What you need to know on Wall Street today
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Roark Capital is buying Buffalo Wild Wings for $2.9 billion - a 34% premium over the company's valuation before Roark began bidding for it in mid-November.
The private-equity firm, which also owns Cinnabon and engineered a breathtaking comeback for Arby's, is betting it can do the same for the struggling chicken and sports bar chain.
In Wall Street meets Washington news, JPMorgan says there's still a fortune to be made betting on tax reform. Here are the GOP senators who could still derail the tax push.Jerome Powell, President Donald Trump's nominee to replace Janet Yellen as Fed chair, faces a grilling today in his Senate confirmation hearing - he faces two big questions, according to Business Insider's Pedro da Costa.
Two Berkeley grads are using AI to make stock-buying decisions - and it could change investing forever. Deutsche Bank is hiring an ex-Goldman Sachs partner to run its global equities business, part of a growing investment in the firm's US presence.
TV ad spending is down - but not for the reason you think.
Elsewhere:
- Americans spent a record $6.6 billion on Cyber Monday - here's what they bought.
- Emerson Electric has pulled its $29 billion offer for Rockwell Automation.
- The 'immature' global bitcoin market is ripe for arbitrage.
- NOVOGRATZ: 'Bitcoin could be at $40,000' by end of next year.
- Wall Street billionaire Stanley Druckenmiller sold his 20-acre estate for $25 million.
- A top hedge fund recruiter explains how founders can make sure they hire the best talent.
Lastly, here are the 21 hot cars we can't wait to see at the 2017 LA Auto Show.