McDonald’s to start focus groups with owners as part of civil rights audit
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC McDonald’s will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC. The fast food giant retained WilmerHale law firm to conduct the […]
RTX to take $3 billion charge on Pratt & Whitney engine problem, shares tumble 8%
Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | Reuters RTX said Monday that an engine manufacturing flaw in its Pratt & Whitney unit that is forcing accelerated inspections will hit its pretax results […]
Australia’s consumer confidence mired in worst sustained slump on record
SYDNEY — Australian consumer confidence is in the worst sustained slump on record, according to a weekly survey by the ANZ Bank and pollster Roy Morgan. Consumer confidence fell 1.1 points over the week, completing six consecutive months below 80 points, something never before seen in the data. The weaker outcome comes despite the Reserve […]
DraftKings sorry for 9/11 bet offer on New York teams
In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images Sports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York teams won on the 22nd anniversary […]
Dow heads for third day of gains ahead of coming inflation, retail-sales data
U.S. stock indexes remained higher in Monday’s final hour of trading, boosted by producers of luxury items and services including Tesla, as investors await inflation and retail sales data later this week to help guide the Federal Reserve’s interest-rate policy. How stock indexes are trading The Dow Jones Industrial Average DJIA advanced 83 points, or 0.2% […]
FDA approves new shots from Pfizer, Moderna
A health-care worker prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at a vaccination clinic in the Peabody Institute Library in Peabody, Massachusetts, Jan. 26, 2022. Vanessa Leroy | Bloomberg | Getty Images The Food and Drug Administration on Monday approved updated Covid vaccines from Pfizer and Moderna, putting the shots on track to reach […]
Telesat buys SpaceX launches for Lightspeed internet satellites
A rendering of Telesat’s low earth orbit broadband constellation. Telesat PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. Elon Musk’s SpaceX signed a hefty deal with satellite operator Telesat, the companies announced Monday. The agreement covers 14 launches of the Canadian venture’s Lightspeed internet satellites. Telesat […]
Treasury yields rise as Japan’s 10-year rate reaches highest in roughly a decade
Treasury yields were slightly higher Monday morning after Bank of Japan Gov. Kazuo Ueda hinted at a possible end to negative interest-rate policy. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose less than 1 basis point to 4.991% from 4.982% on Friday. Yields move in the opposite direction to prices. The yield on […]
Treasury yields rise as Japan’s 10-year rate reaches highest in roughly a decade
Treasury yields were slightly higher Monday morning after Bank of Japan Gov. Kazuo Ueda hinted at a possible end to negative interest-rate policy. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y rose less than 1 basis point to 4.991% from 4.982% on Friday. Yields move in the opposite direction to prices. The yield on […]
Musk biographer changes account of disabling Ukraine drone attack
Walter Isaacson said his description of Elon Musk’s decision not to allow his satellite system to be used by Ukraine for an intended attack on a Russian fleet was misstated in the biography of the billionaire he authored. Isaacson, in an excerpt of his book “Elon Musk” published in the Washington Post, had said Musk […]
