Cryptocurrencies
Bankrupt burger chain franchisee liquidating 59 locations
Fast-food restaurant chain franchisees, whether they sell pizza or burgers, are facing significant downsizing in restructurings to eliminate underperforming locations. Franchisees of chains such as Carl’s Jr., Wendy’s, Pizza Hut, and Papa John’s have all Read more…
Cryptocurrencies
Hot May CPI sticks a pin in Fed rate-cut bets
Welcome to our Hot Inflation Summer. Beer, beef, and bikini prices are rising just as our paychecks are shrinking, according to two government reports released June 10. Plus the cost of borrowing money — the Read more…
Cryptocurrencies
Cathie Wood buys $4.3 million of tumbling tech stock
Cathie Wood, chief of Ark Investment Management, likes to buy stocks after sharp selloffs, hoping for a bargain. That’s what she just did, adding shares of DoorDash after the stock fell roughly 8% over the Read more…
Cryptocurrencies
Morgan Stanley spots hidden multi-decade data center winner
Some categories of investment theses don’t make headlines. Not because they’re boring, but because they move slowly enough that most investors lose patience before the payoff arrives. U.S. manufacturing reshoring has that kind of story. Morgan Read more…
Cryptocurrencies
Uber cuts jobs while chasing major new markets
At this point, any layoff news is not a surprise. And while the numbers often appear smaller in the company context, the impact on the people left to search for new jobs in this economy Read more…
Cryptocurrencies
Cybersecurity stocks in spotlight as U.S. vulnerability takes center stage
Given the increased use of AI in cyberattacks and the looming Anthropic Mythos model that is expected to make it even easier for hackers to find and exploit vulnerabilities, the federal government has been aggressively Read more…
Cryptocurrencies
OpenAI makes IPO decision amid Anthropic, SpaceX fervor
The AIIPO window that Wall Street has been anticipating for two years is no longer theoretical. SpaceX priced its offering last week. Anthropic filed confidentially on June 1. On June 8, OpenAI announced it had Read more…
Cryptocurrencies
Anthropic sounds the alarm on AI danger
Every machine that ever mattered was built by a human hand. Someone drew the blueprint, cut the steel, or wrote the code, then signed off before it shipped. We argue about who gets rich and Read more…
Cryptocurrencies
Dave Ramsey sends hopeful message about mortgage payments
Dave Ramsey is a personal finance influencer probably best known for his “7 Baby Steps” to wealth. He’s also known for having black-and-white opinions about money and for being honest — even brash — on Read more…