Monday, August 31

Business & Finance

Wendy’s (NASDAQ:WEN), a quick-service burger chain with mostly franchised restaurants, closed at $8.66. Shares rose 14.70% on reports that Nelson Peltz’s Trian Fund Management is preparing a take-private bid. Investors are watching whether a consortium forms and whether the bid advances. Trading volume reached 44.5M shares, coming in about 148% above its three-month average of…

The S&P 500’s powerful rally may look expensive, but Fidelity’s Jurrien Timmer says it carries a crucial difference from the dot-com boom: corporate earnings, rather than expanding valuations, are doing the heavy lifting. That distinction matters for investors worried that today’s market is simply repeating 1999, though elevated valuations still leave stocks vulnerable if profit…

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