Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In prepared remarks and responses to lawmakers’ questions during an annual Senate oversight hearing,…
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Business
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McDonald’s wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027. The targets are part of the fast-food giant’s long-term plans to grow sales across its already sprawling…
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Business
Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In prepared remarks and responses to lawmakers’ questions during an annual Senate oversight hearing,…
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A private Swiss bank will pay $122.9 million in back taxes and penalties after admitting it helped clients hide assets from the IRS between 2008 and 2014. According to court filings and the Justice Department,…
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Business
Outcome of Hollywood actors’ contract vote could be close amid criticism over parts of deal
A new three-year labor deal between Hollywood’s actors and its film and TV studios could be made official within days, but not without vocal criticism that has stoked expectations of a close ratification vote. Members…
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Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The purchase values Hawaiian Airlines at $18 per…
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Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even…
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The entertainment industry is grappling with how to talk about the war between Israel and Hamas nearly two months after it erupted. Some in Hollywood say they’re being silenced for speaking out on human rights,…
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Red Lobster’s parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the third quarter of the year because its $20 shrimp promotion wasn’t very profitable…
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Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation. Despite a string of positive indicators recently regarding prices, the…