Business
- BusinessUnited Press International
Red Lobster closes dozens of restaurants amid bankruptcy reports
U.S.-based Red Lobster abruptly closed more than 50 of its seafood restaurants across the country on Monday, as the company is reported to be considering Chapter 11 bankruptcy protection.
2 min read - BusinessBloomberg
ESR Jumps Most Since 2020 After Starwood Consortium Takeover Bid
(Bloomberg) -- ESR Group Ltd. shares climbed the most in more than four years after the firm received a non-binding takeover proposal from a consortium of investors, confirming an earlier Bloomberg News report. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts F
1 min read - BusinessBloomberg
Japan’s Suzuki Sees Need to Keep Close Coordination With BOJ
(Bloomberg) -- Japanese Minister of Finance Shunichi Suzuki stressed the importance of coordination and collaboration between the government and the Bank of Japan to ensure they don’t hinder each other in pursuing their policy objectives.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to
2 min read - BusinessKTSM
El Paso job market poses obstacles for new graduates
EL PASO, Texas (KTSM) — Spring and summer college graduates from the class of 2024 may face more challenges entering the workforce than previous years. That’s according to economists who say while the job market is favorable right now, there are a couple of obstacles new graduates may face. Tom Fullerton, an economics professor at […]
3 min read - BusinessBloomberg
Japanese Bond Yields Climb to Decade Highs on BOJ Policy Bets
(Bloomberg) -- Japanese sovereign bond yields are surging to the highest levels in more than a decade amid signs the central bank is ready to reduce debt purchases to ease pressure on the ailing yen. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Banks
2 min read - BusinessThe Independent
Red Lobster to close at least 48 restaurants after ‘endless shrimp’ debacle
The struggling seafood chain is reportedly considering filing for bankruptcy after years of cost-cutting
2 min read - BusinessBloomberg
Nomura Seeks to Double Profit by 2030 in Latest Growth Plan
(Bloomberg) -- Nomura Holdings Inc. unveiled a target to almost double pretax profit by the end of the decade, as Chief Executive Officer Kentaro Okuda seeks to build on last year’s earnings revival.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Banks
3 min read - USShreveport Times | The Times
Red Lobster in Bossier City permanently closes. Where is the nearest location?
On Monday Red Lobster abruptly closed locations across the nation and Bossier City was a part of the closure.
1 min read - BusinessBloomberg
Chinese Builder Agile Defaults for First Time on Dollar Bonds
(Bloomberg) -- Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on F
2 min read - USWJZY
Over 123,000 gallons of wastewater spilled into Irwin Creek, officials say
A pipe blockage inside the Irwin Creek Wastewater Plant caused an estimated 123,000 gallons of wastewater to spill into a stream that flows into Irwin Creek between Saturday and Monday morning.
1 min read - BusinessReuters
Australia's Qantas to suspend flights to Shanghai on low demand
Aircraft on the Shanghai route will be redirected to fly other destinations across Asia experiencing higher demand or where there are new tourism opportunities, the company said. Qantas will continue to monitor the Australia-China market closely and look to return to Shanghai when demand has recovered, the carrier added.
1 min read - BusinessBloomberg
Daiwa Shares Fall After Plans to Invest $330 Million in Aozora
(Bloomberg) -- Daiwa Securities Group Inc. shares tumbled after the firm said it will take a stake in Aozora Bank Ltd., which just suffered its first loss in 15 years. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Banks in Play With Plan to Transform
- BusinessWJZY
Red Lobster is closing dozens of restaurants and auctioning off equipment
Red Lobster is reportedly shuttering at least 48 of its locations, and a restaurant liquidation company is auctioning off kitchen equipment from the impacted eateries this week.
3 min read - USTri-City Herald
Ex-Hanford worker admits COVID loan fraud for his solar-powered wheelchair company
Also, former Tri-Cities gun shop owner is awaiting trial on a similar fraud charge.
4 min read - BusinessBusiness Insider
GameStop's 118% spike is its biggest in 3-plus years after Roaring Kitty returns with a meme
Short-sellers betting against GameStop lost more than $1 billion on Monday.
2 min read - BusinessBloomberg
Indian Bonds Among Least Vulnerable in Asia to Treasury Swings
(Bloomberg) -- Indian bonds are holding up better than most Asian peers despite the swings in Treasuries, boosting the appeal of the nation’s debt before its inclusion into major global indexes.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Banks in Pl
2 min read - BusinessBloomberg
Oil Steadies as Traders Look to OPEC Report and Inflation Data
(Bloomberg) -- Oil held a gain before the release of OPEC’s market outlook, with traders looking for signs on whether supply curbs will be extended, and US inflation data that will shape expectations for monetary policy.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacr
1 min read - BusinessBloomberg
Verizon Wants to Buy Back Los Angeles Stake From US Cellular
(Bloomberg) -- Verizon Communications Inc. is interested in buying back US Cellular Corp.’s stake in its Los Angeles business if the companies can agree on a reasonable price, the chief of Verizon’s consumer division said.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMa
2 min read - BusinessInsider Monkey
30 Best Countries for Digital Nomads
In this article, we will list and explore 30 best countries for digital nomads. You can skip our detailed analysis and go directly to 5 Best Countries for Digital Nomads. Digital Nomad Destination Selection: Key Considerations The digital nomad lifestyle offers the freedom to work from anywhere, promoting travel and cultural immersion while maintaining a […]
16 min read - BusinessNBC News
Big banks still funnel hundreds of billions into the fossil fuel industry, report shows
Over $700 billion flowed into companies conducting business in fossil fuels last year, funneled by 60 of the largest private banks, according to a new report.
4 min read - BusinessTipRanks
GameStop Stock (NYSE:GME): This Game Is Rigged Against You
Well, here we go again. The rigged game of meme-stock trading is back in vogue, evidently. GameStop (NYSE:GME) stock traders deserve the credit or, perhaps, the blame for this. I won’t win any popularity contests for this, but I am bearish on GME stock and expect this mania phase to end badly, just like it did after the 2021 hype cycle (see the chart below). If anybody cares anymore, GameStop sells physical copies of video games and, to a lesser extent, digital copies of games. Generally speakin
5 min read - BusinessMotley Fool
Best Stock to Buy Right Now: Altria vs. British American Tobacco
Take a look at how the two tobacco giants stack up.
5 min read - BusinessBloomberg
Diesel in the Doldrums as Weak Demand Prompts Refiner Run Cuts
(Bloomberg) -- Returns from making diesel have fallen sharply over the last few months as supply of the industrial and transport fuel has outpaced demand, spurring refiners to cut run rates and focus on producing gasoline and jet fuel instead.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Frid
3 min read - BusinessAFP
Anthropic AI assistant 'Claude' arrives in Europe
Anthropic on Monday announced that its artificial intelligence assistant "Claude" is available in Europe after launching in the United States earlier this year."We’re excited to announce that Claude, Anthropic's trusted AI assistant, is now available for people and businesses across Europe to enhance their productivity and creativity," the San Francisco-based tech startup said in a blog post.
2 min read - BusinessBloomberg
Korea Zinc Sees US Opportunities as It Targets Big Copper Growth
(Bloomberg) -- The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to
2 min read - BusinessTechCrunch
Accel has a fresh $650M to back European early-stage startups
Early-stage rounds continue to account for the majority of investments in the European startup market, and on Tuesday one of the biggest firms in the region announced a new fund to bolster that trend. Accel has raised $650 million to back startups from seed to Series A across the U.K., the Continent and Israel. The fund is the eighth of its kind for Accel since it first put down roots in London in 2000.
3 min read - BusinessBloomberg
US Money Manager Cuts China Debt Holding to Buy India Bonds
(Bloomberg) -- Brandywine Global Investment Management LLC is trimming its bond exposure in China and replacing it with Indian debt, a move that may make the South Asian nation its sole and largest exposure in Asia. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron P
2 min read - USLouisiana Illuminator
Retirement flexibility in store for Louisiana higher ed faculty, staff
The Louisiana Senate gave final legislative approval to a bill that would provide more lucrative retirement savings options to thousands of state college and university employees. House Bill 31 by Rep. Barbara Freiberg, R-Baton Rouge, was unanimously approved Monday by the Senate. It would allow participants in the optional plan of the Teachers Retirement System […] The post Retirement flexibility in store for Louisiana higher ed faculty, staff appeared first on Louisiana Illuminator.
3 min read - BusinessKotaku
Sony Names PlayStation's New Bosses
Sony has named existing company veterans Hermen Hulst and Hideaki Nishino as the new heads of PlayStation. Hulst will take over and run a new Studio Business Group while Nishino is in charge of the Platform Business Group. The division of roles replaces former CEO of Sony Interactive Entertainment Jim Ryan, who retired earlier this year, and comes as Sony searches for its next PlayStation 5 blockbusters amid cost-cutting and cancellations.
2 min read - USKRQE Albuquerque
City councilor looks to bring back scooter rideshare programs to Albuquerque
"It became very cost-prohibitive to do business for any of these companies in our city."
2 min read - BusinessBloomberg
Argentina Questions Three Banks on Puts, Bond Transactions
(Bloomberg) -- Argentina’s central bank and regulators are looking into at least three of the nation’s banks for potential irregularities in transactions with government bonds and put options.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Banks in Play
3 min read - BusinessGuruFocus.com
Insider Sale: Chief Medical Officer of Hims & Hers Health Inc (HIMS) Sells Shares
On May 9, 2024, Patrick Carroll, the Chief Medical Officer of Hims & Hers Health Inc (NYSE:HIMS), sold 10,000 shares of the company.
1 min read - BusinessGuruFocus.com
Insider Selling: CEO Thomas Vetter Sells 27,625 Shares of Cars.com Inc (CARS)
On May 9, 2024, Thomas Vetter, CEO of Cars.com Inc (NYSE:CARS), executed a sale of 27,625 shares of the company.
2 min read - BusinessGuruFocus.com
Insider Sale: President Helms Lloyd W Jr Sells Shares of EOG Resources Inc (EOG)
On May 9, 2024, Helms Lloyd W Jr, President of EOG Resources Inc (NYSE:EOG), sold 1,296 shares of the company.
1 min read - BusinessGuruFocus.com
Insider Sale at McDonald's Corp (MCD): EVP - Chief Impact Officer Jonathan Banner Sells 800 Shares
On May 10, 2024, Jonathan Banner, EVP - Chief Impact Officer of McDonald's Corp (NYSE:MCD), sold 800 shares of the company.
1 min read - LifestyleEngadget
Dyson’s first dedicated hard floor cleaner doesn’t suck
The Wash G1 is the company’s debut hard-floor cleaner, and it swaps suction for high-speed rollers, water and nylon bristles. It’ll go on sale later this year for $700.
5 min read - BusinessTechCrunch
From Miles Grimshaw to Eva Ho, venture capitalists continue to play musical chairs
When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big name in the industry. It was surprising because unlike in many other fields, venture capitalists don't traditionally move around very much — especially those who reach the partner or general partner level as Rabois had.
4 min read - BusinessAFP
Archegos founder goes on trial for fraud, market manipulation
The trial of Archegos founder Bill Hwang for alleged securities fraud and market manipulation opened in New York on Monday, focused on the fund's spectacular 2021 implosion that cost large banks billions of dollars.- 'Deceptive conduct' - Hwang and Halligan used the firm "as an instrument of market manipulation and fraud, with far-reaching consequences for other participants in the United States securities markets," according to the indictment.
3 min read - USUSA TODAY
California high schoolers awarded $1 million after 'blackface' claims linked to acne-mask photos
Two former students of Saint Francis High School were awarded $1 million after being punished when their acne facemasks were confused for blackface.
5 min read - BusinessBloomberg
Ex-Nuveen Trader Should Get 70 Months for Insider Plot, US Says
(Bloomberg) -- Former Nuveen LLC trader Lawrence Billimek should spend almost six years behind bars for front-running the firm’s trades as part of a $47 million insider-trading scheme, US prosecutors told a federal judge.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMac
3 min read - BusinessBloomberg
Ex-UBS Risk Manager Points Finger Squarely at Archegos ‘Lies’
(Bloomberg) -- A former UBS Group AG risk manager slammed Archegos Capital Management for its “lies” when he took the stand as the first witness at the fraud and market manipulation trial of Bill Hwang. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Ba
5 min read - BusinessBloomberg
AMC Set to Cash In on Meme-Stock Traders Driving Shares Higher
(Bloomberg) -- Retail traders flocking to AMC Entertainment Holdings Inc. in hopes of burning short sellers may also be helping the company shore up its finances.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Banks in Play With Plan to Transform Europe
2 min read - BusinessTechCrunch
Anthropic is expanding to Europe and raising more money
On the heels of OpenAI announcing the latest iteration of its GPT large language model, its biggest rival in generative AI in the U.S. announced an expansion of its own. Anthropic said Monday that Claude, its AI assistant, is now live in Europe with support for "multiple languages," including French, German, Italian and Spanish across Claude.ai, its iOS app and its business plan for teams. The launch comes after Anthropic extended its API to Europe to get developers using and integrating its m
5 min read - TechnologyDigital Trends
iOS 17.5 just launched with a huge security feature for your iPhone
Apple has tried to stop stalking and other ill use cases with AirTags, but has failed against trackers from other brands. iOS 17.5 finally closes that gap.
2 min read - BusinessZacks
Deckers (DECK) Dips More Than Broader Market: What You Should Know
The latest trading day saw Deckers (DECK) settling at $850.67, representing a -1.31% change from its previous close.
3 min read - BusinessAutocar articles
Mercedes-Benz G-Class electric review
High-end off-roader gets an EV variant with a motor for each wheel and a big battery
1 min read - USIowa Capital Dispatch
Chiropractor sued for malpractice now faces charges from licensing board
An eastern Iowa chiropractor who was sued for malpractice is now facing charges from the Iowa Board of Chiropractic. Allan Novak, who has owned and operated a Cedar Rapids chiropractic clinic known as Chirocare East, is charged by the board with failing to notify the board within 30 days of any court judgment or settlement […] The post Chiropractor sued for malpractice now faces charges from licensing board appeared first on Iowa Capital Dispatch.
1 min read - BusinessBloomberg
Board of Ailing Oil Firm Petroperu Pushes Government to Privatize
(Bloomberg) -- The board of struggling state-owned oil company Petroleos del Peru SA is pushing the government to sell a majority stake in the company to the private sector as losses continue to mount. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyMacron Puts French Ban
1 min read - BusinessBloomberg
Franchise Group Results Slide as Firm Looks for Ways to Cut Debt
(Bloomberg) -- Franchise Group Inc., the firm at the center of a controversy surrounding B. Riley Financial Inc.’s finances, posted steep drops in first-quarter results as it grapples with looming maturities on its debt load, according to people familiar with the matter. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Retail FrenzyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $
3 min read - BusinessFreightWaves
Diesel takes another hit and may be driving down broader oil market
The benchmark diesel price used for most fuel surcharges fell for the fifth straight week. The post Diesel takes another hit and may be driving down broader oil market appeared first on FreightWaves.
4 min read
