Cava recently released its quarterly earnings report, exceeding Wall Street’s expectations by a significant margin. With earnings per share at 17 cents compared to an expected 13 cents and revenue reaching $233 million against the projected $220 million, the Mediterranean restaurant chain has impressed investors and analysts alike. The company reported a surge in net
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Affordable housing is a critical issue in the United States that has gained significant attention from policymakers. Vice President Kamala Harris recently unveiled her economic policy pitch, which included proposals to lower the costs of owning and renting a home in the U.S. However, the housing plans put forth by both Harris and former President
Boeing’s Starliner capsule is set to return from the International Space Station empty, leaving NASA astronauts Butch Wilmore and Suni Williams aboard SpaceX’s Dragon spacecraft for their return trip back to Earth. This decision represents a significant shift from the initial plan, where Starliner was expected to bring the astronauts home. The change in plans
Federal Reserve chair Jerome Powell recently hinted at the possibility of cutting interest rates, which would be the first time this has happened in over four years. This move is seen as a response to changes in the economy, including falling inflation rates and signs of weakness in the labor market. The market response to
When it comes to making decisions about your 401(k) contributions, it’s crucial to weigh your options carefully. Financial advisors often recommend taking advantage of all the benefits your employer offers, such as full matching contributions. However, before you rush to max out your plan account for 2024, there are several important factors to consider. One
The recent data breach at National Public Data is a major cause for concern as it potentially exposed billions of personal records to malicious actors. Reports suggest that over 2.7 billion records may have been leaked, highlighting the sheer magnitude of the breach. The compromised information includes sensitive details such as Social Security numbers, names,
Federal Reserve Chair Jerome Powell, during his address at the Fed’s annual retreat in Jackson Hole, Wyoming, hinted at potential interest rate cuts in the future. While he did not provide specific details regarding the timing or extent of the cuts, he emphasized the need for policy adjustments. Powell acknowledged that the direction towards rate
In response to the increasing spread of Covid-19 in the United States this summer, the Biden administration has announced a plan to provide free at-home Covid-19 tests to American households. This initiative aims to enhance public health safety and reduce the risk of infections as we head into the fall and winter seasons. The administration