Cracker Barrel lost nearly $100 million in market value after unveiling a new logo that drops its longtime image of “Uncle Herschel” leaning on a barrel, sparking backlash from investors, marketing experts, and conservative commentators. Shares fell over 7% on Thursday before recovering slightly, reflecting unease with the rebrand and broader concerns about the chain’s strategy. Critics called the redesign generic and a misstep that … Continue reading Cracker Barrel loses almost $100 million in value as stock plunges after new logo release

The U.S. will immediately stop issuing worker visas for commercial truck drivers, Secretary of State Marco Rubio announced, citing road safety risks and protection of American truckers’ jobs. The pause, applying to all nationalities, will allow a review of screening and vetting protocols. The move comes amid a shortage of about 60,000 drivers and efforts to enforce English proficiency and entry-level training standards, ABC News … Continue reading U.S. halts issuing worker visas for commercial truck drivers

Former President Donald Trump has called for Federal Reserve Governor Lisa Cook to resign, citing allegations about her mortgages in Michigan and Georgia. The claims, raised by US Federal Housing Finance Agency Director Bill Pulte, suggest Cook improperly declared multiple homes as primary residences to obtain favorable loan terms in 2021. Trump amplified the allegations on social media and has reportedly considered trying to remove … Continue reading Trump calls on Fed Gov Cook to resign over mortgage allegations

Target CEO Brian Cornell will step down early next year after more than a decade leading the $107 billion retailer. He will become executive chair, while current COO Michael Fiddelke takes over as CEO on Feb. 1. The leadership change comes as Target faces sluggish sales, boycotts over its Pride collection, and reduced DEI initiatives. In its latest quarter, revenue rose slightly from the previous … Continue reading Target CEO to step down as sales remain sluggish

Walmart is recalling certain Great Value brand frozen shrimp after the FDA warned of possible radioactive contamination. The shrimp, imported from Indonesian supplier PT. Bahari Makmur Sejati, may contain Cesium-137, though no recalled products have tested positive. Walmart has pulled the items from stores, urged customers not to eat them, and is offering refunds, CBS News has reported. The FDA said the warning followed detection … Continue reading Walmart recalls Great Value shrimp after FDA warns of risk of radioactive contamination

Air Canada flight attendants have reached a tentative agreement with the airline, ending a nearly four-day strike that grounded flights and stranded over 500,000 passengers. More than 10,000 crew members walked out over pay and scheduling, rejecting government back-to-work orders before mediated talks led to a breakthrough on Tuesday. The proposed deal includes immediate pay raises of 8–12% and new ground pay for pre-flight duties, … Continue reading Air Canada to resume flights after pay deal struck with union

Air Canada flight attendants continue their strike despite a Canada Industrial Relations Board ruling it “unlawful” and a government back-to-work order. The walkout, now in its third day, has stranded roughly 500,000 passengers. The union, CUPE, demands higher pay and compensation for ground time, rejecting the airline’s recent offer, the BBC has reported. Leaders say they are willing to face fines or jail rather than … Continue reading Air Canada flight attendant union refuses to end strike

Private members’ club chain Soho House has been acquired for $2.7bn (£2bn) by a consortium led by MCR Hotels and backed by private equity firm Apollo, with actor-investor Ashton Kutcher joining the board. Founded in London in 1995, Soho House now operates 46 clubs worldwide and other luxury hospitality ventures. Once a hotspot for celebrities including Prince Harry and Meghan Markle, its NYSE-listed shares had … Continue reading Soho House bought for £2bn as Ashton Kutcher joins board

The Trump administration is reportedly considering taking a 10% equity stake in Intel by converting some or all of its $10.9 billion in Chips Act grants, potentially valuing the stake at around $10 billion. The move comes amid concerns over Intel’s struggling foundry business and follows a meeting between President Trump and new CEO Lip-Bu Tan. Analysts say federal backing could help Intel, though the … Continue reading Trump administration in talks to take 10% stake in Intel

Air Canada has delayed its planned limited flight resumption after the flight attendants’ union defied a federal order to return to work. The Canadian Industrial Relations Board had directed staff to resume duties Sunday following binding arbitration imposed by Jobs Minister Patty Hajdu. CUPE, representing the attendants, called the order “blatantly unconstitutional” and said members remain on strike, demanding fair contracts and pay. The walkout, … Continue reading Air Canada halts flight restart after union defies back-to-work order

Louisiana sued Roblox, alleging the platform fosters an environment where sexual predators target children. Attorney General Liz Murrill claimed Roblox prioritizes growth and profits over safety, citing gaps in age verification and moderation. The lawsuit follows similar cases, including one in Iowa involving a 13-year-old allegedly trafficked after meeting an adult predator on Roblox. While the platform restricts sharing personal information and is testing age … Continue reading State sues Roblox over alleged failed protection

Intel shares surged 7.4% after reports that the Trump administration is considering a government investment in the struggling chipmaker to support its Ohio factory hub and financial stability amid job cuts. Talks followed a meeting between President Trump and Intel CEO Lip-Bu Tan, despite Trump recently calling for Tan’s resignation over alleged ties to China. While the White House stressed the discussions are speculative, investors … Continue reading Intel shares jump after report says Trump administration looking at stake

The World Economic Forum (WEF) board concluded there is no evidence of wrongdoing by Klaus Schwab after an independent probe into allegations that he and his wife misused Forum resources. While minor irregularities were found, the board said they reflected commitment rather than misconduct and strengthened governance measures were implemented. Schwab, 87, had already announced plans to step down. The WEF also replaced interim chairman … Continue reading Davos founder Schwab cleared of misconduct by WEF probe

Gildan Activewear will acquire U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, paying about $6 per share—a 24% premium. The deal merges Hanesbrands’ strong retail brands, including Hanes, Maidenform, and Playtex, with Gildan’s global wholesale operations. Analysts say Gildan’s low-cost manufacturing could improve efficiency. The acquisition follows years of challenges for Hanesbrands, including declining sales and heavy debt, though recent cost-cutting improved … Continue reading Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business

Bullish (BLSH), the cryptocurrency exchange and CoinDesk owner, saw its stock surge 8% pre-market Thursday to $75, doubling its $37 IPO price and valuing the company over $10 billion, despite a 20% drop from Wednesday’s opening at $90. Shares briefly spiked to $118 after trading began, prompting volatility halts. Bullish raised $1.1 billion in the IPO, above its expected $32–$33 range, following a failed 2021 … Continue reading Bullish stock ends first day at $70 with 90% gain

Cava shares fell 16% Wednesday after reporting weaker-than-expected quarterly same-store sales growth of 2.1%, far below Wall Street’s 6.1% forecast. The drop reflects a broader slowdown in fast-casual dining, as chains like Chipotle, Shake Shack, and Sweetgreen also report declining traffic and cautious consumers amid economic uncertainty. Executives cite “consumer fog” and low sentiment as key factors, though some chains are seeing modest recovery in … Continue reading Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown

Elon Musk threatened to sue Apple, accusing it of antitrust violations for allegedly favoring OpenAI’s ChatGPT over his xAI’s Grok chatbot in App Store rankings and promotions. Musk claimed Apple’s practices make it “impossible” for other AI firms to reach the top spot and criticized its “Must-Have” section for excluding X and Grok. Apple, which last year integrated ChatGPT into its devices, declined to comment, … Continue reading Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations

Eastman Kodak warned it may not survive, citing a lack of committed financing or liquidity to cover about $500 million in upcoming debt. The 133-year-old photography company plans to cut pension payments and sell assets to raise cash. Shares fell over 7% after the announcement. Once dominant in film and cameras, Kodak’s failure to adapt to digital photography led to a 2012 bankruptcy, CNN has … Continue reading 133-year old Kodak says it might have to cease operations

Spirit Airlines warned of possible insolvency just months after emerging from bankruptcy, citing weak domestic demand, excess capacity, and dwindling cash reserves. The carrier, which filed for Chapter 11 last November and restructured in March, is facing credit-card processing risks, potential liquidity shortfalls, and ongoing operational pressures. Spirit plans to raise cash by selling assets and cutting airport gate capacity, but says substantial doubt remains … Continue reading Spirit Airlines raises going-concern doubts, months after exiting bankruptcy

Nvidia and AMD have agreed to pay the U.S. government 15% of their semiconductor sales revenue to China in exchange for export licenses, a deal reported by the Financial Times. This arrangement allows Nvidia’s H20 chips and AMD’s MI308 chips to be sold in China amid ongoing U.S.-China trade tensions. While the deal could generate billions for the U.S., China has raised security concerns, accusing … Continue reading Nvidia and AMD will give US 15% of China chip sales

President Trump signed an executive order directing federal agencies to allow 401(k) retirement plans to include higher-risk investments like private equity and cryptocurrencies. While no immediate changes will occur, new rules could eventually let employers offer these alternatives, opening trillions in retirement funds to industries long seeking access. This move rewards private equity and crypto sectors, which have supported Trump’s campaign, contrasting with the previous … Continue reading Trump opens the door for private equity and crypto as 401(k) retirement plan options

Asian markets were mostly down Friday, except for Tokyo, where the Nikkei 225 surged 2.2% after Japan resolved a tariff dispute with the U.S. that had threatened key exports like cars. Automakers Toyota and Honda saw strong gains. Meanwhile, markets in Hong Kong, South Korea, and India fell, while Taiwan edged up slightly. On Wall Street, the S&P 500 and Dow slipped, but the Nasdaq … Continue reading Asian shares are mostly lower, while Tokyo’s Nikkei jumps 2%

Intel shares fell Thursday after President Trump called for CEO Lip-Bu Tan to resign, citing conflicts of interest. Trump’s demand follows criticism from Sen. Tom Cotton over Tan’s past ties to Chinese companies and a previous criminal case involving Cadence Design, where Tan was CEO. Intel defended its leadership, highlighting its major investments in U.S. semiconductor manufacturing, CNBC has reported. Tan, appointed in March, recently … Continue reading Intel shares drop after Trump calls for CEO to resign immediately

Pfizer raised its full-year adjusted profit forecast due to cost cuts and strong business performance, beating Q2 revenue estimates driven by Covid products and other drugs. The new profit guidance is $2.90 to $3.10 per share, up from $2.80 to $3.00, while maintaining its 2025 revenue outlook of $61 billion to $64 billion. The company plans to record a $1.35 billion one-time charge linked to … Continue reading Pfizer hikes 2025 profit outlook on cost cuts, strong quarterly results

AMD reported slightly missed earnings with 48 cents per share vs. 49 expected, but revenue beat estimates at $7.69 billion. The stock dropped 5% after hours. The company expects $8.7 billion in sales next quarter. AMD is the second-largest AI GPU maker behind Nvidia, gaining clients like OpenAI. New AI chips, Instinct MI400, launch next year, but U.S. export controls hurt sales to China, costing … Continue reading AMD reports weaker-than-expected earnings even as revenue tops estimates