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☆ Analysis: As the nation celebrates Juneteenth, it's time to get rid of these three myths about slavery
▼ + stars: | 2023-06-18 | by ( John Blake | ) edition.cnn.com time to read: +13 min

It marks the moment in June of 1865 when Union troops arrived in Texas to inform enslaved African Americans that they were free by executive decree. Though it commemorates a moment when enslaved African Americans were freed, the US is still held captive by several myths about slavery and people like Cummins. 1: African Americans were ‘freed’ after the Civil War endedThere is a popular conception that the formerly enslaved were freed after the Civil War ended. It is what historians call a “Slave Bible.” It is a copy of a Bible that was used by British missionaries to convert enslaved African Americans. Kin Cheung/APThe historical record shows that enslaved African Americans revitalized Christianity in other ways, historians say.

Persons: Tempie ” Cummins stoically, Cummins, “, ‘, ’ ” Cummins, gainst, Tempie Cummins, Congress Juneteenth, ” Abraham Lincoln, ” “ There’s, ”, Tobin Miller Shearer, ” Albert J, Raboteau, ’, Clint Smith, ” Smith, Smith, Susan Merritt, …, ” Merritt, Frederick Dielman, Douglas A, Caleb McDaniel, Leslie Wilson, Wilson, ” Wilson, Bunny, Uncle Remus, Joel C, Harris, Albert Murray, ” White, ” Murray, Leon Harris, ” Malcolm X, Nat Turner, Martin Luther King Jr, ” Harris, Kin Cheung, God, ” Raboteau, Juneteenth, White, John Blake Organizations: CNN, New, Library, Congress, African American Studies, University of Montana, New York Times, Former Confederate, Rusk, District of Columbia, Colored People, Montclair State University, Getty, Museum, Biola University Locations: Jasper , Texas, eavesdrop, Texas, Antebellum, Whites, Rusk Country , Texas, Sabine, District, Washington, America, New Jersey, Southern, West Africa, United States, Washington , DC, California, Lambeth, London, Israel

June 15 (Reuters) - Mediterranean restaurant chain Cava Group (CAVA.N) notched a valuation of $4.7 billion in a stellar market debut on Thursday, signaling the IPO market was gaining momentum after a lull in 2022. Shares opened at $42 apiece on the NYSE, nearly double the IPO price of $22, last up 89%. Cava sold about 14.4 million shares in the offering, raising $318 million. “We think the markets are always welcoming long-term sustainable growth stories, especially category defining brands, as we try and define the Mediterranean category,” Cava Co-founder and CEO Brett Schulman said. Cava was founded by three friends with Greek roots — Ted Xenohristos, Ike Grigoropoulos and Dimitri Moshovitis — and opened its first restaurant Cava Mezze in Rockville in 2006.

Persons: Cava, Matthew Kennedy, Johnson, Brett Schulman, Ted Xenohristos, Ike Grigoropoulos, Dimitri Moshovitis —, Morgan, Jefferies, Manya Saini, Savyata Mishra, Echo Wang, Vinay Dwivedi Organizations: NYSE, Renaissance Capital, Reuters, Rivian, ”, Restaurant Brands, Cava, Citigroup, Thomson Locations: Cava, CAVA, United States, ” Cava, Rockville, Bengaluru, Echo, New York

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more
▼ + stars: | 2023-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."

Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo

CNN —Theodore “Ted” Kaczynski, the Harvard-trained math professor who unleashed a deadly bombing campaign from a shack in rural Montana and became known as the “Unabomber,” has died, according to the Federal Bureau of Prisons. In 2021, Kaczynski was moved to the federal medical center in North Carolina, according to the bureau. Elaine Thompson/APPortrayed by prosecutors as a vengeful loner, Kaczynski published 30,000-word treatise that became known as the Unabomber Manifesto. “Justice has been done, and Theodore Kaczynski will never threaten anyone again,” Attorney General Janet Reno said in a statement at the time. Its similarity to letters he sent to his family alerted his brother, who made the decision to turn Kaczynski in.

Persons: Theodore “ Ted ” Kaczynski, ”, Kaczynski, “, ” Kaczynski, Ted Kaczynski's, Elaine Thompson, David, Michael Macor, Sally Johnson, Johnson, Judge Garland Burrell Jr, Theodore Kaczynski, ” Burrell, Susan Mosser, Burrell, he’ll, Thomas, Kelly, Hugh Scrutton, Gilbert Murray, Charles Epstein, David Gelernter, Janet Reno, ” David Kaczynski, ” Ted Kaczynski Organizations: CNN, Harvard, Federal Bureau of Prisons, Federal Medical Center, “ Staff, FMC Butner, San Francisco Chronicle, Getty, Prosecutors, University of California, Time Locations: Montana, Butner , North Carolina, North Carolina, Supermax, Florence , Colorado, Lincoln , Montana, Helena , Montana, New Jersey, Berkeley

☆ The Unabomber, who terrorized the US in a 17-year bombing spree, died today. In 1996 he was arrested after being turned in by his brother.
▼ + stars: | 2023-06-10 | by ( Emily Cohn | ) www.businessinsider.com time to read: +3 min

His brother David turned him in after reading the terrorist's manifesto. The tip that ultimately helped the FBI find and arrest Kaczynski came from his very own brother, David. "I felt a kind of chill," David recalled at the 2007 lecture. Following the arrest, authorities found a number bombs being built in Ted's cabin, one of which was addressed, intended to be sent to his next victim." After turning his brother in, David Kaczynski became an anti-death penalty activist and was the executive director of New Yorkers Against the Death Penalty from 2001 to 2012.

Persons: Ted Kaczynski, David, —, Kaczynski, David Kaczynki, Ted, David Kaczynski Organizations: Service, FBI, Cornell University, Washington Post, Cornell Daily Sun Locations: Montana, Harvard, Woodstock , New York

☆ Ted Kaczynski, better known as the Unabomber, was found dead in his prison cell
▼ + stars: | 2023-06-10 | by ( Michael Belsamo | Associated Press | ) www.businessinsider.com time to read: +9 min

The infamous Unabomber Ted Kaczynski has died at age 81. "I'm confident that I'm sane," Kaczynski told Time magazine in 1999. David Kaczynski wanted his role kept confidential, but his identity quickly leaked out and Ted Kaczynski vowed never to forgive his younger sibling. Ted Kaczynski was born May 22, 1942, in Chicago, the son of second-generation Polish Catholics — a sausage-maker and a homemaker. His brother fired him and Ted Kaczynski soon returned to the wilderness to continue plotting his vengeful killing spree.

Persons: Ted Kaczynski, David, —, — Theodore, Ted, Kaczynski, Kristie, David's, Linda Patrik, Daniel Boone, Edward Abbey, Henry David Thoreau, Sally Johnson, Hugh Scrutton, Thomas Mosser, Gilbert Murray, Charles Epstein, David Gelernter, Mosser, Susan, Timothy McVeigh, Patrik, Ted Kaczynski's, Susan Swanson, Chicago . Swanson, Clint Van Zandt, David Kaczynski, Swanson, Anthony Bisceglie, Ann Arbor, ___ Balsamo, Derek Rose Organizations: FBI, Service, WASHINGTON, Harvard, of Prisons, Associated Press, Washington Post, New York Times, Industrial Society, Its, American Airlines, Yale University, Oklahoma City, Bennington College, University of Michigan, University of California Locations: Montana, Butner , North Carolina, Florence , Colorado, West Coast, nation's, Lincoln , Montana, California, North Caldwell , New Jersey, Los Angeles, Chicago, America, Ann, Berkeley, Lincoln, Miami

☆ Inside the Wall Street internship: A 21-year-old investment-banking intern walked us through a 75-hour work week churning out pitch decks, partying in Brooklyn, and digging into ice cream at the offic
▼ + stars: | 2023-06-06 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

From late-night ice cream parties to cramming on their final project, here's a look. 8 P.M.: Back to the office to work on some slides for an upcoming public offering for a client. Afterward, I continue working on my final project. I ordered Sweetgreen while I kept plugging away on my final project. Just focusing on my final project this morning; it's due this weekend.

Persons: We're, it's, Sweetgreen, I'm, Goldman Sachs, Van, interning, Morgan Stanley, He's, Goldman Organizations: Wall, Marriott Marquis, Princeton Locations: New York, Bryant Park, Brooklyn, New York City, We're

☆ Restaurants expect strong sales this summer. Consumers aren't so sure
▼ + stars: | 2023-05-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Warmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers' minds — and wallets. In addition to higher restaurant bills, diners were also paying more at the gas pump and in grocery stores. Restaurant sales snapped back in August, which Black Box Intelligence attributed to higher consumer confidence levels as gas prices fell. Nearly half of operators surveyed by Datassential anticipate higher sales or improved traffic this summer season. Summer typically ushers in a wave of seasonal restaurant jobs to meet higher demand, particularly in the Northeast and tourist destinations.

☆ Israeli forces kill Palestinian officer in clashes, WAFA says
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +3 min

[1/3] Israeli settlers walk past structures that were erected for a new Jewish seminary school, in the settler outpost of Homesh in the Israeli-occupied West Bank May 29, 2023. REUTERS/Ronen ZvulunJENIN, West Bank, May 29 (Reuters) - Israeli forces killed a Palestinian security officer during clashes in the occupied West Bank flashpoint city of Jenin on Monday, the official Palestinian news agency Wafa said. In another part of the West Bank on Monday, Jewish settlers inaugurated a seminary in an area that has been a focus of U.S. scrutiny, drawing Palestinian condemnation. "With God's help ... there will be many more new settlements in northern Samaria," he said, referring to the West Bank by its biblical name. "Statements of condemnation are no longer enough in the face of the (Israeli) extremist right-wing government," said his spokesman Nabil Abu Rudeineh.

☆ Here’s why Shake Shack’s recent deal with Engaged Capital may have fallen short for shareholders
▼ + stars: | 2023-05-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Business: Shake Shack owns, operates and licenses Shake Shack restaurants, which offer hamburgers, chicken, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, wine and other products. Shake Shack entered a cooperation agreement with Engaged. Over the past 20 years, he and his team have developed one of the greatest casual hamburger chain restaurants in the country, Shake Shack. They took Shake Shack public in 2015 with 63 restaurants and have expanded to 436 restaurants in eight years. As a public company, Shake Shack has significantly underperformed both the market and its peers.

☆ An 'unliveable shack that must be demolished' just sold for $1.1 million in Sydney after a bidding war. It shows how messed up Australia's housing market has become.
▼ + stars: | 2023-05-24 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

An "unliveable shack that must be demolished" in a Sydney suburb just sold for $1.1 million. The Australian property market has been on a red-hot streak — home prices rose for a second straight month in April. The pricing guide was AU$1.2 million, and bidding started at AU$1.25 million, according to a video of the bidding posted on YouTube. On May 18, a "dilapidated" home in Paddington, an upscale suburb in eastern Sydney, sold for AU$1.53 million, according to a news.com.au report. There were ten bidders for the "unliveable" three-bedroom house, which had been deemed too dangerous for inspections, per the report.

His family – all 11 of them – had huddled together in their house in Sittwe, on the coast of Myanmar’s Rakhine state, as ferocious winds intensified overhead. As the water rose, the family ran to escape the storm surge but they got separated in the chaos. Sai Aung Main/AFP/Getty ImagesCrisis upon crisisWhile western Rakhine state took a direct hit from the cyclone, the UN estimates 150,000 people in the country’s northwest were also heavily affected. One resident from Magway, where around 11,000 households were affected by the storm, said her husband died in flooding caused by Cyclone Mocha. Smashed-up boats are piled up next to a broken bridge in Sittwe, in Myanmar's Rakhine state, on May 15 after Cyclone Mocha.

We'll compare the Amex Green Card, Amex Gold Card, and the Amex Platinum Card, highlighting similarities and differences to help you decide which is best for your lifestyle. Amex Green vs Gold vs Platinum: Which American Express Card Is Worth It for You? The Platinum Card, Amex Gold Card, and Amex Green Card are all good choices if you want to earn Amex points. Insider's valuations peg Amex Membership Rewards points as worth 1.8 cents each, on average, in travel. You can read our Amex Green card review for a full breakdown of the card, and our comparison of the Amex Gold and Amex Green for a closer look at the differences.

☆ Here are Friday's biggest analyst calls: Tesla, Netflix, Planet Fitness, Bloom, Wendy's, Dell & more
▼ + stars: | 2023-05-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs initiates SQM as sell Goldman said the Chilean chemical company is exposed to ongoing lithium price weakness. Cantor Fitzgerald initiates Intuitive Machines as buy Cantor said the space exploration company has a "first-mover" advantage. Credit Suisse upgrades TE Connectivity to outperform from neutral Credit Suisse said the consumer electronics company is an Inflation Reduction Act beneficiary. JPMorgan upgrades Bloom Energy to overweight from neutral JPMorgan said the selloff in the the energy company is "overdone." RBC initiates Planet Fitness as outperform RBC said it sees an attractive entry point for the gym stock.

☆ The 6 best credit cards for restaurants and dining in May 2023
▼ + stars: | 2023-05-16 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +15 min

With many options available, we’ve put together a list of the best credit cards for restaurants and dining for May 2023. Let’s look at the dining credit cards we like and why we like them. The best credit cards for dining out in MayThere’s no one card that’s best for every foodie. This is the highest return you’ll receive amongst any other credit card on this list. Find out which cards CNN Underscored chose as our best travel credit cards currently available.

☆ Shake Shack settles with activist investor, adds independent director
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

But Shake Shack said on Tuesday that Engaged Capital would support the board's full slate of directors at the 2023 annual meeting of stockholders. The company has named Jeffrey Lawrence, former finance chief at apparel retailer FIGS Inc (FIGS.N) and Domino's Pizza Inc (DPZ.N), as an independent director. It has also mutually agreed with Engaged Capital to add another director with restaurant operations experience. Engaged Capital did not immediately respond to Reuters request for additional comments. In May, Shake Shack posted a smaller-than-expected first-quarter loss, benefiting from higher prices for its menu items that offset pressures from rising prices of beef and other cost pressures.

☆ Activist investor Engaged Capital plans proxy battle at Shake Shack -WSJ
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

May 14 (Reuters) - Activist investor Engaged Capital is planning a proxy fight for three board seats at high-end burger chain Shake Shack (SHAK.N), the Wall Street Journal reported on Sunday, citing people familiar with the matter. Including swaps, Engaged has a roughly 6.6% stake in the chain, the report said. "Our stock is up more than 50% year-to-date and we are well positioned to continue enhancing value for shareholders," a spokesperson for Shake Shack said in a statement sent to Reuters. Engaged Capital did not respond to a request for comment. Reporting by Urvi Dugar in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ 'The ultimate stock pickers are activists', says 13D's Kenneth Squire after Shake Shack's stock pops
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The ultimate stock pickers are activists', says 13D's Kenneth Squire after Shake Shack's stock popsKenneth Squire, 13D Monitor founder and president, joins 'Closing Bell Overtime' to discuss the recent Wall Street Journal report that activist investors are planning a proxy battle at Shake Shack prompting the stock to jump.

☆ Stocks making the biggest moves midday: Shake Shack, Charles Schwab, Activision Blizzard and more
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Oneok shares slid 7.7%. The IRS is due to release the report this week, the Wall Street Journal reported. Activision shares added 1%, while Microsoft was little changed. The Wall Street firm said shares trade at a significant discount to peers. The Coach and Kate Spade parent has a strong valuation and long-term investment case, the Wall Street firm said.

☆ Stocks making the biggest premarket moves: Shake Shack, Charles Schwab, H&R Block, DuPont and more
▼ + stars: | 2023-05-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Charles Schwab -- Stock in the brokerage firm added 2.4% in premarket trading. SoFi Technologies -- The stock sank nearly 6% in the premarket following a downgrade by Wedbush to underperform from neutral. The Wall Street firm said SoFi's fee income may be reaching a tipping point and it may need to raise capital this year to support growth. Dupont De Nemours -- Shares added 2.7% in premarket trading after Deutsche Bank upgraded the chemical company to buy from hold. The Wall Street firm said the stock was trading at a 50% discount to its peers.

☆ Activist Shareholder Plans Proxy Battle at Shake Shack
▼ + stars: | 2023-05-14 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Shake Shack’s shares have been cut nearly in half from an early-2021 high. Photo: Scott Olson/Getty ImagesActivist investor Engaged Capital is planning to run a proxy fight for three board seats at high-end burger chain Shake Shack , according to people familiar with the matter. Including swaps, Engaged has a roughly 6.6% stake, the people said.

☆ Stocks making the biggest moves before the bell: Paramount, PacWest, Shopify & more
▼ + stars: | 2023-05-04 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. PacWest Bancorp – PacWest tumbled 37% in premarket trading after the banking company said it was considering various strategic options. Shopify – The e-commerce platform reported-better-than expected quarterly results and also announced the sale of parts of its fulfillment operation as well as its logistics division. Qualcomm – Qualcomm slumped 7.7% in premarket trading after the chipmaker issued a weaker than expected current quarter forecast, hurt by sagging smartphone sales. Qualcomm did report better than expected revenue for its latest quarter, with earnings matching Wall Street estimates.

☆ Final Trades: Shake Shack, Bunge & more
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Shake Shack, Bunge & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Stocks making the biggest moves midday: PacWest, Western Alliance, Paramount Global & more
▼ + stars: | 2023-05-04 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Paramount Global — The media stock cratered more than 27% after the company slashed its dividend and reported earnings that fell short of analyst expectations. Paramount Global cut is dividend to 5 cents from 24 cents a share, marking its first reduction since 2009. PacWest , First Horizon , Western Alliance — Regional bank stocks were under heavy pressure again on Thursday. Royal Caribbean — The cruise line advanced 6% after the company beat Wall Street expectations for the quarter. The company reported a wider overall loss than expected due to tax expenses related to an IRS settlement.

☆ Shake Shack is rolling out new plant-based menu items made using AI, including dairy-free shakes and veggie burgers
▼ + stars: | 2023-05-03 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Shake Shack is launching three plant-based menu options this week. The new items include a veggie burger and two desserts with recipes designed by AI. The fast food chain is rolling out a new Veggie Shack burger, non-dairy chocolate shake, and non-dairy frozen custard this week, each designed using AI. The new veggie burger was "born out of testing many different veggie burger iterations" and includes "mushrooms, sweet potatoes, carrots, farro, and quinoa, topped with American cheese, crispy onions, pickles and ShackSauce," Shake Shack said in a statement. NotCo also makes it own line of products including NotMilk, NotBurger, and NotChicken, and the new Shake Shack milkshake options use the company's non-dairy milk.

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