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Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged over 28% on Thursday after the donut-and-coffee chain said it will no longer pay out its quarterly dividend and that it was “reassessing” the deployment of its planned McDonald’s rollout, and fell short of earnings expectations, according to Bloomberg. Krispy Kreme’s earnings missed expectations for the first quarter of 2025, with the company posting an EPS (earnings per share) of negative $0.05, coming in below the EPS forecast of negative $0.04. It posted revenue of $375.2 million, within previous guidance but below a forecast of $385.11 million. Following the announcement, Krispy Kreme’s stock fell by 28.18% in…

Grab your boots and cowboy hats. The 60th Academy of Country Music Awards will have you two-stepping in your living room tonight (Thursday, May 8). This big anniversary show is sure to be an old-fashioned good time. Here’s everything you need to know about this celebration of country music, including how to tune in. A brief history of the Academy of Country Music and the ACM Awards Believe it or not, the Academy was founded in Los Angeles, California: A group of country music lovers led by Tommy Wiggins, Eddie Miller, and Mickey and Chris Christensen founded the organization in 1964. Their goal was to promote country music and artists, such as Merle Haggard, …

Cardinal Robert Francis Prevost, who was just elected as the new leader of the Catholic Church, seems to have similar views on the environment as his predecessor, Pope Francis. Prevost, who is taking the name Pope Leo XIV, has been outspoken about the need for urgent climate action and voiced his support for the use of climate technology such as solar panels and EVs. Pope Francis, who died in April, made the climate crisis a central issue of his papacy. He urged fossil fuel executives to transition to clean energy, calling the rising greenhouse gas levels “disturbing and a cause for real concern”; he declared a global climate emergency; and he launched a project to po…

On 212 E 141st Place in Dolton, Illinois—just a few blocks from Andy’s hot dogs and Chuck’s Gun Shop & Pistol—resides a typical 5 bed, 3 bath, 1,200 sqft brick home that is about to become a landmark. Because it’s the childhood home of Robert Prevost, the cardinal who has just been elected to become the next Pope. Listed on Redfin for $199,000 at the time of publishing, the home matches an address and tax records first reported by South Cook News. It also aligns with Prevost’s personal history. Born and raised in the south suburbs of Chicago, he spent most of his life in the region. The home, constructed in 1949, is typical of this neighborhood, which is f…

A hot new high-stakes competition show went viral on the internet this week that had fans placing bets, joining fantasy leagues, tweeting live updates, and posting daily recaps. But it wasn’t Love Island or Survivor. It was the conclave. The conclave is the Catholic Church’s traditional process for picking a new pope. It involves sequestering dozens of cardinals in an locked-down Sistine Chapel for an indefinite period, during which time they use a series of votes to elect a new pontiff. After each ballot, an old-fashioned system is used to let the world know whether a pope has been chosen: If the decision has not been made, black smoke issues from the Chapel’s chimn…

In the run-up to the annual U.N. climate conference, set to take place in Brazil’s Amazon in November, the construction of a road is drawing attention, with critics arguing it will lead to environmental degradation. Before the talks, called COP30, the state government of Para is building a 13-kilometer (8-mile) avenue designed to ease traffic on a major highway that runs parallel. The road was planned long before Belem, a metropolitan area of 2.5 million people that sits on the edge of the Amazon, was chosen as conference host. That hasn’t spared it sharp criticism, however, because the road is expected to cut across the last remnants of rainforest in Belem. R…

The woman behind Instacart’s successful IPO, Fidji Simo, is joining OpenAI’s C-suite. On Wednesday, OpenAI CEO Sam Altman announced Simo’s new role as CEO of Applications. She will report directly to him after transitioning out of her current role at Instacart later this year. “In her new role, Fidji will focus on enabling our “traditional” company functions to scale as we enter a next phase of growth,” Altman said in a blog post. “Fidji brings a rare blend of leadership, product and operational expertise, and genuine commitment to ensuring our technology benefits everyone.” Before joining OpenAI’s executive team, Simo served as a member of its board of direct…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. National active housing inventory for sale at the end of April 2025 was up 31% compared to April 2024. That’s just 16% below pre-pandemic levels in April 2019. However, while the national housing market has softened and inventory has surpassed 2019 pre-pandemic levels in some pockets of the Sun Belt, many housing markets remain far tighter than the national average. Pulling from ResiClub’s monthly inventory tracker, we identified the tightest major housing markets heading into the spring 2025 season, where active inventory is still the furthest belo…

White smoke is pouring out of the Sistine Chapel chimney, signaling that a pope has been elected to lead the Catholic Church. That means the winner secured at least 89 votes of the 133 cardinals participating in the conclave to elect a successor to Pope Francis. The crowd in St. Peter’s Square erupted in cheers. The name will be announced later, when a top cardinal utters the words “Habemus papam!” Latin for “We have a pope!” from the loggia of St. Peter’s Basilica. The cardinal then reads the winner’s birth name in Latin, and reveals the name he has chosen to be called. The new pope is then expected to make his first public appearance and impart a blessing …

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here. Half of all LLM usage is for writing computer code The tech industry insists that AI will “transform” how companies, both large and small, operate. Tech VCs and AI founders predict that major business functions will be reshaped, one by one, to be handled by AI agents. For a while, many speculated which function would be transformed first. It wasn’t customer service, legal, or marketing: it was software development. Generative AI’s first killer app is coding. Tools like Cursor and Windsurf ca…

Israel’s ongoing blockade of humanitarian assistance for Gaza forced a leading aid group to shut its community soup kitchens Thursday as it faced empty warehouses and no replenishment of supplies in the war-battered enclave. World Central Kitchen was serving 133,000 meals per day and baking 80,000 loaves of bread over the past weeks, but said it was forced to suspend operations since there is almost no food left in Gaza for the organization to cook. The lack of food is threatening Gaza’s population, already battered by 19 months of war. In April, the World Food Program said its food stocks in Gaza had run out under Israel’s blockade, ending a main source of susten…

Once a year, a crowd of thousands of runners fill Central Park as they look up at the sky with joy, relief, exhaustion, and tears, knowing they just completed the iconic TCS New York City Marathon. Recognizing the endless storytelling opportunities that come from the event, New York Road Runners (NYRR), the nonprofit behind the marathon, is launching its own production studio, East 89th St Productions. “It was clear to me that this was a huge opportunity for the organization from the first day that I went to the finish line of the marathon,” NYRR CEO Rob Simmelkjaer says. “It’s rare that you can look and see total strangers by the hundreds, having a moment that y…

The social media platform X said Thursday it has blocked access to jailed Istanbul mayor Ekrem Imamoglu ’s account in Turkey, complying with a Turkish court order — the latest measure targeting a key rival of President Recep Tayyip Erdogan. However, Elon Musk‘s X said that while the company abided by the order, it disagrees with it and is legally challenging it. It said X complied to avoid severe punishments, such as the throttling of the whole platform in Turkey. “X has been and will continue to object to removal orders including government requests in courts to protect users when those requests do not align with principles of free expression, due process, or oth…

I’m a writing professor who sees artificial intelligence as more of an opportunity for students, rather than a threat. That sets me apart from some of my colleagues, who fear that AI is accelerating a glut of superficial content, impeding critical thinking and hindering creative expression. They worry that students are simply using it out of sheer laziness or, worse, to cheat. Perhaps that’s why so many students are afraid to admit that they use ChatGPT. In The New Yorker magazine, historian D. Graham Burnett recounts asking his undergraduate and graduate students at Princeton whether they’d ever used ChatGPT. No one raised their hand. “It’s not that they’…

Pope Francis left a lasting legacy, not least his appreciation for art. In his 2025 biography, Hope, Francis spoke of his admiration for the Baroque painter Caravaggio. He recalled that during his travels to Rome as a cardinal, he prayed in front of the painting by Caravaggio—The Calling of Saint Matthew. The painting is found in the chapel dedicated to St. Matthew in the Church of San Luigi dei Francesi. The donor of the chapel was a French cardinal, Matthieu Cointerel, who died in 1585. This was the first commission for Michelangelo Merisi da Caravaggio, who was hired in July 1599. A year later, The Calling of Saint Matthew and The Martyrdom of Saint Matthew, depict…

Human-caused climate change intensified deadly rainfall in Arkansas, Kentucky, Tennessee and other states in early April and made those storms more likely to occur, according to an analysis released Thursday by the World Weather Attribution group of scientists. The series of storms unleashed tornadoes, strong winds and extreme rainfall in the central Mississippi Valley region from April 3-6 and caused at least 24 deaths. Homes, roads and vehicles were inundated and 15 deaths were likely caused by catastrophic floods. The WWA analysis found that climate change increased rainfall intensity in the storms by 9% and made them 40% more likely compared to probability of such e…

In honor of its 25th anniversary, the Gates Foundation made a major announcement. On Thursday, chair Bill Gates said he would give away most of his fortune over the next two decades. “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” Gates wrote in an announcement on GatesNotes. The statement continued, “There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned.” Gates explained that he would give away practically all of his fortune over the …

After filing for Chapter 11 bankruptcy protection for a second time this week, Rite Aid is already planning to wind down operations at underperforming locations in at least nine states, court documents show. The long-suffering drug store chain, which is scrambling to sell parts of its business less than one year after emerging from bankruptcy the first time, has identified 47 locations that it will initially close as is negotiates with potential buyers and moves through the Chapter 11 process yet again. Rite Aid has 1,277 pharmacies, three distribution centers, and more than 24,000 employees across 15 states, and it’s hoping to sell many of its locations to pres…

At a recent fundraising event, I stood backstage with a young woman waiting to give a speech in front of 550 people to honor her alma mater. She was visibly nervous; I watched as she paced, taking deep breaths to calm the adrenaline that was flooding her body, twisting her hands, and looking toward the stage door as if she might try to make a run for it. As a charity auctioneer who has spent more than two decades on stages around the world commanding rooms filled with thousands of people, I know that feeling. There were so many nights in the beginning of my career when I felt the same way. But spending 1,000-plus nights onstage has given me plenty of practice to learn…