McDonald’s owners group says company rejected request to delay big changes to franchise system

In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes…

Mark Cuban started his first side hustle at age 12—here’s his money advice for kids today

When Mark Cuban says he loves inspiring people — even kids — to start their own business, he can relate: The billionaire investor got his own start with a side hustle at age 12. Now, Cuban has some advice for kids and teenagers looking to start their own businesses: Build around “something they can make…

ESG without returns is ‘simply not sustainable,’ says investor Lauren Taylor Wolfe

Lauren Taylor Wolfe, center, Roy Swan, left, and Shundrawn Thomas at CNBC’s Delivering Alpha, Sept. 8, 2022. Scott Mlyn | CNBC ESG and sustainable investing generally have come under fire recently, with critics pointing to a lack of transparency and differing definitions sparking confusion around what investors are actually buying. Adding to the confusion is…

IRS erred on child tax credit payments for millions of eligible families — but aid was 98% accurate overall, report finds

JGI/Tom Grill The IRS skipped about $3.7 billion in advance child tax credit payments for 4.1 million eligible households, but sent more than $1.1 billion to 1.5 million filers who didn’t qualify in 2021, according to an audit released Tuesday by the Treasury Inspector General for Tax Administration. However, the agency accurately issued 98% of…

Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect

Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not end well for the U.S. economy. “Our central case is a hard landing by the end of ’23,” Druckenmiller said at CNBC’s Delivering Alpha Investor Summit in New York City…

Lionsgate leaning toward spinning off its studio business instead of Starz

In this article LGF.A Follow your favorite stocksCREATE FREE ACCOUNT Michael Burns Michael Newberg | CNBC Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter. This would be a change in strategy for the media and entertainment company, which said…

Lego sales jump 17% in first half of 2022, boosted by Star Wars and Harry Potter sets

Lego Star Wars toys sit on display inside a Toys “R” Us Inc. store in Paramus, New Jersey, U.S., on Tuesday, Nov. 26, 2019. Bloomberg | Getty Images Lego sales are building on pandemic-era growth, boosted by popular sets from Lego Star Wars and Lego Harry Potter. On Wednesday, the privately held Danish toymaker said…

‘We are not rich:’ A couple share one money tip that lets them travel full time — on land and sea

“What if I were to die tomorrow, what would you do for the rest of your life?”  That’s what Malaysian Samantha Khoo asked her Singaporean husband Rene Sullivan in 2017, when he came home late from a long day of work. “It was really sudden and it took me some time before I answered her,”…

New retirees will face financial surprises. Advisors share how to stay ahead of those shocks

Source: Getty Images Retirement is a major goal many workers keep their eye on throughout their career. However, once people actually reach retirement age, they are often in store for some financial surprises — despite decades of preparation. For today’s retirees, that is compounded by new uncertainties brought by on by historically high inflation and…

A game about sheep is going viral in China even as gaming regulation remains tight

A young Beijing company’s game called “Sheep a Sheep” went viral in China in September 2022. Evelyn Cheng | CNBC BEIJING — A new game that’s gone viral in China hit people’s screens with surprising speed at a time when gaming giants such as NetEase have waited months for approval to launch games. That’s because…