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McDonald’s plans to expand West Loop HQ, but CEO says city needs to ‘face facts’ about downtown business climate

McDonald’s plans to expand West Loop HQ, but CEO says city needs to ‘face facts’ about downtown business climate

McDonald’s CEO Chris Kempczinski raised concerns about the effects of crime on doing business in Chicago, even as the company announced plans to bring more of its suburban employees downtown. In a speech to the Economic Club of Chicago Wednesday, Kempczinski referenced the recent departures of high-profile companies such as Caterpillar, Boeing and Citadel from …

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Diablo Immortal whales face massive orb debt after third-party refunds

Diablo Immortal whales face massive orb debt after third-party refunds

Many Diablo Immortal whales – players who have spent hundreds or thousands of dollars in Blizzard’s fantasy game – are finding themselves left with massive in-game ‘debt’ after purchases made through third-party websites are revoked. Diablo Immortal’s Eternal Orbs are one of the primary currencies in the RPG game, are bought with real money, and …

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Twitter executives face questions from employees after whistleblower claims

Twitter executives face questions from employees after whistleblower claims

CEO Parag Agrawal opened the company-wide meeting by pushing back on claims made by Peiter “Mudge” Zatko, Twitter’s former head of security. Zatko’s whistleblower disclosure alleges Twitter’s security practices are so poor they pose a threat to national security and democracy and claimed some of the company’s executive team have tried to cover it up. …

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Samsung Galaxy S21 Ultra One UI software apps menu

A decade later, Samsung deserves to be the “face of Android”

Robert Triggs / Android Authority In the almost 14 years since the launch of Android, many smartphone brands have come and gone. The unforgiving tides of market share continually rise and fall, yet one name has surfed clean through the barrel of the wave with nary a wobble — that’s Samsung, of course. Setting personal …

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US economy likely to face recession by year's end as growth continues to slow, report says

US economy likely to face recession by year’s end as growth continues to slow, report says

Former Fannie Mae executive Tim Rood provides an overview of the housing market after August homebuilder sentiment plunged on ‘Cavuto: Coast to Coast.’ The U.S. economy is cooling off considerably and will likely slide into a recession before the end of the year, The Conference Board warned this week. The non-profit business organization on Thursday …

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Mark Zuckerberg showed these prototype headsets to build support for his $10 billion metaverse bet

Apple and Meta headsets could face a big challenge: Sticker shock

Apple and Facebook parent Meta are expected to release mixed reality headsets in the coming year that could finally fulfill the industry’s promise to turn head-worn devices into the next big shift in personal computing. But there’s one major potential snag: sticker shock. The best-selling virtual reality headset, the Meta Quest 2, retails for $400 …

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Robinhood must face U.S. market manipulation claims over 'meme stock' rally, judge rules

Robinhood must face U.S. market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over …

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Danger ahead: The U.S. economy has yet to face its biggest recession challenge

Danger ahead: The U.S. economy has yet to face its biggest recession challenge

A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an …

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China Banks May Face $350 Billion in Losses From Property Crisis

China Banks May Face $350 Billion in Losses From Property Crisis

(Bloomberg) — China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turmoil. Most Read from Bloomberg A spiraling crisis of stalled projects has dented the confidence of hundreds of thousands of homebuyers, triggering a mortgage boycott across more …

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