industry

Portillo’s, a well-known fast-casual restaurant chain in the United States, is facing scrutiny from Engaged Capital, an experienced small-cap investor. The company, with a stock market value of $901M and a unique menu offering, is under pressure to improve its business operations in order to enhance shareholder value. Engaged Capital has highlighted several areas of
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Restaurants across the United States have increasingly turned to the use of surcharges and fees to cover costs such as credit card processing, gratuities, and “inflation.” This practice has become more prevalent in recent years, with 15% of restaurant owners adding surcharges or fees to checks due to higher costs. In fact, 3.7% of restaurant
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The previews for ZoĆ« Kravitz’s Blink Twice and The Crow, presented by Lionsgate/Edward R. Pressman, were underwhelming with only $820K and $650K respectively. Despite having Channing Tatum in the lead role and solid reviews, Blink Twice fell short of expectations. This raises concerns about the film’s performance over the weekend, as both films are predicted
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Australia’s bank regulator, the Australian Prudential Regulation Authority (APRA), recently took action in response to suspected misconduct at ANZ’s bond trading unit. This comes as the first financial fallout from the growing scandal affecting the bank. Originally, APRA was set to review a A$500 million capital add-on imposed on ANZ and other major lenders in
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Several companies are making positive strides in pre-market trading, indicating potential growth and investor interest. Companies such as Crocs, Agilent Technologies, and Nordson experienced stock increases after surpassing expectations in their fiscal reports. This signifies strong performance and the possibility of sustained success in the future. Additionally, companies like Synopsys and Wolfspeed showed resilience in
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BYD, the Chinese electric vehicle maker, has narrowed down its choices for the location of its new manufacturing plant in Mexico to three states. The firm’s country head, Jorge Vallejo, revealed that they are currently reviewing a variety of proposed incentives offered by these states. These incentives include fiscal benefits, land offerings, management assistance, and
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Disney’s stronghold on the summer box office is set to continue with the anticipated success of 20th Century Studios’ Alien: Romulus. The film is projected to top the box office charts for the ninth time this summer, with estimates placing its fifth weekend earnings above other popular films like Deadpool & Wolverine. As of Tuesday,
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State Street has joined forces with Swiss crypto company Taurus to introduce new digital asset services catering to the rising institutional demand for such investments. This move comes as cryptocurrencies continue to gain traction within the financial system, prompting institutions to explore options for hedging inflation and diversifying their portfolios. State Street, a leading provider
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In a recent development, OpenAI announced a partnership with CondĆ© Nast that will have far-reaching implications for the future of media outlets and content creation. This collaboration will see OpenAI’s advanced AI products, including ChatGPT and SearchGPT, being utilized to display content from a variety of popular media platforms such as Vogue, The New Yorker,
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