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Major Wendy’s Franchisee Files for Bankruptcy
QSR3d agobearish
Major Wendy’s Franchisee Files for Bankruptcy

Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., filed for bankruptcy after the burger chain moved to terminate its franchise rights across more than 300 restaurants. The Grand Rapids, Michigan-based company filed its petitions September 17 in the U.S. Bankruptcy Court for the Western District of Michigan. Meritage operates 320 quick-service […]

Tesla faces major trial for alleged bias against Black workers, after years of lawsuits
Reuters3d agobearish
Tesla faces major trial for alleged bias against Black workers, after years of lawsuits

Sept 21 (Reuters) - A California agency's lawsuit accusing Tesla of allowing rampant race discrimination at its flagship assembly plant is set to go to trial on Monday, one of a ‌series of similar lawsuits being faced by the electric vehicle maker. Lawyers for Tesla and the California ‌Civil Rights Department will square off in Oakland before state Superior Court Judge Peter Borkon, who has scheduled the trial to run until October ​30.

Novo Plunges as Investors Seek More Robust Sales Targets
Bloomberg3d agobearishVIDEO
Novo Plunges as Investors Seek More Robust Sales Targets

Novo Nordisk shares plunged in early trading as the company pledged to launch more than five blockbuster drugs and deliver more than $23 billion in new sales in coming years. The plans disappointed investors hoping for more concrete turnaround plans from Chief Executive Officer Mike Doustdar after the Danish drugmaker lost its lead in the booming obesity market to Eli Lilly. Bloomberg's Sanne Wass reports.

U.S.-China Summit, PMI and Other Can't Miss Items this Week
Barchart4d agobearish
U.S.-China Summit, PMI and Other Can't Miss Items this Week

Markets enter a diplomatically significant week as China's President Xi Jinping arrives in Washington September 23 for historic summit meetings September 24. The summit addresses critical trade, technology, and geopolitical issues including tariffs, AI competition, and Taiwan tensions.

Global stocks mixed as yen falls despite Bank of Japan rate hike
AFP6d agobearish
Global stocks mixed as yen falls despite Bank of Japan rate hike

Global stocks were mixed Friday at the end of a week dominated by central bank moves to tame inflation as the yen retreated against the dollar despite a Bank of Japan interest rate hike.The Bank of Japan raised interest rates to a three-decade high, but the yen sank against the dollar on fears the pace of hikes might be slower than expected.

Nike faces earnings pressure as UBS cuts price target
Proactive6d agobearish
Nike faces earnings pressure as UBS cuts price target

Nike Inc. (NYSE:NKE, XETRA:NKE) faces weaker earnings expectations as UBS cut its price target by 13% to $42, citing deteriorating global sales trends ahead of its first-quarter report. UBS expects first-quarter earnings for financial year 2027 to miss consensus by $0.05 per share, with...

Uber Ordered to Pay $40 Million in Wrongful Death Lawsuit
The Wall Street Journal6d agobearish
Uber Ordered to Pay $40 Million in Wrongful Death Lawsuit

Uber has been ordered to pay $40 million to the parents of a woman who was hit and killed by another car on the freeway, after her Uber driver allegedly pulled over and ordered her and her friend to get out of the vehicle.