Author: Daniel snow
Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday.Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.”Since its founding in a Los Angeles parking lot in 2017, the fast-growing chicken chain has expanded to more than 300 locations by franchising its restaurants. Dave’s U.S. sales soared 57% last year and surpassed $600 million, according to data from market research firm Technomic.Roark’s investment follows a boom for chicken-focused restaurants, fueled by the so-called…
The leading AI maker wants its signature product to be much more than a useful chatbot. That could change our daily work and home lives forever. Source link
Trump announced on Friday the new steel and aluminum levies, which take effect on June 4, intensifying a global trade war. Source link
Joni Ernst tried a Trump move after her viral Medicaid comments. But she forgot the key thing about Trump: He never looks as though he’s trying too hard. Source link
Mohamed Sabry Soliman, man accused of attacking a rally supporting Israeli hostages in Boulder, Colorado.Obtained by NBC NewsFederal prosecutors on Monday charged the suspect in a fire attack on demonstrators in Boulder, Colorado, with a charge of hate crime.A criminal complaint filed against the suspect, Mohamed Sabry Soliman, said there is probable cause to believe he attacked the demonstrators because they were supporting Israel in calling for the release of hostages by the Palestinian terror group Hamas.Law enforcement officials are on scene to investigate an attack on the Pearl Street Mall in Boulder, Colorado on June 1, 2025. Helen H.…
Retirees may be able to change their minds on receiving Social Security benefits, but there are stipulations. Source link
The psychiatrist Robert Jay Lifton and other readers reflect on the troubling times of President Trump. Also: Thieving chatbots. Source link
Chinese cloud providers have been big buyers of U.S. artificial-intelligence hardware. Jefferies analysts are upbeat that the trend can continue despite trade-war pressures. Source link
The low-cost vehicle was expected to supercharge Tesla sales, but Elon Musk canceled it. Source link
JPMorgan Chase & Co.’s chief executive, Jamie Dimon, came out on Monday with another warning about the bond market that some observers said could prompt more investors to look around the world and at other asset classes for protection. Source link