16 hours ago
Consumers just can't catch a break. According to Friday's Consumer Price Index report from the Bureau of Labor Statistics (BLS), inflation is holding steady as surging gas prices empty shoppers' wallets.
But that's not all. Year-over-year data about household debt paints a dim picture of the state of consumer finances. However, this week's home sales report offers a silver lining, showing it might be a good time to buy a house.
More from WWD
Back-to-School Resale Meets Its Toughest Customer: Children
Cautious Consumers Seen Spending More this Holiday Shopping Season
#consumers #report #price
But that's not all. Year-over-year data about household debt paints a dim picture of the state of consumer finances. However, this week's home sales report offers a silver lining, showing it might be a good time to buy a house.
More from WWD
Back-to-School Resale Meets Its Toughest Customer: Children
Cautious Consumers Seen Spending More this Holiday Shopping Season
#consumers #report #price
9 days ago
October WTI crude oil (CLV26) is up +1.38 (+1.52%) today, and October RBOB gasoline (RBV26) is up +0.0282 (+0.91%).
Crude oil and gasoline prices are moving higher today, with crude oil posting a new 6-week high. Crude prices are climbing as the US-Iran conflict continues with no end in sight, prolonging disruptions to energy flows through the Strait of Hormuz. Crude oil also found support from today's decline in the dollar to a 1-week low.
A Potential **** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
Fears of an Extended US-Iran Conflict Boost Crude Oil Prices
Nat-Gas Prices Rise on Hotter US Weather and Expectations of Smaller Storage
#prices #october #today
Crude oil and gasoline prices are moving higher today, with crude oil posting a new 6-week high. Crude prices are climbing as the US-Iran conflict continues with no end in sight, prolonging disruptions to energy flows through the Strait of Hormuz. Crude oil also found support from today's decline in the dollar to a 1-week low.
A Potential **** eX Deal Could Meaningfully Accelerate Growth for Technip Stock
Fears of an Extended US-Iran Conflict Boost Crude Oil Prices
Nat-Gas Prices Rise on Hotter US Weather and Expectations of Smaller Storage
#prices #october #today
9 days ago
Sept 02, 2026, 1:45 pm EDT
Palantir Technologies
PLTR
+7.71%
was pacing toward its worst day in seven months on Wednesday in the absence of any appreciable news. It was far from the only software stock taking a beating.
PLTR
+7.71%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#jones #company #pacing
Palantir Technologies
PLTR
+7.71%
was pacing toward its worst day in seven months on Wednesday in the absence of any appreciable news. It was far from the only software stock taking a beating.
PLTR
+7.71%
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
#jones #company #pacing
11 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Bill Gates helped put a computer on nearly every desk. Now, the Microsoft co-founder is warning that artificial intelligence could leave many of those desks empty.
"Many jobs will disappear forever," Gates wrote in a sweeping new essay (1) about the risks and opportunities created by AI.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#gates #Microsoft #jeff
Bill Gates helped put a computer on nearly every desk. Now, the Microsoft co-founder is warning that artificial intelligence could leave many of those desks empty.
"Many jobs will disappear forever," Gates wrote in a sweeping new essay (1) about the risks and opportunities created by AI.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#gates #Microsoft #jeff
13 days ago
Humana is exiting Medicare Advantage plans affecting 600,000 members in 2027, with federally required non-renewal notices dated October 2.
Federal law grants a guaranteed-issue Medigap right when an MA plan exits, barring insurers from rejecting applicants or charging more for pre-existing conditions.
Before accepting any replacement Advantage plan, members should price Medigap Plan G and verify new coverage includes their doctors, drugs, and hospitals.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A Humana (NYSE: HUM) Medicare Advantage (MA) member could open the mail in early October and discover that coverage ending December 31 will not be back next year. Humana told investors in July that targeted 2027 exits will affect approximately 600,000 members.
#plan #medicare
Federal law grants a guaranteed-issue Medigap right when an MA plan exits, barring insurers from rejecting applicants or charging more for pre-existing conditions.
Before accepting any replacement Advantage plan, members should price Medigap Plan G and verify new coverage includes their doctors, drugs, and hospitals.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
A Humana (NYSE: HUM) Medicare Advantage (MA) member could open the mail in early October and discover that coverage ending December 31 will not be back next year. Humana told investors in July that targeted 2027 exits will affect approximately 600,000 members.
#plan #medicare
19 days ago
Palo Alto Networks (PANW) is set to release its fiscal Q4 earnings on Sept. 1. Since my last Barchart article, when I set a $402.88 price target, **** ysts have raised their revenue forecasts. The new PANW PT is $433, 21% higher. This article will show why.
PANW closed at $357.87 on Friday, Aug. 21. That's down from a peak of $394.42, close to my prior PT, on Aug. 13. It could move significantly higher over the next year.
Soros Fund Management Opened a New Position in Nebius During Q2. What This Means for NBIS Stock.
Nvidia Earnings, Jackson Hole and Other Key Things to Watch this Week
Ahead of Nvidia Earnings, Here's What Barchart Data Says Comes Next for NVDA Stock
#next
PANW closed at $357.87 on Friday, Aug. 21. That's down from a peak of $394.42, close to my prior PT, on Aug. 13. It could move significantly higher over the next year.
Soros Fund Management Opened a New Position in Nebius During Q2. What This Means for NBIS Stock.
Nvidia Earnings, Jackson Hole and Other Key Things to Watch this Week
Ahead of Nvidia Earnings, Here's What Barchart Data Says Comes Next for NVDA Stock
#next
20 days ago
Nvidia (NASDAQ: NVDA) currently sits around a $5.25 trillion market cap -- a fair bit over second-place Apple at a $4.5 trillion market cap. However, I think this gap will widen quickly, and it all starts this week after Nvidia reports second-quarter earnings on Aug. 26.
After that, I believe that Nvidia's stock will produce a major rally, and lead to it being valued at greater than a $6 trillion valuation by the end of 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That makes it a no-brainer buy before earnings, as that indicates about a 14% upside -- about double what Nvidia's stock has returned so far this year. Nvidia looks like a smart buy now, and is destined to set new records after Q2 results are available.
With Nvidia, exceeding expectations has become the norm. For Q4 FY 2026, Nvidia expected $65 billion in revenue; it ended up producing $68 billion. For Q1 FY 2027, management guided for $78 billion, yet Nvidia generated $82 billion. This level of outperformance has become the expectation, and with Nvidia projecting $91 billion in revenue for Q2, most investors are likely expecting something in the $93 billion to $94 billion range. Why is that a big deal? Because during Q2 of last year, Nvidia generated $46.7 billion in revenue, which would require revenue of $93.4 billion to double its revenue year over year.
#NVIDIA #billion #double #flashing
After that, I believe that Nvidia's stock will produce a major rally, and lead to it being valued at greater than a $6 trillion valuation by the end of 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That makes it a no-brainer buy before earnings, as that indicates about a 14% upside -- about double what Nvidia's stock has returned so far this year. Nvidia looks like a smart buy now, and is destined to set new records after Q2 results are available.
With Nvidia, exceeding expectations has become the norm. For Q4 FY 2026, Nvidia expected $65 billion in revenue; it ended up producing $68 billion. For Q1 FY 2027, management guided for $78 billion, yet Nvidia generated $82 billion. This level of outperformance has become the expectation, and with Nvidia projecting $91 billion in revenue for Q2, most investors are likely expecting something in the $93 billion to $94 billion range. Why is that a big deal? Because during Q2 of last year, Nvidia generated $46.7 billion in revenue, which would require revenue of $93.4 billion to double its revenue year over year.
#NVIDIA #billion #double #flashing
24 days ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Avantium still wants to make the plastic bottle of the future. The problem is that the future keeps needing more time, more commissioning work and more shareholder cash.
Avantium now expects commercial deliveries from its FDCA flagship plant in Delfzijl, the Netherlands, to begin at the end of this year.
The plant is designed to produce FDCA, the key building block for PEF, Avantium's plant-based and circular polymer marketed under the Releaf brand. Its technology converts plant-based sugars into FDCA, which can then be used to make PEF for bottles, packaging, fibers and specialty applications.
The company said the oxidation unit at the Delfzijl plant has been successfully commissioned, following the start-up of utility systems and the sugar dehydration unit. Commissioning work on the purification unit is being finalized.
#commissioning #based
Avantium still wants to make the plastic bottle of the future. The problem is that the future keeps needing more time, more commissioning work and more shareholder cash.
Avantium now expects commercial deliveries from its FDCA flagship plant in Delfzijl, the Netherlands, to begin at the end of this year.
The plant is designed to produce FDCA, the key building block for PEF, Avantium's plant-based and circular polymer marketed under the Releaf brand. Its technology converts plant-based sugars into FDCA, which can then be used to make PEF for bottles, packaging, fibers and specialty applications.
The company said the oxidation unit at the Delfzijl plant has been successfully commissioned, following the start-up of utility systems and the sugar dehydration unit. Commissioning work on the purification unit is being finalized.
#commissioning #based
30 days ago
(Bloomberg) -- OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, according to people familiar with the matter, roughly doubling its run rate from the end of 2025 and bolstering the company's plans for a Wall Street debut.
Most Read from Bloomberg
Anthropic in Talks to Buy AI Startup Decart for $6 Billion
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#bloomberg #billion #openai #decart
Most Read from Bloomberg
Anthropic in Talks to Buy AI Startup Decart for $6 Billion
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Phoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn't Drive
#bloomberg #billion #openai #decart
1 month ago
Shares of Doximity (NYSE: DOCS) surged on Friday after management highlighted the remarkable returns it was beginning to realize on its artificial intelligence (AI) investments.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Doximity's revenue rose 7% year over year to $156.6 million in its fiscal 2027 first quarter, which ended on June 30.
Yet its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 6% to $74.8 million. The digital networking, news, and telehealth platform for healthcare professionals is spending aggressively to develop its AI tools.
Those investments are beginning to pay off in a big way, according to CEO Jeff Tangney.
#first
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Doximity's revenue rose 7% year over year to $156.6 million in its fiscal 2027 first quarter, which ended on June 30.
Yet its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 6% to $74.8 million. The digital networking, news, and telehealth platform for healthcare professionals is spending aggressively to develop its AI tools.
Those investments are beginning to pay off in a big way, according to CEO Jeff Tangney.
#first
1 month ago
Last Updated: Aug. 7, 2026 at 8:12pm ET
Updated 2026년. 8월 7일 오후 4:50 New York 시간
By
Caitlin McCabe
,
#caitlin
Updated 2026년. 8월 7일 오후 4:50 New York 시간
By
Caitlin McCabe
,
#caitlin
1 month ago
SpaceX releases its second-quarter earnings late Tuesday, marking the rocket-maker's first report since its public debut in June. The results should detail the Starbase, Texas-based company's accelerating launch programs, Starlink growth and artificial intelligence developments. The report arrives as SPCX stock last week fell to post-IPO lows.
Beyond financial figures and performance metrics, **** ysts and investors await updates from Elon Musk regarding a potential merger between **** eX and Tesla (TSLA). In addition, roughly 20% of locked-up insider shares will open to potential sale on Aug. 6.
Analysts expect **** eX (SPCX) to report a loss of 23 cents per share on $6.88 billion in revenue, according to FactSet.
For Q1, **** eX recorded a loss of $1.27 per share on $4.69 billion in sales, according to the S-1 filing.
Analysts expect artificial intelligence segment sales to primarily drive the quarter-over-quarter revenue growth. FactSet predicts AI revenues jump to $2.18 billion from $818 million in Q1.
#analysts #artificial
Beyond financial figures and performance metrics, **** ysts and investors await updates from Elon Musk regarding a potential merger between **** eX and Tesla (TSLA). In addition, roughly 20% of locked-up insider shares will open to potential sale on Aug. 6.
Analysts expect **** eX (SPCX) to report a loss of 23 cents per share on $6.88 billion in revenue, according to FactSet.
For Q1, **** eX recorded a loss of $1.27 per share on $4.69 billion in sales, according to the S-1 filing.
Analysts expect artificial intelligence segment sales to primarily drive the quarter-over-quarter revenue growth. FactSet predicts AI revenues jump to $2.18 billion from $818 million in Q1.
#analysts #artificial
1 month ago
Some stock drops look like bad news on the surface. Some are, yes, but some also tell a completely different story underneath.
And I think American Express (AXP) investors have been handed the latter. The payments giant beat earnings expectations, raised its full-year revenue guidance, and reported its strongest card member spending growth in three years. The stock fell anyway.
This kind of reaction can frustrate shareholders and even confuse casual observers. But for "Mad Money" host Jim Cramer, it's a pattern he's seen before, and one he thinks is creating a clear opening.
I think it's a terrific opportunity in one of the best-run companies on earth.
American Express CEO Steve Squeri echoed that confidence in the company's Q2 2026 earnings statement, noting: "Six months into the year, we're seeing stronger momentum than we expected."
#Stock #year #money #steve
And I think American Express (AXP) investors have been handed the latter. The payments giant beat earnings expectations, raised its full-year revenue guidance, and reported its strongest card member spending growth in three years. The stock fell anyway.
This kind of reaction can frustrate shareholders and even confuse casual observers. But for "Mad Money" host Jim Cramer, it's a pattern he's seen before, and one he thinks is creating a clear opening.
I think it's a terrific opportunity in one of the best-run companies on earth.
American Express CEO Steve Squeri echoed that confidence in the company's Q2 2026 earnings statement, noting: "Six months into the year, we're seeing stronger momentum than we expected."
#Stock #year #money #steve
2 months ago
OKLO trades just 11% above its 52-week low, yet our $97.74 BUY target implies 121% upside over the next 12 months.
OKLO's $7.22 billion market cap dwarfs SMR's $3 billion, with CEG underscoring the steep execution premium Oklo must earn through commercial startup.
Oklo's bull case projects $170 by July 2027, but $0 FY2024 revenue, non-binding LOIs, and 19% short interest limit near-term conviction.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oklo Inc. didn't make the cut. Grab the names FREE today.
Oklo (NYSE:OKLO) has been one of the most volatile bets on the AI nuclear thesis. After a punishing pullback, our model sees room to run. Shares closed at $44.13 on July 21, 2026, well off the $193.84 52-week high.
#billion #fy2024 #free
OKLO's $7.22 billion market cap dwarfs SMR's $3 billion, with CEG underscoring the steep execution premium Oklo must earn through commercial startup.
Oklo's bull case projects $170 by July 2027, but $0 FY2024 revenue, non-binding LOIs, and 19% short interest limit near-term conviction.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Oklo Inc. didn't make the cut. Grab the names FREE today.
Oklo (NYSE:OKLO) has been one of the most volatile bets on the AI nuclear thesis. After a punishing pullback, our model sees room to run. Shares closed at $44.13 on July 21, 2026, well off the $193.84 52-week high.
#billion #fy2024 #free
2 months ago
Shares of Micron Technology (NASDAQ: MU) have jumped by more than 7x over the past year, driven by phenomenal growth in the company's revenue and earnings.
However, Micron stock has fallen out of favor with investors lately. It has pulled back 29% since hitting a 52-week high on June 25. This sharp drop is unrelated to the company's financial performance, as it continues to benefit from the ongoing memory shortage. Investors, however, have been rotating out of memory stocks lately, which explains the drop in Micron's shares.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As a result, it won't be surprising to see Micron management going for a stock split this year. Let's see why that may be the case.
A stock split is a cosmetic move that increases or decreases the number of outstanding shares of a company while keeping the market capitalization constant. A forward stock split is the most common type of stock split, increasing the outstanding share count and lowering the price per share.
#split
However, Micron stock has fallen out of favor with investors lately. It has pulled back 29% since hitting a 52-week high on June 25. This sharp drop is unrelated to the company's financial performance, as it continues to benefit from the ongoing memory shortage. Investors, however, have been rotating out of memory stocks lately, which explains the drop in Micron's shares.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As a result, it won't be surprising to see Micron management going for a stock split this year. Let's see why that may be the case.
A stock split is a cosmetic move that increases or decreases the number of outstanding shares of a company while keeping the market capitalization constant. A forward stock split is the most common type of stock split, increasing the outstanding share count and lowering the price per share.
#split
2 months ago
Taiwan Semiconductor Manufacturing (TSM) reported second-quarter earnings Thursday. And while the market seemed to shrug off a very solid earnings report, the company announced its plan to invest another $100 billion in its foundries in Arizona.
The declaration, made during the company's earnings call with ***** ysts, brings TSMC's total investment in Arizona to $265 billion in up to 12 separate facilities.
Mark Cuban Says If You've Got $100,000, You'll Get The 'Best Guaranteed' ROI Buying Bulk Toothpaste & Soup — Put the Rest in the Bank, 'Let It Earn Nothing'
Micron Is Signing Deals in the Automotive ***** e. What That Means for MU Stock Here.
5% Bond Returns Are a Gift for Retirement Investors. My Favorite Way to Invest in Treasurys Lets You Earn a Paycheck No Matter What the Market Does.
The declaration, made during the company's earnings call with ***** ysts, brings TSMC's total investment in Arizona to $265 billion in up to 12 separate facilities.
Mark Cuban Says If You've Got $100,000, You'll Get The 'Best Guaranteed' ROI Buying Bulk Toothpaste & Soup — Put the Rest in the Bank, 'Let It Earn Nothing'
Micron Is Signing Deals in the Automotive ***** e. What That Means for MU Stock Here.
5% Bond Returns Are a Gift for Retirement Investors. My Favorite Way to Invest in Treasurys Lets You Earn a Paycheck No Matter What the Market Does.
2 months ago
On Holding AG (NYSE:ONON) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.
On July 2, 2026, JPMorgan resumed coverage of On Holding AG (NYSE:ONON) with an Overweight rating and $51 price target. JPMorgan also placed the shares on "Positive Catalyst Watch." The firm sees potential for above-consensus Q2 results and additional guidance increases, adding that On's momentum should continue. JPMorgan also said the stock's risk/reward is more attractive after the selloff over the last 12 months.
On June 26, On Holding AG (NYSE:ONON) co-founder Olivier Bernhard told Bloomberg in an interview that the company plans to expand into football.
Copyright: halfpoint / 123RF Stock Photo
In May, On Holding AG (NYSE:ONON) reported Q1 CHF 0.37, compared with CHF 0.21 last year. The company also reported Q1 CHF 831.9M, compared with CHF 726.6M last year. Founder and Co-CEO Caspar Coppetti called Q1 an "outstanding start" to the year and said it was another proof point of the company's premium strategy. Coppetti also said that On is becoming more global, more multi-dimensional, and more rooted in different communities around the world.
On July 2, 2026, JPMorgan resumed coverage of On Holding AG (NYSE:ONON) with an Overweight rating and $51 price target. JPMorgan also placed the shares on "Positive Catalyst Watch." The firm sees potential for above-consensus Q2 results and additional guidance increases, adding that On's momentum should continue. JPMorgan also said the stock's risk/reward is more attractive after the selloff over the last 12 months.
On June 26, On Holding AG (NYSE:ONON) co-founder Olivier Bernhard told Bloomberg in an interview that the company plans to expand into football.
Copyright: halfpoint / 123RF Stock Photo
In May, On Holding AG (NYSE:ONON) reported Q1 CHF 0.37, compared with CHF 0.21 last year. The company also reported Q1 CHF 831.9M, compared with CHF 726.6M last year. Founder and Co-CEO Caspar Coppetti called Q1 an "outstanding start" to the year and said it was another proof point of the company's premium strategy. Coppetti also said that On is becoming more global, more multi-dimensional, and more rooted in different communities around the world.
2 months ago
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2 months ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A 46-year-old single mother working full time recently posed a question that resonates with millions of Americans: What are the most realistic ways to generate an extra $2,000 to $3,000 a month in passive income?
She explained in a recent Reddit post that she finishes work fairly early each day and has a few evening hours available.
"I know that true passive income usually takes time and effort upfront, so I'm not looking for a 'get rich quick' scheme," she wrote. "I'd rather learn a skill or build something that can grow over time and help me cover unexpected bills and give me a little more financial security.
The responses offered a reality check that many people need to hear.
A 46-year-old single mother working full time recently posed a question that resonates with millions of Americans: What are the most realistic ways to generate an extra $2,000 to $3,000 a month in passive income?
She explained in a recent Reddit post that she finishes work fairly early each day and has a few evening hours available.
"I know that true passive income usually takes time and effort upfront, so I'm not looking for a 'get rich quick' scheme," she wrote. "I'd rather learn a skill or build something that can grow over time and help me cover unexpected bills and give me a little more financial security.
The responses offered a reality check that many people need to hear.
2 months ago
The artificial intelligence boom has become something larger than a technology cycle. It has evolved into a capital spending race where every major cloud provider feels compelled to build faster than its rivals.
Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), and Meta Platforms (META) are collectively on pace to spend roughly $757 billion on capital expenditures in 2026, according to Goldman Sachs Group (GS), with much of that directed toward AI infrastructure. That spending has fueled explosive growth for chipmakers like Nvidia (NVDA), but cracks are beginning to appear.
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
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Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), and Meta Platforms (META) are collectively on pace to spend roughly $757 billion on capital expenditures in 2026, according to Goldman Sachs Group (GS), with much of that directed toward AI infrastructure. That spending has fueled explosive growth for chipmakers like Nvidia (NVDA), but cracks are beginning to appear.
Broadcom's Largest AI Customer Is Fleeing to MediaTek. AVGO Stock Is Still a Buy.
Nasdaq Futures Plunge as Samsung Sparks Chip Selloff
Mark Cuban Asks What If You Didn't Need Health Insurance — And Hospitals Just Treated You, Then Took 10% of Your Pay?
2 months ago
Kevin Carter/Getty Images
Blackstone has moved to exit another of its top-performing portfolio companies, this time iconic American sandwich chain Jersey Mike's Subs.
The New Jersey-based business, known as much for its subs as it is for its ******* ociation with actor and superfan Danny DeVito, filed an S-1 with the Securities and Exchange Commission on Thursday, paving the way for a debut on the New York Stock Exchange under the ticker "JMKE."
The number of shares on offer and the price range have yet to be disclosed.
Proceeds will be used, in part, to pay down a portion of the $760 million of debt the company took on earlier this year to refinance existing borrowings from 2019 and 2021, to make debt repayments and to fund a dividend payout to its sponsor, Blackstone, according to the filing.
Blackstone has moved to exit another of its top-performing portfolio companies, this time iconic American sandwich chain Jersey Mike's Subs.
The New Jersey-based business, known as much for its subs as it is for its ******* ociation with actor and superfan Danny DeVito, filed an S-1 with the Securities and Exchange Commission on Thursday, paving the way for a debut on the New York Stock Exchange under the ticker "JMKE."
The number of shares on offer and the price range have yet to be disclosed.
Proceeds will be used, in part, to pay down a portion of the $760 million of debt the company took on earlier this year to refinance existing borrowings from 2019 and 2021, to make debt repayments and to fund a dividend payout to its sponsor, Blackstone, according to the filing.