Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In prepared remarks and responses to lawmakers’ questions…
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McDonald’s aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027
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…
Swiss bank will pay $122.9 million after helping U.S. citizens hide billions in assets
A private Swiss bank will pay $122.9 million in back taxes and penalties after admitting it helped clients hide assets from the IRS between 2008 and 2014. According to court…
Outcome of Hollywood actors’ contract vote could be close amid criticism over parts of deal
A new three-year labor deal between Hollywood’s actors and its film and TV studios could be made official within days, but not without vocal criticism that has stoked expectations of…
Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The purchase values…
Pending home sales drop to a record low, even worse than during the financial crisis
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric…
Cut from projects, dropped by agents: How the Israel-Hamas war is dividing Hollywood
The entertainment industry is grappling with how to talk about the war between Israel and Hamas nearly two months after it erupted. Some in Hollywood say they’re being silenced for…
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation. Despite a string of positive…
Red Lobster says unlimited shrimp promotion was too popular and too cheap
Red Lobster’s parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the third quarter of the year because its $20…
Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by…