Sopa Images | Lightrocket | Getty Images Company: Shake Shack (SHAK) Business: Shake Shack owns, operates and licenses Shake Shack restaurants, which offer hamburgers, chicken, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, wine and other products. The company was originally founded in 2001 by Danny Meyer’s Union Square Hospitality […]
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Mastercard’s stock has outperformed Visa’s over the past 5 years. Here’s why
Mastercard is one of the world’s most recognizable brands today. It is the second largest card network in the U.S., accounting for more than a quarter of all purchase volume using a payment card, according to Nilson Report. related investing news 21 hours ago 21 hours ago As the world […]
Why major commercial real estate firms are joining resources to recruit Black student-athletes
Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Diana Olick | CNBC When Darius Livingston graduated from the University of California, Davis, two years ago, he knew his football career was over. Like most of his former teammates — and the […]
The No. 1 ‘underrated’ city in the world, according to 175 travel experts: It’s the ‘new hot city’
New York, Paris and Tokyo may be on your travel bucket list, but there are plenty of cities that don’t get enough credit and are well worth a visit. Underrated cities have their benefits — they can often be less crowded, more affordable, and just as interesting. As a travel journalist […]
Biden says he’s ‘very optimistic’ about a debt ceiling deal
WASHINGTON — President Joe Biden said he was “very optimistic” on Friday about reaching a compromise deal with House Republicans to raise the debt ceiling before a June 5 deadline announced earlier in the day. “I hope we’ll have some clear evidence tonight, before the clock strikes twelve, that we […]
JPMorgan CEO Jamie Dimon testifies he had no involvement with Jeffrey Epstein account, bank says
JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the U.S. Capitol in Washington, May 17, 2023. Evelyn Hockstein | Reuters […]
Treasury now says it could run out of money June 5, buying time for debt ceiling talks
WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt […]
The tech trade is back, driven by A.I. craze and prospect of a less aggressive Fed
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Forget about the debt ceiling. Tech investors are in buy mode. The […]
Facebook-Giphy sale shows how fear of regulators is slowing M&A market
The logos of Facebook and Giphy. Aytac Unal | Anadolu Agency via Getty Images In 2020, a top Meta executive explained the company spent $315 million acquiring Giphy “because it’s a great service that needed a home.” Instagram chief Adam Mosseri touted Giphy’s “amazing team” and “expressive” userbase, and stressed […]
Marvell shares rocket 32% on earnings beat and ‘tremendous’ business potential for A.I.
Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Shares of Marvell Technology continued a significant overnight rally Friday, surging about 32% off the back of quarterly earnings results that beat on the top and bottom lines. On Thursday, the chipmaker posted 31 cents in adjusted earnings per share for […]