Sandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years

Sandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years

In this photo illustration, a Jersey Mike’s cup is displayed outside of Jersey Mike’s restaurant on April 21, 2026 in Los Angeles, California. Justin Sullivan | Getty Images Sandwich chain Jersey Mike’s filed for an initial public offering on Thursday, reporting that its same-store sales cumulatively climbed 50% from 2020 through 2025. Jersey Mike’s plans…

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Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Defense stocks plummet after Germany to scrap warship plans; Rheinmetall stock down 13%

Defense stocks plummeted on Wednesday after a report that Germany will abandon plans to build six warships, fuelling investor fears that the boost to defense contractors from increased government spending may not fully materialize. Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times, citing two people…

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Apollo curbs withdrawals after exit requests hit 17%, reigniting fears over private credit liquidity

Apollo curbs withdrawals after exit requests hit 17%, reigniting fears over private credit liquidity

Apollo is halting investor redemptions in its main retail-focused private credit fund after it was rocked by a near-17% spike in withdrawal requests during the second quarter. The private markets giant said it will cap withdrawals at 5% of shares in the Apollo Debt Solutions vehicle, after investors rushed to pull out about $2.4 billion, or…

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