Author: Editor

People walk by a McDonald’s restaurant on March 11, 2026 in Las Vegas, Nevada. Kevin Carter | Getty ImagesMcDonald’s on Monday unveiled its latest global growth strategy to help the fast-food giant become customers’ first choice as it faces new rivals and consumer spending stretched by high gas prices.A new restaurant design, better tasting food and drinks, consumer-led innovation and improved customer service are the four cornerstones of the new plan, which the company calls “McDonald’s > NEXT.” Executives made the announcement at McDonald’s biennial Worldwide Convention for franchisees, held this year in Las Vegas. The chain released its last…

Members of the United Auto Workers rally for better wages as contract negotiations begin with Dauch Corp. in Three Rivers, Michigan, March 29, 2026.Jim West | Universal Images Group | Getty ImagesDETROIT – Nearly 1,000 workers at a Michigan supplier plant that makes parts for General Motors pickup trucks went on strike Monday after not reaching a new contract with the company.The United Auto Workers union on Monday confirmed workers at an axle and components plant in Three Rivers, Mich. for Dauch Corp. (formerly known as American Axle and Manufacturing) walked out of the factory and onto picket lines at…

Scott Mager, Deloitte’s US chief marketing officer, has taken an atypical path to the CMO title. He moved into the CMO role in 2022, after more than 14 years as the US practice leader for Deloitte Digital’s advertising, marketing, and commerce business.Mager told Business Insider that his experience running P&Ls gives him perspective on how the CMO role is evolving.”The role is really pivoting from brand to growth,” he said during the video interview with Business Insider. “With everything we do, our focus is on our business partners, making sure that what marketing is doing helps grow the business,” Mager…

The announcement of a megadeal between Berkshire Hathaway and top 10, publicly traded homebuilder Taylor Morrison Home came as a surprise to most in the industry. The consensus, however, is that it makes perfect sense and may signal optimism in a currently beleaguered housing market. Berkshire Hathaway agreed Sunday to acquire the nation’s sixth-largest publicly traded builder in a $6.8 billion deal. The offer represents a 24% premium to the homebuilder’s closing price on May 29 and values the company at about $8.5 billion, including debt.It comes at a time when the U.S. housing market is struggling under higher and…

As I drove south down the interstate from Seattle, towering evergreens lining the way on either side, I couldn’t help but wonder if I’d made the right choice.I was on my way to join my new fiancé in San Antonio. We met at a concert in Seattle about a year before, and fell instantly in love. We danced most of the night, talked long after the lights went up, and planned our first date for the next afternoon.After almost a year of a long-distance romance, he proposed. I was over the moon and couldn’t wait for us to be together.There…

Barry Diller’s People Inc. has offered to buy casino giant MGM Resorts for $48.30 per share in cash. MGM is the company behind major Las Vegas properties including Bellagio and Aria. Shares of MGM were up roughly 11% in early trading Monday. Shares of Diller’s firm were up 2%. Diller already sits on the board of MGM Resorts and would recuse himself from board actions on the proposed deal, he said in a letter to the MGM board of directors. People Inc., formerly known as IAC, owns a roughly 26.1% stake in MGM.”We began investing in MGM nearly six years…

Michael Burry says he has major doubts about SpaceX and Anthropic’s lofty valuations.In recent discussion threads on his Substack, the investor of “The Big Short” fame questioned the worth of Elon Musk’s rocket, satellite, and AI company, and the maker of popular AI model Claude.”Any move up will be on hype and technicals,” Burry wrote about SpaceX stock in a subscriber chat he started on Saturday. “Nothing in that S-1 suggests it is worth $1 trillion let alone $2 trillion.”SpaceX filed an IPO prospectus known as an S-1 on May 20, revealing that last year it made $18.7 billion in…

Tuition costs keep rising, recent graduates face an uncertain job market, and many families question how much a college degree is really worth.There are parts of the college experience that are hard to quantify, from building a network to learning how to think critically and live independently.There’s one thing, however, that can help put the financial value of a college degree into perspective: how much money you earn once you have it.Each year, the Department of Education publishes data on college costs, student debt, completion rates, and earnings outcomes for students who received Title IV federal aid, about 13 million…

Matthias Balk | Picture Alliance | Getty ImagesFive years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit.It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand. But even after the Federal Reserve took some froth off by starting to raise interest rates in 2022, many founders believed that they could grow into their inflated valuations, investors told CNBC.Then, an app called ChatGPT arrived.”The ChatGPT moment was when people said, ‘Holy smokes, the next…

This as-told-to essay is based on a conversation with Jill Gardner, family president at the Laird Norton Company. It has been edited for length and clarity.When I married my husband, Doug, I also married into his family business. My husband and his cousins are the fifth generation of his family to own the Laird Norton Company. The business was founded in 1855 by two brothers and their cousin as a lumber operation. Today, we’re an investment firm that’s involved with a variety of sectors.I was 24 when I got married, and I didn’t have a clue what was going on…