The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank’s policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between …
Friday’s attacks in Paris have cast a shadow over the Group of 20 summit, which opened Sunday in Antalya, in southern Turkey. Leaders of 20 major economies agreed to step up the battle against ISIS and to ease the wider conflict in Syria. After a moment of silence for the victims in Paris, Turkish President …
McDonald’s franchisees say the company’s all-day breakfast launch has been a nightmare. The new menu is slowing down service, reducing average ticket costs, and causing chaos in the kitchens, franchisees told Nomura analyst Mark Kalinowski in a new survey. “In small stores, the problems are vast with people falling over each other and equipment jammed …
The federal Bureau of Prisons, a subdivision of President Barack Obama’s Justice Department, has banished all pork products from the menus in all federal prisons, according to a report in the Washington Post. The government says it made the decision to do this because a survey showed that inmates do not like eating pork products. The …
Staples has become the first retailer this year to state that it will stay closed on Thanksgiving day. “We want our customers and associates to enjoy Thanksgiving their own way,” said Demos Parneros, Staples’ president, North American stores and online, in a statement. The store will stay shut until Friday at 6 a.m. The website, …