You’re never too old for a Happy Meal, or at least that’s what McDonald’s is banking on.   The fast food juggernaut this week announced plans to introduce adult-oriented meals — complete with a free toy — in an initiative designed to work off of the nostalgia of the...
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Shares of the iconic sports car brand initially traded at 84 euros ($81) on Thursday morning after they had been priced at the top end...
LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following criticism by some investors and environmentalist groups that the company is transitioning too slowly to EVs.   Toyota CEO Akio Toyoda, who has built a corporate strategy...
A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated standards and adjustments to how the company evaluates potential new restaurant operators, according to a letter seen by CNBC. The National Franchisee Leadership Alliance said in a letter to owners Wednesday...
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers...
Amazon is raising its hourly wages for its warehouse and delivery workers, the company announced Wednesday. Beginning in October, Amazon’s average starting pay for front-line employees in the U.S. will be bumped up to more than $19 per hour from $18 per hour, the company said. Warehouse and delivery workers will...
LONDON — The Bank of England will suspend the planned start of its gilt selling next week and begin temporarily buying long-dated bonds in order to calm the market chaos unleashed by the new government’s so-called mini-budget. Yields on U.K. government bonds, known as “gilts,” were on course for their...
The S&P 500 fell deeper into a bear market on Tuesday after setting a new 2022 low, while the benchmark 10-year Treasury yield continued to climb to levels not seen in at least a decade. The broader...
DETROIT – General Motors is conducting damage control around its return-to-office plans after a Friday afternoon message to employees spurred backlash and confusion. The company’s senior leadership team on Friday said corporate workers would be required to...
The U.S. Transportation Department on Tuesday said it approved electric vehicle charging station plans for all 50 states, Washington, D.C., and Puerto Rico covering roughly 75,000 miles of highways. Earlier this year, the Biden administration allocated $5...
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