Columbus, OH

24/7 Wall St.

The EV Sector Can’t Stop Burning CashIn our discussion, we highlight Lucid (NASDAQ: LCID) Motors’ dire financial situation despite producing 2,110 cars in the second quarter. The company has suffered substantial losses, with its stock down 85% over the past two years and billions of dollars in shareholder value wiped out. We conclude that Lucid’s […]
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This Company Is Headed For Bankruptcy

U.S. stocks fell sharply Monday as part of a global selloff fueled by mounting recession fears among investors. The turmoil seems to have begun on Friday following the release of a disappointing July jobs report, which fueled concerns that the Federal Reserve has moved too slowly to cut interest rates — a move meant to alleviate some pressure on the economy. Further roiling global markets is unusual currency trading out of Japan.

The S&P 500 is down 7.5%—but if you're worried about it, 'you shouldn't own stocks,' says Warren Buffett

Entrepreneur

Lauren Chew, founder and CEO of Love+Chew, set out to "change our broken food system" with her first entrepreneurial venture.

Her Side Hustle Landed in Costco and Made $3 Million Last Year Even Though She 'Didn't Know Anything About Running a Business'

All of the investments made this year by Bezos’ family office — called Bezos Expeditions — have been in artificial intelligence, according to data provided to CNBC by FINTRX, a private wealth intelligence platform. Bezos Expeditions has always tilted heavily toward tech. Fully 70% of the family...

Jeff Bezos’ family office is making big investments in AI

Georgia State

iHeartRadio

The fate of the chain is now up in the air.

Another Clothing Retailer Declares Bankruptcy, Could Close All Stores

Colorado State

The Independent

The potential megamerger between Kroger and Albertsons, two of the largest supermarket operators in the United States, is on hold while lawsuits play out in state and federal court.On Thursday, the two companies agreed to a temporary injunction in Colorado – where the state Attorney General Phil Weiser sued to block the $24.6 billion deal from closing. Weiser said the merger violated Colorado antitrust laws and would cause “irreparable harm” to “consumers, workers and suppliers.”Simultaneously, the Federal Trade Commission has filed a lawsuit in federal court in Oregon, raising concerns the deal would lead to higher prices, fewer choices for...

Kroger pauses massive merger with rival grocery chain after numerous lawsuits and regulatory challenges

Wisconsin State

Pizza Hut franchisee EYM Pizza filed for Chapter 11 bankruptcy protection on Monday, according to court records from the U.S. Bankruptcy Court for the Eastern District of Texas. The operator listed Manufacturers Bank and Pizza Hut as its top unsecured creditors with respective claims of over $21 million and $2.2...

Pizza Hut franchisee declares bankruptcy

Chesterfield, MO

The US Sun

THE Cheesecake Factory has confirmed that its location in a mall will be permanently closed in just weeks. Along with the beloved American chain, all the other mall stores will shutter as the shopping center shuts down for good. The Cheesecake Factory in Chesterfield, Missouri - around 25 miles from...

The Cheesecake Factory confirms mall location is closing in weeks as all stores are warned to leave ahead of demolition

New York City, NY

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writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Florida State

L. Cane

Astute Floridians may already know that 2023 was a very difficult year for the trucking industry and 2024 is proving to be difficult for trucking in Florida. Specifically, according to Costa Systems, in 2023, 80,000 trucking companies shut down operations. And in Florida in July of 2024, three trucking companies filed for bankruptcy and one laid off dozens.

FL Trucking Hit Hard - Three Trucking Companies File For Bankruptcy & Another Lays Off In July 2024

Big Lots may now close up to 315 stores under amended credit and loan terms, according to an 8-K filed Friday with the U.S. Securities and Exchange Commission. Previous terms with lenders allowed it to close up to 150 under performing stores. In June, the company said it planned to close up to 40 stores.

Big Lots may close up to 315 stores

Insider

McDonald's global comparable sales dropped 1%. CEO Chris Kempczinski said the company hadn't homed in strongly enough on value.

McDonald's just admitted that it's too expensive, and it's driving some customers away

Los Angeles, CA

California State

(The Center Square) - The owner of fast-casual food chains Tender Greens and Tocaya filed for bankruptcy, citing California’s $20 per hour fast food minimum wage, inflation, and the state’s empty office districts as contributing factors. The bankruptcy effort is aimed at restructuring and keeping stores open and employees at work.

Two more California chains file for bankruptcy, citing $20 per hour minimum wage

San Francisco, CA

Last year, after selling a chunk of his stock and bond portfolio to purchase a house in cash, Sam Dogen found himself with too little passive income to support his family's budget. The 47-year-old millionaire founder of Financial Samurai had been retired since 2012, but now that both of his...

A millionaire early retiree earning $380,000 a year in passive income went back to work—but only lasted 4 months

New Jersey State

Connecticut State

Capital Chronicles

Stop & Shop, a beloved grocery chain across the Northeast, has announced unexpected closures for 32 underperforming locations by the end of this year. This decision affects stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island, with closures scheduled before November 2.

A well-loved grocery chain has confirmed that it unexpectedly closed some of its stores

Ramit Sethi, self-made millionaire and star of Netflix's "How to Get Rich," says that renting is unfairly dismissed as "wasting money" because "it's going to a landlord" rather than building wealth. But when you pay rent, "you're not throwing money away," Sethi tells CNBC Make It. "You're paying for a...

You're not 'throwing away money' on rent, says self-made millionaire: 'I've made more renting than I would owning'

Miranda Lambert went low-cut and leggy as she attended the 2022 CMT Awards in a stunning dress, but the country singer nonetheless wound up shamed for her style. All smiles as she posed for red-carpet photos with husband Brendan McLoughlin, the 40-year-old confidently displayed her curves in a glittery number, looking glam in high heels and with a fun, bright pink purse adding plenty of color.

Miranda Lambert Shamed In Plunging Dress Needing A ‘Bigger Size’

Money

Consumer behavior occasionally seems to change on a whim. Other times, though, what people are buying — or not buying — can be explained by major forces affecting the economy. Today's shopping trends can largely be traced back to the COVID-19 pandemic and the historic inflation that followed....

8 Things People Have Stopped Buying (and Why)

RED Lobster's path out of bankruptcy has been revealed after the chain announced its new owners. On Monday, the bankrupt seafood restaurant confirmed that RL Purchaser LLC, a new group by Fortress Credit Corporation will take over after no other bidders came forward. RL Purchaser was what is known as...

Red Lobster to exit bankruptcy – but CEO warns restaurant closures are just the start of sweeping changes for chain

Akeena

It looks like Red Lobster might be on the verge of a fresh start. After filing for Chapter 11 bankruptcy back in May, the beloved seafood chain is about to change hands, and it seems like things are moving fast.

Beloved Seafood restaurant chain could soon have a new owner, two months after bankruptcy

NewsBreak

Carvana CEO learned valuable lessons from the company's 2022 bankruptcy scare: ‘You’ve got to get a little lucky’

How do you survive a tough stretch? Stay resilient and, when your luck turns, be ready to jump at the right opportunity, according to Carvana co-founder...

Carvana CEO learned valuable lessons from the company's 2022 bankruptcy scare: ‘You’ve got to get a little lucky’

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