Business
McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years
A McDonald’s golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants. Paul Weaver | Lightrocket | Getty Images McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees. The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It’s the first time […]
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Where key issues stand as UAW closes in on extended strikes against GM, Ford and Stellantis
(L-R) Supporter Ryan Sullivan, and United Auto Workers members Chris Sanders-Stone, Casey Miner, Kennedy R. Barbee Sr. and Stephen Brown picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — With a deadline for expanded strikes by the United Auto Workers against the Detroit automakers closing […]
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Saudi crown prince says he will keep ‘sportswashing’ as criticism of the practice grows
Saudi Arabian Crown Prince Mohammed bin Salman Al Saud attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. Evelyn Hockstein | Reuters Saudi Arabia’s Crown Prince Mohammed bin Salman embraced accusations of “sportswashing” to rehabilitate the country’s image, as the kingdom beefs […]
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WWE’s SmackDown to return to NBCUniversal’s USA Network in more than $1.4 billion deal
Shinsuke Nakamura and Karrion Kross wrestle during the WWE SmackDown at Coliseo de Puerto Rico José Miguel Agrelot on May 05, 2023 in San Juan, Puerto Rico.( Gladys Vega | Getty Images Sport | Getty Images WWE’s “Friday Night SmackDown” will return to USA Network in October 2024 as part of a five-year domestic media […]
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Home sales stick near recent lows in August, but prices continue to climb
A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. Sales were […]
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Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales
A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported earnings and revenue that topped analysts’ expectations in its first quarter as the owner of Ruth’s Chris Steak House. But same-store sales of Darden’s fine-dining segment […]
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U.S. will again offer free at-home Covid tests starting Monday
Covid-19 home test kits are pictured in a store window during the Covid-19 pandemic in the Manhattan borough of New York City, Jan. 19, 2022. Carlo Allegri | Reuters The Biden administration on Wednesday said it will resume offering free at-home Covid tests to American households Monday as the virus gains a stronger foothold nationwide. […]
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Adidas CEO says Kanye West didn’t mean antisemitic remarks, isn’t a bad person
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023. Scott Olson | Getty Images In a conversation on philanthropist Nicolai Tangen’s podcast “In Good Company,” Gulden was asked about the retailer’s partnership with Ye and how its Yeezy collaboration fell apart. “He did some statements, which wasn’t that good and […]
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Anheuser-Busch to stop cutting off Clydesdale horse tails after backlash
Budweiser Clydesdales handler walks several Clydesdales poor to bathing the horses at Houston Polo Club before this weeks Clydesdale appearances Monday, March 31, 2014, in Houston. James Nielsen | Houston Chronicle via Getty Images Anheuser-Busch InBev said it will no longer cut the tails of the iconic Clydesdale horses used in its signature Budweiser commercials […]
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GM and Stellantis just laid off over 2,000 additional workers because of the UAW’s strike
United Auto Workers (UAW) members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toldeo, Ohio, US, on Monday, Sept. 18, 2023. Emily Elconin | Bloomberg | Getty Images General Motors and Stellantis said that they have laid off additional workers because of consequences related to the United Auto Workers strike. GM […]
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