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    1042 posts
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    It wasn’t the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.

    • May 25, 2024
    Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers…
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    Will schools finally pay student-athletes? What a historic settlement means for the NCAA and players

    • May 25, 2024
    Could college athletes really start getting paid directly by their schools, ending decades of acrimony over the issue? The NCAA, along with the five largest college athletic conferences, announced Thursday…
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    ‘It is time to break up Live Nation’: DOJ sues Ticketmaster parent over alleged monopoly

    • May 24, 2024
    The Justice Department filed a lawsuit Thursday seeking to break up Live Nation, the parent company of Ticketmaster, alleging it has hurt consumers and violated antitrust laws by exercising outsize…
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    Dow falls 600 points in worst day of 2024 as Nvidia’s blockbuster earnings fail to lift broader market

    • May 24, 2024
    Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. The 30-stock Dow slid 605.78 points,…
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    Palm Beach housekeepers are making $150,000 a year due to massive demand from the wealthy

    • May 24, 2024
    A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions,…
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    Frontier CEO urges crackdown on ‘rampant abuse’ of airport wheelchair service

    • May 24, 2024
    The 1986 Air Carrier Access Act requires airlines to provide a wheelchair to passengers with disabilities at the airport. The problem: Many travelers are faking it, Frontier Airlines CEO Barry Biffle says.…
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    Most Americans falsely think the U.S. is in recession, poll shows

    • May 24, 2024
    More than half of Americans think that the United States is in an economic recession, although gross domestic product has been increasing for the past several years. According to a new Guardian/Harris poll, 56% of respondents said…
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    Target, McDonald’s and others are offering value as they lose ground with bargain hunters

    • May 24, 2024
    Target’s weak quarterly earnings underscored why it cut prices on thousands of household staples: it’s struggling to win over bargain hunters. The discounter is not alone. Target’s first-quarter results on Wednesday not only…
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    Collapse of fintech firm with 10M users leaves many Americans without access to their money

    • May 24, 2024
    A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent…
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    Warner Bros. Discovery’s NBA rights offer could put it in competition with Amazon, not NBC

    • May 24, 2024
    Warner Bros. Discovery is considering matching an offer for the media rights to a package of National Basketball Association games as the league looks to finalize terms — but its focus…
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      Popular Topics
      • Karine Jean-Pierre abandons Dems after years fiercely defending Biden policies
      • Former Clinton aide Huma Abedin, Alex Soros marry in swank Hamptons wedding packed with Dem heavyweights
      • Dems ‘deliberately obfuscating’ truth about ‘big, beautiful bill’ with this claim: Watchdog
      • At least two dead after bridge collapses in India tourist destination
      • Fear grips Iranians, with some fleeing the capital as conflict with Israel escalates
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