The firm was at one time among the largest solar manufacturers in the country. Its descent into bankruptcy came after plenty of warning signs. SunPower, a Silicon Valley solar pioneer, filed for bankruptcy in Delaware yesterday, marking the collapse of a onetime icon of American solar. The company will sell...

SunPower, a solar icon once valued in the billions, files for bankruptcy

Reuters

(Reuters) -Solar firm SunPower said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria for $45 million in cash.

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million

SunPower filed for Chapter 11 bankruptcy late Monday after announcing plans to sell portions of its operations to Complete Solaria for $45 million. One of the largest residential solar installation companies in the U.S., SunPower was a leading U.S. manufacturer of solar panels before it spun out its manufacturing operations in 2019.

SunPower files for bankruptcy, plans to sell or wind down remaining operations

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

Tesla stock has been riding one of the most exhilarating bull runs in the company’s history. In the last month alone, the EV maker’s stock price has surged by a whopping 50%. In the middle of the trading day today, Tesla shares reached a peak of $270 a...

Tesla Shares Crash by a Whopping $105 Billion in a Single Day After CNBC Host Jim Cramer Said “Tesla Could be the Next $1 Trillion Company” – Inverse Cramer Strikes Again

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The Motley Fool

These companies became titans by dominating a single industry, but they're now expanding and seeing success in other areas.

These 2 Dow Stocks Are Set to Soar in 2024 and Beyond

Warren Buffett has been selling a lot of stock, and that revelation is inducing his many admirers to follow suit. His Omaha, Nebraska-based conglomerate, Berkshire Hathaway Inc., reported Saturday that it reduced several positions and slashed its stake in top-holding Apple Inc., a sign to some in markets that the “Oracle of Omaha” was bracing for deep stock-market declines. The intended message wasn’t actually as clear-cut as meets the eye, but that nuance might not matter given the speed of the sentiment tailspin in markets.

Buffett's $277 Billion Cash Hoard After Selling Apple Is a Warning

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year.

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

Donald Trump and his Republican allies who saw the market's global sell-off as an opportunity to attack Vice President Kamala Harris' economic record were noticeably quieter as stocks gained back some of their losses. Stocks plunged Monday on investors' recessionary fears spurred by a weak jobs report and worries that...

Trump quiet on markets after stock rebound robs him of 'Kamala Crash' attack line

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Florida State

Akeena

Who would have thought that a chain known for its endless shrimp promotion could find itself in such a pickle? But here we are—Florida-based Red Lobster, which has been reeling from financial troubles, may have finally found a lifeline. After a surprising $11 million loss in the third quarter of 2023 due to that very shrimp deal, Red Lobster filed for bankruptcy in May 2024. And now, there’s a glimmer of hope on the horizon.

A Florida based chain that filed for bankruptcy has reportedly found a potential buyer

Cathie Wood's Ark Investment Management issued a new forecast for Tesla stock last month. Wood thinks Tesla is the biggest artificial intelligence (AI) opportunity in the world, thanks to its full self-driving technology. Wood thinks Tesla stock will soar to $2,600 by 2029, but I think investors should pump the...

1 Unstoppable Stock That Could Soar 1,110% by 2029, According to Cathie Wood

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

CNBC brings you fast, accurate, and actionable business news and market updates.

News Update – Late Morning

Find out if the largest electric vehicle company in the world is the right solar panel company for your home in our Tesla solar review.

Tesla solar review: Is the tech worth the hype?

TheStreet

The tech-heavy Nasdaq Composite index has gained 10% year to date.

Cathie Wood buys $28 million of battered tech stock

Morristown, NJ

Morristown Minute

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

NewsBreak

Sunrun sees market opportunity after SunPower files for bankruptcy, company's shares surge

Sunrun CEO Mary Powell said the company is having conversations with many of SunPower's former dealers. SunPower filed for bankruptcy Monday as the company has struggled...

Sunrun sees market opportunity after SunPower files for bankruptcy, company's shares surge

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