McDonald's admits losing customers because lower-income Americans prefer to cook at home instead of dining out.
Sectors
Shorecliff Asset Management Surges, Tripling Assets to $500 Million in Just One Year
Shorecliff Asset Management, co-founded by Grant Nachman and Anthony La Lota, tripled its assets to over $500 million. It pivots towards higher-quality credit investments and achieves remarkable returns.
Alabama Government Websites Suffer Multiple DDoS Cyberattacks Due To 'Political Reasons
Alabama's state and city governments face DDoS attacks, with officials defending against website disruptions, while Birmingham deals with network issues due to the widespread cyber incidents.
EU Commission Launches Formal Investigation into Alibaba's AliExpress Over Illegal Content Concerns
The European Commission launched a probe into AliExpress for alleged dissemination of illegal content and pornography under the Digital Services Act, marking the third formal investigation.
Fisker’s Stock Plunges Over 40% After EV Maker Reportedly Explores Bankruptcy
Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future.
Latest News
Chubb CEO Evan Greenberg has defended the company's decision to provide former President Donald Trump with a $91.6 million appeal bond in E. Jean Carroll's defamation case.
Elon Musk's decision to cancel "The Don Lemon Show" on his social media platform X after he sat for the program's first interview has stirred controversy.
The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy.
Microsoft has announced the upcoming launch of its latest AI-powered cybersecurity tool, dubbed "Copilot for Security."
A former executive of Semiconductor Manufacturing International Corporation (SMIC), the largest chip foundry in China, has reportedly joined ChangXin Memory Technologies (CXMT), the country's leading memory chip maker, to lead research and development.
Enterprise organizations are routinely seeking new ways to drive transformation. Recently, market conditions have created a disproportionate advantage for corporates to pursue this transformation by partnering with startups for mutual benefits. The VC ecosystem is more risk-averse, demanding validation of startups' business models via product-market fit, profitability, and commercialization.
Epic Games seeks the court to hold Apple in contempt for failing to open its App Store to external payment sources after Apple approved third-party apps with payment processing links.
Kaspersky study reveals APAC businesses rapidly adopt AI and IoT, with cybersecurity challenges looming. There is an urgent need for a skilled workforce and robust strategies.
Interest in electric vehicles is falling due to several factors, including a lack of charging infrastructure, increasing costs of raw materials, and financing rates.
