Economy

Economy
Economy

McDonald’s to spend $8.5B on revamping restaurants, tech and franchise support

McDonald’s is placing a massive bet on the future of fast food with a sweeping investment plan designed to modernize its global footprint. During a recent investor event at its Chicago headquarters, the company unveiled the specifics of its NEXT growth and productivity strategy, pledging approximately 8.5 billion dollars in support for franchisees through 2036.

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Economy

Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions

President Donald Trump is weighing the possibility of banning diesel exports in an effort to curb skyrocketing fuel costs, sparking a sharp warning from the oil industry that such a move would actually drive prices higher. Speaking on the sidelines of the United Nations General Assembly, Trump suggested that since the United States produces significant

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Economy

Treasury yields surge to near 20-year high as oil jumps back above $103 per barrel

Financial markets faced a turbulent session on Wednesday as U.S. Treasury yields surged toward their highest levels since 2007, coinciding with a sharp spike in oil prices that pushed international Brent crude back above 103 dollars per barrel. The sudden climb in the 10-year Treasury yield, which peaked at 5.13 percent, sent immediate shockwaves through

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Economy

Trump reveals millions of dollars’ worth of share deals in big tech and AI

President Donald Trump has revealed a series of high value financial disclosures detailing millions of dollars in stock market activity throughout July. Official filings indicate an aggressive appetite for big tech and artificial intelligence, featuring significant movements in shares of industry giants like Microsoft. According to the documents, sales of Microsoft stock on behalf of

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Economy

As AI leaders warn of catastrophe, US and China shun slowdown calls

Industry titans and leading researchers are sounding the alarm over the breakneck speed of artificial intelligence development, warning that without a global slowdown, humanity could face catastrophic or even existential risks. Despite these urgent pleas for caution, the world’s two dominant tech superpowers, the United States and China, show no intention of hitting the brakes.

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Economy

Nearly 10% of borrowers opted for riskier mortgages last week, as rates soared over 7%

Homebuyers are increasingly turning to riskier financial waters as mortgage rates climb to their highest levels seen since early 2024. According to the latest data from the Mortgage Bankers Association, the average contract interest rate for a standard 30 year fixed rate mortgage jumped to 7.12 percent last week. This spike has sent shockwaves through

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Economy

AI looms large over Trump-Xi meeting amid deep distrust between US and China | US foreign policy

Chinese leader Xi Jinping arrives in Maryland this Wednesday for a high stakes state visit that could be defined more by optics than actual breakthroughs. While President Donald Trump has displayed a level of personal warmth toward Xi that surpasses his immediate predecessors, experts warn that the atmosphere remains thick with suspicion. This encounter follows

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Economy

Should You Buy Micron Before Sept. 30? 1 Number Could Send the Stock Soaring

As September 30 approaches, all eyes are on Micron as the memory chip giant prepares to release its fourth quarter earnings after the closing bell. The company has become a central figure in the artificial intelligence gold rush, seeing its valuation skyrocket as the massive demand for AI computing creates a critical shortage of memory.

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Economy

Wall Street’s Nasdaq hits all-time high as AI frenzy gathers pace

Wall Street pushed into uncharted territory on Tuesday as the Nasdaq Composite climbed to a fresh all time high, fueled by an unrelenting appetite for artificial intelligence stocks. Despite lingering anxieties over AI safety protocols and stretched valuations across the tech sector, investors seemed determined to double down on the industry’s growth potential. The broader

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Economy

Trump says he backs diesel export ban to curb soaring energy costs

Donald Trump announced on Tuesday his support for a potential ban on diesel exports, echoing calls from several U.S. politicians seeking to lower skyrocketing energy costs. The proposal comes as diesel prices reach historic peaks across both the United States and Europe, driven by geopolitical instability and conflicts in Iran and Ukraine that have severely

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