Red Lobster files for bankruptcy

View in Browser May 20, 2024 Dow 39,806.77 0.49% S&P 500 5,308.13 0.09% NASDAQ 16,794.87 0.65% Last updated May 20 at 5:15 PM ET     Red Lobster files for bankruptcy Red Lobster, which brought affordable shrimp and lobster to middle-class America and grew to become the largest seafood restaurant chain in the world, has filed for bankruptcy.    Read full article   Analysis: Why Jay Powell really wants to lower interest rates this September Markets rallied to new record highs last week after inflation cooled, stoking hopes that the Federal Reserve could start cutting interest rates as soon as September.    Read full article   Ivan Boesky, famed trader in 1980s insider trading scandal, dies at 87 Ivan Boesky, the infamous insider trader whose name became synonymous with financial greed and helped inspire the fictional character Gordon Gekko in the 1987 film "Wall Street," has died. He was 87.    Read full article   Target is cutting prices on up to 5,000 items to lure back inflation-wary shoppers Target has slashed prices on more than 1,500 popular items beginning immediately, ranging from butter to laundry detergent, as the retailer attempts to attract inflation-wary shoppers turned off by high prices.    Read full article   How Red Lobster's misguided endless shrimp promotion drove it into bankruptcy Last summer, Red Lobster made $20 endless shrimp a permanent menu item.    Read full article   China launches its own anti-dumping probe following Biden's monster tariffs China has hinted at possible tit-for-tat action against trade barriers imposed by the United States last week, as relations between the two economic superpowers become increasingly fraught.    Read full article   Today's movers GTBP 7.80 150.00% GT Biopharma Inc ZENV 3.85 67.39% Zenvia, Inc. Class A BKKT 16.65 45.29% Bakkt Holdings, Inc. Class A MTC 1.05 85.02% MMTec, Inc. IPW 2.05 29.07% IPOWER, Inc. KAVL 2.41 22.76% Kaival Brands Innovations Group Inc Last updated May 20 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com   You are receiving this newsletter because you signed up for Markets Now. To stop receiving this newsletter, unsubscribe or sign up to manage your CNN account   Learn more about the CNN app |  Get CNN web alerts  |  Sign up for a free CNN account   ® © 2024 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved. 1050 Techwood Drive NW, Atlanta, GA 30318