McDonald’s burger empire set for unprecedented growth with 10,000 new stores
Ahead of a day-long event for investors, the Chicago burger giant said Wednesday that it aims to have 50,000 restaurants in operation worldwide by the end of 2027.
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Big bank CEOs warn that new regulations might severely impact economy
The heads of the nation’s biggest banks told Congress there are reasons to be concerned about the health of U.S. consumers—particularly poor and low-income borrowers.
Google ups stakes in AI race with more human-like Gemini
Google took its next leap in artificial intelligence Wednesday with the launch of an AI model trained to behave in human-like ways that’s likely to intensify the debate about the technology’s potential promise and perils.
Actors vote to approve deal that ended strike, bringing relief to union leaders and Hollywood
But the outcome is a major relief for SAG-AFTRA leaders and an entertainment industry that is attempting to return to normal after months of labor strife. And it brings a final, official end to Hollywood labor’s most tumultuous year in half a century, with two historic strikes that shook the industry.
Trial deciding if JetBlue can buy Spirit—and further consolidate the industry—nears its end
A Justice Department lawyer argued that the deal would push fares higher by 30% and leave fewer options for travelers on a budget.
Supreme Court signals it will uphold tax on foreign income, leave wealth tax for another day
Conservative and liberal justices voiced concerns that ruling for a couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code.
UPDATE: NCAA president calls for new tier of Division I where schools can pay athletes
NCAA President Charlie Baker is seeking a new tier of Division I in which schools with the most athletic resources can offer unlimited educational benefits, enter into name, image and likeness partnerships with athletes, and directly pay them through a trust fund.
U.S. job openings fall to lowest level since March 2021 as labor market cools
The unemployment rate has come in below 4% for 21 straight months, the longest such streak since the 1960s.
Biz economists predict cooling inflation, recession avoidance
Only 24% of economists surveyed by the National Association for Business Economics said they see a recession in 2024 as more likely than not.
OxyContin maker’s bankruptcy deal hits Supreme Court, with billions at stake
The agreement hammered out with state and local governments and victims would provide billions of dollars to combat the opioid epidemic. The decision also has implications for other major product liability lawsuits settled through the bankruptcy system.
Indiana Pacers assistant Jim Boylen thankful for USA Basketball coach of year award
Boylen had 52 different players and seven different assistant coaches over the span of the World Cup qualifying tournament. Those groups did their job; they got the U.S. into the World Cup.
U.S. joins other nations in swearing off coal power to clean the climate
No date was given for when existing coal-powered plants would have to go, but other Biden regulatory actions and international commitments already in the works had meant no coal by 2035.
Jury orders egg suppliers to pay $17.7 million in damages for price gouging in 2000s
Indiana-based Rose Acre Farms, determined by a jury to be part of the conspiracy, said it would continue to consider all legal options, including post-trial relief and appeal.
Fed’s Powell notes inflation is easing, but says further progress is needed
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said in prepared remarks Friday.
Proposed rules aimed at curbing China could make it harder to get full EV tax credit
Plans outlined by the departments of Treasury and Energy would limit electric vehicle buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States.
Cities must replace lead pipes within 10 years under new EPA plan
It is the strongest proposed overhaul of lead rules in more than three decades, and will cost billions of dollars.
Ford says UAW strike cut sales by 100,000 vehicles, cost company $1.7B in profit
Additional labor costs from the agreement will total $8.8 billion by the end of the contract, translating to about $900 per vehicle by 2028, Ford Chief Financial Officer John Lawler said in a company release.
UPDATE: IU hires James Madison’s Cignetti as new football coach
Curt Cignetti, 62, has spent the past five seasons at James Madison University, which plays in the Sun Belt Conference.
Total GivingTuesday donations up slightly this year, with 10% fewer donors participating
Not-for-profit organization GivingTuesday estimates that donors gave $3.1 billion this year on what has become one of the most important fundraising days of the year.
Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
In her ruling, the judge said the court lacked personal jurisdiction over the case and reaffirmed a previous court ruling that found downloading a free app does not count as consumer transaction under the Indiana Deceptive Consumer Sales Act.