Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday.Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.”Since its founding in a Los Angeles parking lot in 2017, the fast-growing chicken chain has expanded to more than 300 locations by franchising its restaurants. Dave’s U.S. sales soared 57% last year and surpassed $600 million, according to data from market research firm Technomic.Roark’s investment follows a boom for chicken-focused restaurants, fueled by the so-called…
Author: usaeverydaylife
Metals prices have shined year-to-date, with most metals having outperformed the S & P 500 Index and gold the standout relative performer. We believe gold’s outperformance should persist given the positive long-term momentum that gold possesses in absolute terms and relative to equities. However, while gold seems to get all the press, there are other metals with promising technical set-ups that are worth a look from a technical perspective. Copper prices are higher Monday, unphased by weakness in metals affected by tariff headlines. The generic copper futures are above their 50-day, or ~10-week, moving average MA) in a pending breakout…
Most people think taking your time to make a big decision is essential to making the best call. Haste equals regret, right? Not in my experience. I’m a decision coach who helps people make one decision — big or small — in a single session. I’ve helped people decide whether to move abroad, change careers, get divorced, or have kids. I even helped someone pick what color to paint their kitchen. I’ve worked with more than 500 clients, and they all have one thing in common: They take way too long to make their decision. What they don’t realize is that this actually…
Mohamed Sabry Soliman, man accused of attacking a rally supporting Israeli hostages in Boulder, Colorado.Obtained by NBC NewsFederal prosecutors on Monday charged the suspect in a fire attack on demonstrators in Boulder, Colorado, with a charge of hate crime.A criminal complaint filed against the suspect, Mohamed Sabry Soliman, said there is probable cause to believe he attacked the demonstrators because they were supporting Israel in calling for the release of hostages still being held by the Palestinian terror group Hamas.Soliman, 45, is due to appear Monday afternoon in Boulder court to face state charges related to Sunday’s attack, which left…
The aging population has implications for the markets around the world. Yet it isn’t just health-care companies and senior living facilities that will reap the benefits. Financial companies also stand to gain as demographics shift, according to Morgan Stanley and UBS. As longevity increases and fertility rates fall, the oldest generation will represent an increasingly larger part of the world’s total population. In the United States, those aged 65 and older made up about 17% of the population in 2020. They are expected to represent 21% of the population by 2030 — and the percentage will keep climbing through 2060,…
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company dropped 3% after sales in May in declined in several European markets. Reuters reported that Tesla suffered weaker sales in Sweden, France, Spain, Denmark and the Netherlands, but improved in Norway, boosted by the revamped Model Y. Advertising stocks — Advertising stocks were lower Monday following a report in the Wall Street Journal that Meta Platforms plans to use artificial intelligence to fully automate its ads by the end of the year. Shares of Omnicom Group lost 4%, while WPP Group and Interpublic…
Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals.”As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior to that July 9 time frame,” Faulkender said on CNBC’s “Squawk Box.”President Donald Trump on April 9 paused his reciprocal tariffs on most U.S. trade partners for 90-days, pushing implementation of the steep levies to early July.At the time, the Trump administration said they were aiming…
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.Ina Fassbender | Afp | Getty ImagesGerman antitrust regulators warned Amazon on Monday that the company’s pricing mechanisms for third-party sellers could run afoul of competition laws.The Federal Cartel Office said in its preliminary assessment that Amazon’s pricing controls limit the visibility of merchants’ products and, “based on non-transparent marketplace rules,” interfere with their freedom to set prices.Amazon uses algorithms and statistical models to calculate certain price caps for products, the Cartel Office said.…
Chris Nassetta, Hilton Worldwide CEO, joins ‘Squawk on the Street’ to discuss Hilton’s demand picture, the impact of tariffs and much more. Source link
Vcg | Visual China Group | Getty ImagesShares of Applied Digital rose more than 40% after the company said it signed two long-term lease agreements with CoreWeave for artificial intelligence data centers.Nvidia-backed CoreWeave climbed more than 7% following the announcement.Financial terms of the two agreements were not provided, but Applied Digital said it expects $7 billion in total revenue over the approximately 15-year period.”Through these newly signed long-term leases with CoreWeave, we are taking a step forward in our strategic expansion into advanced compute infrastructure,” said Applied Digital CEO Wes Cummins in a release announcing the news.CoreWeave will provide AI…
