May 20, 2022

US Central Bankers Set Sights on March Rate Hike

With inflation running at its highest in nearly 40 years, U.S. central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on. On Wednesday, San Francisco Federal Reserve Bank President Mary Daly became the latest U.S.…

Pepco Group Quarterly Revenue Rises on 161 Store Openings

A general view of the exterior of the Pepco Holdings Inc corporate headquarters in Wash., on March 30, 2012. (Jonathan Ernst/Reuters) Pepco Group, the owner of PEPCO, Poundland, and Dealz discount retailer brands in Europe, posted a 12 percent rise in its quarterly total revenue on a constant currency basis, driven by performance at its…

Hitachi to Sell About Half Its Stake in Construction Unit: NHK

A logo of Japan’s high-tech giant Hitachi at an exhibition in Tokyo, on Oct. 29, 2013. (Yoshikazu Tsuno/AFP via Getty Images) TOKYO—Japan’s Hitachi Ltd. will sell about half its 51 percent stake in unit Hitachi Construction Machinery Co. to trading firm Itochu Corp. and investment fund Japan Industrial Partners, public broadcaster NHK reported on Thursday.…

Bank of Korea Likely to Hike Rates Again Over High Inflation, Household Debt: Reuters Poll

BENGALURU—The Bank of Korea is likely to raise its policy rate back to where it was before the pandemic on Friday, a Reuters poll found, as it looks to restrain rising inflation and the increasing debt that households are taking on to buy property. Twenty-five of 35 economists who answered a Jan. 5–11 Reuters poll…

FACT CHECK: Did Oreo Release A McDonald’s Cheeseburger Flavor?

An image shared on Facebook purportedly shows a new “limited edition” Oreo that resembles a McDonald’s cheeseburger. Verdict: False The package in the image is not a real Oreo product. There has been no official announcement regarding the release of a cheeseburger-flavored Oreo. Fact Check: The image shows a red package with the words “McDonald’s…

Report: McDonald’s Raises Prices, Closes Stores as Worker Shortage Continues

McDonald’s says they are forced to raise menu prices as worker wages climb, as well as close down some restaurants due to labor shortages and slower service in some locations, according to reports. The burger giant is raising menu prices in order to sustain the rapidly growing costs of supplies and wages, according to the Wall Street…

Oregon McDonald’s Desperate for Staff: ‘Now Hiring 14 and 15-Year-Olds’

An Oregon McDonald’s decided to turn to young teenagers to fill jobs after having difficulty finding employees, the Washington Examiner reported on Thursday. “There are always staffing issues, but this is unheard of,” the Biddle Road restaurant operator, Heather Coleman, told Insider. Coleman placed a banner in front of her McDonald’s in Medford, Oregon, advertising…

Biden Administration Launches Investigation into Broken McDonald’s Ice Cream Machines

President Joe Biden’s Federal Trade Commission has begun to look into the too-oft broken McDonald’s ice cream machines, which have angered consumers and franchise owners for years. The Federal Trade Commission (FTC) has carried out an inquiry into the Mcdonald’s broken ice cream machines. The inquiry seeks to discover if Taylor Commercial Foodservice LLC, the…

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