Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
People eager to find a culprit behind the recent price hikes on McDonald's Dollar Menu need look no further than climate change, according to an article on Quartz.
McDonald's has been negotiating with its franchisees for years over the lower profit margins delivered by Dollar Menu items, especially the double cheeseburger. They have tried to compromise. McDonald's agreed to render one of the burger's two patties cheeseless to lower franchise costs.
But rising temperatures across America have led to devastating droughts. Farmers have had to shrink their herds, pay more for feed and charge more for their cattle.
This has made it all but impossible to charge $1 for a cheeseburger.
On its new menu, called the Dollar Menu & More, McDonald's is allowing franchises "flexibility" when pricing items. While some items will still cost only a dollar, there will be a middle tier with items like the double cheeseburger that cost $2, and a third tier where the most expensive items will ring up at $5.
If the planet continues to warm, we may never bite into another $1 burger again.