Lower-income Americans are choosing to cook at home instead of dining out due to inflation and economic challenges, leading to a decline in McDonald's sales and prompting the fast-food chain to offer more affordable options.
Legal battle erupts between Michael Kassan and United Talent Agency over Kassan's departure, with Kassan claiming he resigned after being deceived about his role and privileges, while the agency accuses him of misusing company funds.
Microsoft has introduced a new "consumption-based model" for pricing its security tools, charging $4 per "security compute unit," allowing for flexibility in pricing and potentially attracting more business.
A California mom has been accused of leading an organized crime ring that stole $8 million worth of makeup and clothing from stores across the country, operating in more than a dozen states and targeting outlets such as Ulta and Sephora.
Discount retailer Dollar Tree plans to close 600 Family Dollar stores in the first half of fiscal 2024, with a total closure of 1,000 stores, after struggling with its Family Dollar acquisition.
Hydrogen fuel cell manufacturer Plug Power has been awarded $75.7 million in grants from the U.S. Department of Energy to expand its manufacturing output and refine its technology, with a focus on clean hydrogen production and fuel cell development.
U.S. President Joe Biden plans to express concern over Nippon Steel's proposed $14.9 billion purchase of U.S. Steel, leading to a 12% drop in the U.S. company's stock and raising worries about potential political opposition to the deal.
Amazon Pharmacy has partnered with pharmaceutical company Eli Lilly to deliver diabetes and weight-loss medications to customers' homes through Lilly's telehealth site, offering ongoing tracking updates and customer support.
Volkswagen has introduced the ID.3 GTX, an electric hot hatch with two models, offering a powerful electric motor, a range of 373 miles, and sporty design elements, but it will not be available in the United States.
Volkswagen has introduced the ID.7 GTX Tourer, a high-performance electric wagon with 335 hp, all-wheel drive, and a 86.0-kilowatt-hour battery, although it will not be available in the US.
Outdoor Voices, an athletic apparel company known for its muted tones and Instagrammable aesthetic, is closing all of its retail stores and transitioning to an exclusively online business, according to employees who were surprised by the announcement and not offered severance.
Family Dollar will close about 600 stores in the first half of 2024, with an additional 370 Family Dollar stores and 30 Dollar Tree stores closing over the next few years as leases expire, according to an announcement by the company, but no specific store closures have been disclosed.
US Oil and Gas Sites Leaking Far More Methane Than EPA Estimates, Causing Billions in Climate Damage
A new study reveals that US oil and gas sites are emitting three times more methane than estimated, causing $9.3 billion in annual climate damage, but targeting the small number of high-emitting sites could effectively reduce the problem.
Intel Corp.'s shares dropped 3% after the Pentagon decided to withdraw a planned $2.5 billion chip grant for the company, potentially reducing its access to federal funding and requiring it to seek more money from the Commerce Department.
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Costco's $1.50 hot dog and soda combo is expected to remain at its current price for the foreseeable future, even as its CFO steps down, thanks to a long-standing commitment from the company's founders.
Tesla CEO Elon Musk celebrates the resumption of production at the German gigafactory after an arson attack caused a week-long power outage, visiting the facility with his child and addressing employees.
Around 11% of high school seniors in the US have reported using delta-8 THC, a less potent and more accessible form of THC compared to traditional marijuana, according to a study published in JAMA.
Microsoft is launching Copilot for Security, an AI chatbot powered by OpenAI's GPT-4 and Microsoft's own security-specific model, to provide cybersecurity professionals with real-time information on security threats and incidents, with a consumption-based pricing model of $4 per hour of usage.
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La Vaca Birria, a restaurant in San Francisco, has increased the price of its signature burrito from $11 to $22 in order to offset rising ingredient costs, but despite the price hike, customers are still willing to support the restaurant.
Demand for U.S. Bitcoin spot ETFs has reached a new milestone, exceeding $1 billion in daily net inflows for the first time ever, with BlackRock's iShares Bitcoin Trust leading the way with a record $849 million inflow.
MicroStrategy's shares have significantly increased this year due to the surge in Bitcoin, leading to substantial losses for short sellers and the possibility of a short squeeze.
Elon Musk visits Tesla plant in Berlin targeted by arson attack and expresses determination to proceed with expansion plans.
The U.S. Department of Energy has announced $750 million in funding for 52 projects across 24 states to advance clean hydrogen technologies, create jobs, and support America's global leadership in the clean hydrogen industry. These projects will help reduce the cost of clean hydrogen and strengthen the manufacturing and recycling capabilities for clean hydrogen systems and components.
Dollar General employees in Wisconsin walked out due to concerns over pay, work hours, the company's donation policy, and overall treatment, leaving signs on the store's doors and windows explaining their reasons before reopening three hours later.
Government watchdogs warn of the language fraudsters use to scam people out of their money, including tactics such as pressuring victims to act immediately, instructing them to lie, and making false threats of arrest or deportation.
To celebrate Detroit pride, Spirit Airlines is offering one-way flights out of Detroit Metro Airport (DTW) to select locations for as little as $31.30, with tickets available for purchase on March 13.
Elon Musk took his 3-year-old son on a visit to the Tesla Gigafactory in Germany after it was shut down due to a power outage, amidst ongoing concerns about the factory's expansion and a custody battle with his ex-girlfriend Grimes.
Bank of America Securities analyst Vivek Arya has raised his price target for Nvidia stock ahead of the Nvidia GTC conference for AI developers next week, citing the potential positive impact of news from the conference on the company's stock.
Coinbase, the top crypto exchange, plans to raise $1 billion through a private offering of convertible senior notes, with the intention of allowing investors to convert them into cash or shares of Coinbase stock.
Investors may want to consider betting on Robinhood Markets, Inc. (HOOD) due to its improving earnings outlook and positive estimate revisions, resulting in a 38.4% gain in the stock over the past four weeks.
Trader Joe's mini canvas tote bags are causing a social media frenzy and being resold for significantly higher prices, with videos of customers hoping to get their hands on one going viral; however, Trader Joe's does not condone the reselling of its products and assures customers that more totes will be available in late summer.
Ulta CEO Dave Kimbell comments on a wealthy California mom who allegedly led a crime gang targeting his stores and making $8 million selling stolen goods on Amazon, expressing concern over the impact of online retail in facilitating the sale of stolen items.
A new study suggests that the oil and gas industry is emitting three times more climate-warming methane than previously estimated, with an average of 2.95% of gas produced leaking into the air as methane, compared to the EPA's estimate of 1.01%.
Wendy's is launching a new Orange Dreamsicle Frosty as a limited-edition flavor to celebrate the start of spring, temporarily replacing the Vanilla Frosty on the menu.
Waymo's driverless taxi service, Waymo One, will begin operating in Los Angeles, offering rides across 63 square miles from downtown to Santa Monica, although concerns regarding safety and job displacement remain.
Tesla shares fell as Wells Fargo downgraded the stock, predicting no sales growth in 2024 and lowering its price target, citing the company's struggle to sell cars and its declining profits, although not all analysts share this pessimistic view.
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### Summary A study revealed that 35 major US companies paid their top five executives more than they paid in federal income taxes between 2018 and 2022, with Tesla being the worst offender, not only avoiding federal taxes but receiving $1 million in refunds.
US Treasury Secretary Janet Yellen says inflation could face a bumpy path towards normalization, but maintains that progress on inflation has not stalled, with President Biden's top priority being to address high costs that concern many Americans.
Waymo will launch its robotaxi service to the public in Los Angeles this week and in Austin by the end of the year, allowing users to hail driverless car rides for a fee via the Waymo One app.
Layer 2 cryptocurrencies experienced mixed performance as the Ethereum blockchain's Dencun upgrade launched, with tokens of Polygon, Arbitrum, and Starknet gaining while Immutable X and Celo declined.
German sportswear giant Adidas reported a net loss for 2023 and expects revenues in North America to continue to struggle into 2024 due to lower demand and excess inventory.
Blast, a rising Ethereum layer-2 scaling network, experienced a block production halt following the launch of the Dencun upgrade, but the issue was quickly resolved by the Blast team.
Dollar Tree plans to close nearly 1,000 Family Dollar stores due to underperformance, with approximately 600 closures expected in the first half of fiscal 2024.
Johnsonville is recalling over 35,000 pounds of turkey kielbasa sausage due to potential contamination with pieces of rubber, although no injuries or reactions have been reported.
Struggling discount chain Family Dollar will close nearly 1,000 stores due to years of mismanagement, poor conditions in stores, and increased competition from discount competitors like Dollar General and Walmart, leaving a void in shopping choices for low-income customers.
Blast, a layer-2 blockchain built on Ethereum, experienced a one-hour freeze during Ethereum's Dencun upgrade, but has since resumed production.
Adidas has recorded a rare annual loss due to lower sales of Yeezy-branded products, fallout from its breakup with Kanye West, declining sales in North America, and increased tax burden.
Employees at a Dollar General store in Mineral Point, Wisconsin walked off the job over a lack of appreciation, being overworked, being underpaid, and an issue with the company's donation policy.
McDonald's international sales are expected to decrease in the current quarter due to conflicts in the Middle East and weak demand in China, according to CFO Ian Borden.
Jefferies upgraded Southwest Airlines to Hold from Underperform and raised their price target to $28 from $20, stating that after the stock's recent selloff, Southwest's shares are now considered fairly valued.