Business Insider reports that McDonald's franchisees are optimistic about the future of the business. The franchisees optimism is higher than it has been in years, according to Kalinowski Equity Research's quarterly survey. McDonald's sales have been driven by speciality meals and new items like Spicy McNuggets. The fast-food giant has also profited from sit-down restaurants' struggles.
On Tuesday, Amazon announced Tuesday that it's hiring 100,000 seasonal workers ahead of the holidays. The company said it's looking for workers across experience and skill levels to help pack and ship holiday orders. Business Insider reports that the new roles bring Amazon's total hiring to more than 400,000 since March. The company has faced a rise in online orders amid the coronavirus pandemic.
On Saturday, Sen. Lisa Murkowski said that will vote to confirm Amy Coney Barrett to the Supreme Court. Murkowski was opposed to confirming a Supreme Court judge to the court so close to the election. She decided to back Barrett due to her judicial philosophy. "I have concluded that she is the sort of person we want on the Supreme Court," Murkowski said. "I have no doubt about her intellect," she said from the Senate floor. Business Insider reports that Barrett is on the verge of confirmation.
On Monday, Dunkin' Brands surged 18%. The New York Times reported that Dunkin' Brands held preliminary talks to go private in a deal worth at least $8.8 billion. Dunkin' confirmed that it is in talks to go private. Inspire Brands would buy out Dunkin' for $106.50 per share. Business Insider reports that increase represents a potential upside of 20% from Friday's close. Inspire Brands is a private-equity backed firm that owns Arby's, Buffalo Wild Wings, Sonic Drive-In, and Jimmy John's.
America's coronavirus deaths could surpass 511,000 by the end of February. According to Business Insider, the staggering number comes from a new University of Washington model. The model also found that nearly 130,000 of those lives could be saved if 95% of Americans wore masks. The problem officials found is that only 60% of Americans say they always wear a mask in public. Researchers found that mask-wearing could also delay the need for lockdowns.
U.S. stocks tumbled on Monday, with the S&P 500 posting its biggest daily decline in four weeks, as soaring coronavirus cases and uncertainty about a fiscal relief bill in Washington dimmed the outlook for the U.S. economic recovery. This report produced by Yahaira Jacquez.
JPMorgan Chase & Co said on Thursday it would commit $30 billion to address racial inequality over the next 5 years, marking one of the largest corporate pledges related to race since the death of George Floyd. Freddie Joyner has more.
Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday. Business Insider reports better-than-expected trends in retail sales, the housing market, and hiring. BoA lowered its fourth-quarter projection to 3% from 5%. Failed stimulus negotiations are growing increasingly likely. No new aid could be a speed bump for the American economy. BoA made the adjustment after Senate Democrats blocked Republicans' $500 billion measure on Thursday.
KFC KFC announced Monday that it's bringing back its fried chicken-scented fireplace log for the third year in a row. Customers can purchase a log for $15.88 on Walmart's website and at select store locations. KFC is known for its wacky marketing tactics and unusual products. With the holiday season fast approaching, KFC is bringing back its chicken-scented firelog for the third year running.
Walmart said it filed a lawsuit against the federal government, seeking clarity on the roles and legal responsibilities of pharmacists and pharmacies in filling opioid prescriptions. Conway G. Gittens has more.
Fortnite developer Epic Games is suing Apple and Google after both companies pulled Fortnite from their stores.The game was pulled from the Apple App store and Google Play just hours after the Fortnite..
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