Yum Brands announced on Tuesday that it is selling Pizza Hut to private equity firm LongRange Capital for $2.7 billion. The transaction would mark a significant shift for one of America’s most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and…

The Federal Reserve is expected to hold rates steady following its monetary policy meeting this week amid the rise in inflation, while newly minted Chairman Kevin Warsh is set to hold his first post-meeting press conference. Inflation was already elevated before the Iran war jolted energy prices higher, which has…

More than 500,000 packages of macaroni and cheese sold at Aldi stores nationwide have been recalled because they may contain undeclared soy lecithin, a soy-derived ingredient that can pose a risk to people with soy allergies or sensitivities. According to the Food and Drug Administration, 58,405 cases of Park St.…

Give at least a couple of cheers for coercive diplomacy, which is to say diplomacy through bombing. As the Prussian military strategist Carl von Clausewitz told us a couple hundred years ago, “war is the continuation of politics,” or diplomacy, “by other means.” Last week’s bombing may well have finally…

West Marine is planning to close 59 stores around the country as it works through bankruptcy proceedings. The boating and fishing supply retailer based in Fort Lauderdale, Florida, filed for Chapter 11 bankruptcy protection last month and submitted a list of retail locations it intends to close amid its restructuring,…

Rather than hand over their fortunes to the California state government, wealthy Californians are finding creative, tax-efficient ways to minimize potential billionaire-tax impact — including giving their money away. Some high-net-worth residents in the Golden State are intentionally reducing their balance sheets through philanthropy or real estate strategies because they…

Oil prices fell on Monday to the lowest levels since early March following the announcement of a preliminary agreement between the U.S. and Iran to end the war that has strained the energy market. West Texas Intermediate (WTI) crude oil prices were down over 5% during Monday’s trading session on…

The states with the best affordability for homebuyers and that are facilitating the most construction of new homes are centered in the Midwest and South, according to a new report. Realtor.com released the 2026 edition of its housing report cards for all 50 states plus the District of Columbia, which…

KFC is launching what it calls its “next chapter” globally, rolling out new menu items, redesigned restaurants and refreshed branding as the fast-food giant looks to strengthen its position in the increasingly competitive chicken market. The Yum Brands-owned chain said Monday that the initiative will eventually touch its more than…

In a move to capture the dual market forces of live broadcast television and digital streaming, Fox Corporation on Monday announced it is acquiring Roku, Inc. for $160.00 per share in a deal valued at an enterprise value of $22 billion.  The combination pairs FOX’s live entertainment, news and sports…