Business

Jersey Mike’s files for an IPO

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💥 Discover this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: In this illustration, a Jersey Mike's mug is displayed outside a Jersey Mike's restaurant on April 21, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesSandwich chain Jersey Mike's filed for an IPO on Thursday, reporting that its same-store sales cumulatively rose 50% from 2020 through 2025.Jersey Mike's plans to trade on the New York Stock Exchange under the symbol "JMKE."The company reported net income of $55 million on total revenue of $724 million last year, up from net income of $5 million on…

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The cost of used electric cars is increasing amid the Iran war and rising gas prices

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💥 Check out this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Tesla EVs are recharged at a Tesla Supercharger station on July 2, 2026 in South Pasadena, California. Mario Tama | Getty ImagesDETROIT – The Iran war and rising gas prices in the United States have increased demand for used electric vehicles, making used cars more expensive, according to Cox Automotive.The Mannheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at wholesale auctions in the U.S. — rose 12% last month compared to June 2025, the company reported Wednesday.…

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Trump Freedom 250 sponsors include companies with federal business

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💥 Check out this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: WASHINGTON — On the National Mall this week, Freedom 250 signs directed visitors toward temporary state pavilions, a Ferris wheel, and mobile and traveling history exhibits. Sponsors' names appeared next to Trump-aligned programs. Some countries were represented by official delegations. Others have chosen not to participate, leaving replacement displays or stripped booths in place.As the country prepares to celebrate its semicentennial, or its 250th birthday, the most spectacular celebrations in Washington are being shaped by corporate money.A CNBC analysis found that 14 companies support…

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Delta launches ‘essential business’ without lounge access and seat selection

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🚀 Explore this trending post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A Delta plane heads into Terminal A shortly before a deep orange winter sunset at Boston Logan International Airport in Boston, Massachusetts, on December 22, 2025. Austin Desisto | norphoto | Getty ImagesDelta Airlines It divides the front of the plane into smaller groups, creating a new "basic" fare for business and first class that comes without perks such as free seat selection and airport lounge access.The carrier follows United Airlineswhich made a similar change earlier this year to Polaris' long-haul business class and other…

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Luxury real estate sales in Manhattan are flat

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✨ Check out this insightful post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Central Park Tower, left, and One57 Tower, center, along Billionaire Boulevard in New York, May 1, 2026.Michael Nagel | Bloomberg | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide for the high-net-worth investor and consumer. subscription To receive future issues, directly to your inbox.A month after a tax on second homes was passed in New York City, luxury real estate sales remain strong and inventory is declining, according to brokers and analysts.When New…

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Ford achieves a milestone in quality, and aims to launch new cars free of defects

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💥 Explore this awesome post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Ford Motor CEO Jim Farley speaks during the 2025 Ford Expedition launch event in Louisville, Kentucky, on April 30, 2025.Michael Weiland | CNBCDETROIT — ford motor It regularly promotes itself as a cornerstone of American truck manufacturing, business, and driving with its best-selling F-Series pickup trucks, but it also led the U.S. in one area it's not proud of: vehicle recalls and quality issues.It has plagued the Detroit automaker's profits, eroded customer confidence and tarnished Ford's reputation for much of the past decade. The automaker…

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The credit card lounge battle at American Express and Chase is moving beyond the airport

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🚀 Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Airport lounge - without security check or boarding pass. Credit card companies American Express and Chasing They are increasingly waging luxury lounge wars outside the airport. From an air-conditioned retreat in the middle of the desert at Coachella to an exclusive sporting meet at the Paris Olympics, these companies are investing heavily in premium hospitality spaces to attract wealthy cardholders. “It's very expensive, but I think what happens is issuers find this to be a premium differentiation,” said Donald Vanditti, managing director of consumer…

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Versant buys golf simulation company Full Swing for $530 million

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🚀 Explore this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Versant Media GroupAmazon, owner of cable networks including CNBC, MS NOW and Golf Channel, has agreed to acquire golf simulation company Full Swing from private equity firm Bruin Capital for about $530 million in cash.The deal follows a model that CEO Mark Lazarus has set for investors since Versant began trading as a public company in January following its spinoff from Versant. Comcast. Versant invests in non-traditional media companies that expand the brands it already owns. Earlier this year, the company acquired StockStory, an AI-powered…

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Record heat and crowds lead to an international travel boom in the off-season

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🚀 Check out this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Fed up with the heat, crowds and rising prices, more American travelers are discovering the international travel season — and airlines and hotels are struggling to make a windfall.Flights to once-seasonal European vacation destinations begin when there is still snow on the ground in the U.S. and end when the leaves are falling, if they end at all, rather than following the traditional late spring to late summer travel seasons.For example, American AirlinesThe journey to Edinburgh, Scotland, from New York began in March. United…

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Klarna is seeking a US banking charter to push things beyond buy now, pay later

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🚀 Read this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Sebastian Siemiatkowski, CEO and co-founder of Swedish fintech Klarna, gives an interview with CNBC during the company's initial public offering on the New York Stock Exchange in New York, September 10, 2025.Brendan McDiarmid | ReutersKlarnaThe Swedish fintech company, known for its buy-now-pay-later offerings, said Monday it has applied to federal and state regulators to set up a U.S. banking subsidiary.If approved, Klarna Bank USA will be an FDIC-backed institution headquartered in Utah, the company said. The proposed bank will be led by Gary Harding, former…

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