Wendy’s plans to close hundreds of restaurants in the United States over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin-based chain said during a conference call with investors that it planned to begin closing restaurants in the fourth quarter of this year. The [...]
WASHINGTON (AP) — The Supreme Court earlier this week agreed to decide whether states can continue to count late-arriving mail ballots. The justices took up an appeal from Mississippi after a panel of three judges on the 5th U.S. Circuit Court of Appeals last year ruled that the state law allowing ballots that arrive shortly [...]
WASHINGTON (AP) — Military advocates are warning of long-lasting effects to National Guard troops and their readiness in the wake of the recent federal government shutdown while the military services are grappling with an inability to fully discharge active-duty service members. “The shutdown has been uniquely hard on the 433,000 Army and Air National Guardsmen,” [...]
NEW YORK (AP) — The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. The announcement, however, drew criticism from policymakers, social media and economists, who said a 50-year mortgage would do little to resolve other core problems in the housing market, such as [...]
NEW YORK (AP) — American pharmaceutical giant Pfizer signed a deal to purchase development-stage obesity drugmaker Metsera Inc., winning a bidding war against Novo Nordisk, the Danish drugmaker behind weight-loss treatments Ozempic and Wegovy. Metsera, based in New York, has no products on the market, but it is developing oral and injectable treatments. That includes [...]
PHILADELPHIA (AP) — The U.S. Mint in Philadelphia struck its last circulating penny this week after the president canceled the one-cent coin as the cost of making them became more than their value. President Donald Trump has ordered its demise as costs climb to nearly four cents per penny and the one-cent valuation becomes somewhat [...]
NEW YORK (AP) — Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants and retailers over how much they charge merchants to accept their cards. The most important part of the settlement could directly impact how customers use their Visa- and Mastercard- issued credit cards, and may result in some [...]
TOKYO (AP) — Japanese technology giant SoftBank said it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based SoftBank Group Corp. said it sold the stake in Silicon Valley-based Nvidia [...]
Tech advocacy group Public Citizen has demanded OpenAI withdraw its app Sora 2, citing safety concerns and threats to democracy from the AI video generator. In a letter to the company and CEO Sam Altman, Public Citizen wrote that the app’s hasty release so that it could launch ahead of competitors shows a “consistent and [...]
LOUISVILLE, Ky. (AP) — Federal aviation officials have issued an order for McDonnell Douglas MD-11 planes not to be flown pending further inspection, reinforcing cargo carriers’ decision to ground their fleets following a deadly crash at the UPS global aviation hub in Kentucky. UPS and FedEx said last week that they were grounding their fleets [...]