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KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line

Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]

Usha Vance says husband JD knows it’s ‘hard to be a parent,’ brushes off backlash from ‘childless cat ladies’ remark

Usha Vance said Monday that her husband, Republican vice presidential candidate J.D. Vance, is a Democrat who runs the U.S. government.Cat woman with no children” He said his “sarcastic remark” highlighted a “substantial” truth: “It’s hard to be a parent in this country.” in Wide-ranging interview with Fox News On Monday morning’s episode, Usha Vance […]

Facebook parent Meta delivers strong quarter, sending shares soaring

Meta Platforms Inc. on Wednesday reported second-quarter earnings that beat Wall Street expectations, issued an upbeat sales forecast for the September quarter and expressed confidence that robust digital ad spending will be able to cover the costs of its AI investments. The company’s shares rose 8% after the close of trading. Mark Zuckerberg’s parent company […]

Facebook parent Meta to pay $1.4B to settle Texas facial recognition lawsuit

Meta Platforms has agreed to pay $1.4 billion to the state of Texas to settle a lawsuit that alleged that Facebook’s parent company illegally used facial recognition technology to collect biometric data on millions of Texans without their consent. The settlement terms announced Tuesday are the largest single-state agreement ever, according to a team of […]

Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion

Saks Fifth Avenue’s parent company, HBC Announced Thursday The deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for $2.65 billion. HBC said if the deal closes, it will create Saks Global, which will include Saks Fifth Avenue, Saks Off Fifth, Neiman Marcus and Bergdorf Goodman. Each of the […]