How private equity played a role in Red Lobster and TGI Fridays bankruptcies 25. February 2025 Finance (0) In 2024, 21 restaurant and bar chains filed for bankruptcy. Ten of those had been backed by private equity, according to PitchBook.
Unilever CEO Schumacher to step down after less than two years in the job 25. February 2025 Finance (0) Unilever CEO Hein Schumacher is stepping down after less than two years in the job, the company said Tuesday.
Bitcoin drops to a 3-month low below $90,000 in risk-off move 25. February 2025 Finance, Technology (0) Bitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto market awaits its next market catalyst.
PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027 25. February 2025 Finance, Technology (0) Facing competitors like Cash App, Zelle, and Apple Pay, PayPal is focused on expanding Venmo’s role in digital commerce.
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access 25. February 2025 Finance (0) Eli Lilly is offering higher-dose vials through its direct-to-consumer website, LillyDirect, which started offering lower doses in vials in August.
Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak 25. February 2025 Finance (0) Higher interest rates and home prices have challenged Home Depot's business.
Musk doubles down on threat to federal workers: Submit accomplishment list or get fired 25. February 2025 Finance (0) Elon Musk has been tasked by President Donald Trump with slashing federal government spending and the federal employee headcount, an effort known as DOGE.
'It's the beginning': Kremlin plays it cool ahead of more U.S. talks, says Biden 'messed things up badly' 25. February 2025 Finance (0) The Kremlin is keen to play it cool as efforts continue to restore bilateral relations that it said were badly damaged during the previous Biden administration.
Here's what upcoming budget negotiations may mean for Social Security 25. February 2025 Finance (0) Benefit cuts are off the table for now in upcoming budget negotiations, experts say. But the agency may continue to struggle with customer service woes.
February consumer confidence posts biggest drop since 2021in latest sign of slowing economy 25. February 2025 Finance (0) The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.