Portillo’s, a renowned fast-casual restaurant chain in the United States, is known for its iconic Chicago-style hot dogs, Italian beef sandwiches, and chocolate cake shakes. Established over 60 years ago, the company has a strong presence in the Midwest, offering a menu that sets it apart from its competitors. However, despite its success in Chicago,
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The cost of attending college is skyrocketing, with some institutions now approaching the six-figure mark for a single academic year. Schools like New York University, Tufts, and Yale are among those with a sticker price of more than $90,000, and projections suggest that this amount could exceed $100,000 by 2026. This steep increase in tuition
In recent years, the federal government has been cracking down on individuals with seriously delinquent tax debts by revoking or limiting their passports. This enforcement mechanism, which has been in place since 2018, serves as a last resort to collect unpaid tax levies according to experts. Should taxpayers fail to resolve their debt, they may
As the financial world anxiously awaits Federal Reserve Chair Jerome Powell’s policy speech, it is clear that the market has already made up its mind. The Fed is expected to begin cutting rates in September, with the trend likely to continue into 2025. While there is still some speculation about the scale and frequency of
Cava, the Mediterranean restaurant chain, has recently reported a surge in foot traffic, leading to better-than-expected quarterly earnings and revenue. This strong performance has prompted the company to raise its full-year outlook. In the latest quarter ending July 14, Cava reported an earnings per share of 17 cents, surpassing Wall Street’s expectations of 13 cents.
Edgar Bronfman Jr.’s bid for a controlling stake in Paramount Global is sending shockwaves through the industry, as it could potentially keep Shari Redstone closely tied to the company. The offer, if successful, would allow Redstone to remain involved with Paramount as a non-executive chairman, as per sources familiar with the matter. With $6 billion
The stock market has been highly influenced by retail earnings in recent times. Companies like Target and TJX reported positive numbers, leading to significant boosts in stock prices. However, the situation was not as promising for Macy’s, which experienced a nearly 13% drop in its stock value. These contrasting results indicate a level of uncertainty
The Inflation Reduction Act has been a catalyst for significant investment in the manufacturing and clean energy sectors across the United States. The enactment of the IRA has led to a surge in manufacturing activity and clean energy projects, totaling billions of dollars in investments. Companies have announced large-scale investments in clean energy technologies and
Affordable housing is a key component of the opportunity economy that Vice President Kamala Harris has recently outlined. She emphasized the importance of making homeownership more accessible in the U.S. during a speech in Raleigh, North Carolina. Harris proposed the construction of 3 million new housing units, both for rent and for sale, over the
Last week, Fed Chairman Jerome Powell’s speech at Jackson Hole provided investors with the news they were waiting for. Powell mentioned the possibility of interest rate cuts, which resulted in the market expecting cuts totaling 100 basis points by the end of the year. The CME FedWatch tool predicts a 25-basis-point cut in September, a