5 things to know before the stock market opens Friday

Summary

Investors await Federal Reserve Chairman Jerome Powell's speech in Jackson Hole, Subway is selling itself to private equity firm Roark Capital, the U.S. Department of Justice sues SpaceX over alleged unfair employment practices, AI startup Hugging Face raises $235 million in funding, and former President Donald Trump surrenders and is booked at the Fulton County jail in Georgia on state charges related to the 2020 presidential election.

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8/24/2023

Subway sells itself to Dunkin' owner Roark Capital

Private equity firm Roark Capital is acquiring Subway, marking the end of the sandwich chain's family ownership and potentially signaling a new era for the struggling company.