The fast-casual restaurant brand, Cava Group, experienced a notable increase in its share price by nearly 6% in after-hours trading following its latest earnings report. The company reported a profit of 17 cents per share, surpassing the LSEG estimate by 4 cents. Additionally, its revenue also exceeded expectations. Contrary to Cava Group’s success, shares of
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Portillo’s, a fast-casual restaurant chain known for its Chicago-style hot dogs and Italian beef sandwiches, has been facing challenges despite its strong brand recognition. The company’s stock price has experienced fluctuations, dropping from its IPO price of $20 per share to $12.27 per share. Engaged Capital, an activist investor, has raised concerns about the company’s
The cost of attending college continues to rise, with some schools now reaching nearly six figures per year when factoring in all expenses. According to data provided to CNBC for the 2024-25 academic year, several prestigious universities such as New York University, Tufts, Brown, Yale, and Washington University in St. Louis have sticker prices exceeding
In anticipation of the Federal Reserve’s upcoming interest rate decision in September, more investors are turning their attention to dividend stocks. Paul Baiocchi, the chief ETF strategist at SS&C ALPS Advisors, suggests that this shift towards dividend investments is a prudent move given his outlook on the Fed’s decision to ease rates. According to Baiocchi,
Edgar Bronfman Jr. has recently made a bid for a controlling stake in Paramount Global, which could potentially keep Shari Redstone closely connected to the company if his offer is successful. Bronfman has raised $6 billion to compete with Skydance Media for the ownership of National Amusements, a holding company founded by Sumner Redstone. Both
Since the implementation of the Inflation Reduction Act, the U.S. has experienced a manufacturing boom that has mobilized tens of billions of dollars of investment. This surge in investment has been particularly beneficial for rural communities in need of economic development. The future of these investments, however, may be at risk depending on the outcome
Boeing recently made the decision to return its Starliner capsule from the International Space Station without the NASA astronauts it delivered to orbit in early June. This unexpected move was announced by the agency on a Saturday, causing a buzz within the space community. The agency revealed that NASA astronauts Butch Wilmore and Suni Williams
The recent massive data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about potential exposure of 2.9 billion personal records. While reports vary on the exact number of records leaked, the breach is a stark reminder of the risks associated with cyber threats. According to National
The Biden administration has announced that it will be resuming the distribution of free at-home Covid-19 tests to American households starting in late September. This decision comes as the virus continues to spread rapidly throughout the country during the summer months. Officials have shared that Americans will be able to request up to four free
The recent announcement by Federal Reserve chair Jerome Powell regarding a possible interest rate cut has sparked discussions among investors and financial advisors. Powell’s indication that the central bank might start cutting interest rates, currently at their highest level in two decades, has implications for various investment strategies and asset classes. While some investors may