Olive Garden said it plans to continue raising menu prices — even as top executives admitted sales fell in the latest quarter as inflation-hit customers pulled back. Olive Garden’s same-store sales — or sales at stores open at least a year, a closely watched metric — fell 1.5% in the quarter ended May 26 — … Read more
That’s The Takeaway from this morning’s Brief, which you can do register to receive in your inbox every morning along with: Nvidia (NVDA) posted its 43rd record close on Tuesday, bringing its return to 2024 close to 175%. Unfortunately, passive investors who rely on mutual funds and ETFs as investment vehicles have not been able … Read more
After the June 19 holiday, Wall Street reopened on a cautious note, as the S&P 500 and Nasdaq 100 indexes fell after hitting all-time highs around midday trading in New York. That decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which eased risk sentiment. of iShares Semiconductor ETF SOXX fell 2.4%, … Read more