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McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase
McDonald’s is banking on burgers and fries to tell a bigger story about the American economy. Chief executive Chris Kempczinski is slimming down the cost of the fast-food giant’s value meals as he grapples with what he calls a...
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With market on edge about Friday’s jobs report, new data confirms the economy has the fewest job openings in nearly a year
With Wall Street on edge about Friday’s jobs report for August—the first since July’s shocker, which included a massive downwards revision of jobs growth for May and June—it got another jolt on Wednesday. The JOLTS survey, a closely watched...
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No credit history? No problem − new research suggests shopping data works as a proxy for creditworthiness
If you didn’t know much about someone, would you lend them a whole lot of money? Probably not – and banks are the same way. That’s why people with no credit history often have trouble...
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From intention to impact: 3 ways men in leadership can build equitable workplaces that work for everyone
Many top-performing companies say they are committed to supporting women in the workplace, and there’s reason to believe most men want to be better allies to women as well. They just don’t know how.We are...
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Nvidia’s massive market cap is a ‘bubble risk,’ Deutsche Bank says: ‘We appear to be in uncharted territory’
US stocks slid as the S&P 500 fell 0.69% and Nvidia dropped 1.95% yesterday. Analysts warn that outsized valuations in a few tech giants (especially Nvidia) have created a concentration risk in U.S. stocks reminiscent of past bubbles.The S&P...
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U.S. pulls TSMC’s waiver for China shipments of chip supplies
The U.S. has revoked Taiwan Semiconductor Manufacturing Co.’s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing its production capabilities at that older-generation facility.American officials recently informed TSMC of their decision to end the...
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Gold Reserve Files Notice of Objection to Amber Energy Bid and Provides Update on Other Recent Filings in CITGO Sale Process
Article contentPEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) provides an update on three recent filings in the CITGO Sale Process being run by the U.S. District Court for the...
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Nestlé fired its scandal-clad CEO without a payout—a ‘really unusual’ move, corporate governance expert says
When Nestlé abruptly ousted its chief executive Laurent Freixe over Labor Day weekend after revelations of a romantic relationship with a direct subordinate, one detail stood out: He was shown the door without a severance package.That, according to corporate-governance...
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Federal judge orders Google to end exclusive search distribution deals, but won’t force Google to sell Chrome
A federal judge ruled that Google can no longer pay Apple and other companies billions of dollars in exclusive distribution deals to make its search engine the default option on their devices, according to news reports on Monday.The ruling,...
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3 reasons why Klarna’s valuation has fallen by nearly 70% from its peak just a few years ago
Klarna went from Europe’s most valuable startup to a lesson in how fast fortunes can change—and now, the long-delayed IPO is finally happening. The Swedish company turned “buy now, pay later,” or BNPL into a global catchphrase and won...
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Israel’s southern airport hit by drone fired by Yemen’s Houthi rebels
A drone fired by the Houthi militants in Yemen breached Israel's air defenses on Sunday...