A sign hangs outside of a CosMc’s restaurant, a concept recently launched by McDonald’s on December 11, 2023 in Bolingbrook, Illinois. Scott Olson | Getty ImagesMcDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s.To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago in the Chicago suburb of Bolingbrook, followed by six more in Texas. McDonald’s has converted larger namesake restaurants into CosMc’s, in addition to building smaller prototype locations.The smaller stores work better for the test, the company said Thursday. As a result, McDonald’s will close three of its larger format…
Author: usaeverydaylife
MIAMI GARDENS, Fla. — Before Mitch Jeter’s 41-yard field goal sent Notre Dame to the national championship game, before Christian Gray’s diving interception set it up or before Jeremiyah Love’s mutant performance on a braced right knee, Marcus Freeman stood before his team inside the Diplomat Hotel on Hollywood Beach on Wednesday afternoon.Notre Dame’s head coach had just returned from a final news conference before kickoff, the kind of throwaway media gathering usually forgotten before the last bowl trophy photo can be snapped. This wasn’t one of those times. Not for Freeman, Notre Dame’s head coach whose youth had cut…
Stocks are looking more primed for a correction as the new trading year kicks off, according to Goldman Sachs. After an unusually strong two-year surge, Peter Oppenheimer, Goldman’s chief global equity strategist, said there could be a short-term digestion period for stocks before further gains can be made. He noted that the two-year performance from 2023 to 2024 ranks in the 93rd percentile over the past 100 years, underscoring just how far up the market has run. “The powerful rally in equity prices in recent months leaves equities ‘priced for perfection,'” Oppenheimer wrote to clients. “While we expect equity markets…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
With investor confidence in the Federal Reserve’s interest rate path fast dwindling, the inflation data next week will be of paramount importance for a flagging market. The earnings season is also starting to ramp up once more. Stocks posted a second straight losing week, after this week’s strong economic data added to fears that the Fed will cut even less than it projected last month, when policymakers penciled in just two quarter-point cuts for 2025. Friday’s blowout jobs number exacerbated the sell-off, with the Dow Jones Industrial Average falling nearly 700 points. The bond market is in turmoil as well,…
There are still a number of difference-making free agents on the board and likely some significant trades still to come, but let’s take stock of each team’s offseason moves — or lack thereof.The teams that have had the best offseasons so far include the Yankees, Dodgers, Mets, Diamondbacks, Cubs and Red Sox. The worst? It has to be the Mariners, Padres and Cardinals, who have all gotten nothing of note done this winter. But, of course, there’s still time.With about a month until pitchers and catchers report to spring training, here are my “midterm” grades for each team, along with…
Mauro Morandi, whose 32-year sojourn on an uninhabited Mediterranean island led to his being known as Italy’s Robinson Crusoe, died on Jan. 3 in Modena, Italy. He was 85.The cause was a brain hemorrhage, said Antonio Rinaldis, who wrote a 2023 book with Mr. Morandi about his life on the island.Unlike Daniel Defoe’s hero, who was shipwrecked and fervently hoped to be rescued, Mr. Morandi chose his life of solitude.He said he had fallen in love at first sight with Budelli, a pristine, undeveloped island off the northern tip of Sardinia. He arrived in 1989, somewhat by chance, he said…
‘Fast Money’ traders talk new chapter of M&A activity in the luxury goods space. Source link
Pavlo Gonchar | Lightrocket | Getty ImagesThe U.S. has sued to block a proposed merger between American Express Global Business Travel Group and CWT Holdings, saying the $570 million deal would eliminate competition between the largest and third largest providers of business travel management services.The deal threatens to undermine competition for those services in the U.S., the Department of Justice said in the lawsuit filed in Manhattan federal court on Friday.”American businesses will face the consequences, seeing higher prices, less innovation and fewer choices,” Doha Mekki, head of the DOJ’s Antitrust Division, said.A spokesperson for GBTG said the case is…
File: Guests eat at Great Maple Restaurant at the Pixar Place Hotel at the Disneyland Resort in Anaheim, CA.Paul Bersebach | Medianews Group | Getty ImagesA former Disney employee agreed to plead guilty in a federal criminal case where he is accused of hacking into menu-creation software for the company’s restaurants, to falsely indicate that certain food items did not contain potentially deadly allergens such as peanuts, a court filing Friday shows.Michael Scheuer is also accused of making other changes to Disney restaurant menus, including altering fonts, causing some pages to be blank and changing information about wines to replace…
