MTF Enterprises, a major operator of 43 Subway restaurants across four states, has filed for Chapter 11 bankruptcy, citing unsustainable debt burdens from merchant cash advance loans. The move highlights ongoing pressures within the franchise sector.
Nvidia CEO Jensen Huang has publicly committed to a landmark investment in OpenAI, calling it potentially the company's largest ever, while forcefully refuting reports of hesitation. The move deepens the strategic ties between the AI chip giant and the leading AI research lab.
New data shows a mixed bag for grocery bills in North Carolina's capital, with common staples trending lower from last month while beef costs rise, against a backdrop of moderating national inflation.
Polish military police are investigating after a small, commercially available drone of unknown origin crashed inside a sensitive army facility in Przasnysz, highlighting persistent vulnerabilities in European airspace security.
The parent company of Fatburger, Johnny Rockets, and Twin Peaks files for bankruptcy in Texas, citing inflationary pressures and shifting consumer demand, while vowing to keep restaurants open.
Notice savings accounts promise better returns than easy-access rivals, but your money is locked away for a set period. We examine today's best rates and whether the trade-off is worth it for your financial planning.
The United States is establishing a $12 billion national stockpile of critical minerals, including rare earths and key battery metals, in a decisive move to secure supply chains and reduce immediate strategic dependence on China.
The U.S. dollar index climbed to a one-week high, buoyed by unexpectedly strong manufacturing activity and the nomination of a perceived hawkish candidate for Federal Reserve Chair. The rally overshadowed ongoing concerns about fiscal policy and a brief government shutdown.
The Canadian government has granted final approval for Ovintiv's takeover of NuVista Energy, completing all regulatory and shareholder requirements. The deal, expected to close shortly, significantly bolsters Ovintiv's position in the Canadian oil and gas sector, though analysts debate its long-term value and impact on shareholder returns.
Kalmar Oyj embarks on a strategic, long-term IT transformation with Tata Consultancy Services, building an AI-powered digital core to streamline operations, enhance equipment reliability, and solidify its service-led business model in the competitive port equipment sector.
In a significant move to secure domestic supply chains for critical minerals, the U.S. government has taken a direct 15% equity position in MP Materials. This strategic investment, paired with expanded federal contracts, aims to reduce reliance on foreign sources for rare earths essential to defense and green energy technologies.
Speculation mounts over a potential merger between Tesla and SpaceX, part of a broader strategic realignment under Elon Musk that could see Tesla shift focus from electric vehicles to humanoid robots and autonomous taxis, with xAI potentially in the mix.
In a major strategic pivot, Global Payments (NYSE:GPN) is shedding its issuer processing business to focus on merchant acquiring, fueled by its planned acquisition of Worldpay. The move aims to reshape its revenue streams and competitive edge in the evolving payments landscape.
Public Service Enterprise Group (PEG) reports recycling more than 86% of its operational materials in 2024, as it strengthens its board with the appointment of former utility executive Geisha J. Williams, signaling a dual focus on environmental stewardship and governance.
Shares of Brookdale Senior Living (BKD) climbed over 7% after RBC Capital reaffirmed its confidence in the company's long-term prospects, citing strong industry tailwinds and improved operational positioning.
GameStop shares rallied over 6% after CEO Ryan Cohen outlined a bold vision to transform the struggling retailer into a consumer sector powerhouse through strategic M&A, leveraging its substantial cash reserves.
STAAR Surgical's stock fell sharply after the ophthalmic device maker announced the appointment of interim co-CEOs, fueling investor uncertainty following the CEO's recent departure and a failed takeover attempt.
Shares of Columbia Financial (CLBK) rallied sharply after the community bank announced a definitive agreement to acquire Northfield Bancorp, a move set to create New Jersey's third-largest regional bank and significantly boost future earnings.
The actively managed Schwab Core Bond ETF (SCCR), launched in early 2025, is gaining attention for its monthly distributions and a current yield of 4.32%. The fund focuses on high-quality U.S. dollar-denominated debt, offering retirees and other investors a potential source of predictable income in a shifting rate environment.
The pioneering car-sharing firm Zipcar, founded in Cambridge in 1999, is closing its Boston corporate office and laying off dozens of local staff as parent company Avis Budget Group consolidates operations to New Jersey.
