McDonald’s, the global fast-food giant, recently announced a significant change in its royalty fees for franchisees. Starting January 1st, the fees will increase from 4% to 5%, marking the first adjustment in nearly three decades. This change will not affect existing franchisees who are maintaining their current footprint or acquiring a franchised location from another
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Saudi Crown Prince Mohammed bin Salman has openly embraced accusations of “sportswashing” as a means to rehabilitate Saudi Arabia’s image on the global stage. In a recent interview with Fox News, the crown prince expressed his willingness to continue using sportswashing tactics if it meant boosting the country’s GDP by 1% or more. Despite criticism
The release of the latest round of Covid vaccines in the United States has encountered significant obstacles as patients report delays in health insurance coverage for the shots. This development has thrown a wrench into the vaccination rollout, causing confusion amongst insured patients and raising questions about the accessibility of the vaccines. Despite assurances from
Rocket Lab, the second-most active U.S. rocket company behind SpaceX, experienced a major setback with its 41st Electron rocket launch. The mission, carrying the Acadia 2 satellite for Capella Space, failed around 2 minutes and 30 seconds into the flight. This article examines the impact of the launch failure on Rocket Lab’s stock and future
In a groundbreaking move that signals the beginning of the generative AI era on Wall Street, Morgan Stanley has officially unveiled its highly-anticipated assistant powered by OpenAI’s latest generative AI software. The bank is set to announce that the assistant, called the AI @ Morgan Stanley Assistant, is now “fully live” for all financial advisors
Disney, a renowned entertainment giant, is considering selling ABC and its owned affiliates, linear cable networks, and a minority stake in ESPN. Unlike most sellers motivated by financial gains, Disney’s primary drive is to reposition itself as a modern media company and signal to investors that the time for traditional TV is over. With a
In a historic move, the United Auto Workers (UAW) labor union has initiated targeted strikes against the three major Detroit automakers. The strikes, which began early Friday morning, have impacted three key plants responsible for manufacturing popular vehicle models such as the Ford Bronco, Chevrolet Colorado, and Jeep Wrangler. This simultaneous action against all three
Coss Marte’s dream of opening a marijuana dispensary in lower Manhattan has turned into a nightmare. Despite being awarded a coveted dispensary license last year, Marte’s business, like many others, is on the brink of ruin. The challenges faced by marijuana dispensary owners in New York are numerous, from finding suitable locations to securing funding.
Ford Motor is ready to take on the challenge of slower-than-expected sales of its all-electric vehicles with a big bet on the hybrid version of its F-150 pickup truck. The automaker plans to double production of the F-150 hybrid, aiming to achieve roughly 20% of total sales in the U.S. during the 2024 model year.
In a landmark decision, an independent advisory panel to the Centers for Disease Control and Prevention (CDC) has recommended that all Americans aged 6 months and above receive updated Covid vaccines from Pfizer and Moderna. This move marks a significant step towards ensuring the availability of the shots to all Americans in the coming days.