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Texas Roadhouse’s mixed results capture the conundrum this stock has become

Texas Roadhouse’s mixed results capture the conundrum this stock has become

Texas Roadhouse on Thursday evening reported mixed second-quarter results as elevated beef prices weighed on profitability. Still, the company posted strong comparable sales and said the ongoing third quarter was off to a great start, offsetting some fears around higher input prices. Revenue in the quarter ended July 1 increased 12.8% year over year to…

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Tesla VP Pete Bannon developing chip tech, Dojo supercomputer leaving

Tesla VP Pete Bannon developing chip tech, Dojo supercomputer leaving

Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed. Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers…

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