Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in the three months that ended April 20, lifted by traffic growth of 7.5%. Analysts surveyed by StreetAccount were projecting same-store sales growth of 10.3%. ...
The Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would allow the plane-maker to avoid a guilty plea. Boeing agreed to plead guilty in the case last summer in a deal with the Justice Department after the Biden administration found earlier that ...
Coinbase Global (NASDAQ:COIN), one of the world’s largest crypto exchanges, has announced an investment in Stablecorp to bring QCAD — a Canadian dollar-denominated stablecoin — to Canadians. The announcement was made in Toronto at the Blockchain Futurist Conference, where it was presented during a fireside chat by Lucas Matheson, Canada country director at Coinbase, and Alex McDougall, CEO of Stablecorp. ...
Here’s a quick recap of the crypto landscape for Friday (May 16) as of 4:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$104,223 as markets closed, up 1 percent in 24 hours. The day’s range for the ...
As CERN scientists transform lead into gold, questions over the long-term value of the precious metal are dotting the financial markets. CNBC crypto trader Ran Neuner argues that Bitcoin will be the winner over bullion in the race to become the ultimate safe-haven asset. Bitcoin To Dominate As CERN Experiment Threatens Gold Scarcity CNBC crypto trader Ran Neuner has pitched ...
XRP has its sights on recovering its losses over the last week, with investors’ enthusiasm reaching a fervent pitch. Amid the belief for a near-term correction, cryptocurrency exchange BitMEX has ignited a further wave of optimism for a higher XRP price. XRP Price Targets Correction As BitMEX Teases Major Announcement After a string of languid price performance over the last ...
The ongoing meme coin crash is wreaking havoc across top tokens. Dogecoin (DOGE), Shiba Inu (SHIB), and the TRUMP meme coin all recorded steep losses in the last 24 hours. The broader crypto market selloff appears to be triggering a wave of volatility, with meme coins being hit the hardest. While this drop is part of the overall crypto market ...
Shiba Inu (SHIB) faces a volatile weekend, with price recording an intraday loss of 6% on Saturday to trade at $0.0000143 at press time. Despite the dip, on-chain metrics and a strong technical hint that the Shiba Inu coin will likely form an upward breakout to $0.000045. Shiba Inu Price Drops 6% Today Amid Meme Coin Pullback Shiba Inu Coin ...
Russia has sentenced an Australian man to 13 years in a maximum-security prison for fighting alongside Ukrainian forces, state prosecutors in the Russian-controlled parts of eastern Ukraine said Friday. Oscar Jenkins, 33, was found guilty by a court in Luhansk of participating in an armed conflict as a mercenary, prosecutors said in a statement, after it ruled he had fought ...
Hundreds of supporters of ex-President Evo Morales marched toward Bolivia’s top electoral court on Friday to push for their leftist leader’s candidacy in presidential elections later this year, a rally that descended into street clashes as police tried to clear out a group of demonstrators. The confrontations come in response to a ruling by Bolivia’s Constitutional Court that blocks Morales, ...
We’ve all heard the classic market maxim, “Sell in May and go away.” For many investors, that’s the introduction to market seasonality that suggests a six month period where it’s just best to avoid stocks altogether. Through my own experience, complemented with interviews with seasonality experts like ” We’ll dig deeper into the history of “Sell in May,” analyze summer ...
Looking for breakout stocks and top market leaders? Follow along Mary Ellen shares stock breakouts, analyst upgrades, and sector leadership trends to help you trade strong stocks in today’s market. In this week’s episode, Mary Ellen reveals the stocks leading the market higher and explains what’s fueling their strength. She highlights base breakouts, analyst upgrades, and leadership stocks gaining momentum. ...