In this article MCD A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir
In this article M Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still healthy and spending. But, as escalating oil prices translate into higher prices at the gas pump and bigger grocery bills, the department
In this article VOW3-DE VW ID. Buzz VW Volkswagen is resurrecting its iconic microbus — the quintessential van associated with traveling Deadheads and the 1960s counterculture — as an all-electric van called the ID. Buzz. The German automaker on Wednesday finally unveiled the electric vehicle as a 21st-century descendent of its T1 Microbus. VW has
In this article DIS A view of Mickey Mouse at the Walt Disney World theme park entrance in Lake Buena Vista, Florida. Octavio Jones | Getty Images The Walt Disney Company is now publicly opposing Florida’s controversial “Don’t Say Gay” bill. On Wednesday, CEO Bob Chapek addressed the company’s stance on the bill and acknowledged
Cars make their way toward downtown L.A. during the morning commute on April 22, 2021 in Los Angeles, California. Mario Tama | Getty Images The Biden administration is restoring California’s authority to set its own rules on greenhouse gas emissions from cars, pickups and SUVs, a move that rolls back a Trump-era decision and puts
A customer picks up a package of Impossible Burger plant based meat during the Impossible Foods Inc. grocery store product launch at Gelson’s Markets in Los Angeles, California, U.S., on Friday, Sept. 20, 2019. Patrick T. Fallon | Bloomberg | Getty Images Impossible Foods is suing Motif FoodWorks for patent infringement, claiming that the start-up’s
In this article SFIX The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares tumbled in extended trading Tuesday
In this article WOOF SHEL-GB CVX SPWR ENPH A sign is posted in front of a Chevron gas station on July 31, 2020 in Novato, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Shell — Shares of Shell popped 2.7% after the company announced it was stopping all
Stocks posted sharp gains on Wednesday as recently surging commodity prices, especially oil, cooled off while the war in Ukraine continues. The Dow Jones Industrial Average rose about 700 points, or about 2.2%, helped by gains in Salesforce, Nike and JPMorgan. The S&P 500 climbed about 2.8%, on pace for its best day since May
Chinese President Xi Jinping and Russian President Vladimir Putin attend a meeting during the BRICS (Brazil, Russia, India, China, and South Africa) summit in Brasilia on November 14, 2019. Pavel Golovkin | Afp | Getty Images BEIJING — Since taking office last year, President Joe Biden has pursued a strategy of restoring relationships with allies
In this article PEP THO EXPR CPB SFIX AMZN Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to
U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies. It’s a long-awaited directive that has had the crypto industry on edge, not least due to growing regulatory concern around the world surrounding the nascent digital asset market. There had been reports of