Cathie Wood buys $2.5 million of tumbling megacap stock
Cathie Wood, head of Ark Investment Management, was relatively quiet this week, even as the S&P 500 rallied about 4.5% over the past five days. Wood made no trades on Tuesday, April 14, and Wednesday, April 15, and sold some shares of two medical stocks on Monday, April 13, and Thursday, April …
Read MoreAward-winning vodka and whiskey brand files Chapter 11 bankruptcy
The distilled spirits industry faced a challenging year in 2025, as spirits supplier sales declined by 2.2% to $36.4 billion, according to the Distilled Spirits Council of the United States. The decline in sales has led to distillery closings and bankruptcy filings in certain cases. Industry …
Read MoreIconic 42-year-old BBQ chain has closed half its restaurants
Barbecue has become America’s national food, even though the definition of the cuisine varies from state to state. There’s no consensus on the best American barbecue, and people will fight over dry versus wet, cooking techniques, and whether white sauce deserves a place at the table. “Barbecue, not …
Read MoreE-commerce giant shuts down office as layoffs rise
San Francisco is facing growing pressure from businesses as they step away from the city. Once the center of the tech boom, the city is seeing a steady wave of companies scaling back or leaving altogether, driven by high costs, shifting workplace dynamics, and a struggling office market. From …
Read MoreGold surges on Hormuz news: Here’s what comes next
The Strait of Hormuz just got a little less scary. Gold liked what it heard. Spot gold rose approximately 1.0% to $4,838.50 an ounce on April 17 after Iran’s foreign ministry declared the Strait “completely open for the remaining period of ceasefire” for all commercial vessels, according to …
Read MoreUnited Airlines quietly cuts free perk
In the spring of 2025, United Airlines began adding Starlink to some of its regional jets in a massive partnership that will eventually see it roll out the Wi-Fi technology to its entire fleet of nearly 1,100 planes. As of April 2026, passengers planes equipped with Starlink can get access to free …
Read MoreTrump family’s World Liberty crypto venture faces investor backlash
WLFI has fallen after the disclosure of a loan linked to the token and criticism from one of its biggest backers
Read MoreAnthropic’s Mythos AI model tests limits of global cyber defences
New system has sparked fears it could turbocharge hacking and expose weaknesses faster than they can be fixed
Read MoreEconomic pain from Iran war will hit poor countries hardest, officials say
IMF/World Bank spring meetings hear warnings that some developing countries may require additional lending
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