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McDonald’s on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as buzzy promotions helped its U.S. restaurants rebound.Despite the chain’s improved performance this quarter, executives are still worried about the economic health of the low-income consumer. McDonald’s is working with its U.S. franchisees on ways to make its core menu items more affordable, beyond the $5 meal deal it rolled out last summer and the newer Daily Double burger promotion.”Reengaging the low-income consumer is critical, as they typically visit our restaurants more frequently than middle- and high-income consumers,” CEO Chris Kempczinski told analysts on the company’s earnings conference…

The Chinese government has launched a nationwide campaign to prevent companies from offering “cutthroat” prices, following a year-on-year decline in industrial profits across various sectors in the first half of this. The Politburo of the Chinese Communist Party (CCP) Central Committee, in a meeting on July 30, decided to deepen the construction of a unified national market, promote the continuous optimization of market competition order and govern disorderly competition among enterprises by laws and regulations. The Politburo also proposed deepening the implementation of special actions to boost consumption, cultivate new growth points for service consumption and expand commodity consumption. Chinese…

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications.Avishek Das | Lightrocket | Getty ImagesTwo Chinese nationals in California have been arrested and charged with the illegal shipment of tens of millions of dollars’ worth of AI chips, including those made by Nvidia, the Department of Justice said Tuesday. Chuan Geng, 28, and Shiwei Yang, 28, exported the sensitive chips and other technology to China from October 2022 through July 2025 without obtaining the required licenses, the DOJ said.The illicit shipments included Nvidia’s H100 general processing units, according to a criminal complaint provided to…

U.S. President Donald Trump waves from the roof of the West Wing of the White House as he takes a tour on August 05, 2025 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images U.S. President Donald Trump joined CNBC’s “Squawk Box” Tuesday for a lengthy interview that touched on tariffs, the Federal Reserve, the state of Russia’s economy and being rejected as a customer by JPMorgan Chase and Bank of America.For those pressed for time and want a very broad TL;DR: Trump appears to be digging in on his policies.With modified country-specific “reciprocal” tariffs due to…

BUCHAREST, Romania (AP) — Tudor Lakatos is fighting discrimination against Romania’s Roma minority through the music of Elvis Presley. Dressed in a rhinestone shirt and oversized sunglasses, Lakatos performs unique versions of Elvis’ hits in a mix of Romani, Romanian and English. But don’t call him an Elvis impersonator. Lakatos says he “channels” Elvis as a way to connect with people from both communities and provide a role model for Roma children after centuries of discrimination and poverty. Tudor Lakatos, who goes by the stage name Elvis Rromano, tests microphones at the Terasa Florilor restaurant before a performance as President…

BUCHAREST, Romania (AP) — Tudor Lakatos is fighting discrimination against the Roma people, one Elvis Presley song at a time.Decked out in a rhinestone shirt and oversized sunglasses, with his black hair slicked back into a 1950s-style quiff, Lakatos swivels his hips and belts out his own idiosyncratic versions of hits like “Blue Suede Shoes” at venues throughout Romania.But don’t call him an Elvis impersonator. Lakatos prefers to say that he “channels” the King of rock ‘n’ roll’s global appeal to break down stereotypes about the Roma and provide a positive role model for Roma children. “I never wanted to…

TOKYO (AP) — Asian shares were mostly higher in muted trading Wednesday, after discouraging signs about the U.S. economy sent Wall Street shares declining, and Investors are sifting through a slew of corporate earnings reports to assess how businesses may have been affected by U.S. President Donald Trump’s tariffs. Among Japanese companies, automakers Honda Motor Co. and Toyota Motor Corp. will report fiscal first quarter results this week, as will electronics and entertainment company Sony Corp.Japan’s benchmark Nikkei 225 rose 0.6% to finish at 40,794.86. Australia’s S&P/ASX 200 added 0.8% to 8,843.70. South Korea’s Kospi was little changed, gaining less…

KABUL, Afghanistan (AP) — One after the other, the opportunities vanished. Like so many other Afghan women, Sodaba could do little but watch as her country’s new Taliban government imposed a stranglehold on women’s lives.The Taliban seized power in Afghanistan in 2021, and quickly set about implementing a dizzying array of restrictions for women: No visiting parks or gyms, no eating in restaurants, no working, except in very few professions.But one of the cruelest blows for the pharmacology student was the ban on education beyond primary school.Pushed by necessity, she went online. And there, she found hope: a free computer…

DEARBORN, Mich. (AP) — Museums across the U.S. are displaying artifacts that represent and reflect landmark events of the Civil Rights era. Visitors to the Henry Ford near Detroit can see the bus Rosa Parks was riding when she refused to give up her seat to a white man in 1955, and a desk where the Rev. Martin Luther King Jr. planned voting rights marches.“What we do here is help explain our story, as a community, as a culture, as a society to those who may not have lived through it, who may not remember it or who may have…

Sky Sports News understands there is now a growing feeling Benjamin Sesko wants to join Manchester United over rival bidders Newcastle.There is no club-to-club agreement yet – but Man Utd remain in talks with RB Leipzig over a deal after making an offer worth an initial £65m plus £8.9m in add-ons. Newcastle have also been working on a deal for Sesko, and earlier on Tuesday made a second bid of £69.7m plus add-ons, which was higher than Manchester United’s – after an initial offer of just under £70m (€80m) plus add-ons.Newcastle have tried everything to get a deal done and…