Red Lobster closing at least 99 locations as its future comes into question
At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and CEO of TAGeX Brands, a liquidation firm, announced he was leading
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Selipsky after he exits the company on June 3,
Comcast to bundle Peacock, Netflix and Apple TV+ at a ‘vastly reduced price’
Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said. Dubbed StreamSaver, the bundle will be available to all Comcast broadband,
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4% withdrawal rule calls for retirees to withdraw that portion from their investment portfolio in the first year of retirement. In
Dow slips for first losing day in nine as consumers’ expectations for inflation rise
The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of key reports due later in the week. The 30-stock Dow fell 81.33 points, or 0.21%, to close at 39,431.51. The S&P 500 inched
Oil and natural gas: Natural gas advances above $2.25
Oil and natural gas: Natural gas advances above $2.25 The oil price was again under pressure this morning at the $78.70 level. The price of natural gas rose to a new three-month high on Tuesday at the $2.27 level. Oil chart analysis The oil
Pepe Coin Price Prediction as Trader Makes 15,718x Profit – Time to Buy PEPE?
The Pepe Coin price has risen by 3.5% today, reaching $0.00001114 on a day when the crypto market as a whole has dipped by a very slight 0.3%. PEPE is now up an impressive 41% in a week and by 102%
Solana Staking Comes to Europe Through Robinhood’s New Crypto Offering
Robinhood Crypto’s customers in Europe can now stake their Solana holdings and earn rewards, thanks to a new program launched Wednesday. The platform also introduced a rewards program to attract new customers. “Robinhood Crypto customers can now stake their Solana (SOL)
Galaxy Digital Founder Michael Novogratz Expects Bitcoin to Trade in Narrow Range for Now
Michael Novogratz, the founder of Galaxy Digital Holdings, a prominent digital-asset financial services firm, expects Bitcoin to remain in a relatively narrow trading range in the current quarter. During a conference call following the release of Galaxy Digital’s first-quarter results, Novogratz
Sonne Finance Suffers $20M Exploit, Hacker Flees
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. On May 14, around 10:30 pm UTC, Web3 security firm Cyvers detected an ongoing attack on Sonne Finance’s USD and Wrapped Ether (WETH)