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Red Lobster could file for Chapter 11 bankruptcy protection next week, per The Wall Street Journal.The restaurant chain, burdened with hundreds of millions in debt, recently shut down 52 stores.Red Lobster blamed some of its financial struggles on an all-you-can-eat shrimp promotion. Restaurant chain Red…
The US Justice Department on Tuesday notified Boeing that it breached terms of its 2021 agreement in which the company avoided criminal charges for two fatal 737 Max crashes. After a series of safety missteps earlier this year, including a door plug that blew off an Alaska Airlines flight shortly after takeoff,…
GBP/USD takes a breather near 1.2590 in Wednesday’s early Asian session. The US PPI came in line with expectations, rising by 2.2% YoY in April, compared to the 1.8% increase in March. The UK Unemployment Rate rose to 4.3%, and private-sector wage growth slowed. The GBP/USD pair consolidates its gains around 1.2590 during the early Asian session…
One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year. Per a 13F filing with the Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB) held $99 million…
OpenAI co-founder Ilya Sutskever said Tuesday that he’s leaving the Microsoft-backed startup.”I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time,” Sutskever wrote in an X post on Tuesday.The departure comes months after OpenAI…
The federal judge presiding over the bribery case against Sen. Bob Menendez will not allow a psychiatrist to testify at trial about a condition his defense attorneys say could explain the hundreds of thousands of dollars in cash investigators found during a raid of the New Jersey Democrat’s home. The…
Technology Solutions Specialists (TSS) reported a significant increase in financial performance for…
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Electrovaya Inc. (EFL.TO) has reported a significant year-over-year revenue increase of 26%…
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A version of this story appeared in CNN’s What Matters newsletter. To…
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The federal judge overseeing Hunter Biden’s gun case in Delaware refused on Tuesday to delay the June 3 trial date despite pleas from lawyers for the president’s son who said they would not be prepared in time. “I trust everyone can get done what needs to be done,” US District Judge Maryellen Noreika said during a status conference in Wilmington. Hunter Biden’s lawyer Abbe Lowell argued the defense team would not be able to accomplish all that needs to be done in under three weeks. Lowell also pointed to the work needed to prepare for his client’s other trial set…
A previous version of this story appeared in CNN’s What Matters newsletter in 2023. To get the newsletter in your inbox, sign up for free here. The long-standing allegation from former…
Michael Cohen apologizes and owns up to lies in hush money scandal CNN analysts discuss Michael Cohen’s admission of lying in the past about campaign finance violations to protect Donald…
Former Trump adviser Steve Bannon should begin serving a four-month prison sentence now that a federal appeals court has upheld his contempt-of-Congress conviction, the Justice Department told a federal judge…
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In a recent congressional trade report, it was revealed that Scott H. Peters, a congress member representing California’s 50th congressional…
Finance
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Ukraine’s struggling air-defenses have opened doors for the Russians to launch their own strikes similar to Ukraine’s HIMARS attacks.Russia has begun sending out an increased number…
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Investing.com — U.S. crude stockpiles fell more than expected last week, the…
Investing
Countries have long imposed tariffs as a means of protecting and shoring up domestic industries. However, history and research have shown that the economic effects often fail to live up to the hype. On Tuesday, the Biden administration announced the latest iteration of American import taxes: a wave of new…
Economy
WASHINGTON (Reuters) – U.S. producer prices increased more than expected in April…
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For businesses that need to build a customer pipeline by responding to…
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