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McDonald’s $5 value meals lure back inflation-battered customers as Starbuck’s, Chili’s also see boost: survey

McDonald’s $5 value meals lure back inflation-battered customers as Starbuck’s, Chili’s also see boost: survey

While a small handful of certain concepts may be outliers in terms of their specific sales trends for most restaurant chains 2024 will not be a great year.”


Wall Street power brokers flock to Jean-Georges Vongerichten’s Four Twenty Five for ‘power hour’ after markets close

Wall Street power brokers flock to Jean-Georges Vongerichten’s Four Twenty Five for ‘power hour’ after markets close

At Le Pavillon, regulars include Peter Bazeli, principal and managing director of the real estate development advisory firm Weitzman, who hits the power hour three or four times a week before catching his 6:02 p.m. train home to Pelham, Westchester County.


Tech titans at Sun Valley ditch deals to discuss Biden’s cognitive decline, predict Trump victory

Tech titans at Sun Valley ditch deals to discuss Biden’s cognitive decline, predict Trump victory

Rainomdo served as Rhode Island governor from 2015 to 2021 and Moore ran the Robin Hood foundation — a popular charity for Wall Street donors that was started by hedge fund billionaire Paul Tudor Jones.


Bitcoin soars to nearly $63K after crypto-backer Trump survives assassination attempt

Bitcoin soars to nearly $63K after crypto-backer Trump survives assassination attempt

Bitcoin surged to a two-week high on Monday after the attempted assassination of presidential candidate Donald Trump raised the odds of the former president, who has presented himself as a champion of cryptocurrency, winning the upcoming election.


NYC food-delivery workers losing jobs after minimum wage hike — even as menu prices soar: report

NYC food-delivery workers losing jobs after minimum wage hike — even as menu prices soar: report

A December law that hiked pay to nearly $20 an hour – which delivery apps including Doordash, Grubhub and Uber Eats had tried to block with a lawsuit last year – is boosting paychecks significantly, according to the report by the city’s Department of Consumer and Worker Protection.


Famed investor Mario Gabelli preparing possible challenge to Paramount deal: ‘Operation fish bowl’

Famed investor Mario Gabelli preparing possible challenge to Paramount deal: ‘Operation fish bowl’

This does not strip out some of the other assets that National Amusements holds besides its Paramount stake, including movie theaters and real estate.


PepsiCo revenue disappoints as inflation-battered customers cut back on snack spending

PepsiCo revenue disappoints as inflation-battered customers cut back on snack spending

“It’s not a business to sit on its hands and there is a clear focus on profitable growth, so PepsiCo is going to have to pull various levers depending on products to try and stay on top,” an investment analyst told Reuters.


Roger Goodell talks NFL private equity deals, Bill Gates spotted with girlfriend in Sun Valley

Roger Goodell talks NFL private equity deals, Bill Gates spotted with girlfriend in Sun Valley

Other notable power couples seen in Sun Valley were Amazon co-founder Jeff Bezos and his fiancée Lauren Sanchez, who lounged out in a golf cart between meetings, and supermodel Karlie Kloss and her husband, Thrive Capital boss Josh Kushner.


Rampant infighting among top brass reportedly plagues $250M LA women’s soccer team eyed by Disney’s Bob Iger, wife Willow Bay

Rampant infighting among top brass reportedly plagues $250M LA women’s soccer team eyed by Disney’s Bob Iger, wife Willow Bay

The couple, which have reportedly agreed to pay $50 million for a majority stake in Angel City FC, will inherit a team that has been beset by rampant infighting among its founders and board members that include allegations of racial microaggressions and nepotism, according to The Wall Street Journal.


Companies going bankrupt at the fastest pace since 2020 in ‘historic surge’

Companies going bankrupt at the fastest pace since 2020 in ‘historic surge’

“The economy has weathered the Fed’s higher-for-longer strategy admirably well, but there is a mounting threat that the ongoing pressure will expose fault lines in the financial system,” Moody’s chief economist Mark Zandi wrote in a recent Washington Post op-ed.


Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse

Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse

Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm.


Samsung launches first-of-a kind smart ring, watch with AI features to help monitor your health

Samsung launches first-of-a kind smart ring, watch with AI features to help monitor your health

Both Samsung’s watch and ring are leaning on AI to do a better job of analyzing biometric data collected from the person wearing the devices to customize assessments of their well-being through an “energy score” that will deliver ratings on a one to 100 scale and also make recommendations like a virtual fitness coach.