Business

Budget-conscious Americans are returning to McDonald’s as the fast-food giant doubles down on value meals, discounted bundles and limited-time promotions aimed at stretching diners’ dollars.The strategy appears to be working as U.S. sales rose 6.8% in the fourth quarter – the biggest jump in about two years – and lower-priced offers and aggressive promotions drove traffic back into restaurants. Analysts had expected a smaller 4.9% gain.McDonald's CEO Chris Kempczinski said […]

Billionaire investor and hedge fund manager Bill Ackman is making a big gamble on the future of Mark Zuckerberg and his Meta platforms.Ackman has allegedly committed an estimated $2 billion to Meta, representing a sizable 10% of Pershing Square’s total portfolio, The Wall Street Journal reported. The move is a public backing of Zuckerberg’s pivot from the "Metaverse" to superintelligence, with Meta as the beneficiary of AI integration.Pershing Square started […]

The National Labor Relations Board (NLRB) is reportedly giving up on a multi-year legal fight with Elon Musk's SpaceX and signaled it will refrain from bringing cases against the company in the future.Bloomberg News reported on Monday, citing a letter from the board, that it would dismiss a case brought against SpaceX two years ago after the company fired eight engineers who were involved in an open letter that was […]

Latino Wall Street is the life mission of Gabriela Berrospi, who founded the financial literacy organization with the goal of eradicating poverty and boosting generational wealth in the Latino community.She and the organization are on a meteoric rise – Berrospi is an in-demand commentator on financial matters in the Latino community, a member of the Forbes Finance Council and has graced multiple magazine covers recently. With a television show on […]

A Georgia-based gun accessory company will pay $1.75 million in restitution to victims’ families, injured individuals and traumatized survivors of the 2022 mass shooting at a Buffalo supermarket and permanently stop selling a controversial magazine lock in New York under a settlement announced Wednesday.Mean LLC, commonly known as Mean Arms, agreed to the payment and injunctive relief to resolve a lawsuit brought by New York Attorney General Letitia James and […]

Instagram chief Adam Mosseri on Wednesday pushed back on claims the platform is dangerously addictive, reportedly telling jurors in a high-profile Los Angeles trial that using the app is more comparable to binge-watching Netflix than suffering from clinical addiction.Mosseri, who has led Instagram since 2018, drew a distinction between clinical addiction and what he described as "problematic use," the New York Post reported."I think it’s important to differentiate between clinical […]

To celebrate its 30th birthday, Raising Cane's pulled off perhaps its most epic celebrity get-together in San Francisco for Super Bowl week.With partners like Christian McCaffrey working a shift early during Super Bowl week to Matthew Stafford and his family chowing down some chicken tenders almost immediately after winning his first Super Bowl, the party was on for owner and founder Todd Graves."Time flies, right? This is all I've done […]

The U.S. Food and Drug Administration (FDA) has elevated a nationwide recall of cake and bread mixes to a Class I designation, its most serious warning, issued when a product poses a risk of severe illness or death.The recall, first announced in December, involves 866 bags of mixes from Dallas-based distribution company B.C. Williams Bakery Service. These include 51 bags of Spice Cake Mix, 720 bags of Bread and Roll […]

FIRST ON FOX — The NewsGuild of New York is irked at The New York Times leadership. The Times Guild Bargaining Committee sent staffers a newsletter on Tuesday detailing the latest labor negotiations. The Guild said it made a "big push to end the two-tier system The New York Times created and perpetuates by wrongly excluding jobs and workers from the Times Guild" and received a revised proposal from the company to end […]