U.S. stock futures point to a mixed open after a day of small gains kept the record closes going on Wall Street.Morning Briefread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
J.P. Morgan chief Jamie Dimon praised the strength of the consumer after the largest U.S. bank posted strong second-quarter quarterly earnings release on Tuesday.Banksread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Johnson & Johnson's profit jumped 42% in the second quarter, with all three of the sprawling health-care company's businesses performing better than Wall Street expected.Health and Scienceread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Goldman Sachs reported second-quarter results that beat analysts' expectations Tuesday.Financeread more
Early Facebook investor and Trump supporter Peter Thiel weighed in on the Democrats taking on the president in 2020, saying he was "most scared' by Elizabeth Warren.2020 Electionsread more
Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
McDonald's announced plans to acquire a tech company — its largest deal in 20 years — as it continues to push its U.S. locations into the digital age.
The fast food giant said Monday it has agreed to buy Dynamic Yield, which specializes in personalization and decision logic technology. Dynamic Yield's technology will allow McDonald's digital drive-thru menus to change based on different factors, such as the weather and current restaurant traffic.
The deal is valued at more than $300 million, making it the largest McDonald's deal in two decades, people familiar with the matter said.
The acquisition is McDonald's latest move to incorporate more technology in its brick-and-mortar locations. In 2019 alone, the company is planning to spend nearly $1 billion to upgrade about 2,000 U.S. locations.Those renovations, like the addition of self-serve kiosks and digital menu boards, are meant to boost sales by increasing convenience for customers, although some franchisees have complained that the expensive project is hitting short-term sales without any payoff. Other investments, like in McDonald's mobile app, have helped the company gain access to more consumer data to fine tune its business.
The company said that it already tested the drive thru technology in several of its U.S. restaurants last year. It plans to roll it out to other U.S. locations this year, with international expansion on the horizon.
"With this acquisition, we're expanding both our ability to increase the role technology and data will play in our future and the speed with which we'll be able to implement our vision of creating more personalized experiences for our customers," CEO Steve Easterbrook said in a statement.
When the deal closes, Dynamic Yield will remain a stand-alone company and continue to work with clients other than its sole owner.