After years of attacks about the quality of its food and an army of competitors led by Starbucks, McDonald’s has reasserted itself as what it has been along. It is the king of the fast food business. Its stock reached an all-time high yesterday, which is a level of proof of how well it has done in a crowded sector. […]

House Speaker Nancy Pelosi’s husband, Paul Pelosi, was violently assaulted early on Friday morning during a break-in at their San Francisco home, her office said. “Early this morning, an assailant broke into the Pelosi residence in San Francisco and violently assaulted Mr. Pelosi,” her spokesman said. “The assailant is in custody and the motivation for the attack is under investigation.  Mr. Pelosi was […]

NFL quarterback Tom Brady and supermodel Gisele Bündchen confirmed they are filing for divorce, ending a 13-year marriage that spanned football and fashion. In a statement, Brady said Bündchen and he “arrived at this decision amicably and with gratitude for the time we spent together. We are blessed with beautiful and wonderful children who will continue to be the center […]

U.S. President Joe Biden does not have any plan to meet with his Russian counterpart Vladimir Putin during the G20 summit in Bali next month. This was confirmed by U.S. Secretary of State Antony Blinken in an interview with Canadian Broadcasting Corporation. The top U.S diplomat said the Biden administration doesn’t see any space for meaningful diplomacy to resolve the […]

European stocks tumbled on Friday amid worries about persistent inflation and the Federal Reserve’s aggressive rate-hike cycle. U.S. 10-year Treasury yields rose to a new 14-year high of 4.272 percent after Philadelphia Fed President Patrick Harker said that the central bank was not done yet with rate hikes. Germany’s 10-year bond yields hit a fresh 11-year high amid expectations that […]

‘We have delivered a bitter medicine. It will take time to work.’ Jayanth R Varma, member of the Reserve Bank of India’s monetary policy committee, explains why he wanted to pause interest rate hikes in an interview with Manojit Saha/Business Standard. You have said the MPC should pause now on rates — the meeting minutes showed. But September inflation is […]

EXCLUSIVE: Tony Award-winning director Anna D.Shapiro (August: Osage County), Oscar-nominated producer Leelai Demoz (On Tip-Toe), Tony-nominated actor/writer Ian Barford (Linda Vista) and entrepreneur Brad Keywell (Groupon, WNDR Museum) have teamed up to create multimedia venture Highwire Media, an artist-first production company that is developing and producing projects across film, theater, and television. Highwire Media’s debut slate includes projects with Emmy […]

After failing to sustain an early rally, stocks showed a significant downturn over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session and into negative territory. The major averages all closed in the red, although the Dow posted a relatively modest loss. While the Nasdaq fell 65.66 points or […]

Fast-moving consumer goods major Dabur India is set to enter the branded spices and seasoning category. It has signed an agreement to acquire 51 per cent in Badshah Masala for a cash consideration of Rs 587.52 crore. The acquisition, the company says, is in line with its strategic intent to expand its food biz to Rs 500 crore in three […]