McDonald’s Corp has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen’s $10 billion lawsuit accusing the fast-food chain of not advertising with Black-owned media.
Category Archives: business
Mortgage demand rises for the first time in six weeks despite sharply higher interest rates
Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest
Gap eliminates 500 corporate jobs amid shrinking profitability
Gap Inc. is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated
For Black-owned businesses, concerns extend beyond inflation, supply chain issues
“We know that when something is bad for all small businesses in America, it’s worse for Black-owned businesses,” said economist Nicholas J. Hill.
Major averages close about 1% lower as yields rise ahead of Fed rate decision
Stocks tumbled on Tuesday as the sell-off on Wall Street mounted and investors braced for another large rate hike due out Wednesday from the Federal Reserve.
They put their faith in a God-fearing man selling them tiny homes. Now they’re suing him for fraud.
Matt Sowash promoted his tiny homes on TikTok and sold them online. In filed federal and state lawsuits, buyers are saying he did not deliver on his promises.
Family Dollar recalls Colgate products sold in 11 states after improper storage
Family Dollar is recalling six Colgate products sold stores in 11 different states because they were stored outside of recommended temperature requirements.
Some investors fear Fed will tighten rates too far as inflation bites
Just months ago, investors worried the Federal Reserve was not fighting inflation aggressively enough.
Dow drops 300 points, traders fret over FedEx warning as Wall Street eyes weekly loss
Stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an ugly earnings warning from FedEx about the global economy.
Bed Bath & Beyond releases list of 56 stores it plans to close
Bed Bath & Beyond has released a list of the initial 56 stores it plans to close as part of a broader restructuring to stabilize the home goods chain’s