Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
Ruth’s Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022.
Mortgage demand drops as bank failures hit jumbo loan rates
Mortgage demand dropped last week despite a slight easing in interest rates, while trouble in the banking sector makes jumbo loans more expensive.
Eli Lilly Alzheimer’s treatment donanemab slowed disease progression in clinical trial
Donanemab, a monthly antibody infusion made by pharmaceutical company Eli Lilly, also significantly reduced brain plaque associated with Alzheimer’s disease.
Here’s what to expect from today’s Federal Reserve announcement
Where the intrigue comes in is how the central bank proceeds from here.
FBI says former agent arrested over Jan. 6 called officers Nazis and encouraged mob to ‘kill ’em’
Jared L. Wise, who worked at the FBI for 13 years ending in 2017, was arrested Monday in Oregon.
Starbucks earnings beat as China reverses same-store sales declines
Starbucks said its same-store sales climbed 11% in its fiscal second quarter.
Gilead Sciences battles U.S. government in court over HIV prevention patent
The U.S. claims Gilead’s drugs Truvada and Descovy infringe on CDC patents.
Lawmakers update Kids Online Safety Act to address potential harms, but fail to appease some activists, industry groups
As Congress and President Joe Biden have made clear kids online protections are a key priority, KOSA has become one of the leading bills on the subject.
New York and California lost over $90 billion in income to low-tax states during Covid
The losses accelerated the trend of high-earners relocating to lower-tax states like Florida and Texas.
Buy these cheap, defensive stocks as long as recession fears keep mounting, UBS says
UBS tells investors to stick to dependable defensives, given recent softness in economic numbers.
