Jack in the Box Jumps, and Darden Raises Forecasts
Shares of Jack in the Box jumped Tuesday morning after the fast-food chain agreed to sell its Qdoba brand. Apollo Global Management will buy the Mexican franchise for $305 million
And Red Lobster parent Darden Restaurants beat estimates for the latest quarter and raised its forecast for next year. The company benefited from increased prices and traffic at its Olive Garden and Longhorn Steakhouse restaurants.
Plus Citigroup raised its price target on Wal-Mart. Hosts Kristen Scholer and Tim Stenovec walk through using the TradeStation platform to set a "limit sell" order to lock in profits.
Seth Schachner, Managing Director at Strat Americas, talks Disney's taking control of Hulu, Warner Bros. and Discovery's split and how if affects the viewers.
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
