A customer views a digital menu at the drive-thru outside a McDonald’s restaurant in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images McDonald’s decision to raise royalty fees for the first time in nearly three decades doesn’t mean a wave of franchisees across corporate brands are about to see …
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Think of your biggest investing success. Maybe it was a mega-sized company whose stock you bought when it was just a startup. Maybe you got in and out of crypto at the right time. Maybe you even managed to cash in on a meme stock. There are many reasons why …
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Ark Invest’s Cathie Wood said this week that investors in her firm’s flagship Ark Innovation ETF (ARKK) stand to profit given the artificial intelligence boom. “We’re ready for prime time,” she told Bob Pisani on CNBC’s “ETF Edge” on Monday. “The dream [of AI] is no longer; it’s a reality.” …
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Lifestylevisuals | E+ | Getty Images The average 30-year fixed mortgage rate just hit 8% for the first time since 2000, putting housing financing costs at historically high levels. Given high prices and high interest rates, homebuyers must earn $114,627 to afford a median-priced house in the U.S., according to …
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The yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years on Thursday, causing a ripple effect that could raise rates on mortgages, student debt, auto loans and more. After Federal Reserve Chair Jerome Powell said “inflation is still too high,” expectations that the U.S. central bank could continue to …
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More than 100 mayors attended Bloomberg CityLab’s Mayors Innovation Studio to learn about using artificial intelligence in city government. Courtesy of Bloomberg Philanthropies More than 100 mayors descended on Washington, D.C. this week to learn how generative AI tools like OpenAI’s ChatGPT could help them better run their cities. The …
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Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023. Patrick T. Fallon | AFP | Getty Images Stock Chart IconStock chart icon Regional banks selling off Regions Financial, a Birmingham, Alabama-based lender, posted a 6.5% decline in net interest income (NII) compared with …
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Solar panels at the ENGIE Sun Valley Solar project in Hill County, Texas, on March 1, 2023. Mark Felix | AFP | Getty Images Solar stocks tumbled on Friday after solar product manufacturer Solaredge warned that demand in Europe has significantly weakened, furthering battering sentiment on the renewable energy sector …
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Bitcoin extended its weekly gains on Friday, briefly topping $30,000 at one point for the second time this week, as confidence a spot bitcoin ETF will soon be greenlit grew and crypto investors continued weighing uncertainty in the U.S. and abroad. The price of the flagship cryptocurrency was recently up …
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Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn’t envision interest rate cuts happening until well into 2024. Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches …
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