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Red Lobster’s 36-year-old CEO led the company after bankruptcy. Now he’s plotting the ‘greatest comeback in the history of the restaurant industry’

2 January 2026 No Comments

Red Lobster entered bankruptcy in 2024, but quickly clawed its way out in just about three months. The once-struggling 57-year-old seafood chain had endured an $11 million endless-shrimp fiasco among…

Asking employees to come back to the office like the old days is the same as trying to ‘jam the toothpaste back in the tube,’ workforce expert says

2 January 2026 No Comments

Return-to-office mandates continue to feel like high-level math equations that even the business world’s brightest can’t solve. Amazon, JPMorgan, and AT&T are among the most recent companies to require a…

Man says Goldman Sachs put him through a gauntlet of 39 one-on-one interviews—and the decisive conversation was less than a minute

2 January 2026 No Comments

Sharran Srivatsaa, president of Acquisition.com and a former Goldman Sachs wealth manager, this fall shared a story on TikTok about how he managed to get hired at Goldman Sachs—a process…

U.S. stocks had a terrible year (relatively speaking)—you could have bet on Greece in 2025 and come out ahead

2 January 2026 No Comments

The S&P 500 rose 16.5% in 2025, and investors in U.S. equities are pretty happy about that. Futures are up 0.62% this morning as the index makes another attempt on…

AI chip designer Biren’s shares surge 76% on debut in Hong Kong

2 January 2026 No Comments

Shares of Shanghai Biren Technology Co. jumped almost 76% in their trading debut on Friday, marking the best first-day performance since early 2021 among Hong Kong listings that raised at…

BYD posts slowest annual sales growth in 5 years, but China’s EV giant is still set to outsell Tesla for the first time

2 January 2026 No Comments

BYD’s sales growth fell to 7.7% in 2025 as growing domestic competition in China’s saturated car market sapped momentum at the EV giant. It’s the slowest pace of growth for…

Behind glam luxury brands Michael Kors and Jimmy Choo lurks a troubled holding company losing millions

2 January 2026 No Comments

In September 2018, the CEO of what was then Michael Kors Holdings delivered thrilling news to investors. The company had agreed to acquire the storied Italian fashion house Versace from…

Behind glam luxury brands Michael Kors and Jimmy Choo lurks a troubled holding company losing millions

2 January 2026 No Comments

Capri CEO John Idol’s fashion powerhouse of Michael Kors, Versace and Jimmy Choo was supposed to rival LVMH. Seven years in, the company lost $1 billion in 2025 and revenues…

Quran used to swear in New York City’s mayor for the first time in history as Zohran Mamdani takes office

2 January 2026 No Comments

Incoming Mayor Zohran Mamdani took his midnight oath of office on a centuries-old Quran, marking the first time a mayor of New York City uses Islam’s holy text to be…

Mamdani vows to ‘govern as a democratic socialist’ for every construction worker, halal cart vendor and spice-wielding cook in New York City

2 January 2026 No Comments

Zohran Mamdani became mayor of New York City on Thursday, taking over one of the most unrelenting jobs in American politics with a promise to transform government on behalf of…

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