The president's social media company is going back to its roots. The parent of Truth Social said Monday it is abandoning several new businesses — crypto, online betting, financial services — to refocus on building up its social media platform. Part of that effort is a new paid service for Wall Street traders who want sneak peeks at the president's market-moving posts. The service has drawn criticism from government watchdogs for basically setting itself up as a paid alternative to the White House press office. The parent company, Trump Media & Technology, detailed its new plans Monday after posting losses in the latest quarter jumped tenfold.

Cracker Barrel’s CEO is stepping down nearly a year after an attempted rebrand of the chain led to fierce customer backlash. Lebanon, Tennessee-based Cracker Barrel said Monday that CEO Julie Masino will step down next month but remain with the company until Oct. 9 in an advisory capacity. David Deno will succeed Masino on Aug. 10 as CEO. Deno served as the CEO of Bloomin’ Brands, which owns Outback Steakhouse and other chains, from 2019 to 2024. The move comes a year after Cracker Barrel announced a simplified logo and other changes that angered longtime fans.