(Reuters) -McDonald's U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday, as the fast-food chain looks to draw more inflation-hit customers to its restaurants.
Global restaurant chains such as McDonald's and Starbucks have seen lower-income customers opting to eat more meals at home amid a cost-of-living crisis, forcing the companies to offer steeper promotions to attract them to their outlets.
... (continue reading...)(Reuters) -Tesla will spend more than $500 million this year to expand its fast-charging network, CEO Elon Musk said on Friday, days after abruptly laying off employees who were running the business.
"Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year," Musk said in a post on his social media platform X.
"That's just on new sites and expansions, not counting... (continue reading...)
Investing.com -- Main U.S. indexes edged lower Friday after preliminary data showed consumers' inflation expectations rose more than anticipated in May.
Here are some of the biggest U.S. stock movers today:
Novavax (NASDAQ: NVAX) stock soared 125% after the biotech company signed a deal with French drugmaker Sanofi (NASDAQ: SNY), up 0.3%, to develop its Covid vaccine starting next year.
Moderna (NASDAQ: MRNA) stock fell 3% after... (continue reading...)
Roblox’s latest quarterly earnings release resulted in the stock plunging over 22% in Thursday’s session as the company’s bookings guidance disappointed.
However, one industry analyst said the focus should be on the long-term, not the immediate numbers.
Roblox sinks on guidanceWhile its booking outlook disappointed, Roblox reported first-quarter financial results that surpassed analyst expectations for earnings and revenue. The company announced a Q1 loss per... (continue reading...)
Investing - The U.S. Federal Reserve is likely to cut interest rates this year, according to Atlanta Federal Reserve President Raphael Bostic, even if the timing remains uncertain.
"I still have that belief" that interest rates can be lowered this year, Bostic said in an interview with Reuters published earlier Friday, despite inflation remaining well above the central bank’s target during the first quarter of this year.
"There is an expectation for most of the... (continue reading...)
More General News
View Older Stories-
June will be a month 'to remember" says BofA as central banks prepare to cut rates
-
Chinese EV maker Zeekr soars nearly 35% in stellar US market debut
-
Earnings bolster US stocks but crucial inflation report looms
-
China's car exports hit record high in April, as domestic sales fall
-
SEC investigating Boeing's statements on its safety practices, Bloomberg News reports
-
Tesla interfered with union organizing at New York plant, US agency claims
-
Ford mulls offering gas-powered vehicles, hybrids in Europe beyond 2030
-
Exclusive-Power producer Calpine explores options including $30 billion sale, sources say
-
BP looks to expand EV charging unit in US after Tesla disbands Supercharger team
-
April US CPI inflation preview: 'The descent begins'
-
Robinhood makes headway beyond trading
-
Chinese companies hit with US trade restrictions over spy balloon incident
-
Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise
-
Bank of America expects new Selic cut of 25bps in June
-
Arm shares fall as soft forecast takes shine off AI optimism
-
Trump vows to target EVs, LNG exports in meeting with oil CEOs, report says
-
Roblox forecast cut adds to videogame gloom, shares fall most in two years
-
Airbnb slumps as gloomy forecast fans slowdown fears
-
iPhone sales will continue to grow despite market pessimism says Evercore ISI
-
ArcelorMittal's Growth Trajectory: Navigating Challenges and Unveiling Opportuniti
-
Fed's Cook says households, banks, firms largely in solid financial shape
-
GM to end production of Chevy Malibu as it shifts to EVs
-
Apple's WWDC event in June may also disappoint AI investors: analysts
-
Upcoming US election and equity implications from JPMorgan
-
Midday movers: Uber, Rivian, Twilio fall; Reddit and Arista rise
-
Barclays sees this tech stock as the next S&P 500 addition
-
Needham analysts raise price target for Reddit, citing "robust business model"
-
Intel, Qualcomm say exports to China blocked as Beijing objects
-
Palantir shares post biggest daily slide since 2022 after forecast disappoints
-
US revokes Intel, Qualcomm's export licenses to sell to China's Huawei, sources say
-
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions
-
S&P 500: Don’t sell in May and go away - Bank of America
-
Exclusive-Royal Caribbean recruiting thousands to meet surging demand, sources say
-
Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move
-
Fed may need to hold rates steady all year, Kashkari says
-
Investors wary of US cannabis ETFs despite recent rally
-
TikTok, ByteDance sue to block US law seeking sale or ban of app
-
Biden Administration Is Holding Shipments Of Boeing (BA) -made Precision Bombs To Send Political Message To Israel - Politico
-
Midday movers: Disney, Palantir fall; International Paper, Kenvue rise
-
Barclays highlights stocks most exposed to stagflation risk
-
Apple unveils new AI-focused chip in upgraded iPad Pro
-
Datadog President Amit Agarwal to step down, shares drop
-
Investopedia-owner Dotdash Meredith signs content license deal with OpenAI
-
Why this analyst think you should be long Apple stock into iPad event
-
JPMorgan remains concerned inflation will be 'staying too high'
-
Apple's AI trajectory remains uncertain - PhillipCapital
-
Infineon unveils deep cost-cutting drive amid waning chip demand
-
Air Lease Q1 profit misses estimates on higher interest expenses
-
UPS CFO Brian Newman to step down on June 1, company says
-
Israel to push on with Rafah operation while continuing hostage talks