Business

TGI Fridays CEO Ray Blanchette said that President Joe Biden’s proposal to eliminate the tipped minimum wage would likely result in fewer hours for the chain’s waitstaff and higher menu prices. Biden has proposed raising the federal hourly minimum wage from $7.25 to $15 and eliminating tip credits, a change that would primarily affect the

Belk department store John Greim | LightRocket | Getty Images KKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department store chain to keep it out of bankruptcy, according to a Wall Street Journal report. The company, its lenders and the private-equity firm Sycamore Partners are inching closer toward

“Operation Christmas Gift” Allowed Families in Need to Receive a Little Extra Help This Year LAGUNA NIGUEL, CA, UNITED STATES, December 25, 2020 — The year 2020 has been a struggle for many families and now that we are in the holiday season, Christmas shopping has been incredibly stressful or even non-existent due to the effects

A Boeing 787 Dreamliner operated by United Airlines takes off from Los Angeles International Airport. Getty Images United Airlines on Wednesday posted a fourth-quarter loss and warned sales would continue to suffer in the early part of 2021 as the coronavirus pandemic drags on. Here’s how United performed in the quarter, compared with what Wall

President Joe Biden signs executive orders in the Oval Office of the White House in Washington, after his inauguration as the 46th President of the United States, U.S., January 20, 2021. Tom Brenner | Reuters President Joe Biden signed an executive order to rejoin the U.S. into the Paris climate agreement on Wednesday, his first major

Los Angeles, January 20, 2021 – FanVestor CF, LLC, a subsidiary of EdenLedger Inc. (d/b/a FanVestor), the owner of global fintech fan investment and commerce platform FanVestor.com, has received regulatory approval from FINRA to operate a registered funding portal, the announcement was made today by FanVestor CF CEO Michael Golomb. FanVestor CF will be hosted on FanVestor.com to provide securities crowdfunding for

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings

Chewy CEO Sumit Singh is seen outside the New York Stock Exchange (NYSE) ahead of the Chewy Inc. IPO in New York, June 14, 2019. Andrew Kelly | Reuters Chewy CEO Sumit Singh said Tuesday that calls to its customer service line prompted the online pet supplies retailer to accelerate its plans to launch a

BlueNalu’s whole-muscle, cell-based yellowtail amberjack. Source: BlueNalu First, it was lab-grown chicken. Now, it’s seafood. San Diego-based food startup BlueNalu said Tuesday that it raised $60 million in convertible note financing, as it prepares for a possible market launch later this year. “This recent financing will allow us to continue advancing our mission and the

Jamillah Ali (L) and Nadia Ali, both of Nevada, carry snacks as they head to an auditorium to see the movie “Star Wars: Episode V – The Empire Strikes Back” at AMC Town Square 18 on August 20, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Entertainment | Getty Images In a normal

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters Tesla has reportedly started delivering locally-produced Model Y crossovers in China, marking another milestone for the electric carmaker in the world’s largest vehicle market. Deliveries of the China-produced crossover began Monday,

Employees working on a dry-type transformer production line at an electrical production factory in Haian, in eastern China’s Jiangsu province on Jan. 4, 2021. Stringer | AFP | Getty Images BEIJING — China is set on Monday to release official GDP figures for 2020, a year in which the world struggled to contain the coronavirus

Will Smith and Martin Lawrence star in “Bad Boys For Life.” Sony The studio with the highest box office haul in 2020 was one that delayed most of its film slate to 2021. After combing data from Comscore, Sony emerged as the top earner in a year marred by a global pandemic. The studio represented

Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images When Joe Biden moves into the White House, he may have to leave part of his workout routine behind. The president-elect’s Peloton could be seen by the Secret Service as a

Justin Timberlake speaks during the Pepsi Super Bowl LII Halftime Show press conference February 1, 2018 in Minneapolis, Minnesota. Timothy A. Clary | AFP | Getty Images Coca-Cola and PepsiCo will not be promoting their namesake sodas with Super Bowl commercials this year. The decadeslong rivalry between the two cola brands is often put front

President-elect Joe Biden plans to use FEMA and the National Guard to build coronavirus vaccine clinics across the United States, according to new details of his Covid-19 vaccination plan released by his transition team on Friday. The Biden administration will also “quickly jumpstart” efforts to make the vaccines available at local pharmacies across the U.S.,

Employees store coffins, some marked with “infection risk” as others have “corona” scrawled in chalk, in the mourning hall of the crematorium in Meissen, eastern Germany, on January 13, 2021, amid the new coronavirus COVID-19 pandemic. cremation. Jens Schlueter | AFP | Getty Images The World Health Organization said Friday that coronavirus vaccines aren’t “silver