Lower-income customers aren’t finding much value in the menu at McDonald’s these days. Traffic dropped “nearly double digits” industry-wide among this demographic, chief executive Christopher Kempczinski told investors Wednesday during the fast-food giant’s third-quarter earnings call. Such customers are disproportionately…
The first major data point is in regarding the absence of ESPN and ABC from YouTube TV. Monday night’s game between the Cardinals and the Cowboys drew an average audience of 16.2 million viewers across ESPN, ABC, ESPN2, ESPN Deportes,…
A DoorDash bag on a bicycle in New York, US, on Tuesday, May 6, 2025. Yuki Iwamura | Bloomberg | Getty Images DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million dollars”…
NEW YORK (AP) — A top executive at a startup company that eased the process for college students applying for financial aid was sentenced Wednesday to over five years in prison for cheating JPMorgan Chase in a $175 million acquisition…
Hailey Bieber’s cosmetics line Rhode is expected to increase E.l.f. Beauty‘s annual sales by $200 million this fiscal year, but its new parent company’s full-year guidance still fell below expectations, leading its stock to plunge 29% Wednesday. E.l.f., which declined…
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom in San Francisco on May 24, 2024. Justin Sullivan | Getty Images DETROIT – Lucid Group missed Wall Street’s expectations for a second consecutive quarter as…
AI stocks waver as ‘Big Short’ investor bets against Palantir, Nvidia The Washington Post Michael Burry of ‘Big Short’ fame discloses bets against Palantir and Nvidia Yahoo Finance Alex Karp blasts ‘Big Short’ investor Michael Burry as ‘bats— crazy’ for bets against…
In September, Tidmarsh went after Tang’s Aurinia and its drug voclosporin that treats lupus nephritis, a disease in which the immune system attacks the kidneys. In a startling post on his LinkedIn account, Tidmarsh claimed that the FDA-approved drug had…
Traders work at the New York Stock Exchange on Nov. 3 2025. NYSE Dow futures rose slightly Tuesday night, while futures tied to the tech-heavy Nasdaq slid, as investors continue to grapple with where megacap tech stocks head from here.…
A note of caution is creeping into markets. Stocks stumbled Tuesday, with the tech-heavy Nasdaq composite leading declines. Wall Street’s fear gauge, the VIX index of stock volatility, jumped. Indexes are close to record highs after a rapid run-up since…