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Economy
478 posts
Exclusive—Papa John’s Founder John Schnatter: The Troubling Future for Fast Food Franchisees
Fast food is an American innovation that has been around for over 80 years. Despite lasting durability, the unit economics for fast food brands and franchisees have been strained to a breaking point. When the team and I built Papa John’s to over 5,000 stores worldwide, I did not see them as one big corporation
Donald Trump falsely questions Kamala Harris’ race as he appears at gathering of Black journalists
Donald Trump falsely suggested Kamala Harris had misled voters about her race as the former president appeared before the National Association of Black Journalists in Chicago Wednesday in an interview that quickly turned hostile Donald Trump falsely questions Kamala Harris’ race as he appears at gathering of Black journalistsBy MATT BROWN and MICHELLE L. PRICEAssociated
Fed Holds Interest Rates At 23-Year High—Hints Inflation Improving With First Rate Cut ‘On The Table’
Forbes Business Breaking Fed Holds Interest Rates At 23-Year High—Hints Inflation Improving With First Rate Cut ‘On The Table’ Derek Saul Forbes Staff Derek Saul has covered markets for the Forbes news team since 2021. Following Jul 31, 2024, 02:47pm EDT Share to Facebook Share to Twitter Share to Linkedin Topline The Federal Reserve announced
Kamala Harris takes massive lead over Trump in these four critical battleground states
Vice President Kamala Harris has taken a commanding lead in the presidential race against former President Donald Trump in four key battleground states. There has been a major shift from when President Joe Biden was still in the race and Trump had an advantage in swing states, according to the latest Bloomberg News/Morning Consult survey.
US Polling ‘Nostradamus’ Issues Trump ‘Authoritarian’ Warning
Presidential historian Allan Lichtman has issued a warning over the threat he believes former President Donald Trump would pose to American democracy. At the recent Turning Point Action's Believer's Summit, Trump said: "Christians, get out and vote just this time. You won't have to do it anymore. Four more years, you know what? It will
Fears Labour’s public sector pay splurge could stop BoE cutting interest rates for struggling Brits in crunch decision TOMORROW
Fears have been raised that Labour's bumper pay deals will stop the Bank of England cutting interest rates tomorrow. Threadneedle Street is set to make a knife-edge call on whether to lower the cost of borrowing from a 16-year-high of 5.25 per cent. The prospects were boosted by inflation returning to the Bank's 2 per
Bank of Japan raises interest rate for second time in 17 years
The Bank of Japan further unwound its massive monetary easing programme on Wednesday by hiking interest rates for only the second time in 17 years and indicating plans for more if the economy performs as officials expect. The institution’s long-standing ultra-loose policies have made it an outlier among central banks in recent years and driven
Samsung Electronics Q2 shows fastest growth in over a decade
Samsung Electronics Wednesday reported its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. The world’s largest memory chip maker posted an operating profit of 10.44 trillion won ($7.5 billion) “as favourable memory market conditions drove higher average sales
Yen rises ahead of Bank of Japan decision as rate hike talk swirls
The yen extended its rally against the dollar Wednesday ahead of a much-anticipated Bank of Japan announcement, with debate centred on whether it will hike interest rates, while equities mostly rose on growing hopes for a cut in US borrowing costs. With the two biggest economic events of the week looming, traders were jockeying for
Billson’s Brewery collapses after almost 160 years in business
Australian beverages brand Billson's has plunged into voluntary administration as a perfect storm of challenges strikes independent brewers. Husband-and-wife team Nathan and Felicity Cowan, who ran the historic brewery in Beechworth, northeast Victoria, are devastated by the collapse of the company which was founded in 1865. The couple blamed the downfall of the ready-to-drink canned vodka