People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue expectations for the fiscal first quarter and raised its full-year forecast. The salad chain also announced earlier this week an expansion to add meat to its menu for the first time. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. Revenue jumped 26% from $125.1 million in the year-earlier period. The company reported a net loss of $26.1 million, a loss of 23…
Author: insighter
Nationwide, students have organized protests over the Israel and Gaza conflict, urging their colleges to divest holdings of Israeli-connected investments. But participation in a protest could lead to steep — and long-lasting — consequences, including criminal charges and loss of financial aid. Though free speech is a protected right, protestors can be arrested. The Appeal, a nonprofit news organization, estimates nearly 2,500 campus protestors have been arrested nationwide since April 17. But arrest isn’t the only potential consequence. For example, Washington University temporarily suspended 23 students after they set up an encampment and were arrested for trespassing. Three Vanderbilt University…
Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86. He died Friday in New York City, according to his charitable foundation, which didn’t cite a cause. In turning from academia to investing as he entered his 40s, Simons eschewed standard practices of money managers in favor of quantitative analysis — finding patterns in data that predicted price changes. His technique was so successful that he became known as the Quant King. At Renaissance, located about 60 miles east of Manhattan in quiet East…
“It’s definitely an earthquake.” That’s how American diplomat Richard Haass described the stunning declaration by U.S. President Joe Biden that his administration would stop supplying certain weapons to Israel if it went ahead with a planned invasion of Rafah in the Gaza Strip. “This was building up for a while, and Rafah was the straw that broke the camel’s back,” Haass, former president of the Council on Foreign Relations and policy advisor during the George W. Bush administration, said in an interview with Israeli newspaper Haaretz. “There’s real skepticism in the administration that Rafah will bring about a deal for…
Jim Simons attends IAS Einstein Gala honoring Jim Simons at Pier 60 at Chelsea Piers in New York City. Sylvain Gaboury | Patrick Mcmullan | Getty Images Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind a track record at Renaissance Technologies that bested legends such as Warren Buffett and George Soros. His flagship Medallion Fund enjoyed annual returns of 66% during a period from 1988 to 2018, according to…
By late spring, homebuying season is in full swing. And right when all the good listings start popping up, so does summer wanderlust — especially if you were cooped up all winter. House hunting can be exhausting, especially in today’s competitive market. So if you need a vacation, are you throwing away your shot at success? Karen Wilder, a real estate agent with Mott & Chace Sotheby’s International Realty in Charlestown, Rhode Island, doesn’t think so. “Sometimes, it can be the best thing for your search for you to just take a little time off,” she says. If you want…
Nintendo is bringing more diversity to its board of directors. The video game giant, in its most-recent earnings report, announced plans to appoint three women to the board. Miyoko Demay, Eiko Osawa and Keiko Akashi were named as anticipated new directors, with a planned start date of June 27. If approved, they will join Asa Shinkawa, who became the first woman to join Nintendo’s board in 2020. Prior to that, no women had been a part of the company’s senior management since its founding in 1889. Demay is a long-time senior executive at Tiffany & Co.’s Japan offices, having served…
The Chase Sapphire Preferred® Card is a midlevel travel credit card with some solid benefits and points-earning potential, along with a $95 annual fee. But does the Chase Sapphire Preferred® Card get you into airport lounges? The short answer is no. The Chase Sapphire Preferred® Card does not include any type of Priority Pass membership or regular entrance into Chase Sapphire Lounges or other airline-specific clubs. If you want to stay within the Chase family of cards and you’re looking for lounge access, you’ll need the Chase Sapphire Reserve® card instead. But don’t write off getting the Chase Sapphire Preferred®…
Police confront environmental activists in a forest near the Tesla Gigafactory electric car factory near Gruenheide, Germany, May 10, 2024. Axel Schmidt | Getty Images Climate protesters angry about Tesla’s plans to expand its Berlin-Brandenburg Gigafactory in Germany tried to break into the plant on Friday, according to a statement from local police. “Multiple unauthorized people are trying to enter the ground of the Tesla factory,” Brandenburg police said via X Friday. “We are in the process of preventing this.” “The situation is dynamic,” a Brandenburg police spokesperson told CNBC Friday, adding that there have been multiple roadblocks in…
Cazoo’s growth was spectacular, even for a tech platform. The British used car startup achieved unicorn status only months after launching in 2019. High demand for second-hand vehicles helped deliver a $7 billion valuation when Cazoo listed via a SPAC at the New York Stock Exchange in 2021, making it one of the most valuable tech startups in Europe. It was a big milestone for the British auto industry—and indeed, the rest of Europe, to which it sold cars—even if the company’s listing was across the Atlantic. But Cazoo’s dream run didn’t last very long. In a complete reversal of…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The key May art sales at major auction houses are expected to be down from last year, as wealthy buyers and sellers take a breather from the frenzied prices of 2021 and 2022. Art auction sales at Christie’s, Sotheby’s and Phillips over the next two weeks are expected to total $1.2 billion, down 18% from a year ago and nearly half the total for the May 2022 sales,…
George Bush International Airport (also known as Houston Intercontinental) isn’t the city’s only major airport facility, but still ranks among the nation’s busiest in terms of passenger traffic. Ongoing construction and renovations have impacted lounges in the Houston airport in recent years. Here’s what you need to know about all the Houston lounges airport goers can visit, including location, how to gain access and what you can expect once you’re there. About Houston airport lounges Houston Intercontinental is a hub for United Airlines, and serves dozens of other carriers on domestic and international routes. The facility has five terminals (A,…