Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the second quarter, suspending a nationwide rollout. As of March 30, more than 2,400 of the burger ...
WASHINGTON – It is the kind of turnaround any ballplayer dreads, a most extreme version of the day game after a night game, and the Cleveland Guardians’ clubhouse reflected that harsh reality Wednesday morning. The Guardians played 18 innings the day before, finishing off a doubleheader around 9:30 Tuesday night, only to be greeted by a noon start to finish ...
Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company specializing in the discovery of critical minerals, is pleased to announce the addition of 97 new claims covering 2,425 hectares, increasing the total area of the Radar Ti-V-Fe Project to 24,175 hectares. The Company’s 100%-owned Radar Property is strategically located just 10 ...
The Office of the Comptroller of the Currency (OCC) has officially confirmed that US banks and federal savings associations are allowed to provide crypto custody and execution services. Published on May 7, Interpretive Letter 1184 expands on earlier guidance and brings more clarity to how banks can legally engage in crypto banking operations. This update also gives banks permission to ...
Britain’s unseasonably warm and sunny start to spring is casting a mixed shadow over corporate earnings, helping retailers and hospitality firms while weighing on energy suppliers. As households switched off their central heating earlier than usual, Centrica – the country’s second-largest domestic energy supplier – warned investors on Thursday that its residential energy profits will be impacted. Meanwhile, UK retailer ...
Binance has published its latest proof-of-reserves data, confirming that the exchange continues to hold more digital assets than its customers across a majority of supported tokens. The report, released on 8 May, covers 37 crypto assets and highlights that Binance currently controls 616,886.378 Bitcoin (BTC), compared to customer net assets of 604,886.378 BTC. This represents a 102.06% backing ratio, or ...
A bill aimed at cracking down on the Chinese Communist Party (CCP) and its practice of forced organ harvesting passed with overwhelming support on Wednesday – though one House lawmaker voted against it. Rep. Thomas Massie, R-Ky., was the lone Republican to oppose the Stop Forced Organ Harvesting Act, which passed 406-1. ‘It’s just another example of us trying to ...
National Basketball Association superstar Russell Westbrook is taking a shot off the court at simplifying funeral planning with artificial intelligence. The famed Denver Nuggets point guard on Wednesday announced the launch of Eazewell, a startup that uses AI technology to streamline the process for coordinating funerals. Westbrook founded the venture with former Charlotte Hornets star Kemba Walker and childhood friend Donnell ...
Jacob Slavin’s goal 3:06 into overtime gave the Carolina Hurricanes a 2-1 victory Tuesday over the host Washington Capitals in Game 1 of their Stanley Cup Playoff second-round matchup. The defenseman’s first overtime playoff goal came on the Hurricanes’ 94th shot attempt of the game (their 33rd on net). Logan Stankoven scored his third goal of the postseason and Jesperi ...
Copper prices are being pushed skyward as China’s stockpiles sit on the verge of depletion and as US demand for the red metal surges, fueled by looming trade restrictions under the Trump administration. According to Mercuria, the market is undergoing “one of the greatest tightening shocks” in its history. “At the current pace of draws, those Chinese inventories could deplete ...
Shiba Inu (SHIB) price is trading higher today, May 7, as the crypto market reacts to the bullish news around the possibility of the US and China reaching a trade deal. This meme coin may be on the verge of even more gains as speculation grows that institutions may turn towards SHIB. In this article, we look at how high ...
Tariff announcements are causing ripples throughout global oil markets, leading to increased focus on potential reciprocal actions and their fundamental effects across the entire oil-to-olefins value chain. Alkenes, or olefins, are hydrocarbons characterized by the presence of one or more carbon-carbon double bonds. These compounds serve as essential precursors in the manufacturing of a wide range of products, such as ...