A $12 Trillion's Industry Moral Divide Is Taking Shape With RAAA's Launch
There's a bit of a moral divide developing in the ETF industry.
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Craveworthy becomes investor and managing partner of Gregorys Coffee
Multi-restaurant platform company Craveworthy Brands has announced its investment and partnership with Gregorys Coffee, a speciality coffee company based in New York City. The collaboration includes as partners Branded Hospitality, Harborfield Management, Everstar Asset Management and Kitchen Fund. Craveworthy Brands founder and CEO Gregg Majewski stated: 'The human element is at the core of everything we do at Craveworthy, and Gregorys is a brand with a true heartbeat. 'Gregory has built something special: a cult following, a craft product and a clear identity. Our role is to protect that, while layering in the operational firepower to grow thoughtfully. 'There are so many Gregs involved in this partnership - it really feels destined we'd end up partnering with a brand called Gregorys.' Established in 2006, Gregorys is known for its pastries and a food programme curated by an in-house registered dietitian, alongside a selection of rotating limited-edition coffees. The company operates more than a50 locations in the US. The partnership marks a new growth phase for Gregorys, combining its coffee approach with Craveworthy's hospitality-driven mission and operational proficiency. Gregory Zamfotis, the founder of Gregorys, will continue to lead the brand as president. Craveworthy will oversee core business functions such as operations and training, while allowing Gregorys to maintain its distinctive identity. Craveworthy plans to franchise Gregorys in the fourth quarter of this year, leveraging its resources to expand the brand with qualified entrepreneurs across the country. The company's roastery will remain central to operations, providing fresh coffee roasted to order for all locations. Zamfotis stated: 'We built this family-oriented coffee brand for people who hustle hard and expect quality, without compromise. Our 'Gregulars,' our baristas, our roasters, our bakers, everyone is part of this story.' "Craveworthy becomes investor and managing partner of Gregorys Coffee" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
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The Wendy's Company net income rises to $55.1m in Q2 2025
The Wendy's Company has reported a net income of $55.1m for the second quarter (Q2) of 2025, an increase of 0.9% compared to $54.6m a year previously. The company attributed the net income increase to a rise in operating profit, partially offset by a reduction in other income. For Q2 ended 29 June 2025, total revenues stood at $560.9m, a decrease of 1.7% compared to $570.7m in the previous year. The decrease in total revenues was due to lower US company-operated restaurant sales, lower franchise royalty revenue and advertising funds revenue. In Q2 2025, the company reported global systemwide sales of $3.7bn, a 1.8% decrease. This decline was primarily due to lower same-restaurant sales in the US segment. In Q2 2025, the company's operating profit was $104.3m - up by 4.8% from $99.5m in the same quarter a year ago. The increase was due to a decrease in the company's investment in advertising spend, lower reorganisation and realignment costs and general and administrative expense. Its diluted earnings per share and adjusted earnings per share were $0.29 in Q2 2025, an increase of 7.4%. During Q2 2025, the company added 26 net new restaurants. The Wendy's Company interim CEO Ken Cook stated: 'In the second quarter, we continued to expand our global footprint, adding 44 new restaurants, bringing our total additions to 118 in the first half of the year. 'We're also encouraged by the strong momentum in our International business, which delivered 8.7% systemwide sales growth in the quarter and continues to offer excellent expansion opportunities. 'In the US, we have work to do to improve the overall performance of the business. We will continue to strengthen relationships with franchisees, improve the effectiveness of our marketing programmes and elevate the customer experience across the system.' "The Wendy's Company net income rises to $55.1m in Q2 2025" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump Bid for Cut of Nvidia, AMD Revenue Risks ‘Dangerous World'
(Bloomberg) -- Even in an administration that has repeatedly pushed the legal limits of using economic statecraft to reshape the global business landscape, a new deal with two tech giants is raising alarm bells among trade experts. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis Three Deaths Reported as NYC Legionnaires' Outbreak Spreads A New Stage for the Theater That Gave America Shakespeare in the Park Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms Nvidia Corp. and Advanced Micro Devices Inc. agreed to pay the US government 15% of revenue from some chip sales to China. The chips — Nvidia's H20 AI accelerator and AMD's MI308 chips — were earlier banned by the Trump administration and require export licenses to sell. 'To call this unusual or unprecedented would be a staggering understatement,' said Stephen Olson, a former US trade negotiator now with the Singapore-based ISEAS – Yusof Ishak Institute. 'What we are seeing is in effect the monetization of US trade policy in which US companies must pay the US government for permission to export. If that's the case, we've entered into a new and dangerous world.' The chip-payment arrangement is the latest legally questionable, heavy-handed government intervention into business since US President Donald Trump returned to the Oval Office in January. Along with his chaotic tariff campaign and persistent criticism of a sitting Federal Reserve chairman, Trump has used his Truth Social platform for everything from calling on CEOs to resign to offering commentary on corporate advertising campaigns. Trump's transactional policy approach saw him approve the sale of United States Steel Corp. to Japan's Nippon Steel Corp. in a $14.1 billion deal that included caveats such as agreeing to US national security rules and a 'golden share' for the US government. Japan, South Korea and the European Union all pledged to invest billions in the US, helping secure tariff rates of 15%, while companies such as Apple Inc. have also skirted levies by promising to invest hundreds of billions of dollars. The Nvidia and AMD revenue-sharing deals may now prompt the White House to target other industries and goods, according to Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore. 'The sky is the limit,' she said. 'You could come up with all sorts of company-specific, country-specific combinations that would say, 'No one else can trade, but if you pay us directly, then you get the ability to trade.'' Although Nvidia and AMD agreed to the terms, there are questions about the legality of the agreement, Elms said. The arrangement looks like an export tax, which is forbidden by the US Constitution. The Trump administration is already in the midst of a lawsuit related to his use of the International Emergency Economic Powers Act to levy what he called 'reciprocal' tariffs on the world. On Friday, Trump warned of a 'GREAT DEPRESSION' if US courts ruled that his tariffs were illegal. Chips are at the heart of the US-China battle to dominate industries of the future such as AI and automation. The Biden administration restricted the sale of advanced chips to China, prompting Nvidia to develop the H20, which skirted such restrictions. Trump administration officials tightened export controls in April by barring Nvidia from selling the chips without a permit. Last month, however, the White House decided to allow Nvidia and AMD to resume sales of chips designed specifically for the Chinese market, which are several rungs below the most advanced artificial intelligence accelerators. Commerce Secretary Howard Lutnick said the administration wanted Chinese developers 'addicted' to American technology. China has grown increasingly hostile to the idea of Chinese firms deploying the H20, particularly after the US called for the chips to be installed with tracking technology to better enforce export controls. Yuyuantantian, a social media account affiliated with state-run China Central Television that regularly signals Beijing's thinking about trade, on Sunday slammed the chip's supposed security vulnerabilities and inefficiency. Still, Chinese companies could use the H20s because domestic firms can't produce enough AI chips to meet demand. That potentially provides an opportunity for Nvidia and AMD to sell more — and now for the US government to earn additional revenue as well. Trump has yet to extend a 90-day trade truce between the US and China, which is set to expire on Aug. 12. Lutnick said last week that the detente was 'likely' to continue as the world's biggest economies continue to engage in talks ahead of a possible meeting between Trump and Chinese President Xi Jinping later this year. 'There's clearly a shift by the administration to take a lighter national security stance as these negotiations are ongoing,' said Drew DeLong, lead in geopolitical dynamics practice at Kearney, a global strategy and management consulting firm. China Draws Red Lines on US Chip Tracking With Nvidia Meeting While the US has intervened before, including by taking stakes in private companies after the 2008 financial crisis, a similar deal like the one struck with Nvidia and AMD is hard to remember and — without proper oversight — could lead to a 'crony capitalism state,' according to Scott Kennedy, senior adviser at the Center for Strategic and International Studies in Washington. 'It represents a huge shift in the way the American economy is supposed to operate,' Kennedy said. 'It won't make anyone happy except maybe the Chinese, who will get their chips and watch the US political system go through gyration and domestic tensions.' The Game Starts at 8. 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