TGI Fridays and Hostmore, the U.K. franchisee, have recently announced plans to merge in an all-share deal valued at 177 million pounds, or $220 million. If the merger goes through, TGI Fridays will become publicly traded on the London Stock Exchange with the ticker symbol “TGIF.” Despite the merger, the company’s headquarters for its U.S.
President Joe Biden and Vice President Kamala Harris recently released their annual tax returns, shedding light on their financial situations and providing valuable lessons for average Americans. In 2023, President Biden and first lady Jill Biden reported a joint adjusted gross income of $619,976, marking a 7% increase from the previous year. They paid $146,629
The Biden administration recently unveiled a draft text of its proposed student loan forgiveness plan, aiming to alleviate the financial burden on millions of borrowers. The official rules are set to be published in the Federal Register, followed by a 30-day comment period. U.S. Secretary of Education Miguel Cardona expressed the administration’s commitment to revamping
Dr. Martens, the iconic shoemaker, experienced a significant blow as its shares plunged by 30% to hit a record low. The alarming drop came after the company released a trading update that highlighted a bleak outlook for 2025 due to weaker revenues. This unexpected announcement led to the temporary suspension of trading in the company’s
Boeing recently faced allegations from a whistleblower, Sam Salehpour, regarding the quality and safety testing on its 787 Dreamliner and 777 aircraft. Salehpour claimed that Boeing took “shortcuts” to speed up production, leading to potential issues with the planes’ lifespans. However, Boeing quickly denied these allegations, stating that they were “inaccurate” and affirming the safety
As the National College Decision Day approaches, many high school seniors are facing unprecedented challenges in making informed decisions about their college options. This year, delays in financial aid award letters have left students and their families in the dark about their financial commitments, making it difficult to choose the right college based on their
In a recent study by Northwestern Mutual, Americans cited $1.46 million as the amount they believe they will need to retire comfortably. This figure has increased significantly over the past few years, reflecting the rising cost of living in the country. However, experts caution against fixating on this “magic number” when planning for retirement. According
Peloton made a significant decision to remove its unlimited free-membership tier from its fitness app due to the failure of the initiative to convert users into paid subscribers. The move was implemented less than a year after the debut of the free membership option, signifying a shift in the company’s growth strategy. The unlimited free
UnitedHealth Group recently faced a significant cyberattack on its Change Healthcare billing and payments subsidiary, resulting in the largest disruption in U.S. healthcare since the Covid pandemic. The repercussions of this attack have raised concerns about the company’s operations and the broader healthcare industry. The data breach at the Change Healthcare unit forced the firm
British stock trading app Freetrade made a significant milestone earlier this year by achieving breakeven for the first time in its history. This accomplishment comes after the company experienced full-year losses in 2023. According to unaudited financial statements shared with CNBC, Freetrade reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863)