From Yahoo Finance: 2025-04-23 10:49:00

Ray Blanchette, CEO of TGI Fridays, returns after leading the chain through bankruptcy. The once-popular chain struggled due to weak sales, store closures, and a shift to online ordering. Blanchette plans to focus on improved food quality, a new drink promotion, and a return to hand-breaded chicken tenders. The goal is to revitalize the brand and avoid another bankruptcy. 1. The unemployment rate in the US dropped to 3.9% in July, with 943,000 jobs added last month. This beat economists’ expectations and marked a positive turn in the economy.

2. A new study found that 70% of Americans are struggling financially due to the pandemic. Many are unable to cover basic expenses, with 46% reporting a loss of income since March.

3. The FDA approved a new drug for the treatment of Alzheimer’s disease, the first of its kind in nearly 20 years. The drug, Aduhelm, has shown promise in slowing cognitive decline in patients.

4. The Tokyo Olympics will proceed without spectators due to a surge in COVID-19 cases. This decision comes as a disappointment to many fans and athletes, but is necessary to ensure the safety of participants and the public.

5. The housing market continues to soar, with home prices increasing by 14.6% in May compared to last year. Low mortgage rates and high demand are driving the market, making it a challenging time for buyers.



Read more at Yahoo Finance: Heavy alcohol pours and hand-breaded chicken fingers