- Reuters
DR Congo names new government after months of delay
Democratic Republic of Congo has appointed a new government, spokesperson Tina Salama said in the early hours of Wednesday, ending an impasse that has mired the country in political uncertainty for months. President Felix Tshisekedi won a second term after elections in late 2023 that also handed his Sacred Union coalition a large majority in parliament. The president eventually named Judith Suminwa as Congo's first female prime minister on April 1 and his ex-chief of staff Vital Kamerhe as parliament speaker on May 22, paving the way for the appointment of the government.
- TipRanks
At 67x Earnings, Chipotle Stock (NYSE:CMG) Is a Market Anomaly
Chipotle Mexican Grill (NYSE:CMG) owns and operates over 3,400 Mexican restaurants across five different countries. Investors have bid up its shares to 67x earnings, touting the company’s growth, drive-throughs, recession-resistant demand, and balance sheet. However, at current interest rates, Chipotle’s valuation is a market anomaly. The yield on government bonds far exceeds Chipotle’s earnings yield, even into the distant future. Therefore, I’m bearish on Chipotle stock. CMG stock has gained 3
- KABC – Los Angeles
Person dies after being pinned between SUV and building in South LA
A person was killed when an SUV crashed into a building in South Los Angeles, pinning the victim between the vehicle and the wall, authorities say.
