McDonald’s franchisee group cheers $5 value meal, pushes for more
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, on April 9, 2020. David Paul Morris | Bloomberg | Getty Images An independent advocacy group of McDonald’s franchisees is weighing in on the company’s upcoming value meal promotion, cheering affordability for the consumer, but pushing […]
Short seller alleges misleading investors
A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn’t the online-only retailer it’s claimed to be. The firm, Ningi Research, published a 50-page report that details a slew of allegations against the newly public retailer, including that it runs a fleet of stores in Israel […]
Macy’s is trying to listen to its customers more. The efforts are showing signs of working.
Macy’s reported quarterly results as its customers, still grappling with higher-priced groceries and other necessities, remain selective about the clothing and home goods that they buy. The company’s rivals are still cutting prices to spur demand.
Disney’s Pixar lays off 14% of workforce
A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S. Bloomberg | Getty Images Long-expected layoffs are hitting Pixar Animation Studios today. Pixar will lay off about 175 employees, or around 14% of the studio’s workforce, a spokesperson for parent company Walt Disney told CNBC. The cuts come as […]
The six most surprising things that happened at Trump’s hush-money trial
With the conclusion of testimony, it was David Pecker, Stormy Daniels and Michael Cohen who provided fireworks as Trump seethed in the courtroom
Lowe’s (LOW) Q1 2024 earnings
An exterior view of a Lowe’s home improvement store at the Buckhorn Plaza shopping center. Paul Weaver | Lightrocket | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items. The home improvement retailer’s results echoed those of Home Depot last week. Home Depot […]
Yellen says U.S. wants to diversify, not decouple, from China
Treasury Secretary Janet Yellen said the U.S. is trying to diversify but not decouple from China, a week after a series of new tariffs were introduced.
Hims & Hers weight loss adds compounded GLP-1 injections
Products of Hims & Hers displayed. Hims & Hers Digital pharmacy startup Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections, the company announced Monday. Shares of the company closed up more than 27% Monday. The company, which offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair […]
Wendy’s will offer $3 breakfast meal deal after McDonald’s value meal
An exterior view of a Wendy’s fast-food restaurant in Bloomsburg, Pennsylvania, on May 19, 2024. Paul Weaver | SOPA Images | Getty Images Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out. The deal will include a […]
Americans must pay higher taxes if they want to keep a high standard of living
Financial challenges face the next U.S. president — but one candidate’s remedies would be a ‘train wreck.’
