Brett Schulman, Cava CEO, joined Cheddar News to talk about his company going public. "We think the market is always welcoming to long-term sustainable growth stories, especially category defining brands," he said. Schulman also shared his pitch to investors as the company launches it IPO.
Stocks were mixed at the open but Wall Street was heading for a losing week as investors digested the hints that the Federal Reserve could raise rates before the end of the year.
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers.
