August 24, 2023

Markets Now

Subway has sold itself to a private equity firm

Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. It brings to an end the sandwich chain’s near six-decade run as a family-owned business.  
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Could Fed Chair Powell's Jackson Hole speech send stocks plunging again?

With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell’s annual speech at the Jackson Hole economic summit on Friday.  
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Why Wall Street's obsession with a company you probably never heard of is sending stocks surging

The stock market has boomed this year, and one big reason is a company without much name recognition — unless you’re a hard core video gamer.  
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Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether

Dollar Tree had a miserable quarter, and company management is chalking it up to a mix of factors: changing consumer demands on top of higher prices for fuel and electricity … and theft.  
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Saudi Arabia, UAE and Iran among six countries invited to join BRICS group

Oil powers Saudi Arabia and the United Arab Emirates have been invited to become members of the BRICS group of developing nations in its first expansion in over a decade.  
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Is America's economy really as bad as Republican presidential candidates say it is?

To hear Republican presidential candidates describe the US economy, you’d think it was in a deep recession, with growth and productivity choked off by President Joe Biden’s policies.  
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Source: CNN Business

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