Shares of the salad chain surged 34% Friday after the company’s revenue beat analysts’ expectations during its fiscal first quarter.
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May 11, 2024May 11, 2024Finance
Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
Jim Simons, a legendary mathematician who founded quantitative hedge fund Renaissance Technologies, passed away on Friday.
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May 11, 2024May 11, 2024Finance
Target says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids
The retailer said it would be selling its Pride merchandise in a select number of stores and that apparel from the collection this year will be for adults only.
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May 11, 2024May 11, 2024Finance
The rule capping credit card late fees at $8 is on hold — here’s what it means for you
The outcome preserves, at least for now, a key revenue stream for the U.S. card industry. The CFPB said the rule would’ve saved Americans $10 billion a year.
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May 11, 2024May 11, 2024Finance
Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more
These are the stocks posting the largest moves in midday trading.
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May 9, 2024May 9, 2024Finance
Russia does not rule out LNG exports stagnating in next 4 years
Reuters exclusively reported that Russia’s liquefied natural gas exports could stagnate in the next four years under the two less-rosy of three Economy Ministry scenarios – a sign that Western sanctions might be cramping Moscow’s energy plans. The post Russia does not rule out LNG exports stagnating in next 4 years appeared first on Reuters...
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May 9, 2024May 9, 2024Finance
UAE planning second nuclear power plant
Reuters exclusively reported that the United Arab Emirates will tender shortly for the construction of a new nuclear power plant that would double the number of the small Gulf state’s nuclear reactors. The post UAE planning second nuclear power plant appeared first on Reuters News Agency.
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May 9, 2024May 9, 2024Finance
UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive
Reuters exclusively reported that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining empire. The post UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive appeared first on Reuters...
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May 9, 2024May 9, 2024Finance
Venezuela to accelerate cryptocurrency shift as oil sanctions return
Reuters exclusively reported that Venezuela’s state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country. The post Venezuela to accelerate cryptocurrency shift as oil sanctions return appeared first on Reuters News Agency.
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May 9, 2024May 9, 2024Finance
Stocks making the biggest moves midday: Uber, Intel, Lyft, Shopify, Rivian and more
These are the stocks posting the largest moves in midday trading.