Usually, when a company files for bankruptcy, that filing follows obvious public struggles.
When it's a retailer, regular customers notice fewer staff members working and inventory gaps. A restaurant might have similar staffing issues while subbing out higher-quality ingredients for cheaper ones.
Employees and customers don't always see the warning signs, however.
Workers say that was the case for SouthPrint, which filed Chapter 7 bankruptcy and abruptly shut down earlier this year.
"A long-standing fixture of the Henry County business community has come to a sudden and staggering end. SouthPrint, Inc., located on Holly Drive, abruptly shuttered its operations on a recent Friday afternoon, leaving dozens of employees in a state of shock and disbelief," Star News TV shared.

#southprint #customers #chapter #county

Fred Alger Management, an investment management company, released its "Alger Small Cap Focus Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a strong recovery in Q2 2026, with the S&P 500 Index gaining 15.2%, marking its best quarter since 2020. A ceasefire between the United States and Iran and accelerated investment in artificial intelligence (AI) fueled market optimism in the quarter, driving the Information Technology and Industrials sectors forward while Energy and Utilities lagged due to falling oil and gas prices. In June, the Federal Reserve maintained steady interest rates, but the meeting had a hawkish tone. As AI transitions into its agentic phase, opportunities are identified within sectors adopting the technology. The Alger Small Cap Focus Fund's Class A shares outperformed the Russell 2000 Growth Index in the quarter, driven by strong performances in the Industrials and Health Care sectors, while Financials and Consumer Discretionary detracted from the performance. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Alger Small Cap Focus Fund highlighted Credo Technology Group Holding Ltd (NASDAQ:CRDO) as a notable performance contributor. Credo Technology Group Holding Ltd (NASDAQ:CRDO) is a US-based semiconductor company that provides high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. On July 20, 2026, Credo Technology Group Holding Ltd (NASDAQ:CRDO) closed at $212.07 per share. One-month return of Credo Technology Group Holding Ltd (NASDAQ:CRDO) was -20.23%, and its shares gained 133.50% over the past 52 weeks. Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a market capitalization of $39.55 billion.
Alger Small Cap Focus Fund stated the following regarding Credo Technology Group Holding Ltd (NASDAQ:CRDO) in its Q2 2026 investor update:
"Credo Technology Group Holding Ltd (NASDAQ:CRDO) provides high-speed connectivity solutions used to move data across AI data centers and hyperscale networks, including active electrical cables, optical digital signal processors, and PCIe retimers. As AI systems become larger and more complex, the need to move data quickly and efficiently between servers, GPUs, and networking equipment has become increasingly important. We believe Credo benefits from this growing connectivity challenge, with an expanding product portfolio that gives the company multiple opportunities to support next-generation data center architectures. During the quarter, shares contributed positively to performance as investors responded favorably to the company's rapid revenue growth and rising demand from hyperscale customers. Investor sentiment was further supported by the view that Credo's expanding product portfolio and recent silicon photonics capabilities could help the company remain well aligned with the evolving connectivity needs of AI da

CLOZ charges 0.50% to pick BBB-B CLO tranches, delivering 7% yield and 10% annualized returns versus JAAA's 5% at just 0.20%.
Active management fees earn their keep in BBB-B CLO tranches where manager and vintage selection drive returns, but add little value in AAA paper.
Don't wait: the ******* yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Collateralized loan obligation ETFs have become one of the fastest-growing corners of fixed income by offering floating-rate coupons, historically low default rates, and yields that outpace investment-grade corporates. The trade-off is that CLO tranches are not standardized bonds, and the manager picking them matters. That is why the Eldridge BBB-B CLO ETF (NYSEARCA:CLOZ) charges 0.50% while the Janus Henderson AAA CLO ETF (NYSEARCA:JAAA) charges 0.20%, and the question is whether the extra fee buys something you cannot get elsewhere at a lower cost.
The four other funds worth measuring against CLOZ are JAAA, the Janus Henderson B-BBB CLO ETF (NYSEARCA:JBBB), the iShares AAA CLO Active ETF (NYSEARCA:CLOA), and the Eldridge AAA CLO ETF (NYSEARCA:CLOX). Each sits at a different point on the rating ladder and answers the active-versus-passive question differently.

#charges

Andy Burnham will become the United Kingdom's seventh prime minister in a decade on Monday, and must face the consequences of a bond market fiasco from three administrations ago.
A report from the International Monetary Fund this week highlighted the baggage that still hangs over the world's fifth largest economy: a 2022 budget with unfunded spending hikes and tax cuts that sparked an investor revolt leading to the ouster of Liz Truss as premier after only 44 days.
"Market feedback suggests that the September 2022 gilt market turmoil marked a structural shift in the fragility of the gilt market," it said. "Policy credibility and predictability are key to strengthening market confidence and reversing the impact of the September 2022 episode."
The IMF added that foreign investors have become bigger participants in the U.K. bond market, estimating that global factors accounted for 60%-90% of the variation in yields between 2020 and 2026.
That could leave the U.K. more vulnerable to volatile capital flows and "fast money" that's more price sensitive, the report warned.

By Michael S. Derby
July 20 (Reuters) - Americans' application rate for new credit over ‌the last year hit its highest ‌level in nearly five years in June, new data from the Federal Reserve Bank of New York released Monday said.
The bank said that the rate of applying for new credit ‌of any type ⁠was at its highest level since October 2021, based on findings ⁠from its latest Survey of Consumer Expectations Credit Access Survey.
"Compared to February 2026 readings, the average likelihood of applying for a new credit ‌card, auto loan, higher credit card limit or mortgage refinance declined somewhat, while the likelihood of applying for a mortgage rose slightly," the bank said in its report.
The ‌New York Fed also said that in its June survey respondents said that the likelihood of ‌needing to come up with $2,000 for an unexpected expense ticked up to 34%, up slightly from the last finding in February, but ‌under the 36% reported in June a year ago.

CoreWeave (NASDAQ: CRWV) closed Thursday at $72.91, down 52% from its 52-week high of $153.20. The main reason the stock keeps falling is the cost of its growth: The artificial intelligence (AI) cloud provider borrows heavily to build data centers, and the bill for that debt is growing about as fast as the business itself.
The first quarter showed both sides. Revenue rose 112% year over year to $2.1 billion. But interest expense more than doubled to $536 million, up from $264 million in the year-ago quarter, and the company's net loss widened to $740 million from $315 million. When CoreWeave reported those results in May, the stock sank about 10% as its revenue forecast disappointed investors and its spending forecast grew again.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
This week brought fresh pressure, with shares falling 3.5% on Wednesday and dropping again Thursday as AI infrastructure stocks sold off broadly.
Insiders haven't helped the mood. CEO Michael Intrator sold about 369,000 shares for roughly $31 million in early July, then about 308,000 more for roughly $25 million on July 14, though the sales came under a prearranged trading plan adopted last year.

(Corrects 1st paragraph to say couples would lose $16,900 annually, not receive $16,9000 annually, if the Social Security trust fund goes broke.)
Newly retired, average dual-income couples planning to retire in six years should expect to receive $16,900 less in annual Social Security benefits if Congress continues to do nothing to shore up the funds used to pay beneficiaries, according to the nonpartisan, nonprofit Committee for a Responsible Federal Budget think tank.
The trust fund that supplements incoming payroll taxes to pay monthly Social Security benefits is expected to run dry by the end of 2032, according to the program's trustees. When that happens, the law requires benefits to be reduced by an estimated 22% to ensure the program's costs do not exceed its revenues.
That's when today's 61-year-olds will reach their normal retirement age and when today's youngest retirees will turn 68.
"Social Security's insolvency is no longer a crisis for future lawmakers to deal with," CRFB's report said. "Senators elected this year will be in office when Social Security's retirement fund is exhausted."

One of the more popular, albeit under-the-radar, finance sector stocks became even more valuable on Thursday. The Bancorp's (NASDAQ: TBBK) share price rose by nearly 8% that trading session, thanks largely to a recommendation upgrade from an ****** yst.
The Bancorp, an innovative fintech that provides back-end banking services for companies that wish to offer them but lack their own bank charters, was upgraded by Keefe, Bruyette & Woods. That firm's ****** yst, Timothy Switzer, now rates the company an outperform (buy, in other words), up from his previous tag of market perform (hold).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
According to reports, Switzer wrote that The Bancorp stands to gain from its relatively recent morphing into a third-party banking services fintech from its former concentration on being a "sponsor bank" for payment cards. As this includes a suite of new programs, the company has a good chance of at least meeting the aggressive guidance laid out by management.
In future periods, the company's atypical business model should lead to higher growth over its more traditional peer banks, the ****** yst predicted.

UWM Holdings Corporation (NYSE:UWMC) is one of the Best Penny Stocks to Invest In According to Billionaires. The stock was held by 16 billionaire investors as of Q1 2026, with total holdings around $151.9 billion.
Recently, on June 25, UWM Holdings Corporation (NYSE:UWMC) was upgraded to Outperform from Market Perform at Keefe Bruyette. Despite the upgrade, the firm lowered the price target from $4.5 to $3.75. The firm noted that they expect the mortgage rates to stay elevated around the 6.25% to 6.5% range through 2028. As a result, the firm lowered the price targets across ****** le insurers and mortgage originators broadly.
Despite the cautious outlook, the firm believes that UWM Holdings is attractively priced at current valuations; hence, it upgraded the stock to Outperform. Moreover, the firm also expects the company to cut its dividend. While dividend cuts are often seen negatively, in this case, the ****** yst views it as constructive. He elaborated that reducing the payout would let the company retain more capital, build equity, and strengthen its balance sheet. The firm sees the likely dividend cut as a near-term positive trigger that could support the stock, even as the broader mortgage industry outlook stays challenging.
UWM Holdings Corporation (NYSE:UWMC) is a company specializing in origination, sale, and servicing residential mortgage lending. Founded in 1986, the company originates primarily from conforming and government loans.
While we acknowledge the potential of UWMC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Investors are currently experiencing one of the longest and most successful stretches in market history.
Following three consecutive years of 16%+ gains in the S&P 500 (SNPINDEX: ^GSPC), the index is on pace to do it again in 2026. Those who have been overweight in tech, growth, and artificial intelligence (AI) stocks have probably done even better.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
While investors should certainly enjoy what's happening right now, it's important to maintain a long-term perspective. Recent gains shouldn't make people overly optimistic about going all in on the tech and/or AI themes. These strategies will almost certainly have their ups and downs over the next several years. Long-term strategies should focus on steady and consistent long-term wealth creation.
Investing solely in tech stocks may provide higher capital appreciation potential. But it's also likely to produce higher highs and lower lows. And a high-growth strategy won't perform well in every market environment.

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
It's easy to feel anxious as you approach the end of your 40s. You're probably in the final sprint before retirement, and even if you're not feeling fully prepared, you still have some time to catch up. This is also likely to be the age when you hit the peak of your career and earnings potential.
However, this is the age when you're likely to feel more financially vulnerable to shocks. One bad investment move, unexpected layoff, surprise bill or medical emergency can be enough to derail your long-term plan, leaving you little time to recover. It is especially true for households without savings.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold

Tech stocks were volatile on Wednesday as renewed US-Iran tensions and a debate over a potential artificial intelligence bubble pressured the sector.
The Nasdaq Composite (^IXIC) fell 0.8%, led by a decline in software stocks.
AI memory chip stocks extended losses on Wednesday after selling off the day before. A Reuters report that China's DeepSeek is developing its own artificial intelligence chip weighed on the sector, as did concerns about sustaining AI demand, despite Samsung's impressive quarterly results.
Broadcom (AVGO), however, jumped over 4% after inking a multiyear, $30 billion chip deal with Apple (AAPL). The company will design and produce custom silicon and other components for Apple products as part of the iPhone maker's push to shore up its US manufacturing program.
The chip trade will get another catalyst this week, as Samsung rival SK Hynix (000660.KS) is scheduled to begin selling American depositary receipts (ADRs) soon, launching a US listing for the world's top supplier of high-bandwidth memory.

Infleqtion Inc. (NYSE:INFQ) is one of the best new tech stocks to buy according to ****** ysts. On June 22, Infleqtion launched America's Quantum ****** e Initiative, partnering with Voyager Technologies, Armada, Monarch Quantum, and the University of Colorado Boulder. This collaboration aims to accelerate the development and deployment of quantum technologies, such as sensing, computing, and communications, for future ****** e infrastructure.
The initiative uses the combined expertise of industry and academic leaders to transition quantum innovations from laboratory demonstrations to operational ****** e applications. By connecting diverse stakeholders through a new Quantum ****** e Hub, the coalition plans to foster breakthroughs that enhance precision, resilience, and autonomy in critical ****** e systems.
This strategic effort seeks to solidify US leadership in next-generation technology by addressing complex challenges in deep-space exploration, mission optimization, and lunar infrastructure. Through ongoing research and public-private partnerships, the initiative will focus on establishing the foundational capabilities necessary to shape the future of the ****** e economy.
Infleqtion Inc. (NYSE:INFQ) develops and commercializes quantum technology products.
While we acknowledge the potential of INFQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

After record-breaking growth so far this year, the S&P 500 (SNPINDEX: ^GSPC), Nasdaq Composite (NASDAQINDEX: ^IXIC), and Dow Jones Industrial Average (DJINDICES: ^DJI) have wobbled over the past few weeks -- and many investors are feeling conflicted about what's coming next.
Around 45% of U.S. investors are optimistic about the market's next six months, according to a June 2026 survey from the American **** ociation of Individual Investors, compared with 36% who are pessimistic and 19% who are neutral.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
At the same time, however, CNN's Fear and Greed Index -- which measures investor sentiment based on a variety of stock market indicators -- has been firmly in the "fear" category for most of June.
Even Wall Street experts can't agree on whether we're in an AI bubble or if the market still has plenty of growth potential ahead. While even investing legend Warren Buffett can't predict the future, he recently offered a few words of warning -- and history says investors should pay attention.

By
July 2, 2026 10:43 pm ET
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(2 min)
Kuaishou Technology’s 1024 -0.09%
decrease; down pointing triangle
Kling has raised $2.80 billion from investors, as the short-video company seeks to spin off and list its artificial-intelligence video unit.

Rivian Automotive (RIVN) shares ended meaningfully higher on July 2 after the EV maker raised its full-year guidance. It now expects to deliver at least 65,000 vehicles in its fiscal 2026.
Management had previously estimated 62,000 deliveries at the lower end of the range. In Q2, the automaker delivered 12,194 vehicles in total, handily beating the consensus at 11,000 only.
SanDisk Slumps 10% But BofA Stays Bullish. Here Is How to Play SanDisk Stock Here.
1 High-Probability Iron Condor Trade on Broadcom Stock to Make Now with 29% Return Potential
Nasdaq Futures Slip as Chip Stocks Extend Slide, U.S. Jobs Report in Focus

indie Semiconductor, Inc. (NASDAQ:INDI) is one of the Best Small-Cap Semiconductor Stocks to Buy Right Now. indie Semiconductor, Inc. (NASDAQ:INDI) has declined roughly 30% over the past month, mainly due to heavy insider selling. Wall Street remains bullish on the stock, with ****** ysts' 12-month average price target suggesting more than 69% upside from the current level.
Recently, on June 22, the company announced that co-founder Dr. Ichiro Aoki will step down as President and board member on June 29, 2026. Aoki won't leave the company but will move into a Technical Advisor role, focusing on engineering expertise and supporting the company's product roadmap. Management noted that co-founder, Dr. Aoki, played a central role in shaping indie's engineering culture and technical direction since the company's inception.
Thomas Schiller will be joining indie's Board of Directors. He has previously served as CFO and EVP of Strategy and has been a Strategic Advisor since November 2024.
Separately, on June 10, indie Semiconductor, Inc. (NASDAQ:INDI) introduced its next-generation edge AI system-on-chip, called the iND881. The system has been designed to power smart cameras in both automotive and robotics applications. Management noted that the chip combines AI processing with indie's multi-camera image signal processor, offering a compact and efficient solution for intelligent perception systems.
Notably, the system features a heterogeneous compute architecture, pairing a Neural Processing Unit for AI workloads, a Digital Signal Processor for classical signal processing, and a quad-core ARM Cortex-A53 CPU.

Moderna (MRNA) shares rallied on June 26 after the company detailed its future beyond COVID-19 at its highly anticipated Science Day event. Shares are continuing their upward trend today.
As investors cheered the positive updates, MRNA's relative strength index (RSI) climbed into the early 70s, indicating the stock may now be ripe for profit-taking.
Billionaire Mark Cuban Asks If AI 'Collapses' And Data Centers Turn Into 'Chuck E Cheeses,' Would That 'Create A Revival Of Jobs?'
As Trump Doubles Down on Quantum Computing, This Is the Top-Performing Stock to Buy YTD
Why Verizon, AT&T, and T-Mobile Should Be Terrified of Elon Musk's Next Move

The idea of any cryptocurrency skyrocketing may feel far-fetched right now. Prices are down dramatically, and good news barely registers: Chainlink (CRYPTO: LINK), for example, has fallen around 20% in the past three months despite a slew of positive announcements.
However, when sentiment does improve, Chainlink could soar. It already plays a key role in mainstream crypto adoption by providing the data that automated blockchain functions need. It bridges blockchains to the real world, working across chains and **** ets to support complex transactions. Here are three reasons its price could jump in the next six months.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There's always a hot new trend in cryptocurrencies. Last year, stablecoins were thrust into the spotlight by legislative changes. This year, it's all about real-world **** et tokenization, which is a way to record ownership on the blockchain. Putting ownership of **** ets -- including equities, bonds, real estate, and more-- on the blockchain makes trading easier, more accessible, and cheaper.
Chainlink's data streams and technology will be crucial as more **** ets move on-chain. For example, the New York Stock Exchange and Nasdaq are both preparing to launch tokenized equities, and the organizations that support them -- such as the Depository Trust & Clearing Corporation (DTCC), which offers clearing and settlement services -- are readying the infrastructure. The DTCC is partnering with Chainlink as it develops a tokenization platform for round-the-clock trading.

Navan, Inc. (NASDAQ:NAVN) is one of the 10 Best New Stocks to Buy Other Than **** eX.
On June 25, 2026, Navan, Inc. (NASDAQ:NAVN) announced that **** mins (CMI) selected Navan after a review of the business travel landscape. Through the partnership, Navan will support the travel needs of more than 60,000 **** mins employees across locations in more than 60 countries and three global regions.
On June 24, Navan announced a partnership with Enbridge (ENB) to transform its travel program. Tracie Slone, VP & Chief Supply Chain Officer at Enbridge, said Navan helps "simplify travel," pointing to reduced manual work and a better user experience while supporting efficiency and disciplined growth across Enbridge's operations.
On June 11, BMO Capital raised its price target on Navan to $30 from $22 and kept an Outperform rating. BMO Capital said Navan's Q1 results were strong, with upside on every key metric. The firm also noted accelerating growth in travel bookings and payments, another improvement in overall revenue growth, triple-digit growth in RFPs, enterprise gains, and an AI strategy that is helping the business scale efficiently.
Navan, Inc. (NASDAQ:NAVN) operates an AI-powered software platform for travel and expense management.

Explosive growth in the use of artificial intelligence (AI) is driving an expanding need for specialized computing resources, and traditional cloud infrastructure providers are struggling to supply those resources in sufficient quantity. ****** e Exploration Technologies (NASDAQ: SPCX) -- which is best known for its reusable rockets and its Starlink satellite network -- is aggressively expanding beyond the aerospace sector and into the world of accelerated computing capacity.
Through a series of targeted investments and strategic partnerships, ****** eX (as the company is known) is positioning itself to supply access to high-performance GPU clusters, and building a foothold in the neocloud economy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Neoclouds are specialized data centers built around dense clusters of GPUs -- largely Nvidia's industry-leading processors -- rather than general-purpose servers. They streamline access to the huge parallel-processing power that's required for AI training and inference, sparing their clients the capital outlays of building and operating their own data center infrastructure. By specifically optimizing their clusters to handle AI workloads, neoclouds help accelerate model development and lower barriers to entry for smaller research teams. This is particularly useful now as there are a host of bottlenecks limiting the pace at which new data centers can be brought online.
Over the last year, ****** eX deployed meaningful capital into AI infrastructure, buying substantial quantities of Nvidia GPUs. The company has since inked agreements to supply AI infrastructure capacity to prominent clients such as Anthropic, Alphabet's Google Cloud, and Reflection AI. The total value of those three contracts could be about $82 billion over the next three years.

By Zaheer Kachwala and Anhata Rooprai
June 24 (Reuters) - Micron forecast quarterly profit and revenue well above expectations on Wednesday and said its customers had committed $22 billion to lock in supplies of memory chips, sending its shares surging 12% in after-hours trading.
The forecast - and third-quarter results ‌that beat Wall Street estimates - underscore how AI-driven shortages are forcing Micron's large-scale data center customers to fund capacity, reshaping the memory market.
Micron, a ‌key supplier for Nvidia's AI processors, has benefited from the shortage.
The company, the only U.S.-based manufacturer of high bandwidth memory chips used alongside Nvidia's AI processors, has seen demand for these chips far outstrip its production capacity, allowing the company and rivals SK Hynix and Samsung Electronics to charge a premium for their products.

Like most industries, market ***** ysis is turning to artificial intelligence, or AI, meaning folks like me will soon go the way of the dinosaur.
I recently sat down with CARL, Barchart's new AI market ***** yst and ask it a number of familiar questions.
Arabica Coffee Prices Surge as Brazil Rains Disrupt the Coffee Harvest
Arabica Coffee Prices Jump as Brazil Rains Delay the Coffee Harvest
Cocoa Prices Supported by Heavy Rains in the Ivory Coast

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The Wendy's Company named Steve Cirulis as its chief financial officer and chief strategy officer on Monday, bringing in a former Potbelly executive who previously partnered with Wendy's new CEO on a restaurant turnaround.
Cirulis, 55, most recently served as CFO and chief strategy officer at Potbelly Sandwich Works, where he and Wendy's President and CEO Bob Wright worked together. Their tenure at Potbelly delivered results the company described as a more than 500% rise in share price, alongside double-digit average unit volume growth and meaningful expansion in restaurant margins. Cirulis left Potbelly in December 2025, the company said.
His resume prior to Potbelly includes stints at Panera Bread, McDonald's, and Gap, Inc., which Wendy's said amounts to nearly 30 years of experience spanning restaurant and retail.
Cirulis succeeds Ken Cook, who has served as CFO since 2024 and will remain in an advisory capacity through July. Kirk Tanner's unexpected exit prompted Wendy's to install Cook as interim CEO, a role he held from July 2025 until Wright's appointment in May 2026. In recognition of that service, the company said it will provide Cook with 24 months of salary continuation rather than the standard 12 months.
"Driving solid financial discipline, topline growth and enhanced franchisee profitability are essential to our future success," Wright said in a statement. "I am confident that Steve will play a critical role as we execute the turnaround of Wendy's."

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Online brokerage Wealthsimple is providing Canadians access to Kalshi's prediction market.
Privately held Wealthsimple, which is based in Toronto, says it plans to introduce a new app called "Wealthsimple Predict."
The app will enable retail investors in Canada to access bets through Kalshi, an established U.S. prediction market platform.
More From Cryptoprowl:
Ripple, The Company Behind XRP, Is Valued At $50 Billion

Databricks is launching new tools to help companies cap AI costs, after finding customers had accidentally spent tens of millions of dollars on their broader AI bills in a single month.
Why it matters: AI agents are making corporate software bills harder to predict, and Databricks wants to be the layer companies use to keep them under control.
The big picture: The rise of AI agents that autonomously interact with models without much human supervision is increasing AI usage and forcing companies to blow budgets.
Traditional cloud cost tools often flag overspending only after the damage is done.
Databricks hopes its new tool helps firms pivot from token maxing to "value maxing," Patrick Wendell, Databricks co-founder, tells Axios.

By Karen Freifeld
June 17 (Reuters) - A top Huawei executive's admission that the Chinese telecom company illegally conducted business in Iran can be used in the upcoming U.S. trial against Huawei, according to ‌a judge's ruling filed in Brooklyn federal court on Tuesday.
Chief Financial Officer Meng Wanzhou made the ‌admission as part of a 2021 deal to dismiss the criminal charges she faced in the case. In a four-page statement of facts, Meng acknowledged lying to a financial institution about Huawei's compliance with sanctions and export control law.
"Meng was — and is still — Huawei Tech's CFO," U.S. District Judge Ann Donnelly wrote in ruling that the statement was admissible at trial. "Huawei Tech should not be able to object that admitting the statement of its senior executive about her conduct in connection with her ‌job — which Huawei Tech adopted — violates Huawei ⁠Tech's rights."
Donnelly rejected Huawei's argument that prosecutors could not use Meng's admission against it because the company was entitled to remain silent despite her statement. The judge also said ⁠it was unnecessary for Huawei to question her at trial.

Greenskeeper **** et Management, an independent firm that specializes in disciplined value investing, recently released its Q1 2026 scorecard. A copy is available to download here. The Middle East conflict triggered a sharp stock sell-off in the market, resulting in the Greenskeeper Value Fund posting a -8.1% return in Q1. Despite this challenging quarter, the fund took the opportunity to reinforce its portfolio. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Greenskeeper **** et Management highlighted General Dynamics Corporation (NYSE:GD). Headquartered in Reston, Virginia, General Dynamics Corporation (NYSE:GD) is a leading aerospace and defense company that operates through Aerospace, Marine Systems, Combat Systems, and Technologies segments. On June 12, 2026, General Dynamics Corporation (NYSE:GD) closed at $360.22 per share. One-month return of General Dynamics Corporation (NYSE:GD) was 4.99%, and its shares gained 28.98% over the past 52 weeks. General Dynamics Corporation (NYSE:GD) has a market capitalization of $97.41 billion.
Greenskeeper **** et Management stated the following regarding General Dynamics Corporation (NYSE:GD) in its Q1 2026 investor letter:
"Rounding out our top performers in the first quarter were our defense holdings: Lockheed Martin (LMT) +25% and General Dynamics Corporation (NYSE:GD) (GD) +2%. Ongoing global conflicts and the fraying of the NATO alliance continue to underscore the critical need for sustained investment in national defense. Beyond their defense segments, both companies reached a historic milestone this quarter with the successful Artemis II mission—the first crewed flight around the moon since 1972. Lockheed Martin was responsible for the Orion crew module and the **** ecraft's complex flight software, while General Dynamics provided the essential emergency radios and transponders that linked the astronauts to mission control. With the crew now safely home, we can officially declare: "mission accomplished.""
General Dynamics Corporation (NYSE:GD) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 62 hedge fund portfolios held General Dynamics Corporation (NYSE:GD) at the end of the first quarter, compared to 66 in the previous quarter. While we acknowledge the potential of General Dynamics Corporation (NYSE:GD) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.