Portillo’s, a renowned fast-casual restaurant chain, has been facing scrutiny by activist investor Engaged Capital regarding potential steps to enhance the company’s performance. Despite being an iconic Midwest establishment with a diverse menu, Portillo’s has struggled to maintain its stock value and operational efficiency. The company’s stock chart shows fluctuations, with its stock price hovering
Steps
The recent data breach at National Public Data, a background check company owned by Jerico Pictures Inc., has raised concerns about the exposure of personal information. While the company released details of the breach after facing a proposed class action lawsuit alleging the exposure of 2.9 billion personal records, conflicting reports suggest that the leaked
Required Minimum Distributions (RMDs) are mandatory withdrawals that individuals with pretax retirement accounts must make once they reach a certain age. These withdrawals are subjected to taxation, which can pose challenges for retirees who might not necessarily need the money. However, experts believe that RMDs present an opportunity for individuals to reassess and optimize their
Alaska Airlines has successfully navigated the regulatory landscape, clearing the U.S. Justice Department’s scrutiny for its acquisition of Hawaiian Airlines. After the initial agreement was announced eight months ago, the two carriers have now received the green light from antitrust regulators, marking a significant milestone in the merger process. With the period for investigation under
Blink Fitness, a popular budget-friendly gym chain owned by Equinox Group, has taken a major hit by filing for Chapter 11 bankruptcy protection. With over 100 fitness centers across the United States, this move marks a significant step for the company in light of the ongoing challenges posed by the pandemic. Following in the footsteps
The Federal Reserve Bank of New York recently reported that Americans now owe a staggering $1.14 trillion in credit card debt. This represents a significant increase from previous years, with the average balance per consumer standing at $6,329, up 4.8% year over year. This surge in debt is a cause for concern, as it indicates
In recent news, there has been bipartisan support for exempting Social Security from income taxes as retirees struggle to afford the basics. Former President Donald Trump and Minnesota Governor Tim Walz have both put forth proposals in this regard, sparking discussions at both federal and state levels. While Trump aims to eliminate federal income tax
SunPower, once a leading rooftop solar installer, has recently filed for bankruptcy after facing a multitude of challenges. The company’s stock plummeted by 32% to 55 cents per share, marking a staggering 90% drop in value this year. One of the primary factors contributing to SunPower’s downfall was the burden of high interest rates, which
In a groundbreaking move, Morgan Stanley has announced that it will allow its financial advisors to offer bitcoin ETFs to eligible clients, making it the first major Wall Street bank to do so. This decision marks a significant milestone in the mainstream adoption of bitcoin by the finance industry, signaling a shift towards embracing digital
McDonald’s executives have come to the realization that their prices are perceived as too high by diners, particularly lower-income consumers who are feeling the effects of years of high inflation. In a recent earnings call, executives admitted that there is room for improvement when it comes to the value they offer to customers. This acknowledgement