Ace Frehley was a roadie for Jimi Hendrix when he was 18 years old. A half century later, he’d sell the Kiss catalog and brand for $300 million

Air traffic controllers are becoming Uber drivers and restaurant servers on top of six-day airport shifts to make ends meet during government shutdown

NegativeFinancial Markets

Air traffic controllers are facing a tough situation as they continue to work during the government shutdown without pay. Many are taking on additional jobs as Uber drivers and restaurant servers to make ends meet. This highlights the challenges essential workers face when their livelihoods are threatened by political decisions, raising concerns about the impact on safety and morale in the aviation industry.

Former Sears boss says CEOs won’t challenge Trump’s tariffs out of ‘cowardice’—but the holidays are fast approaching, and ‘the party is over’

NegativeFinancial Markets

Mark Cohen, the former CEO of Sears, has expressed concerns about the upcoming holiday season, predicting that many retailers will face empty shelves due to the impact of tariffs imposed by the Trump administration. He criticizes current CEOs for their reluctance to challenge these tariffs, labeling it as 'cowardice.' This situation is significant as it highlights the potential struggles retailers may face during a crucial shopping period, which could affect both sales and consumer satisfaction.

Florida’s housing market was skewed wildly by the pandemic. It’s finally coming to grips with a ‘realistic middle ground’

NeutralFinancial Markets

Florida's housing market, which was significantly affected by the pandemic, is now finding a more realistic balance. As the market adjusts, potential sellers may want to reconsider their timing, as current conditions may not favor selling. This shift is important as it reflects broader economic trends and could impact future housing decisions for residents.

Finance Monthly9 hours ago

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Hooters Founders To The Rescue: A $40 Million Bet to Revive an Iconic Brand

PositiveFinancial Markets

The founders of Hooters are making a bold move to revive the iconic brand with a $40 million investment. This initiative is significant as it not only aims to restore the beloved restaurant chain but also reflects a growing trend of nostalgia-driven business revivals. By focusing on the original charm and appeal of Hooters, the founders hope to attract both loyal customers and a new generation, making this a noteworthy development in the restaurant industry.

Financial Timesan hour ago

via Finance Monthly

Latest from Financial Markets

Amazon says cloud services recovering from widespread outage

PositiveFinancial Markets

Amazon has announced that its cloud services are recovering from a recent widespread outage that impacted several major companies, including Starbucks and Lyft. This recovery is significant as it highlights the resilience of Amazon Web Services (AWS) and its importance in supporting various businesses. As AWS stabilizes, affected companies can resume their operations, ensuring minimal disruption to their services and customer experiences.

via Financial Times

Air traffic controllers are becoming Uber drivers and restaurant servers on top of six-day airport shifts to make ends meet during government shutdown

NegativeFinancial Markets

Gold Is Exploding Higher Again

Bloombergan hour ago

PositiveFinancial Markets

Gold prices are surging again, capturing the attention of investors and market analysts alike. This rise is significant as it reflects broader trends in the economy and can influence various financial sectors. Understanding these movements is crucial for anyone involved in finance, as they can signal shifts in market sentiment and investment strategies.

Amazon battles to fix Web Services outage after millions of users report disruption to websites and apps – business live

via Bloomberg

The Guardianan hour ago

NegativeFinancial Markets

Amazon is currently facing significant challenges as its Web Services experience a major outage, impacting millions of users and disrupting popular platforms like Fortnite, Roblox, and Snapchat. This situation is critical as it not only affects individual users but also businesses relying on these services for their operations. The outage highlights the vulnerabilities in cloud services and raises concerns about reliability, which could influence future investments and trust in such technologies.

Australia and US sign multi-billion dollar investment and defense deal

via The Guardian

Investing.coman hour ago

PositiveFinancial Markets

Australia and the United States have signed a significant multi-billion dollar investment and defense deal, marking a pivotal moment in their bilateral relations. This agreement not only strengthens military cooperation but also enhances economic ties, showcasing both nations' commitment to regional security and stability. The deal is expected to create jobs and boost technological advancements, making it a win-win for both countries.

Amazon is selling a $200 smartwatch for just $30

via Investing.com

TheStreetan hour ago

PositiveFinancial Markets

Amazon is offering a fantastic deal on a stylish and comfortable smartwatch, originally priced at $200, now available for just $30. This significant discount makes it an attractive option for tech enthusiasts and casual users alike, showcasing Amazon's commitment to providing affordable technology.