(Chicago, IL) — McDonald’s is investing eight-point-five-billion dollars over the next decade to modernize restaurants, expand technology and attract more customers. The plan includes updated kitchens, more AI, expanded rewards and new menu items, including chicken bowls, snack wraps and egg bites.
By Abhirup Roy SAN FRANCISCO, Sept 24 (Reuters) – Tesla is beginning deliveries of its Semi trucks to a first set of customers this week, executives said at its plant in Sparks, Nevada, almost nine years after CEO Elon Musk unveiled the electric big rigs. The Semi, designed for long-haul freight, ex
Sept 24 (Reuters) – MGM Resorts International is discussing making a bid to purchase Barry Diller’s People Inc, the Wall Street Journal reported on Thursday, a day after People Inc withdrew its proposal to buy MGM Resorts. New York-based People’s shares rose 9% after the bell. If it decides to proce
By Allison Lampert, Carlos Méndez and Mrinmay Dey Sept 24 (Reuters) – Airbus said on Thursday it had identified and contained a “quality issue” in the fuselage structure of its A321neo aircraft, but that planes could continue operating because it did not pose a safety risk. The defect affects about
SYDNEY, Sept 25 (Reuters) – For most Australian homeowners, the cost of the country’s sharpest housing downturn in years has been the modest fall in property values since interest rates began rising in February. But while prices have dipped only slightly, home sales have fallen sharply. Reuters set
The Netherlands Criminalizes Purchase of West Bank Settlement Goods as European Restrictions Expand By The Media Line staff The Netherlands has made purchasing goods produced in Israeli settlements in the West Bank a criminal offense, joining several other European countries that have imposed restri
By Byron Kaye and Stella Qiu SYDNEY, Sept 25 (Reuters) – This time last year, Sydney property stylist Joanne Cauchi was turning away work, buying new furniture and overseeing home installations almost every day. Now, her team of three stylists and two removalists handles as few as three jobs a week
(Washington, DC) — Three in four Americans report some level of “fear and concern” regarding AI technology and its growth and development. That’s according to a new poll from CNN. The remaining quarter said they feel “hope and excitement” over AI development. This as tech industry leaders and lawmak
By Angela Christy M and Nicholas P. Brown Sept 24 (Reuters) – Costco Wholesale beat quarterly estimates on Thursday, recording strong comparable sales growth as inflationary pressures drove consumers to its discount gas stations and boosted demand across its warehouses. The warehouse retailer report
By Hannah Lang Sept 24 (Reuters) – The US Federal Reserve on Thursday proposed new rules for issuers of dollar-backed cryptocurrency tokens known as stablecoins, as required by last year’s GENIUS Act, which established a federal regulatory framework for the tokens. • Under the proposal, the Fed woul
By Dan Catchpole and Rajesh Kumar Singh SEATTLE, Sept 24 (Reuters) – Alaska Air expects Boeing’s 737 MAX 10 to be certified by the end of September and plans to take delivery of its first aircraft next spring, Chief Operating Officer Jason Berry told Reuters on Thursday. The airline expects to put t
NEW YORK (AP) — A United Nations report released Thursday shows that there is still a multibillion dollar funding gap for preserving tropical forests, which are key to fighting climate change. A new fund that aims to raise $100 million for firefighting in South America, home to the Amazon rainforest
By Kalea Hall Sept 24 (Reuters) – General Motors and Ford Motor have lost more market share in the United States than any other automakers so far this year as buyers prioritize fuel efficiency amid high gas prices, an industry forecast shows. Ford’s vehicle sales are expected to drop 8.8% through th
By Jarrett Renshaw and Nicole Jao WASHINGTON/NEW YORK, Sept 24 (Reuters) – US Energy Secretary Chris Wright has contacted executives at several major American refiners in recent days to gauge support for a voluntary restriction on diesel exports as the Trump administration searches for an alternativ
Sept 24 (Reuters) – RedBird Capital Partners has agreed to acquire a majority stake in Puck in a deal valuing the five-year-old newsletter startup at about $250 million, according to a memo seen by Reuters on Thursday. Reuters first reported last month that Puck was in advanced talks for an investme
By Leo Marchandon Sept 24 (Reuters) – BNP Paribas will keep some sensitive customer data and critical operations off public cloud infrastructure even after signing a five-year cloud and AI partnership with Google, the French bank said on Thursday. The agreement gives BNP access to Google public-clou
By Scott DiSavino NEW YORK, Sept 24 (Reuters) – Oil prices jumped about 4% to a one-week high on Thursday after Yemen’s Iran-backed Houthis fired missiles at Saudi Arabia and diplomatic talks between the US and Iran showed little sign of progress. Brent futures rose $4.10, or 4.0%, to $107.18 a barr
DUESSELDORF/FRANKFURT, Sept 24 (Reuters) – Uniper labour representatives oppose a sale of the state-owned utility to a strategic bidder, the head of its works council said, arguing that an initial public offering would avoid the risk of a break-up. The comments from Martin Geilhorn come as a dual tr
Sept 24 (Reuters) – PepsiCo is set to raise prices for some chips to keep pace with inflation, a spokesperson for the company said, as the Lay’s maker works to revive sales in the United States. PepsiCo is navigating shifting consumer preferences toward healthier snacking, weak demand from household
KFC has been taking a licking from fried chicken rivals like Raising Cane’s, but the global fast-food chain has a plan to return to the top of the U.S. pecking order. The Kentucky-born brand opened a new restaurant in McKinney, Texas, on Thursday to serve as a test lab in its home market. Called Ope
WASHINGTON, Sept 24 (Reuters) – Sales of new US single-family homes surged to an eight-month high in August as buyers took advantage of price cuts and other incentives, but rising mortgage rates stemming from the war in the Middle East remain a drag on the housing market. New home sales increased 6.
WASHINGTON (AP) — Fewer people applied for U.S. unemployment benefits last week, as U.S. jobless claims remain at historically low levels and most Americans enjoy job security. The Labor Department said Thursday that 197,000 people applied for unemployment checks last week, the fewest since mid-July
By Anirban Sen and Gertrude Chavez-Dreyfuss NEW YORK, Sept 24 (Reuters) – Like Treasuries themselves, the Treasury basis trade has fallen out of favor lately. Funds locked up in leveraged basis trades are down 20% this year to $1.2 trillion, Morgan Stanley estimates. The decline reflects a mostly un
By Kane Wu and Julie Zhu HONG KONG, Sept 24 (Reuters) – A senior Morgan Stanley banker covering financial sponsors in Asia accidentally leaked their deal pipeline in an email sent to clients, according to six people with knowledge of the matter. The banker attached the financial sponsors group’s dea
Sept 24 (Reuters) – Shares of MGM Resorts slid 10% on Thursday after media mogul Barry Diller’s People Inc withdrew its more than $18 billion proposal to buy the casino operator. At $33.90, MGM’s stock hit its lowest level in seven months. The slump wiped out all gains made since People, which alrea
By Marc Jones LONDON, Sept 24 (Reuters) – World financial markets remained on edge on Thursday after concerns about the Iran war and inflation pain had triggered the sharpest sell-off in US Treasuries and other benchmark government bonds since last year’s Liberation Day turmoil. Bond yields were nud
Sept 24 (Reuters) – Wall Street’s main stock indexes opened lower on Thursday as simmering Middle East tensions lifted oil prices and Treasury yields, while investors also exercised caution ahead of a keenly watched summit between Presidents Donald Trump and Xi Jinping. The Dow Jones Industrial Aver
Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024. Last September, Starbucks closed 627 stores in North America and Europe. In a letter to employees, Starbucks
WASHINGTON (AP) — The Energy Department is set to announce it will spend almost $2 billion to try to squeeze more electricity out of the nation’s aging and stressed power grid, as President Donald Trump’s administration steps up efforts to avoid blackouts amid skyrocketing energy demand spurred by a
PARIS, Sept 24 (Reuters) – Gucci has begun selling new luxury sneaker models labelled “Made in China”, a break with its Italian manufacturing tradition that some industry watchers say could undermine the brand’s high-end image as it races to win back middle-class shoppers. The move highlights the ch
