A McDonald’s Happy Meal. Emile Wamsteker | Bloomberg | Getty Images McDonald’s plans to pass along more fees to franchisees next year, risking the wrath of its U.S. operators. Starting in January, the fast-food chain will stop paying out a $300 subsidy per month at each restaurant for Happy Meals, according to a memo from
Month: December 2020
Halfpoint Images | Moment | Getty Images Millions of people who were eligible for $1,200 stimulus checks still may not have received their money. Now, the Government Accountability Office and a few Democratic members of Congress are calling for the IRS and Treasury Department to step up their efforts to get the relief to those
Steve Wozniak is starting a second company, 45 years after he co-founded Apple in Steve Jobs’ parents garage in 1976. This time, Wozniak is starting a business in the green tech and blockchain space called Efforce, according to a statement released Friday. Efforce, which has been in stealth mode for almost a year, is a
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — The retail stock sank 9% after the company declined to give guidance as part of its third-quarter earnings report. Big Lots beat analyst expectations on
A nurse administers a flu vaccination shot to a woman at a free clinic held at a local library on October 14, 2020 in Lakewood, California. Mario Tama | Getty Images Children and young teens could get a Covid-19 vaccine in the second half of next year, an advisor for the Centers for Disease Control
For close to a decade, the Honeycutts lived in the brick house with white shudders on Patterson Street in China Grove, North Carolina. Vicki Honeycutt and her husband, James, a disabled Gulf War veteran, loved to sit out on the front porch, drinking Pepsis or sweet tea. Vicki’s favorite space in the three-bedroom house was
SDI Productions | E+ | Getty Images This year, the IRS is willing to let you write off all your adjusted gross income if you give it to charity in the form of cash. But just because you’re allowed to do it doesn’t mean it’s a good call. When the CARES Act went into effect
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. Peter Feld quit the AECOM
Elon Musk has taken his electric vehicle long-shot, Tesla, from the brink of bankruptcy all the way to the S&P 500. He’s also lead SpaceX from near ruin to using its reusable rockets to courier NASA astronauts to the International Space Station. It may seem bold to bet against the maverick entrepreneur. (If you tell
People receive food at a distribution site during the coronavirus pandemic. Spencer Platt | Getty Images News | Getty Images The U.S. economy added 245,000 jobs in November and the unemployment rate fell to 6.7%, the Bureau of Labor Statistics said Friday. It’s the seventh consecutive month of improvement from the depths of the Covid
California Street, usually filled with iconic cable cars, is seen mostly empty in San Francisco, California on March 17, 2020. Josh Edelson | AFP | Getty Images San Francisco Bay Area health officials announced on Friday that they would implement California’s new stay-at-home order early, even though they haven’t reached the state’s threshold triggering the
US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020. NICHOLAS KAMM/AFP via Getty Images U.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause and interest waiver for student
Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with an increase in equities trading that shows no signs of letting up. Trading in equity
If you’re having trouble staying focused and organized while working from home, keep in mind that even former president Barack Obama struggles with organization from time to time. Obama shared his tips for productivity and revealed the relatable task at which he doesn’t excel, during a video call with Eva Chen, Instagram’s director of fashion
President Donald Trump has a bill on his desk that could kick several Chinese companies off of U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give up their listings on Wall Street if they refuse to open their books to
2021 Ford Bronco Source: Ford DETROIT – Ford Motor is delaying the launch of its upcoming Bronco SUV from spring to summer of next year due to coronavirus-related problems in its supply chain, the company told its dealers Friday afternoon. Customers who had reserved vehicles were expected to begin the ordering process Monday. That has
Moxie Marlinspike won’t tell you his name or where he’s from, but everyone from U.S. Intelligence officials to Edward Snowden looks to what he’ll say on one topic: encryption. The technology has come under scrutiny as terrorists are increasingly using it as a way to shield their plans from law enforcement. Laurie Segall reports.
Trevor Williams What goes up must come down and then usually goes back up again, at least in the case of the U.S. stock market. The market has been on a roller-coaster ride this year amid the coronavirus pandemic. The S&P 500 started the year strong, breaking the record for the longest-ever bull market. Then,
Tony Hsieh, former CEO of Zappos.com Bloomberg | Bloomberg | Getty Images Former Zappos CEO Tony Hsieh, who died last week from injuries sustained in a house fire, did not leave behind a will, according to published reports. Hsieh, who retired in August from the shoe and clothing online retailer, succumbed to complications from smoke
One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
According to self-made billionaire Mark Cuban, the future of America post-pandemic, or what he calls “America 2.0,” will look “different.” “My dad always said that you don’t live in the world you were born into, and that’s not going to change,” Cuban said during a Q&A session at the George W. Bush Center on Oct. 21. “The
Check out the companies making headlines before the bell Thursday: Ollie’s Bargain Outlet (OLLI) — Shares of the retailer slid more than 11% following commentary around a slowdown in the company’s fourth-quarter trends. “Quarter-to-date, our comparable-store sales increases are tracking in the low single-digits,” CEO John Swygert said in a statement. Goldman Sachs downgraded the
Former FDA Chief and Pfizer board member Dr. Scott Gottlieb told CNBC that he is “hopeful” there will be adequate vaccine supply in 2021, on the heels of a Wall Street Journal report that Pfizer had to cut its original estimates for the amount of vaccine doses this year because of supply-chain problems. “The supply
A significant percentage of corporate chief financial officers are making 2021 spending and hiring plans around vaccine optimism, but the current case surge in the U.S. and Europe is making a dent in confidence. Robyn Beck | AFP | Getty Images Millions of Americans are still hoping for a second round of stimulus checks to
Juanmonino | E+ | Getty Images It’s going to take more than a second draw from the Paycheck Protection Program to get the most vulnerable small businesses through the winter, tax professionals sa Congress is back to hashing out new relief measures this week. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer,
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
NFL star Russell Wilson is one of football’s highest-paid players and he’s earned more than $160 million during his nine-year NFL career. But the Super Bowl-winning quarterback likely still has a way to go before he can reach what he calls “one of my biggest goals”: owning the Seattle Seahawks. Wilson recently told tech billionaire
Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it
California governor Gavin Newsom Rich Pedroncelli | Pool | AP California will impose a limited stay-at-home order on certain regions of the state where Covid-19 cases are placing a strain on intensive care units, Gov. Gavin Newsom announced Thursday. The state will be split into five regions — the Bay Area, Greater Sacramento, Northern California,
A tuna once sold for $1.8 million, but you can get cans of tuna fish for less than $2 at the grocery store. So, what’s the difference? Bluefin tuna can be very expensive depending on where you buy it and which part of the fish you are eating. We spoke with the chef at Shoji