Author: Press Room

Sweetgreen said Thursday it has renamed its newest menu item as part of a tentative agreement with Chipotle Mexican Grill to resolve a lawsuit brought by the burrito chain.Chipotle filed the lawsuit, which claims that the salad chain’s “Chipotle Chicken Burrito Bowl” infringed on its trademark, in California federal court Tuesday, just days after the salad chain introduced the item.A Sweetgreen representative said in a statement to CNBC on Thursday that the company decided to rename the bowl as the “Chicken + Chipotle Pepper Bowl” to focus on its business and serve customers without distraction.”We are looking forward to putting…

Samsung Electronics said on Friday it would make a “meaningful” cut to chip production after flagging a worse-than-expected 96% plunge in quarterly operating profit, as a sharp downturn in the global semiconductor market worsens. Shares in the world’s largest memory chip and TV maker rose 3% in early trading, while rival SK Hynix shares surged 5% as investors welcomed plans to cut production to help preserve pricing power. Samsung (SSNLF) estimated its operating profit fell to 600 billion won ($455.5 million) in January-March, from 14.12 trillion won a year earlier, in a short preliminary earnings statement. It was the lowest…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Sunshine pool to provide fair opportunities for more participants to get allocationsVictoria, Seychelles 7 Apr 2023 – Bitget, the leading crypto derivatives exchange and copy trading platform, has announced a new round of launchpad listing featuring GoSleep (ZZZ), the leading Web3 sleep and healthy living reward app on Arbitrum. The launchpad tickets for ZZZ token will be allocated on Apr 17, with the deposit period starting on Apr 10. In this round of launchpad, Bitget has also introduced the sunshine pool, which is specially designed to provide…

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The Internal Revenue Service on Thursday unveiled its long-awaited spending plan for a controversial $80 billion cash infusion, pledging to hire thousands of new workers to audit wealthy Americans and big corporations.  The roadmap provides new details about how the tax-collecting agency will use the money over the next decade, including plans to modernize technology, improve customer service, deliver real-time alerts, provide “world-class” customer service and crack down on the so-called tax gap by enhancing enforcement of the wealthy.The Treasury Department previously said the funding boost would allow the IRS to hire about 87,000 workers over the next 10 years,…

The number of Americans who tapped their 401(k) savings to cover financial emergencies increased in 2022, according to a recent report. Nearly 3% of workers made hardship withdrawals from their defined contribution plan in 2022, an increase from the 2.1% in 2021, Vanguard’s How America Saves 2023 report said. Plan loans, which allow participants to borrow from their retirement savings account, also increased by 9% in 2022 compared to 2021 but remained below pre-pandemic levels, the report said. People with 401(k) plans can access their defined contribution plan assets before retirement by borrowing from their account balance or through a hardship or in-service…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between March 13 and…

Consumers using buy now, pay later (BNPL) are likelier to use other credit products and high-interest financial services than non-users of BNPL, a recent report by the Consumer Financial Protection Bureau (CFPB) said. For example, 62% of BNPL borrowers said they used retail credit cards compared to 44% of non-BNPL consumers. Additionally, 32% of BNPL users relied on personal loans compared to 13% of non-BNPL consumers. Thirty-three percent of BNPL borrowers said they had student loans compared to 17% of non-BNPL consumers. BNPL users were more likely to suffer financial distress than non-borrowers and were more likely to use high-interest financial products like…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Student loan debt has become a staple for many households in the U.S., and borrowers owe an average loan balance of $39,487. If you’re feeling overwhelmed by your loans, we’ll cover some of the grants available to help pay off student loan debt and get your finances back on track. What…