McDonald’s (MCD) former CEO Stephen Easterbrook agreed to repay more than $52.7 million in a settlement with the U.S. Securities and Exchange Commission over investor fraud allegations. The agency alleges that Easterbrook defrauded the company’s investors by lying about sexual relationships with company subordinates while he was CEO, resulting in a separation compensation that he should not have received because of the alleged fraud. The conflict — that the company at the time said was… Source link

Tesla (TSLA) shares are climbing higher today despite a mixed slew of news out of one of its most important markets, China. Reports over the weekend detail a number of protests at Tesla showrooms, as recent Tesla buyers complained about the automaker’s decision to cut prices on Friday. The price cut was the second decrease in the past three months, as Tesla tries to boost demand in the competitive Chinese market. Reuters reports Tesla also cut prices in Australia, Japan, and South… Source link

This article is part of our Yahoo DFS Basketball series. The NBA begins the week with only six games on the schedule Monday. The Bulls have played much better against teams with a winning record this season and will try to continue their improvement in that area during a matchup against the Celtics. Another potentially exciting Eastern Conference battle will occur in New York when the Knicks host the Bucks. As far as the Western Conference goes, a highlight matchup will be LeBron… Source link

Consumer expectations for inflation over the next year dropped to the lowest level since July 2021, according to a survey from the New York Federal Reserve released Monday. Expectations for inflation one year ahead fell in December by 0.2 percentage points to 5%. However, three-year-ahead inflation expectations were unchanged in December at 3%. Inflation expectations for the next five years inched up by 0.1 percentage point to 2.4%. The incremental drop in short-term expectations is… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Amazon up as Jefferies sees easing costs * Alibaba climbs as Ant Group’s Jack Ma to cede control * Macy’s, Lululemon drop on holiday-quarter warnings * Indexes up: Dow 0.39%, S&P 0.85%, Nasdaq 1.52% (Adds details, updates prices throughout) By Ankika Biswas and Amruta Khandekar Jan 9 (Reuters) – The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon… Source link

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing. Don’t worry if you missed some of the holiday deals for Google phones — you’re getting a second chance. Amazon is selling the 128GB Pixel 7 Pro for $749, or $150 off, while the standard Pixel 7 is available… Source link

Rep. Mike Rogers announced Monday afternoon he plans to stay on a powerful House Republican panel that decides committee assignments for conference members, an abrupt switch after confirming that morning that he planned to step down. “I have been surprised that an overwhelming number of members, both rank & file and leadership, have urged me to stay on [the] Steering [Committee],” the Alabama Republican said in a statement. “Consequently, I plan to remain on Steering for the balance of this… Source link

Rep. Mike Rogers is preparing to step down from a powerful House Republican panel that decides committee assignments for conference members after a series of confrontations with conservatives who prolonged Kevin McCarthy’s speakership fight. Rogers (R-Ala.) confirmed the plan Monday morning, saying it would likely happen later this week — while underscoring that his departure from the GOP steering committee isn’t finalized and that he is not being encouraged by his colleagues to exit…. Source link

Motley Fool Here’s Why PayPal Will Have a Better Year in 2023 In this video, I will talk about PayPal (NASDAQ: PYPL), specifically some comments from analysts on the state of the company, and why this year could look a whole lot better for investors than 2022.  For the full insights, watch the video, consider subscribing, and click the special offer link below. Source link

Digital asset manager Osprey Funds has laid off 15 employees and is currently operating with fewer than 10 employees, including four members of its leadership team, a source familiar with the matter tells Yahoo Finance. “Osprey had layoffs last summer and fall aligned with the downturn in the crypto market, however Osprey remains strong,” Osprey Funds CEO Greg King told Yahoo Finance over email. Osprey’s Bitcoin Trust (OBTC), which is available at online brokers Fidelity, Charles Schwab, and… Source link