News about Thomas Hayes

A sportswear giant announced the retirement of its president and CEO on Tuesday after nearly five years behind the wheel. The shake up comes after a series of missteps by that caused the sportswear giant to lose ground to competitors amid efforts to revive sales and battle rising competition.

S&P has given Hawaiian Electric's stock a junk rating after lawsuits alleged that the corporation is responsible for the deadly wildfires on Maui.

After struggling to resolve a dispute over a promised investment from Taiwan's Foxconn, electric truck manufacturer Lordstown Motors has filed for bankruptcy and put itself up for auction. On Tuesday, an Ohio-based Lordstown applied for Chapter 11 bankruptcy insurance, almost two months after Nasdaq warned it that it was in danger of failing. In midday trading on the Nasdaq, Lordstown's shares fell 35% to $1.80.

The renewed instability in the Federal Reserve, led by Jerome Powell (pictured), heightened the threat to raise interest rates again even as the loan crisis continues to exacerbates. The biggest declines for regional banks, including PacWest Bancorp and Metropolitan Bank, were down 28 percent and 20 percent.

Meta announced on Friday that it will be working on a Twitter copycat. The app's name is uncertain, but it will be based on a similar system that powers Mastodon. Meta's app will be Instagram-branded, allowing users to sign with the same credentials.