FAT Brands — the owner of multiple restaurant chains including Johnny Rockets, Fatburger and Twin Peaks — has filed for bankruptcy amid debt of more than $1 billion.

The franchiser filed for Chapter 11 on Monday in the U.S. Bankruptcy Court for the Southern District of Texas, according to Fox Business.

FAT operates 18 restaurant brands ...Read more

Rocket Companies, which acquired Seattle-based Redfin last year, allegedly pressured agents to steer buyers toward its loans — even if the loan terms were unfavorable for their clients, a lawsuit claims.

In the lawsuit filed Monday in the U.S. District Court for the Eastern District of Michigan, three homeowners from Georgia, North Carolina ...Read more

As Amazon culls its workforce, the company is pouring billions of dollars into its artificial intelligence infrastructure, leaving some employees wondering whether the trade-off is worth it.

The company will report financial results for 2025 next week and has previously projected it would spend about $125 billion in capital expenditures for the...Read more

Peet's Coffee plans to shutter some stores, including at least two in Southern California, by the end of January.

A Peet's spokesperson said in an email that the closures were a "difficult decision" and "reflect a broader effort to align our business with long-term growth priorities and current market conditions."

Workers at the Manhattan ...Read more

To say this is the craziest time in the precious metals business is an understatement, said a Las Vegas gold and silver dealer.

“I’m just glad I lived long enough to see this, you know what I mean?” said Steve Gibson, owner of Sahara Gold & Silver Buyers. “I operated at $5 (per troy ounce) for silver for so many years, and now that I’...Read more

At the 2024 Oscars, Ryan Gosling, reprising his role as Ken in Greta Gerwig's 2023 movie "Barbie," donned a bedazzled pink suit and belted the ballad "I'm Just Ken."

"I'm just Ken, anywhere else I'd be a 10," the actor sang. "Is it my destiny to live and die a life of blond fragility?"

Barbie's needy male counterpart, it turns out, is not "...Read more

Costco's famed $4.99 rotisserie chicken is under fire in a proposed class action lawsuit claiming that the big box warehouse falsely advertised that its birds were preservative free.

Two California shoppers say Costco mislead customers nationwide by prominently advertising its rotisserie chicken as containing no preservatives, while discreetly ...Read more

As Los Angeles grapples with a housing shortage, it could learn from San Diego, which has proved better at convincing construction companies to build more.

The city is more welcoming to developers, industry insiders say, with fewer regulations and fees, better planning and less rent control.

"It is easier to build in San Diego over Los Angeles...Read more

Tesla Inc. plans $20 billion of spending this year to streamline its electric-vehicle lineup and shift resources toward robotics and AI, part of a sweeping set of changes pushing the company further from its roots as an automobile manufacturer.

The capital expenditure plans laid out Wednesday – roughly twice as much as Wall Street was ...Read more

Meta Platforms Inc.’s better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.

The social networking giant topped projections for holiday quarter revenue and gave a strong forecast for the current period during its earnings report Wednesday. Improvements ...Read more

Jerome Powell has two more opportunities to adjust interest rates before his term as Federal Reserve chair ends — and he may not need them.

After the Fed kept borrowing costs on hold Wednesday, Powell talked up a “clear improvement” in the US outlook and said the job market shows signs of steadying. It signals a cautious optimism: Fed ...Read more

Federal Reserve officials left interest rates unchanged and pointed to improvements in the U.S. economy as they signaled a more cautious approach to potential future adjustments.

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen ...Read more

No ICE Philly activists demonstrated at Target stores in the city on Tuesday evening, attempting to slow business operations at a company that they say wrongly cooperates with federal immigration enforcement.

Stores in South Philadelphia, Rittenhouse, Fairmount, Port Richmond and on Washington Avenue and City Avenue were among those targeted, ...Read more

A local United Auto Workers union leader said it appears Stellantis NV will delay reopening its Belvidere Assembly Plant in Illinois, but the automaker isn't confirming any change in plans for the 5 million-square-foot facility that closed in 2023.

Matt Frantzen, president of UAW Local 1268, which represents members in Belvidere, said the ...Read more

Lurie Children’s Hospital is in the early stages of planning a new children’s hospital in the Downers Grove area, Lurie announced Wednesday.

The new hospital would be the system’s first hospital with inpatient beds outside of its main facility in downtown Chicago. The plan follows years of closures of pediatric units at community ...Read more

The Illinois Racing Board has suspended the operating license for harness racing at Hawthorne Race Course, citing ongoing financial difficulties.

The board cited Suburban Downs, which operates harness racing at Hawthorne, Monday for “failure to provide documentation demonstrating its financial integrity,” and proof that it can meet the ...Read more

The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious.

The decision means Fed policymakers will keep their benchmark rate in a target range of 3.5-3.75%, pausing a recent string of three rate cuts that began in September 2025. ...Read more

Federal Reserve officials left interest rates unchanged and pointed to improvements in the U.S. economy as they signaled a more cautious approach to potential future adjustments.

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%. Governors Christopher Waller and Stephen ...Read more

The Nevada Gaming Commission on Thursday is expected to decide whether it will consider the unprecedented removal of a living person from the Nevada Gaming Control Board’s List of Excluded Persons.

Commissioners will consider whether a hearing is in order for Francis Citro, 80, a Las Vegas man who was placed on the list, also known as Nevada�...Read more