Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
Despite pressure from consumers, McDonald's is not announcing any plans to add a plant-based burger to its menu.
At its annual shareholder meeting Thursday, Silvia Lagnado, the company's global chief marketing officer and director of its menu, said that the company was monitoring the plant-based meat alternatives but would not disclose any plans at this time.
"We obviously have to assess whether consumer demand [would be at a] level we believe would be sustained and make the right decision based on how the model works and the important complex considerations of our restaurant," she said.
Last month, on a quarterly earnings call with analysts, CEO Steve Easterbrook expressed a similar sentiment.
"I certainly know our teams are paying close attention and discussing this amongst each other and with some of the options that are out there," he said. "So maybe more to come, but nothing much to say about it at the moment."
McDonald's has been under pressure in recent months to add a vegetarian-friendly burger to its menu as more and more of its competition has taken the plunge. Its German locations sell a plant-based burger made by food giant Nestle, but McDonald's has said that individual markets decide what is best for their customers.
At the same time, the Chicago-based company has been simplifying its menu by removing its line of Signature Crafted sandwiches and burgers, trimming its late-night menu and allowing franchisees to scale back the all-day breakfast menu.
Rival Burger King, which is owned by Restaurant Brands International, is trying to roll out its Impossible Whopper nationwide by the end of the year. As it struggles to meet demand for its plant-based patty, Impossible Foods is increasing the number of hours and employees working at its plant.
Impossible's competitor Beyond Meat sells its version of a plant-based burger to Carl's Jr. and TGI Fridays, among other restaurants. Since it went public at the beginning of May, Beyond has seen its shares surge 229%.