Subway joins Dunkin, Jimmy John's, Buffalo Wild Wings in Roark Capital's stable
Roark Capital Group is slated to become the owner of Subway via an acquisition that the privately-owned chain unveiled Thursday. FOX Business takes a closer look at the private equity firm.
Subway agrees to sale to Roark Capital, ending nearly 6 decades of family ownership
Sandwich chain Subway has been owned by the families of its founders for nearly six decades, but in February announced it was exploring a possible sale.
Warren Buffett's favorite homebuilder: D.R. Horton
Warren Buffett’s Berkshire Hathaway now owns roughly 5.7 million shares of D.R. Horton, the largest homebuilder in the U.S., despite headwinds threatening the industry including rising mortgage rates.
Hawaiian Electric investors hit by Maui wildfires
Hawaiian Electric is working to restore power to thousands of residents devastated by wildfires, as well as investor confidence with shares are near a 37-year low.
Warren Buffett investing money in three US homebuilding companies
Berkshire Hathaway is putting investment dollars into three homebuilding companies despite the industry’s sluggish recovery since the pandemic, according to filing with SEC.
Global investment in AI could near $200 billion by 2025: Goldman Sachs
A report by Goldman Sachs economists projects that global private investment in artificial intelligence (AI) may rise from $91.9 billion in 2022 to $158.4 billion in 2025.
Biden bans new investments in China's high-tech industries, China slams US
President Biden on Wednesday signed an excutive order banning American investment in China's high-tech sectors to stunt development of the CCP's military.
AMC chief executive delivers warning after stock conversion rejected
AMC Entertainment CEO Adam Aron issued a warning on Twitter, saying the company could “conceivably" run out of cash over the next two years if not allowed to raise money.
DeSantis asks state to investigate AB InBev for failing shareholders by pushing ‘radical social ideologies’
Florida Gov. Ron DeSantis is instructing the executive director of the State Board of Administration to investigate Anheuser-Busch InBev for failing to uphold its duty to its shareholders.
American Airlines boosts profit outlook on record travel
American Airlines now said it expects an adjusted profit of $3 to $3.75 per share for 2023 compared with its prior outlook of $2.50 to $3.50 per share.
Investors still bearish on US economy amid slowdown fears
A Bank of America survey indicated fund managers remain bearish about the state of the U.S. economy, even as stock markets continue to march higher.
BlackRock gives proxy vote to retail investors of its biggest ETF
On Monday, BlackRock announced that U.S. retail investors of its largest exchange-traded fund will now have an opportunity to cast a proxy vote in the 2024 voting season.
Amazon to invest $7.8B more in Ohio to boost data center operations
Amazon will increase its data center operations in Ohio as part of a massive new investment in the Midwestern state by the company's cloud-computing segment.
Supreme Court rules in favor of Coinbase in arbitration clash
The U.S. Supreme Court on Friday ruled in favor of Coinbase's efforts to stop customer lawsuits while appealing to move the proceedings out of courts and into private arbitration.
Warren Buffett's Berkshire Hathaway increasing stakes in Japan trading firms
Berkshire Hathaway wholly- owned subsidiary National Indemnity Company is raising its stake in five Japanese trading firms, the company announced on Monday.
AI stock picks, leaders, laggards
David Keller, chief market strategist at StockCharts.com, pinpointed some of the AI leaders as well as those trailing behind.
North Carolina bill banning ESG in hiring, investment sent to governor’s desk
The North Carolina Senate sent a bill banning the consideration of environmental, social and governance scores in state hiring and investment decisions to the governor's desk.
China is rolling out the red carpet for US CEOs
Tesla CEO Elon Musk and JPMorgan CEO Jamie Dimon are just of several high-profile American business leaders that have recently visited China as the country aims to lure foreign investment.
Coinbase needs new CEO after SEC fail: Kevin O'Leary
Investor and Shark Tank star Kevin O’Leary says he’d get rid of Coinbase CEO Brian Armstrong and find someone willing to work with the Securities and Exchange Commission.
Binance, Coinbase CEOs' fortunes take hit after SEC crypto lawsuits
Binance CEO Changpeng Zhao and Coinbase Chief Executive Brian Armstrong have lost money since the SEC filed lawsuits against both companies earlier this week.