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Investing

Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout

April 2, 2025

Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of…

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Investing

Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

April 1, 2025
Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it…
Investing

AMC bets on premium screens as Hollywood slate boasts big blockbuster titles

April 1, 2025
Hollywood’s blockbuster slate is heating up, and AMC Entertainment is increasing the number of its premium screens to meet demand. The world’s largest cinema chain is…
Investing

Trump commutes sentence of Ozy Media founder Carlos Watson

March 30, 2025
President Donald Trump commuted the criminal sentence of Ozy Media founder Carlos Watson on Friday, just hours before Watson was due to begin serving a 116-month prison term…
Investing

FCC is investigating Disney and ABC for DEI initiatives

March 29, 2025
The Federal Communications Commission has alerted the Walt Disney Company and its ABC unit that it will begin an investigation into the diversity, equity and…
Investing

Lululemon shares drop 15% as CEO says inflation, economic concerns are weighing on spending

March 29, 2025
Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call,…
Investing

Oil executives bluntly criticize Trump tariffs and ‘drill, baby, drill’ mantra

March 28, 2025
Oil executives are warning that President Donald Trump’s tariffs and “drill, baby, drill” message have created uncertainty in energy markets that is already…
Investing

Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes

March 27, 2025
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs….
Investing

Chinese tea chain Chagee files for U.S. initial public offering

March 27, 2025
Chinese tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker…
Investing

23andMe files for bankruptcy as co-founder Anne Wojcicki resigns as CEO

March 25, 2025
Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night….
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