Business

McDonald’s, the global fast-food giant, recently held its investor day where executives highlighted the company’s strength and outlined its long-term goals. However, despite the positive portrayal, McDonald’s faces several potential roadblocks as it looks ahead to 2024. While the event did include some new targets, the reaction from Wall Street has been relatively subdued, with
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Starbucks recently announced its intentions to resume contract negotiations with the union representing its baristas, commencing in January. This development follows the two-year anniversary of the first unionization of company-owned Starbucks cafes in the United States. Although more than 360 locations have voted to unionize, accounting for approximately 4% of the company’s total U.S. footprint,
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The CEOs of Wall Street’s leading banks recently expressed their concerns over proposed regulations aimed at increasing capital requirements. During a Senate oversight hearing, the CEOs warned about the potential negative consequences of these changes, claiming it would have detrimental effects on the economy, markets, businesses of all sizes, and American households. The implementation of
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The journey to developing safe and effective treatments for obesity has been fraught with challenges and setbacks. Pharmaceutical giant Pfizer recently announced the discontinuation of its twice-daily weight loss pill, danuglipron, due to high rates of adverse side effects experienced by obese patients in a midstage clinical trial. This decision comes just six months after
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After a tumultuous period marred by labor strikes and negotiations with the United Auto Workers (UAW) union, Ford Motor has reinstated its 2023 guidance. This new guidance sets expectations for adjusted earnings before interest and taxes (EBIT) between $10 billion and $10.5 billion and adjusted free cash flow ranging from $5 billion to $5.5 billion.
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