Wall Street is largely convinced that the American economy will avoid a recession, with stocks climbing higher week after week thanks to this optimism. Yet consumers on the ground are looking increasingly shaky, pushing confidence barometers into unhealthy territory. A few times this year recession indicators have flashed a warning. The yield curve inverted and then promptly righted itself. And …
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College football Week 4 storylines: Winning doesn’t come cheap; new No. 1 QB on NFL Draft boards?
It’s an incredibly simple concept, really: You need to spend money to make money. We’ve all heard it repeated ad nauseam over the years, but it feels especially relevant in this current moment of college football. UCLA and Virginia Tech kicked off the coaching carousel last weekend when they fired their coaches. The results were no surprise, though the timing …
Read More »2 Manhattan casino bids are dead after advisory boards reject Avenir, Caesars Palace
There won’t be a casino in Times Square or Hudson Yards. The committee tasked with reviewing a proposal by Caesars Palace in Times Square rejected the bid Wednesday morning, by a 4-2 vote. Another committee, formed for the Avenir bid in Hudson Yards, likewise nixed that project, also by a 4-2 vote. “I believe casinos must clear a particularly high …
Read More »Old plastic cutting boards may shed gut-disrupting plastics
A new mouse study tested what happens when food is prepared on plastic cutting boards and the resulting microplastics end up in the diet. The team chopped on polyethylene and polypropylene boards, mixed the released particles into feed, and watched how the gut responded over weeks. These tiny particles, called microplastics, are fragments of plastic smaller than 0.2 inches that …
Read More »McDonald’s Wants to Win Back Low-Income Diners With Menu Boards That Scream Value
Key Takeaways American customers think McDonald’s lacks value when they see $10 combo meals on menu boards at the drive-thru, CEO Chris Kempczinski said Wednesday. The company is working with franchisees on adding more value to its “core menu” as traffic among low-income consumers continues to fall, Kempczinski said. McDonald’s second-quarter results exceeded analyst expectations, thanks to a strong performance …
Read More »Unilever appoints new Ben & Jerry’s CEO as battle over board’s lefty politics heats up
Unilever has appointed a new CEO to lead Ben & Jerry’s as its battle over the ice cream brand’s lefty politics heats up, according to a report Friday. Jochanan Senf, a Dutch Unilever executive who previously managed Ben & Jerry’s Europe business, will start in the new role this month after the British parent company abruptly axed former CEO David …
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