Credit Cards: South Korean credit card company Lotte Card, controlled by private equity fund MBK, said that the personal data of 2.97 million customers has been leaked as a result of a hacking attack, reported Reuters. Lotte Card was set up in Dec 2002 as a technical and business company licensed by American Express and Lotte Department Store, its Wikipedia page shows.Among the credit card customers who had been affected, some 280,000 had sensitive data leaked that could be abused for card fraud, Lotte Card ...

Core Insights - Microsoft Corporation (NASDAQ: MSFT) is recognized as one of the 15 stocks predicted by ChatGPT to potentially generate significant wealth over the next five years [1] - The European Commission (EC) has accepted Microsoft's proposed commitments to address competition concerns regarding the integration of Teams with its M365 and Office 365 suites [2] Group 1: Commitments and Compliance - The commitments made by Microsoft will be legally binding under EU antitrust rules and aim to address concerns about the bundling of Teams with popular applications like Word, Excel, Outlook, and PowerPoint [2][3] - Microsoft has agreed to provide versions of its suites without Teams at a reduced price and allow customers with long-term licenses to switch to these Teams-free suites [3] - The company will also ensure interoperability between its products and competing communication tools, as well as allow customers to transfer their data out of Teams to other platforms [4]

Core Insights - Darden Restaurants, Inc. reported first-quarter fiscal 2026 results with earnings missing estimates but revenues exceeding expectations, leading to an 8% decline in stock price during pre-market trading [1] Financial Performance - Adjusted earnings per share (EPS) for the fiscal first quarter were $1.97, below the Zacks Consensus Estimate of $2.00, compared to $1.75 in the prior-year quarter [2] - Total sales reached $3,044.7 million, surpassing the consensus mark of $3,040 million, reflecting a 10.4% increase from the previous year, supported by a 4.7% increase in same-restaurant sales [3] Segment Performance - Sales at Olive Garden increased 7.6% year over year to $1.3 billion, matching estimates, with same-restaurant sales up 5.9% [4] - LongHorn Steakhouse saw an 8.8% year-over-year sales increase to $776.4 million, though below the estimate of $811.5 million, with comps rising 5.5% [5] - Fine Dining segment sales rose 2.7% to $286.5 million, slightly above the estimate of $285 million, but comps fell 0.2% [5] - Other Business segment sales surged 22.5% year over year to $680.7 million, exceeding the estimate of $628.5 million, with comps up 3.3% [6] Operating Costs - Total operating costs and expenses increased 8.8% year over year to $2.7 billion, primarily due to higher food and beverage expenses, labor costs, and marketing expenses, missing the projection of $2.72 billion [7] Balance Sheet - As of August 24, 2025, cash and cash equivalents were $211 million, down from $240 million as of May 25, 2025, while inventories decreased slightly to $309.6 million [8] Future Outlook - For fiscal 2026, Darden raised its total sales growth outlook to 7.5% to 8.5%, including approximately 2% growth related to the 53rd week, with same-restaurant sales growth anticipated between 2.5% to 3.5% [11] - The company plans to open approximately 65 net new restaurants and allocate $700-$750 million for capital spending in fiscal 2026 [12]

Gemini co-founder Cameron Winklevoss is gushing over Paul Atkins. On Wednesday, Winklevoss called the new US Securities and Exchange Commission chair’s deregulatory blitz a “seminal” moment for US equities markets. The blitz has been referred to as Project Crypto. “This Commission is taking markets onchain. That’s the TLDR of Project Crypto,” Winklevoss said. “It’s probably one of the most groundbreaking things I’ve read in a very, very long time.” Crypto advocate The praise highlights the dramatic s ...

The U.S. Federal Reserve just did exactly what Wall Street expected in the short term: cut rates by 25 basis points and projected two more cuts by year’s end. At first glance, a rate cut should have fueled a rally – but the Fed’s forward guidance flipped the moodMarkets had been pricing in two or three cuts in 2026 – but the central bank only penciled in one. It also revised 2026 GDP expectations higher, called for steady unemployment levels, and nudged inflation estimates upward.In other words, the Fed is ...

Intel Corp (NASDAQ:INTC) stock is up 26.4% to trade at $31.46 at last glance, following news that sector peer Nvidia (NVDA) will invest $5 billion in the chipmaker to collaborate on the development of PC and data center chips. INTC is on track for its biggest single-day percentage gain on record, while pacing for its third daily gain in four. Now sporting a 55.8% year-over-year lead, the equity earlier hit a fresh 52-week peak of $31.79, bouncing off a floor at $24 that came into place in late August.The op ...

NVIDIA Corporation (NASDAQ:NVDA) is among the 15 Stocks ChatGPT Predicts Could Make You Wealthy in 5 Years. A top government advisor in Beijing has recently called on the country to ditch Nvidia for China’s own technology. Ditch NVIDIA Corporation (NVDA) For Own Tech, Says Top Chinese Adviser While speaking to a forum in Singapore, Professor Wei Shaojun said that Asian countries, including China, should develop their own chips to create AI and reduce reliance on general-purpose GPUs that are used to powe ...

The Waymo-Via Transportation partnership comes a day after Waymo and Lyft announced plans for self-driving taxis in Nashville. ...

Bitcoin dominance has been slipping and could go even lower than it is now—but experts still expect Bitcoin to rise to new highs this year. Bitcoin dominance, or the ratio of BTC market capitalization to the rest of the crypto market, sits at 57.79% on Thursday morning. In the past day, the price of BTC has gained 1% after the Federal Open Markets Committee met expectations that it would lower federal interest rates with a 25 basis point cut. In the immediate aftermath, Bitcoin held steady—but then rose ...

SAP SE (NYSE:SAP) is among the high growth mega cap stocks you can buy and hold for the next 3 years. Goldman Sachs Group Inc. expanded its holdings in SAP SE (NYSE:SAP) by 6.5% through the purchase of 80,164 shares, according to the latest filing with the SEC. The leading global investment bank now owns 1,318,908 shares of the company’s stock, valued at $354,048,000. We already know that SAP SE (NYSE:SAP) is among the largest software global companies, but what’s even more interesting is that the company ...