Portillo’s is a well-known fast-casual restaurant chain in the United States, famous for its Chicago-style hot dogs and sausages, Italian beef sandwiches, burgers, salads, fries, and shakes. The company, with a stock market value of $901M, has been facing challenges in recent years despite its iconic status in the industry. Engaged Capital, a small-cap investor
Restaurants across the United States have increasingly turned to surcharges and fees as a way to offset rising costs and ensure fair compensation for their employees. According to data from the National Restaurant Association, 15% of restaurant owners implemented surcharges or fees due to higher costs. In addition, the use of service fees has more
The recent rally in U.S. stocks can be attributed to the dovish remarks made by U.S. Federal Reserve Chair Jerome Powell. Powell’s comments before the Jackson Hole Economic Symposium indicated a strong possibility of a rate cut in September. He emphasized the need to lower the Fed funds target rate, citing diminished upside risks of
The Biden administration has announced that it will be providing free at-home Covid-19 tests to American households starting in late September. These tests can be requested through COVIDtests.gov, with each household being eligible for up to four free tests. This initiative aims to help keep families safe during the upcoming fall and winter season. Importance
The recent previews for Zoë Kravitz’s Blink Twice and Lionsgate’s The Crow have left box office analysts a bit underwhelmed with the projected single-digit openings. Despite having a star-studded cast including Channing Tatum, Blink Twice only managed to bring in $820K in previews, which is quite disappointing considering the $20M budget and positive critical reviews
Chinese electric vehicle makers have been facing tariffs in the U.S., leading them to explore other markets such as Mexico. With China being the leading car supplier to Mexico last year, valued at $4.6 billion, Chinese EVs have gained popularity in the Mexican market due to their affordable price tags. Tesla’s rival, BYD, for instance,
The concept of remote work has become a prominent trend in the U.S. labor market, with economists suggesting that it is here to stay for the long haul. This work-from-home revolution has been identified as one of the significant shifts in the labor market over the past couple of decades. According to Nick Bunker, the
Australia’s bank regulator made a significant move by increasing the amount of spare cash that ANZ, the country’s third-largest lender, must hold due to suspected misconduct within its bond trading unit. This decision comes as a result of an ongoing scandal that has been growing in severity. The Australian Prudential Regulation Authority (APRA) not only
The recent rail stoppage in Canada, caused by a labor dispute between the Teamsters union and the country’s two major freight rail operators, Canadian National Railway and Canadian Pacific Kansas City, has the potential to have a significant impact on the nation’s economy. Economists and analysts have warned that if the stoppage continues for an
The artificial intelligence startup, Perplexity AI, has recently come under fire for allegations of plagiarism and content theft from various media outlets. Despite these controversies, the company is gearing up to introduce ads on its search app in the near future. Perplexity, known for its AI-assisted search capabilities, has been touting impressive download numbers and