In a surprising turn of events, TGI Fridays, the iconic restaurant chain, has filed for bankruptcy protection. This move comes after the company faced a series of setbacks, including the closure of numerous branches across the United States. The primary cause for this financial struggle, according t
Tech giants like Microsoft, Meta, Amazon, and Apple are splashing out billions on artificial intelligence (AI). It's not just about making more money; they're investing heavily in AI development. Meta, for example, plans to spend $40 billion on AI next year alone. Even Microsoft is cautious, warning
More than 30, 000 Boeing workers are voting again on whether to end their seven-week strike. This vote isn't just about their paychecks; it's about the future of the company and the economy. The new deal on the table isn't much different from the one they rejected a week ago. It offers a 13% pay rai
Ever wondered how baseball's biggest names stack up off the field? Let's dive into the Dodgers and Yankees, two teams that have made a massive impact on sports and pop culture. The Yankees lead the pack with a staggering $7. 6 billion value, according to Forbes. Hot on their heels are the Dodgers at
Exxon Mobil just had a quarter to remember, but not everything is rosy. The oil giant hit a production high not seen in over four decades, pumping out 3. 2 million barrels of liquids daily. However, profits took a dip, falling about 5% compared to the same time last year. Why? Blame it on refining m
Wendy's is planning to close 140 of its restaurants in the next few months. But don't worry, they're not disappearing—the fast food chain is opening an equal number of new locations. The restaurants being shut down are old and in areas that aren't doing well financially, according to Wendy's CEO, Ki
Sun Country Airlines, known for its hybrid low-cost model, is considering a new partnership with Amazon that could involve special charter flights for dedicated customers. This news came from Sun Country's CEO, Jude Bricker, during a call to discuss the company's financial results. Currently, Sun Co
Super Micro Computer’s stock has taken a beating, dipping to $28 per share after its auditor, Ernst & Young, decided to walk away. The server company, which joined the S&P 500 in March 2024, is now in hot water, possibly facing delisting from the Nasdaq. This isn’t the first time they’re dealing wit
Airbus has decided to stick to its plan of delivering 770 aircraft in 2024, even though it's facing some big problems with its supply chain. This news came after the company reported better-than-expected earnings for the third quarter. Airbus made €1. 41 billion before interest and taxes, which was
Bitcoin is making waves, climbing towards $70, 000, while gold hit a record $2, 733 per ounce. Investors are flocking to these assets due to global uncertainty, like the Fed’s rate cuts and tensions in the Middle East. But which one is a better investment? Matthew Hougan, Chief Investment Officer at
