Bankruptcy

Consumer

Stoli’s US Bankruptcy is Just the Latest Sign of Hard Times for Spirits

Photo by Watts via CC BY 2.0

Stoli Group USA, the maker of the eponymous vodka, had bankruptcy protection to be thankful for during last week’s holiday.

2 min read

Photo by Randolph Rojas via Unsplash

Industries

Spirit Airlines Finally Files for Chapter 11 Bankruptcy

Budget-friendly Spirit Airlines hasn’t reported an annual profit since 2019, and has lost some $2.2 billion since 2020.

1 min read
Photo by Kirk Allen via CC BY 3.0

Consumer

TGI Fridays Files for Chapter 11 Bankruptcy

This weekend, TGI Fridays filed for Chapter 11 bankruptcy, making it the latest in its class to raise the white flag.

1 min read
Photo by SHVETS Production via Pexels

Healthcare

Biotech That Once Promised ‘Next Gen’ COVID Vaccine Files for Bankruptcy

Gritstone Bio announced it is “taking action” to “preserve value and strengthen capital structure” on Thursday.

2 min read

Photo via U.S. Patent and Trademark Office

Patent Drop

Meta To Try Out AI Business Tools as Enterprise Market Heats Up

A patent for AI chip architecture from Meta could make model development more robust as it builds AI tools for businesses.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Why Salesforce Might Be Eying AI Image Generation

The tech could make graphics generation more intuitive as the company continues its push towards AI agents.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

As Cars Get Smarter, Personalization Presents Privacy Problems

Ford may want to authenticate your face when you get behind the wheel.

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.