Red Lobster closing at least 99 locations as its future comes into question
At least 99 locations of Red Lobster are being auctioned off amid questions about the stalwart seafood chain’s long-term future. In a post Monday on LinkedIn, Neal Sherman, founder and CEO of TAGeX
Amazon Web Services CEO Adam Selipsky to step down
Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month, the company announced Tuesday. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Selipsky
Comcast to bundle Peacock, Netflix and Apple TV+ at a ‘vastly reduced price’
Get ready for the next cable-like streaming bundle: Comcast later this month will launch a three-way bundle — with Peacock, Netflix and Apple TV+ — offered at a deep discount, Comcast chief Brian Roberts said. Dubbed StreamSaver, the
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
When it comes to spending money in retirement, there’s one rule of thumb — the 4% rule — that has persisted for decades. The 4% withdrawal rule calls for retirees to withdraw that portion from their investment
Dow slips for first losing day in nine as consumers’ expectations for inflation rise
The Dow Jones Industrial Average slipped on Monday, snapping an eight-day winning streak, as traders grappled with rising inflation expectations ahead of key reports due later in the week. The 30-stock Dow fell 81.33 points,
Biden’s false claim that inflation was 9 percent when he took office
Inflation “was at 9 percent when I came in and it’s now down around 3 percent.” — President Biden, in an interview with Yahoo Finance, May 14 Inflation continues to be an albatross for
Trump alumni raising millions for legal defenses while scouting for White House hires
Some of former president Donald Trump’s co-defendants in a Georgia election interference case are receiving legal funding from a charity started to help people charged in efforts to overturn the 2020 election