Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout
Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed by the company’s founders. Hooters, like other casual dining restaurants, has struggled in
Meta’s head of AI research announces departure
Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company. Joelle Pineau, the company’s vice president of AI research, announced her departure in a LinkedIn post, saying her last day at the social media company will be May
Trump effect? Newsmax (NMAX) stock soars 500% on NYSE debut as right-wing media demand surges
Newsmax, the conservative cable news network, made its public debut on the New York Stock Exchange on Monday, defying market trends with an explosive opening. Trading under the symbol “NMAX,” the stock opened at $14 after being priced at $10
Will the S&P 500 rebound in April after its worst monthly drop since 2022?
US stocks are ending March with a decline they haven’t seen in a single month since September of 2022 as the White House continues to stir uncertainty for global investors.Fears of Trump’s tariffs leading to trade tensions and even a
JEPI and JEPQ ETFs: Scorecard as S&P 500 and Nasdaq 100 crashed in Q1?
US stocks were tested in the first quarter as the fear and greed index plunged to the extreme fear zone of 18. The tech-heavy Nasdaq 100 index crashed into a correction, falling by over 13% from its highest point this
Top tariff-proof S&P 500 index stocks to buy in April
The upcoming Liberation Day tariffs by Donald Trump will be the main catalyst for the stock market in April. These tariffs helped to tank the stock market in Q1, with the S&P 500 index falling by double digits during the
Musk sued by SEC for $150M profit from delayed Twitter stock disclosure
The US Securities and Exchange Commission (SEC) is proceeding with a $150 million lawsuit against Elon Musk over alleged securities fraud during his 2022 acquisition of Twitter, now known as X. The agency claims that Musk failed to disclose his
Nio stock price has crashed: is it safe to buy the dip?
Nio stock price has imploded this year, and is hovering at its lowest point since 2020 after reporting results that largely missed analysts’ estimates. It crashed to a low of $3.75 on Friday, down by 52% from its highest point
XRP price prediction for April 2025: buy, sell, or hold Ripple?
XRP price started April sitting at a crucial make-or-break level. After Ripple’s surge to $3.4 in January, it collapsed to a low of $2, down by over 37%. This crash happened even as Ripple fundamentally had a great quarter, including
JEPI and JEPQ ETFs: Scorecard as S&P 500 and Nasdaq 100 crashed in Q1?
US stocks were tested in the first quarter as the fear and greed index plunged to the extreme fear zone of 18. The tech-heavy Nasdaq 100 index crashed into a correction, falling by over 13% from its highest point this
AUD/USD forecast: signal after the RBA interest rate decison
The AUD/USD exchange rate remained under pressure on Tuesday after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It was trading at 0.6245, down slightly from the year-to-date high of 0.6390. So, what’s
Top blue-chip crypto tokens to buy in April to 5x your money
Bitcoin and most crypto tokens crashed in March as concerns about the Federal Reserve and Donald Trump’s tariffs continued. After rising to a record high of $109,300 in March, the BTC price plunged by over 20% to $82,000. There is a
Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic
Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic and other companies that have developed the so-called “agents.” The new model,