Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed…
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Bitcoin is more closely correlated to the Nasdaq than it is to gold most of the time, and investors could benefit from viewing it as another big tech stock, says Standard…
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Business
Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
by adminSwedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which just disclosed its intention to go…
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Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
by adminIt’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is willing to part with a customer perk…
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How a $5 million fix turned Paramount Pictures’ ‘Sonic’ into a billion-dollar franchise
by adminSonic the Hedgehog may be able to run faster than the speed of light, but his film franchise nearly came to a screaming halt in 2019. A less-than-three-minute trailer released…
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Denny’s says some locations will start charging extra for eggs amid nationwide shortage
by adminDenny’s is the latest nationwide restaurant chain to announce surcharges for meals that include eggs in response to a nationwide shortage that has sent U.S. prices skyward. In a statement,…
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Amazon ‘anti-union propaganda,’ employee surveillance loom over labor vote at North Carolina warehouse
by adminItalo Medelius-Marsano was a law student at North Carolina Central University in 2022, when he took a job at an Amazon warehouse near the city of Raleigh to earn some extra cash.…
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McDonald’s on Monday reported disappointing quarterly revenue, dragged down by weaker-than-expected sales at its U.S. restaurants following an E. coli outbreak just weeks into the quarter. But shares of the company rose more…
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Business
Millennials reimagine retirement: ‘The end game might not be … sitting on my Adirondack chair’
by adminBy many measures, millennials are doing considerably well financially. Still, fewer younger adults are thinking about retiring in the traditional sense one day. “Retirement is becoming more deprioritized,” said Michael Liersch, head of advice…
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Nvidia loses nearly $600 billion in market value after Chinese AI startup bursts onto scene
by adminShares of chipmaker Nvidia plunged Monday, for its worst day since the global market sell-off in March 2020 triggered by the coronavirus pandemic. The plunge came amid a global tech…
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DOJ sues Walgreens, alleging it ‘knowingly’ filled millions of invalid prescriptions
by adminThe Department of Justice said Friday that it sued pharmacy giant Walgreens over allegedly dispensing millions of unlawful prescriptions. The DOJ said that Walgreens from August 2012 until the present “knowingly” filled those prescriptions, which “lacked…
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Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year…