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Categories Business

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

Author 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

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Categories Business

Oil prices hit three-month lows, head for weekly loss as summer driving season kicks off

Author May 25, 2024

Crude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets

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Categories Business

Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says

Author May 25, 2024

Boeing will burn through cash this year and deliveries of new planes won’t improve in the second quarter from the first, as the

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Categories Business

Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs

Author May 25, 2024

Tesla CEO Elon Musk said that he doesn’t support President Biden’s recent announcement of a tariff on Chinese-made electric vehicles. “Neither Tesla nor I asked for these tariffs,”

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Categories Business

Warner Bros. Discovery’s NBA rights offer could put it in competition with Amazon, not NBC

Author 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

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Categories Business

Collapse of fintech firm with 10M users leaves many Americans without access to their money

Author 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

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Categories Business

Target, McDonald’s and others are offering value as they lose ground with bargain hunters

Author 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

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Categories Business

Most Americans falsely think the U.S. is in recession, poll shows

Author 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

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Categories Business

Frontier CEO urges crackdown on ‘rampant abuse’ of airport wheelchair service

Author 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

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Categories Business

Warner Bros. Discovery and ESPN strike 5-year deal for College Football Playoff games

Author May 23, 2024

In a move to strengthen its sports offerings, Warner Bros. Discovery has signed a five-year sublicensing deal with Disney’s ESPN to broadcast first-round and quarterfinal

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