Subway has been sold to private equity firm Roark Capital for an undisclosed amount, marking the end of the sandwich chain's six-decade run as a family-owned business.
Shares of Walt Disney Co. are nearing their lowest close since 2014, trading at $83.95 and down 2.2% in Thursday morning action, marking a 58% decline from its all-time high in March 2021.
Affirm's stock soared by 25% after releasing its earnings report, which showed strong revenue growth, a narrower net loss, higher-than-expected guidance, and a decrease in delinquency rates, signaling the buy now, pay later fintech company's business model is performing better than expected.
Several leading tech CEOs, including Sundar Pichai, Mark Zuckerberg, and Elon Musk, will be attending an artificial intelligence event hosted by Chuck Schumer to discuss AI regulations and the potential implications on workers, national security, and copyright.
Meta, the parent company of Facebook, has announced that it will remove the dedicated news section from its platform in the U.K., France, and Germany, and instead focus on short-form video content like Reels, as news represents less than 3% of what users see in their feeds.
High-stakes negotiations between the United Auto Workers and Detroit automakers could lead to a strike later this month, putting added pressure on already beaten-down shares of Ford Motor.
Amazon is quietly increasing the minimum amount of spending required for non-Prime customers to be eligible for free shipping from $25 to $35.
China is preparing to launch a $40 billion investment fund to subsidize its semiconductor industry and catch up to the US and other rivals in high-end chip production.
Chinese carmakers are causing concern at Europe's premier car show as they present a potential tidal wave of new electric vehicles that threaten the German automotive industry in their own home market.
The content provides copyright information and contact details for Dow Jones & Company, Inc.
Elon Musk withdrew a $1 billion loan from SpaceX at the same time he acquired Twitter for $44 billion, complicating his financial situation.
New regulations in New York City have forced Airbnb to stop accepting certain reservations, as hosts must now register with the city and be physically present during the rental, limiting the number of guests and effectively barring families from using the platform.
A U.S. judge has rejected Burger King's attempt to dismiss a lawsuit claiming that it deceived customers by making its Whopper sandwich appear larger than it actually is.
California has launched a digital driver's license and ID program, allowing residents to hold a virtual copy of their driving credentials on their smartphones, with the practical usage of digital IDs expected to be most helpful for TSA PreCheck at supported airports.
United Airlines experienced a nationwide halt in departures due to a software glitch caused by a software update, although the issue was resolved within an hour and only a small number of flights were canceled.
LEGO Braille Bricks, designed to help visually impaired children learn Braille, are now available for purchase, allowing families to engage in a playful and inclusive learning experience at home.
Dollar Tree is implementing new measures to combat theft, including locking up merchandise and potentially discontinuing certain products, as inventory losses have negatively impacted the company's profit margins.
A water main break in Times Square flooded the New York City subway system, causing delays for 300,000 commuters on the 1, 2, and 3 lines, with service eventually resuming but with ongoing repairs needed to prevent future disruptions.
Businesses near auto plants in Michigan are planning to support United Auto Workers (UAW) members if they go on strike, which could have a ripple effect on the economy.
Bitcoin and other cryptocurrencies experience a surge in value as Grayscale Investments wins a court decision that increases the likelihood of a spot Bitcoin exchange-traded fund being approved.
A new report reveals that there are 88,200 crypto millionaires and billionaires worldwide, with 40,500 of them holding their investments in bitcoin.
Hostess Brands, the maker of Twinkies, is considering a sale after receiving interest from major snack food companies, including General Mills, Mondelez International, PepsiCo, and Hershey.
Bitcoin surged over 5% to surpass $27,000 after a federal appeals court ruled that the U.S. Securities and Exchange Commission must review its rejection of Grayscale Investments' attempt to convert its Grayscale Bitcoin Trust into an ETF, potentially opening the door for a spot bitcoin ETF in the U.S.
The National Highway Traffic Safety Administration is seeking to recall 52 million airbag inflators produced by ARC Automotive and Delphi Automotive over concerns of potential explosions and shrapnel, following two deaths and several injuries caused by defective inflators.
3M has agreed to pay $6 billion to settle lawsuits from U.S. service members who suffered hearing loss or other injuries after using faulty earplugs, marking one of the largest mass tort settlements in U.S. history.
A Delta Airlines flight from Atlanta to Barcelona was forced to turn around after a passenger had diarrhea, resulting in a delay and inconvenience to the other passengers.
Major car brands, including Volkswagen, BMW, Ford, Toyota, Tesla, and Subaru, fail to meet basic privacy and security standards in their internet-connected models, collecting personal data such as race, weight, and sexual activity, according to a study by Mozilla's *Privacy Not Included project.
SpaceX is collaborating with Cloudflare to enhance the performance of its Starlink satellite internet service by increasing its network of mini data centers globally, which could result in faster network speeds for customers.
Facebook users who had an account between 2007 and 2022 have two days left to file a claim for their share of a $725 million privacy settlement resulting from a lawsuit against the social media giant over the unauthorized use of personal information.
The Federal Aviation Administration has allocated $121 million to airport projects in order to reduce near-collisions between airplanes, with Boston's Logan International Airport receiving the largest amount at $44.9 million to simplify its airfield layout and restore pavement on taxiways.
Starbucks announced that its famous pumpkin spice latte will return to coffee shops nationwide, along with other seasonal items, to celebrate its 20th anniversary, while other chains like 7-Eleven and Krispy Kreme also offer pumpkin spice treats for the upcoming fall season.
Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve suggesting that interest rates will need to remain high to combat inflation.
Rite Aid is reportedly considering filing for Chapter 11 bankruptcy, which would help the company address its $3.3 billion debt and temporarily halt lawsuits related to allegations of oversupplying prescription painkillers during the opioid crisis.
The Florida Department of Agriculture and Consumer Services has warned that human error has resulted in potential fuel contamination at the Port of Tampa, affecting stations in Southwest Florida, with a strong likelihood of diesel fuel contamination for fuel purchased after 10:00 a.m. on Saturday, August 26, at stations supplied by Citgo.
China has reportedly ordered officials at central government agencies to not use Apple's iPhones and other foreign-branded devices for work or bring them into the office, potentially impacting foreign companies operating in China as tensions between the US and China escalate.
Mortgage application volume declined to its lowest level since December 1996, despite a slight decrease in mortgage interest rates, due to high rates compared to a year ago and low housing inventory.
U.S. Steel, which recently rejected buyout offers from Cleveland-Cliffs and Esmark, is reviewing multiple offers as it shares due diligence information with potential buyers, with soaring prices fueling consolidation in the steel industry.
Roku is cutting 10% of its workforce, removing certain content, and implementing other cost-cutting measures in an effort to control expenses and reduce operating expense growth.
Moderna's updated Covid vaccine has shown a strong immune response against the highly mutated omicron variant BA.2.86, suggesting that the vaccine will still be effective against newer variants of the virus.
Dow Jones futures, S&P 500 futures, and Nasdaq futures all fell slightly, while Roku and GitLab were early winners and Meta stock could potentially signal a buy at the open.
British chip designer Arm plans to raise up to $5 billion in its upcoming IPO on Nasdaq, making it the largest IPO in two years, with SoftBank retaining a 90% stake in the company and a total valuation of up to $54.5 billion.