The Chicago Bulls celebrate during the game after Nikola Vucevic #9 of the Chicago Bulls scores the game winning buzzer beater against the Portland Trail Blazers on Nov. 19, 2025 at the Moda Center Arena in Portland, Oregon. Cameron Browne | National Basketball Association | Getty Images Walmart heir Lukas Walton and his wife, Samantha,…
The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and “endless shrimp” promotion backfired against company revenue. Brandon Bell | Getty Images Restaurant chain Red Lobster’s “Everyday $20 Ultimate Endless Shrimp” offering was described as a…
The Airwallex logo appears on a laptop computer screen in this photo illustration in Athens, Greece, on December 8, 2025. Nikolas Kokovlis | Nurphoto | Getty Images Airwallex has raised $320 million in a Series H funding round, valuing the global payments company at $11 billion, a 38% leap from just six months ago, as…
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/isna | Via Reuters The International Maritime Organization has paused its efforts aimed at evacuating ships and seafarers stranded inside the Middle East Gulf after a vessel was attacked in the Gulf of Oman. The pause follows a…
JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon’s long-running succession planning while announcing the retirement of one of Dimon’s most prominent potential successors. Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since…
An Olive Garden restaurant in Milpitas, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as same-store sales growth at the company’s fine-dining restaurants and Olive Garden fell short of expectations. Shares of the company slid more than 1% in premarket…
Omar Marques | Lightrocket | Getty Images Micron soared in premarket trading on Thursday after the memory maker reported blockbuster third-quarter earnings as the AI boom causes demand for memory to surge. The company’s revenue more than quadrupled from $9.3 billion a year earlier to $41.46 billion in its fiscal third quarter, it reported on…
The SK Hynix logo is seen above a printed circuit board. Sopa Images | Lightrocket | Getty Images Shares of South Korean chip giant SK Hynix surged as much as 11% on Thursday after the company said it plans to raise as much as $29.4 billion in a U.S. stock market listing. The company plans…
Micron CEO Sanjay Mehrotra speaks at a groundbreaking ceremony for the company’s semiconductor manufacturing facility in Clay, New York, on Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron‘s revenue more than quadrupled in the fiscal third quarter, the company said on Wednesday, as the memory maker continued to benefit from soaring demand…
Cerebras Systems CEO Andrew Feldman said Wednesday that investors “misunderstood” the artificial intelligence chipmaker’s margin guidance, as shares slid 17% after the company reported results for the first time since going public. Analysts at Mizuho and Wedbush raised their estimates following Cerebras’ earnings call. But the company forecast a narrower gross margin in its core…
