Jersey Mike's stock falls 2% in public market debut after pricing shares at $23
Jersey Mike's priced its initial public offering at $23 per share.
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Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.
Why popular airplanes are getting scrapped years early
Airplanes are getting dismantled for parts years ahead of schedule because engines and other components are in short supply.
Restaurant earnings will test whether owning more brands pays off
Shares of companies with multiple restaurant brands like Brinker and Darden are outperforming single-chain stocks like McDonald's and Chipotle.
American Express is cutting 5% of its workforce
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.