Yum Brands, the parent company of fast-food brand KFC, reported lower-than-expected quarterly sales on Wednesday.
Industry
LG Chem Signs Deal With GM to Build $3 Billion EV Battery Cathode Factory — The Largest of Its Kind in the US
LG Chem has entered into an agreement with General Motors (GM), which includes a plan to build a massive battery cathode factory in Tennessee.
Joe Biden Calls on Snack Companies to 'Put a Stop' to Shrinkflation Ahead of Super Bowl
President Joe Biden has voiced his concern over "shrinkflation," a business practice that involves cutting product sizes while keeping prices the same.
Biden Administration Unveils $11 Billion Semiconductor R&D Initiative to Create More Jobs for Americans
The Biden administration has announced an $11 billion investment in semiconductor-related research and development and a $5 billion fund to launch the National Semiconductor Technology Center.
US Imposes Sanctions on 4 Entities for Carrying Russian Oil Priced Above the Western Price Cap
The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberian tanker for violating the price cap on Russian oil.
Latest News
Disney is investing $1.5 billion in Epic Games, its biggest venture yet in the gaming industry. Disney announced on Wednesday that it will invest $1. 5 billion in Epic Games, marking its largest venture into the gaming industry to date.
The Iranian-backed Houthi rebels fired missiles at two commercial vessels in the Red Sea on Tuesday, the first attacks since the US and UK launched strikes against dozens of Houthi targets in Yemen over the weekend.
Taiwan Semiconductor Manufacturing Co. (TSMC) has announced its plan to establish a second manufacturing plant in Japan, with support from tech giant Sony and carmaker Toyota.
Walt Disney's ESPN, Fox, and Warner Bros. Discovery have announced plans to collaborate on a new sports streaming service.
Oklahoma will bear witness to a new wind farm that will supply around 40,000 households with clean energy.
McDonald's has rolled out its "Best Burgers" in all locations across the US. McDonald's has rolled out the upgraded version of its famous burgers in all locations across the United States (US), aiming to enhance customers' overall eating experience through what it calls the "Best Burger" initiative.
Electricity consumers in the Philippines may face another increase this February, according to Meralco.
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Meta CEO Mark Zuckerberg is set to receive an annual payout of approximately $700 million from the tech giant's new dividend.
