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Categories Business

McDonald’s exec says average menu item costs 40% more than in 2019

Author May 31, 2024

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

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Categories Business

Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue

Author May 30, 2024

Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot to value

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Categories Business

Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause

Author May 30, 2024

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks

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Categories Business

Weekly mortgage demand drops to three-month low as rates begin climbing again

Author May 30, 2024

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what

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Categories Business

Why everyone is suddenly talking about Nvidia, the nearly $3 trillion-dollar company fueling the AI revolution

Author May 30, 2024

The business world is increasingly banking on artificial intelligence to be the next big thing, and has found itself turning to one

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Categories Business

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal

Author May 30, 2024

Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s stores, some of

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Categories Business

American Eagle profit soars, but sales grow slower than expected

Author May 30, 2024

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still,

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Categories Business

Global debt has grown to $315 trillion this year — here’s how we got here

Author May 30, 2024

The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been

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Categories Business

Stellantis CEO says $25,000 Jeep EV coming to the U.S. ‘very soon’

Author May 30, 2024

Stellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. “very soon” to better attract mainstream consumers amid slower-than-expected electric vehicle

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Categories Business

FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison

Author May 30, 2024

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half

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