Sandwich chain Jersey Mike’s files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike’s has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway.
Premier Lacrosse League plans to bring in team owners by 2028 ‘or soon thereafter,’ co-founder says
Paul Rabil told CNBC he’s banking on the 2028 Los Angeles Summer Games, where lacrosse will return as an Olympic sport, to shine a spotlight on the PLL.
Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand
Ford said its EV sales fell by 40.7% during the quarter compared with a year earlier, while sales of its F-Series trucks, including the F-150, declined 11%.
Tesla stock sinks 7% despite strong deliveries report, posting worst day in nearly a year
Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against CEO Elon Musk.
Microsoft commits $2.5 billion and 6,000 employees to new AI implementation unit
Microsoft is the latest tech company to form a business focused on helping customers understand and implement artificial intelligence.
U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise by 115,000 in June and the unemployment rate to hold steady at 4.3%.
Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter
Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
Meta’s push into cloud computing means Wall Street has to prepare for lower margins
Meta appears poised to enter the cloud computing market in an effort to monetize its massive AI infrastructure.
AI agents will soon be able to match human traders, Robinhood CEO tells CNBC
Vlad Tenev spoke about the potential of AI agents in trading in an interview with CNBC.
Google loses fight over record $4.7 billion EU antitrust fine
In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android’s mobile dominance.
