Mortgage Rate in a 7% World? This Startup Says It Can Do That
Loan assumptions, which let a home buyer essentially take over a seller’s mortgage, are hard to find and hard to pull off. Source link
Saudi Oil Cuts Set to Keep Gasoline Prices Higher
The International Energy Agency expects a significant supply shortfall for the rest of this year and says low inventories could lead to market volatility. Source link
Hedge Funds’ Big Bet Against Treasurys Isn’t What You Think
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Binance.US CEO Leaves Embattled Crypto Exchange
Brian Shroder, who took the helm of Binance.US in 2021, will be replaced on an interim basis by the company’s chief legal officer. Source link
SEC Sues Market-Maker Virtu, Alleging Leakage of Customer Information
Regulator says Virtu misled customers about the walls between prop trading and order-execution roles. Source link