Disney+ adding Hulu integration as streaming bundles accelerate
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney is beginning to roll out a Hulu integration on its Disney+ streaming platform in a bid to bundle subscribers. The full launch is expected March 2024, Disney […]
Aims to open nearly 9,000 restaurants
McDonald’s wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027. The targets are part of the fast-food giant’s long-term plans to grow sales across its already sprawling restaurant footprint. McDonald’s announced its new goals ahead of its investor day on Wednesday, as it looks to persuade […]
China’s exports rise in November, snapping 6-month decline
China’s exports beat expectations in November, ending a six-month decline stemming from weaker global appetite for the country’s goods. Exports rose 0.5% from a year earlier in November, according to data released by the General Administration of Customs on Thursday. A median forecast of economists polled by The Wall Street Journal had expected November’s exports […]
AbbVie to acquire Cerevel Therapeutics for $8.7 billion
A sign stands outside a Abbvie facility in Cambridge, Massachusetts, May 20, 2021. Brian Snyder | Reuters AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion. Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in […]
Republican debate: Christie says Trump’s China tariffs helped drive inflation
“‘ ‘You want to know what has contributed to inflation in this country? Yes, it’s more government spending. Yes, it’s the fact that we’re printing too much money. Absolutely. But it is also the increase in prices that were driven by Donald Trump’s tariffs.’” — Former N.J. Gov. Chris Christie That was former New Jersey Gov. […]
McDonald’s to open first CosMc’s spinoff restaurant this week
McDonald’s CosMc’s Restaurant. Courtesy: McDonald’s McDonald’s will open the first location of its new spinoff brand CosMc’s this week in Bolingbrook, Illinois. The fast-food giant plans to open 10 CosMc’s locations, including nine restaurants in Texas, by the end of 2024 in a test. McDonald’s will then spend a year analyzing data to decide whether […]
10,- 30-year Treasury yields end at lowest in more than three months
Treasury yields finished mixed on Wednesday, with long-dated rates slipping to their lowest since August, after data showed private-sector businesses added fewer jobs than expected last month. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 2.6 basis points to 4.601% versus 4.575% on Tuesday. Yields move in the opposite direction to prices. The […]
Wall Street CEOs say Basel 3 endgame rules will hurt Americans
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Wall Street CEOs on Wednesday pushed […]
Walmart CEO Doug McMillon talks about deflation
Holiday shoppers are turning to Walmart for groceries and gifts, but CEO Doug McMillon said it’s hard to predict how sales will look in the months after the peak shopping season. In an interview with Sara Eisen that aired Wednesday on CNBC’s “Squawk on the Street,” the leader of the world’s largest retailer said higher […]
Oil prices on track for fifth straight loss
Oil futures fell on Wednesday, putting it on track for a fifth straight losing session after U.S. data showed a hefty weekly climb in domestic gasoline inventories. Traders also continued to weigh the prospects that OPEC+ will follow through with its voluntary production cuts in the first quarter of the new year. Price action West […]
