Jersey Mike's debuted on the New York Stock Exchange under ticker JMKE, raising about $1 billion by selling 43.5 million shares and valuing the company at $7.3 billion. The sandwich chain, with nearly 3,300 locations, is the second-largest hoagie chain in the U.S. and the largest public one. Despite shares opening at $21, below the $23 IPO price, the company's strong unit volumes and franchise model attracted investors. Jersey Mike's plans to use proceeds to pay down debt and expand internationally, aiming for 15,000 restaurants worldwide in the long term.
Bombardier reported strong Q2 2026 results with adjusted EPS of $2.50, beating estimates of $1.32, and revenue of $2.15 billion, surpassing expectations. The growth was mainly fueled by a record $674 million from its Services division, which grew 14%...
The New York Student Success Coach Learning Network (SSCLN) has launched a pilot coalition of seven organizations to expand student success coaching across New York state schools. These coaches, often AmeriCorps members aged 17-25, serve as tutors an...
ZenaTech has expanded its drone services for the Canadian oil and gas sector by acquiring Velocity Geomatics, entering a market boosted by a 45% rise in oil prices and over $500 billion in expected investments over the next decade. This growth suppor...
UBS has set a new price target of $36 for Sirius XM Holdings, suggesting a 16.35% upside from its current price of $30.94. Sirius XM reported Q2 earnings of $0.70 per share, below the $0.78 consensus but up from $0.57 a year ago, showing earnings gro...
Freddie Mac reported Q2 earnings per share of $1.19, surpassing analyst expectations of $0.89, signaling robust profitability. Although quarterly revenue was slightly below forecasts at $5.99 billion versus $6.04 billion expected, the company maintai...
