The sports bar company Twin Peaks, which is the first restaurant IPO of the year and could serve as a litmus test for others wishing to go public, begins trading on the Nasdaq on Thursday under the symbol TWNP. For a number of years, the IPO market has been slow, especially for consumer companies. Many businesses were deterred from going public by rising interest rates, rising inflation, wary consumers, and the possibility of decreased valuations. Due to market conditions, several businesses decided not to try their luck on the public markets but instead to look for a sale. Even exceptional successes like the Cava sIPO failed to persuade others to follow in its footsteps. However, many people are hoping that this year would see a thaw in the IPO market. According to Nick Einhorn, vice pres...

Many investors should find comfort in the following backdrop: a robust bull market, pro-business policies pledged by the Trump administration, and a Federal Reserve on the verge of executing a soft landing. The greatest personalities on Wall Street, though, don't seem too optimistic about the coming year. This week, hedge-fund tycoons and industry experts gathered in Miami for an alternative investments conference, and they all expressed caution about high market prices and the possible drawbacks of President Donald Trump's protectionist policies. Steve Cohen of Point72 stated that he thinks a crackdown on immigration and tariffs will increase inflationary pressures and reduce consumer spending. As a result, the owner of the Mets and head of the family office anticipates a rough market ove...

According to the National Association of Realtors, signed contracts on existing properties plummeted 5% from the previous year and a steep 5.5% from the previous month in December. The index was at its lowest point since August, and the decline came after four months of advances. These so-called pending sales are the most recent sign of market activity and a predictor of future closings. The sharp increase in mortgage interest rates that December shoppers had to deal with might have reduced demand. The 30-year fixed mortgage's average rate increased from 6.68% on December 6 to 7.14% on December 19. The 7% threshold seems to be an emotional barrier for buyers, notwithstanding realtors' claims that buyers were adjusting to the new normal of higher interest rates. The U.S. Census reports that...

United Parcel Service's stock fell more than 15% on Thursday after the firm said that it would reduce deliveries to Amazon, its biggest client, by more than half and provided poor revenue outlook for the year. In its fourth-quarter financial report, the shipping behemoth stated that it and its biggest client had struck a preliminary agreement to reduce tonnage by more than 50% by the second half of 2026. UPS also said that it is reorganizing its U.S. network and initiating multi-year efficiency projects, which it estimates would save around $1 billion. During a call with investors, UPS CEO Carol Tome stated that although Amazon is the company's biggest client, it is not its most lucrative one. She went on to say that its margin is highly dilutive to domestic business in the United States....

WASHINGTON — On Wednesday night, a commercial airplane crashed with a military helicopter in midair close to Reagan Washington National Airport, killing sixty-four individuals on board. The Army Black Hawk and the American Eagle airplane are both in the Potomac River. There were three people aboard the Black Hawk. The crash happened just before 9:00 p.m. ET. Go here to watch live broadcast. Speaking to reporters in the White House briefing room Thursday morning, President Donald Trump described the fatal incident as a tragedy of horrific proportions and stated that no one survived. We mourn for every beautiful soul that has been taken from us so abruptly, Trump said, adding that it was a dark and agonizing night in our nation's capital and in our history. It was a tragedy of horrible dimen...

At her confirmation hearing on Thursday, Tulsi Gabbard, President Donald Trump's nominee for director of national intelligence, was subjected to challenging questions from a number of Republican senators regarding her prior support for intelligence leaker Edward Snowden and her evolving opinions on an electronic surveillance program backed by senators whose votes she needs. Despite having previously portrayed Snowden as a zealous whistleblower, Gabbard took a more critical stance toward him in an attempt to comfort the GOP lawmakers while defending her prior progressive stances. However, she refused to respond when asked if she thought he was a traitor. To Sen. James Lankford, R-Okla., Gabbard responded, "I'm focused on the future and how we can prevent something like this from happening a...

Washington Concerns have been raised by a number of Congressmen regarding the air congestion in the vicinity of Wednesday night's collision between a military helicopter and a commercial passenger flight over the Potomac River. Lawmakers stated they trusted the National Transportation Safety Board to conduct a thorough, protracted inquiry and did not assign responsibility for the disaster. However, they claimed the fatal collision heightened concerns about traffic in a busy transit corridor where passenger jets entering and leaving Ronald Reagan Washington National Airport (DCA) share airspace with military and other helicopters. This has caused me a great deal of worry for a long time and still does. I am confident that the National Transportation Safety Board will conduct an investigat...

After a Wednesday night airborne collision above Washington, D.C., left 67 people dead, investigators are looking for answers. A tiny passenger plane on its last approach to Reagan Washington National Airport, just south of the city, collided with an Army helicopter at approximately 8:48 p.m. For live coverage, follow along. What we currently know about the crash is depicted in the visuals below. When new information becomes available, they will be updated. A U.S. Army Black Hawk helicopter with three personnel on board and American Eagle Flight 5342, a small aircraft with 60 passengers and four crew members, collided. Defense Secretary Pete Hegseth stated on Thursday that the helicopter was conducting an annual competency training flight when it crashed. The plane's height dropped from 4,...

Their plane struck an Army helicopter over the Potomac River only minutes before they were scheduled to land at Ronald Reagan National Airport, which is close to Washington, D.C. The deaths of the three troops on the Black Hawk chopper and all 60 passengers and four crew members on American Eagle Flight 5342 were sealed in a horrific moment that was caught on camera and broadcast around the globe. I don't think we will locate any survivors at this time. Following a desperate but fruitless search for survivors of the Wednesday night collision, Fire Chief John Donnelly declared Thursday that Washington, D.C. Stay tuned for real-time updates. The passengers on the fateful plane included over a dozen individuals returning from a training camp after the trip originated in Wichita, Kansas, the ...

Months after former Toronto Raptors center Jontay Portergota was given a lifetime ban due to a gambling scandal, the NBA announced Thursday that Miami Heat point guard Terry Rozier is being investigated in relation to a sports betting scam. In March 2023, the league received a warning about questionable wagering related to Rozier. NBA spokesperson Mike Bass verified in a statement that Rozier, who was a member of the Charlotte Hornets at the time, was playing for the New Orleans Pelicans. "The league conducted an investigation and did not find a violation of NBA rules," Bass stated. "We have been assisting with the U.S. Attorney's Office for the Eastern District of New York's investigation into this matter, which we are now aware of. NBC News received no response from the U.S. Attorney's O...