McDonald’s reported mixed quarterly results Tuesday as its reorganization weighed on its profit and boycotts hurt its Middle Eastern sales. The company also continues to see consumers worldwide pull back on their restaurant spending. “Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending, which is putting pressure on the [quick-service restaurant] industry,” CEO Chris Kempczinski said on the company’s...
The PCE index shows that progression on bringing down inflation has stalled. | Economy
The U.S. Supreme Court on Tuesday declined to block Texas' Republican-championed law requiring porn websites to verify the age of their users, the Associated Press reports. Adult-entertainment industry trade group the Free Speech Coalition filed an emergency appeal asking the high court put Texas House Bill 1181 on hold while the justices weigh whether to hear a full appeal of the court dispute over the law. Last year, a federal judge blocked HB 1181’s age-verification requirement,...
Items bought in shops are becoming more expensive at the slowest pace in more than two years, according to latest industry figures which show that some prices are actually falling. It means that goods, such as clothes and food, are becoming more costly but far less than before, according to the shop price index from the trade organisation for UK retailers, the British Retail Consortium (BRC), and retail behaviour researchers NielsenIQ. Why have some prices fallen? The shop price index for April...
Bypass content restrictions and protect your data with a high-quality VPN.
Inflation rose by 3.5 per cent in year to March - up from 3.4 per cent in February. Petrol prices surged by 8.1 per cent over the year as Israel fights hostile attacks. Westpac bank now expecting Reserve Bank to delay interest rates cuts in 2024. READ MORE:
Bypass content restrictions and protect your data with a high-quality VPN. Because incognito mode ain't going to cut it.
Denmark’s streaming service Viaplay is to follow in the footsteps of international competitors Netflix and Disney by blocking subscribers from sharing their passwords.
In response, the mayor of Birmingham is calling on Black athletes to boycott the state's colleges and universities.
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
The incident happened shortly after 9pm local time on Saturday night, authorities said.
Video shows first responders on the scene after a Universal Studios tram