Express News | McDonald's: Declared a Quarterly Cash Dividend of $1.67 per Share

Reuters18:30 ET

Express News | McDonald's Announces Quarterly Cash Dividend

Reuters18:30 ET

Sector Update: Consumer Stocks Decline Late Afternoon

Consumer stocks fell late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.4%. In corporat

MT Newswires15:57 ET

Sector Update: Consumer

Consumer stocks fell late Wednesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping1.2%. In corporate

MT Newswires15:36 ET

Goldman Sachs CEO Solomon doesn't expect the Federal Reserve to cut interest rates this year

Goldman Sachs Group CEO David Solomon said that he currently does not expect the Federal Reserve to cut interest rates this year because the economy has shown greater resilience thanks to government spending. David Solomon “I still haven't seen convincing data indicating we will cut interest rates,” he said at a Boston College event, adding that he currently predicts “zero” interest rate cuts. Investments in artificial intelligence infrastructure are also driving the economy to be more resilient in the face of the Federal Reserve's monetary tightening. However, Solomon said that consumers have begun to feel the pressure brought about by rising prices.

環球市場播報15:31 ET

Target, McDonald's and Others Are Offering Value as They Lose Ground With Bargain Hunters

Target's weak quarterly results show the fierce battle between retailers that are trying to outmatch each other on low prices. The big-box retailer announced this week that it's cutting prices on thousands of items. Aldi and Walmart have also stepped up efforts to attract a bargain-hunting shopper.

CNBC14:08 ET