McDonald’s menu items cost 40% more than in 2019 on average, exec says
A sign is posted in front of a McDonald’s restaurant in San Leandro, California, Feb. 6, 2024. Justin Sullivan | Getty Images A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price […]
How to play the AI-powered robotics revolution? Tesla, Nvidia and Amazon are good starters.
The robots are coming, and they’ll run on AI. Companies behind these technologies will win big.
New women’s pro basketball league Unrivaled nets star investors
Napheesa Collier #24 of the Minnesota Lynx shoots a free throw during the game against the New York Liberty on May 25, 2024 at Target Center in Minneapolis, Minnesota. Jordan Johnson | National Basketball Association | Getty Images A new women’s basketball league has attracted a star-studded roster of investors from the media and sports […]
April pending home sales hit lowest level since start of pandemic
A “sale pending” sign is posted in front of a home for sale in San Anselmo, California, on Nov. 30, 2023. Justin Sullivan | Getty Images News | Getty Images Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of […]
‘My peers have 10 to 20 times more set aside for retirement’: I’m 67 and have $100,000 saved. I want to retire in three years. Can I do it?
“I’m estimating an income of $3,500 to $3,700 per month from Social Security, and around $750 a month from a pension.”
Consumers, businesses have turned cautious
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan. Whether it’s households or small- to medium-sized businesses, Bank of America clients are slowing down the rate of purchases made for everything from hard goods to software, Moynihan […]
First crewed launch of Boeing’s Starliner spacecraft scrubbed as another delay hits historic mission
The launch of Boeing Co.’s Starliner was scrubbed just minutes before what would have been the first crewed flight of the spacecraft Saturday, marking the latest in a series of delays for the historic mission.
Foot Locker (FL) earnings Q1 2024
Foot Locker’s turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount. The company also reaffirmed its fiscal year guidance, which projects sales to be between a 1% decline and a 1% gain, […]
Gen Z says they’re on track for retirement — but they might be overconfident
The youngest workers believe they’ll be able to retire earlier than previous generations. But earlier generations have run into problems — and so will they.
Yotta CEO says 85,000 bank accounts locked
Oscar Wong | Moment | Getty Images When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of deep pain for thousands of customers who […]
