Bankruptcy Amid Slumping

Reeves wraps up ‘grim’ spending talks amid council bankruptcy fears

Local government expected to suffer further squeeze in chancellor’s first Budget

Business - Financial Times - October 23

TGI Fridays Files for Bankruptcy Protection Amid Financial Troubles

Dallas-based TGI Fridays filed for Chapter 11.

Business - Inc. - 6 days ago

Trump's wealth slumps by $1.9 billion amid DJT stock plunge

Trump Media & Technology Group's stock, which trades under DJT, is plunging just days before the November 5 election.

Apple sells $46 billion worth of iPhones over the summer as AI helps end slump

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Tech - ABC News - October 31

TGI Fridays Nears Bankruptcy Filing

The casual-dining stalwart has dealt with slowing sales. A deal to purchase the company fell through earlier this year.

Business - The Wall Street Journal - October 31

Florida medical device maker Exactech declares bankruptcy

Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants.

How will filing for bankruptcy impact my credit score?

Bankruptcy can help you wipe the financial slate clean — but it can also do some serious damage to your credit.

Judge Clears Path for Tupperware Brands to Exit Bankruptcy

The decision allows for the sale of Tupperware Brands to a group of lenders.

Business - Inc. - October 31

TGI Fridays Files for Chapter 11 Bankruptcy

The company filed for Chapter 11 bankruptcy protection on Saturday but said its restaurants would remain open while it works on a “restructuring process.”

Business - The New York Times - November 2

Struggling With Debt? Bankruptcy Can Provide a Second Chance.

Many people who should consider filing for bankruptcy avoid doing so out of shame or fear it could ruin their credit. But it can provide much-needed relief.

Business - The New York Times - 15 hours ago

True Value declares bankruptcy, lines up sale to rival hardware chain

True Value, a national hardware brand founded in 1948, said it has a deal to be acquired by rival Do it Best.

Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt

Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...

Sports - Yahoo Sports - October 18

Empty Tables and Rising Costs Push More Restaurants Into Bankruptcy

Red Lobster, Roti and other chains are closing locations as chapter 11 filings grow.

Business - The Wall Street Journal - October 21

TGI Fridays files for bankruptcy, as sit-down chain restaurants face challenges

TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.

Judge scolds Giuliani for not turning over assets, including car he's driving

Giuliani got a tongue lashing Thursday in federal court after missing a deadline to turn over valuables to two election workers he defamed. He owes the women $148 million in damages.

LVMH stock falls on slumping luxury sales in China

LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales

Business - MarketWatch - October 16

Stellantis Car Deliveries Slump on U.S. Woes

Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.

Business - The Wall Street Journal - October 16

Stellantis workers march in Italy over production slump

World - Yahoo News - October 18

European Union’s car market slumps further in September

New car registrations dropped by 6.1% in September driven by lower sales in Europe’s top three markets, France, Italy and Germany

Business - MarketWatch - October 22

Starbucks Suspends Guidance as Sales Slump Persists

The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in premarket trading.

Business - The Wall Street Journal - October 23

Durable-goods orders retreat due to Boeing. Manufacturing slump goes on.

Orders at U.S. factories fell almost 1% in September — mostly due to fewer aircraft bookings — and showed little sign of a rebound in a slump-ridden manufacturing industry.

Business - MarketWatch - October 25

Volkswagen profit plunges 64% as China sales slide

Europe’s largest carmaker highlights ‘urgent need’ for cost reductions and efficiency gains

Business - Financial Times - October 30

Market responds negatively to latest China stimulus moves

Futures on Hong Kong-listed stocks slumped on Friday after the country unveiled its stimulus program.

Business - MarketWatch - Yesterday

Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction

The assets of Alex Jones' Infowars are set to be auctioned off next week, and both supporters and detractors of the conspiracy theorist are expressing interest in bidding

Tech - ABC News - Yesterday

Oil prices lose 2% after China offers little detail on stimulus plans

Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...

Business - MarketWatch - October 14

Aaron Judge’s Playoff Slump Is Over. Now He Needs to Carry the Yankees.

Judge’s home run in Game 2 let the Yankees exhale, for so many reasons.

Sports - The New York Times - October 16

ASML says chip-market slump will mainly impact sales to China

A day after a profit warning that rocked the stock market, executives at ASML Holding said the slower-than-expected recovery in the microchip market will have the sharpest impact on sales to China ...

Business - MarketWatch - October 16

Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges

Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...

Business - MarketWatch - October 17

Schlumberger’s stock slumps as falling oil prices turn customers cautious

Schlumberger’s stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.

Business - MarketWatch - October 18

Starbucks boss shakes up menu to win back customers

The coffee shop chain has also promised to look at pricing and staffing to prevent bottlenecks

Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - October 23

Mercedes-Benz Earnings Slump on Tough Economic Backdrop, Fierce Competition

The luxury-car maker’s net profit halved in the third quarter and it said profitability in its main cars business was weaker due to softer pricing and lower sales of its higher-margin models.

Business - The Wall Street Journal - October 25

Estée Lauder shares plunge as China sales slump prompts dividend cut

Beauty group’s stock drops 25% after guidance withdrawn for rest of year

Business - Financial Times - October 31

Three Potential Trade Targets For Slumping Avalanche Team In Need Of Depth

The Colorado Avalanche are a Jekyll-and-Hyde team — and Adam Proteau has a handful of trade options for Avs brass to consider as they try and correct the team's course.

Sports - Yahoo Sports - 6 days ago

Russia’s Crude Shipments Slump on Lower Arctic, Black Sea Flows

World - Yahoo News - 4 days ago

Tesla and US bank stocks jump in post-election trades as renewables slump

Companies whose fortunes are closely tied to US economy should benefit, say analysts

World - Financial Times - 3 days ago

Brazilian real slump pressures Lula to take action on spending

Leftwing administration promises fiscal containment measures in effort to calm financial markets