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.
Citigroup’s Global Chief Economist, Nathan Sheets, breaks down the Fed’s decision to hold rates, Trump’s reaction, and the likelihood of a cut this fall.
Tony Edward discusses Ethereum’s rise, governance of corporate crypto treasuries, the newly signed GENIUS Act, and the pending CLARITY Market Structure Act.
The Ether Machine, led by CEO David Merin, announces a $1.5B SPAC IPO. The firm holds 400K ETH, making it the largest Ethereum treasury holder globally.
President Donald Trump pulled a rabbit out of his trade war hat this week, announcing a trade deal with Japan putting 15% tariffs on most Japanese imports.