Red Lobster is closing its flagship New York City restaurant later this month. The three-story location at 5 Times Square will welcome its final customers on Sunday, June 14. That date marks the end of a 23-year run that began in 2003. Over two decades, the restaurant became a familiar destination for tourists, theatergoers, and…
Business
Anthropic S-1 Filing Sparks Talk of $1Trillion IPO Wave
Anthropic, PBC submitted a confidential draft Form S-1 to the Securities and Exchange Commission on June 1, formally opening the door to a potential public offering. The filing gives the company the option to list its shares once regulators complete their review. However, no share count, price, or timeline has been disclosed. The offering also…
Wall Street Predicts Stock Market Will Crush Expectations
Wall Street is feeling bold about the stock market. Analysts are forecasting the S&P 500 will return 14.7% over the next 12 months. That figure stands well above the index’s long-term annual average of 9.3% over the last 20 years. The S&P 500 Wall Street forecast 2026 is drawing serious attention from investors. However, a…
Microsoft stock surges as three big catalysts converge
Microsoft posts one of its strongest sessions in recent memory Microsoft closed today at $450.24, up 5.45% on the day after opening at $432.54 and touching a session high of $450.33. The move added $23.25 to the share price and pushed the company’s market cap to $3.34 trillion. It was one of the strongest…
Palantir Technologies surges as analysts eye 35% upside
Palantir Technologies shares jumped 9.15% today, climbing to $156.46 after opening at $147.82. The stock touched a session high of $157.78, pushing its market cap to $375.08 billion. That move adds to a 3% gain posted over the prior four weeks, when shares closed at $143.34. The rally is drawing fresh attention to what…
Robinhood Stock Surges as Two Big Bets Take Shape
Robinhood Markets shares jumped sharply today, trading at $92.54 and gaining more than 9% as investors responded to a pair of product developments that shifted attention away from a rough first quarter. The stock opened at $85.66, hit a session high of $93.13, and drew volume of roughly 8.8 million shares by midmorning. The move…
Broadcom Rallies Hard With Earnings on the Horizon
Broadcom Inc. closed the week at $427.88, gaining $14.02 or 3.39%, and was trading at $441.92 as of Thursday. The stock sits comfortably above its 20-week, 50-week, and 200-week moving averages, a formation that analysts read as confirmation of a sustained uptrend with room to run. The timing matters. The company is scheduled to…
ServiceNow stock rallies as 5 major factors align
stock climbed sharply Thursday as investors piled back into enterprise software names amid renewed excitement surrounding artificial intelligence powered workflows and strong growth expectations. Shares of the cloud software company gained more than 10% during trading on May 29, pushing the stock toward its strongest single day move in months and putting the company back…
Why BP suddenly removed chairman Albert Manifold?
BP has removed Albert Manifold as chairman of the British energy company following a board-level review. The company confirmed the decision after its board identified issues related to governance standards, oversight and conduct. BP did not specify the nature of those issues in its announcement. Manifold had taken over as BP chairman in October. His…
Social Security payment May 27 schedule and who qualifies
The Social Security payment May 27 marks the end of the SSA’s regular monthly distribution for May 2026. The Social Security Administration sends most benefit payments on Wednesdays throughout each month. Moreover, the specific Wednesday a recipient receives their payment depends entirely on their birth date. Furthermore, the May 27 payment is the fourth and…