A bankruptcy court approved Red Lobster’s plan to exit Chapter 11, putting the seafood chain one step closer to exiting bankruptcy. The company, known for its seafood offerings and cheddar biscuits, filed for bankruptcy protection in May. Red Lobster had struggled with increased competition, expensive leases, last year’s disastrous shrimp promotion and a broader…
After Nvidia (NVDA) dropped after earnings this week, investors are once again reminded of the importance of the semiconductor space. I think of semis as a “bellwether” group, as strength in the VanEck Vectors Semiconductor ETF (SMH) usually means the broader equity space is doing quite well. Today, we’ll look at a…
In this video from StockCharts TV, Julius evaluates the completed monthly charts for August, noting the strength of defensive sectors. He then analyzes a monthly RRG and seeks alignment for the observations from the price charts. Could “sideways” be the most positive scenario for the S&P 500 these next few…
In early 2024, MicroStrategy (MSTR) became a meme stock favorite thanks to its close ties to Bitcoin. If you rode the hype to its peak in March, hopefully you cashed out before hedge funds began shorting it heavily and going long Bitcoin instead. How would you have known that hedge…
The Biden administration is accusing Russia on Wednesday of trying to influence the 2024 U.S. presidential election by targeting American voters through state-run media and other online platforms as part of a campaign referred to as ‘doppelganger.’ Attorney General Merrick Garland, speaking alongside FBI Director Christopher Wray and Deputy Attorney…
House Speaker Mike Johnson, R-La., unveiled a plan to avoid a partial government shutdown at the end of this month during a lawmaker-only phone call Wednesday morning. Johnson is aiming to hold a vote on the measure as soon as possible, likely next week, two sources familiar with the call…
House Republicans sent a subpoena to Minnesota Gov. Tim Walz, Vice President Kamala Harris’ 2024 running mate, over his administration’s handling of taxpayer funds during the COVID-19 pandemic. The subpoenas, sent by the House Education and Workforce Committee, center on a $250 million fraud scheme by a Minnesota-based nonprofit called…
A top conservative group is pouring an additional $5 million into six key House races around the country as Republicans fight to hold and expand their razor-thin majority in November. Club for Growth Action and Win It Back PAC, an affiliated fundraising group dedicated to flipping control of the Democrat-held…
While videos circulate online of Amazon’s Alexa giving vastly different answers when asked to make a quick argument for voting for Vice President Harris versus voting for former President Trump, federal donor records show the tech giant’s employees have a clear favorite. A review of a Federal Election Commission database…
: Sen. Lindsey Graham, R-S.C., issued a stern warning to Amazon after its virtual assistant technology, Alexa, was found to be politically biased in favor of Vice President Kamala Harris over former President Trump. Graham, the ranking member of the Senate Committee on the Judiciary, told Amazon president and CEO…