Ex-CEO Stephen Easterbrook was fired for having a relationship with a McDonald’s employee but was initially allowed to keep millions in severance. Ever since Ronald McDonald was introduced in 1963, McDonald’s (MCD) – Get Free Read more…
A historic launch from Britain’s Spaceport Cornwall failed to achieve its mission objective, sending shares of Richard Branson’s commercial space company tumbling. The three-headed billionaire’s space race is turning out to really be just a Read more…
Cryptocurrency exchange to cut nearly 1,000 additional jobs and record significant charges. The horizon remains uncertain for Coinbase. The Cryptocurrency exchange is still unable to get out of the bad patch that the cryptocurrency sector Read more…
Gold is trading at $1875 per troy ounce – near the highs since last May. Having pushed back from the bottom in early November, the price has rallied by more than 15%, above $260, and Read more…
Gold prices started the year with a powerful rally, capitalizing on hopes that the Fed is approaching the end of its tightening cycle. Looking into 2023, the prospects for the yellow metal seem bright in Read more…
Fisher-Price announces of the recall of nearly 5 million of its Rock ‘n Play Sleepers which have been linked to about 100 deaths. Fisher-Price announced another recall of its Rock ‘n Play Sleeper that has Read more…
Markets The decline in US bond yields following Friday’s soft US wage data and services ISM is gradually petering out. Still, markets stay highly sceptic on the Fed’s mantra that rates will (have to) be Read more…
The World Bank lowered global growth forecast to 1.7% in the latest Global Economic Prospects report, down sharply from 3.0% expected six months ago. It said, “Global growth is slowing sharply in the face of Read more…
Everyone wants a return to normal, but the covid pandemic has actually led to some permanent changes for Las Vegas casinos. The covid pandemic devastated business on the Las Vegas Strip. Las Vegas literally shut Read more…
The US dollar tried to stage a comeback during the first few days of 2023, but any attempts to conquer higher areas proved abortive as disappointing wage growth on Friday added credence to investors’ view Read more…