A leading care association in the west is warning some residential homes may go under due to rising costs such as National Insurance (NI) and the national living wage. David Smallacombe, chief executive of not-for-profit organisation Care and Support West, says many care home operators will be forced to raise prices for vulnerable residents. He is calling on the government to exempt social care providers from the NI hike, as it already has for the public sector and NHS. A spokesperson for the Department of Health and Social Care (DHSC)...

Donald on Sunday took a swipe at businessmen who criticize his signature policy, and observers immediately pounced on the purported irony. Trump over the weekend posted the following statement on Truth Social: "THE BUSINESSMEN WHO CRITICIZE TARIFFS ARE BAD AT BUSINESS, BUT REALLY BAD AT POLITICS." "THEY DON’T UNDERSTAND OR REALIZE THAT I AM THE GREATEST FRIEND THAT AMERICAN CAPITALISM HAS EVER HAD!" Trump then added. On social media, experts and notable political observers were quick on the draw. Gizmodo tech reporter Matt Novak posted a screenshot of Trump's quote...

The owner of 57 Burger King restaurants filed for bankruptcy, blaming high labor costs and inflation for forcing his company to go under, according to court documents. Consolidated Burger Holdings – one of Burger King’s largest franchisees – – owes nearly $37 million to creditors and filed for Chapter 11 bankruptcy protection on Monday. It is seeking to sell its assets through a court-supervised process. “Recent increases in costs of shipping and food, decreased availability of labor and inflation” worsened issues for the franchisee, said Joseph Luzinski, the company’s chief...

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Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection. In an announcement this week, PCH said it was using the bankruptcy process to “finalize a shift away” from its legacy business of direct-mail, retail merchandise and magazine subscriptions. The company is hoping to instead transition to a “pure digital advertising” model, where it will continue to offer free-to-play entertainment and prizes.

Yesterday was a head-spinning day in the markets. After President Donald Trump announced out of the blue that he would be placing a 90-day pause on reciprocal tariffs for many countries—excluding China—stocks rallied. As noted by CNBC, the S&P 500 had its biggest one-day gain since 2008. It surged 9.52% to 5,456. Meanwhile, the Dow rallied 7.87%, and the Nasdaq climbed 12.16%. Yet despite the market recovery, one stock had a particularly bad day. WW International, Inc. (Nasdaq: WW), owner of the WeightWatchers brand of weight management products, saw its...

Bracebridge Capital is among the lenders that will provide a bankruptcy loan to Hooters of America to help fund the chain’s Chapter 11 process, according to people with knowledge of the matter that asked not to be identified because they’re not authorized to discuss the matter publicly. The restaurant chain filed for bankruptcy on Monday, including roughly $300 million asset backed bonds that are tied to Hooters’ franchise. The company will seek court approval to get $40 million of debtor-in-possession financing from certain existing lenders, including $35 million of new...