McDonald's is quitting Russia after 32 years in the country, citing the 'humanitarian crisis' caused by the Ukraine war
- McDonald's said it will sell its Russian business to a local buyer and will "de-Arch" all its restaurants in the country.
- "We have a commitment to our global community and must remain steadfast in our values," McDonald's CEO Chris Kempczinski said. "And our commitment to our values means that we can no longer keep the Arches shining there."
- McDonald's said in early March that it had temporarily closed its restaurants in Russia and paused operations in the market.
The White House fires back at Jeff Bezos, saying it 'doesn't require a huge leap' to understand why he opposed an economic agenda that taxes the super-rich
Bezos lambasted the White House for pushing a plan he claimed would worsen inflation, and said Manchin "saved them from themselves."
Russia has probably lost a 3rd of the invading force it started with in February, UK defense ministry says
Russia's advance into the Donbas region has also "lost momentum and fallen significantly behind schedule," the UK defense ministry tweeted.
A Russian soldier said his commander shot himself in the leg just so he could leave the war in Ukraine, officials say
Audio published by Ukrainian officials showed a Russian soldier telling his mom nobody wanted to be fighting the war in Ukraine.
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Estonia's leader takes thinly-veiled swipe at Macron for calling Putin all the time
President Emmanuel Macron has spent 20 hours on the phone with President Vladimir Putin since early February, according to an AFP tally.
Elon Musk put his $44 billion Twitter buyout 'on hold.' He could be trying for a better price, buying himself time — or preparing to scrap the deal altogether.
Pressure on Tesla stock, a volatile market, and deal financing issues suggest Musk has got "cold feet," Wedbush analyst Dan Ives said Monday.
The country has now topped 1.2 million cases of "fever" and at least 50 deaths, state media reported on Monday.
5 superyachts owned by Russian oligarchs have docked in Turkey, safe from Western sanctions
Turkey has avoided sanctioning Russia over its invasion of Ukraine and has become a popular destination for oligarchs' yachts.
Airbnb hosts are panicking about a summer slowdown. They're up against a surge of new hosts, skyrocketing costs, and travelers who'd prefer to go abroad.
Last year, vacation-rental hosts were fully booked, and many investors rushed to get into the game. One year later, they're fretting about business.
The best offers from Insider Coupons
Russian state media shows off Putin's new 'long but round' table at the Kremlin
Putin has previously met with world leaders at opposite ends of a different — and impractically long — white wooden table at the Kremlin.
Sweden says it will apply to join NATO, a move certain to enrage Russia
Andersson said the move was prompted by Russia's invasion of Ukraine, ending 200 years of military nonalignment in Sweden.
I moved my crypto from Coinbase Wallet to a USB-like hardware device to have more control over my money. Here's how to do it.
After Coinbase disclosed this week that it could absorb users' crypto if it ever went bankrupt, I wanted to try storing my holdings offline.
Goldman Sachs cuts its US GDP forecast for 2022 again, saying the Fed's rate hikes are 'in the ballpark' for cooling inflation
The Fed's rate hikes are in the ballpark of what's ultimately needed to cool wage and price pressures, Goldman economists said.
Spirit Airlines soars 22% as JetBlue launches hostile takeover bid to break up deal with Frontier
JetBlue is offering $30 a share and said its earlier offer of $33 a share is still on the table if Spirit management negotiates.
How to pitch brands for collaborations as a micro influencer
Alexa Curtis, an influencer with 20,000 Instagram, has worked with Banana Republic, W Hotels, and eyewear brand Zenni Optical,
He was my high school journalism teacher. Then I investigated his relationships with teenage girls.
Eric Burgess, Rosemead High School's "Golden Boy," repeatedly groomed students for sex. No one stopped him for more than 20 years.
A legal-tech startup that wants to become the TurboTax of immigration raised $2.3 million from investors like Bessemer. Here's how.
Formally, a legal-tech startup that helps immigrants and asylum seekers find and work with lawyers, raised $2.3 million in pre-seed funding.
McDonald's is selling all its Russian restaurants. Step back in time to 1990 when the chain arrived in Moscow
The opening of Russia's first McDonald's, synonymous with capitalism and American culture, symbolized the impending collapse of the Soviet Union.
Goldman Sachs' former CEO says there's a 'very, very high risk' of recession for the US economy and companies and consumers should prepare
Blankfein, currently senior chairman at the Wall Street banking giant, praised the Federal Reserve and said it had the ability to avert a recession.
I'm self-employed, but I still give myself a 4-part 'benefits' package
Writer Kelly Burch has been freelancing for 10 years and finally gave herself a benefits package that includes retirement and health insurance.
How Glossier founder Emily Weiss' tech dreams derailed the hottest millennial beauty brand
Glossier recently laid off a third of its corporate workers, mostly in tech. Now former employees are sharing what went wrong at the trendy startup.
'We have your daughter': The terrified father paid the ransom. Then he found his kid where he least expected her.
Criminals are staging a devious new kind of kidnapping — and the FBI is stumped.
Gen Z and younger millennial women are outearning men in 16 cities — and the reasons why could make the pay gap less severe
Female New Yorkers in their teens and 20s are earning 2% more than men the same age, according to a new Pew study.
'My company is not my family': Fed up with long hours, many employees have quietly decided to take it easy at work rather than quit their jobs
Hustle culture is over — and in much of corporate America, it's being replaced by coasting culture.
A high-school dropout who owns over 100 units and grosses six figures per month in rental income explains how he used real-estate investing to build generational wealth
After two decades of following his buy-and-hold real-estate investing strategy, Matt "The Lumberjack Landlord" owns 36 buildings in New Hampshire.
YouTube runs a private program for Shorts creators. Here's what it includes, from exclusive advice to events.
YouTube is running an invite-only community for Shorts creators, where members are assigned partner managers and get guidance and exclusive events.
Goldman Sachs is going through a massive transformation under CEO David Solomon
Insider has complied a list of everything you need to know about the Wall Street bank's return-to-office policies, power players, Marcus, and more.
176 cops were sent to remove 4 protesters from a Russian oligarch's mansion at a cost of $100,000, report says
Protesters stormed Oleg Deripaska's mansion in March, saying they wanted to use the property to house Ukrainian refugees.
A Ukrainian TikToker funded 100 abortions for Ukrainian women, citing laws that make it hard to get treatment if Russian soldiers rape them
Max Klymenko donated to the Abortion Support Network to help Ukrainian refugees access abortions. Many are in Poland, which has a near-total ban.
Walmart is fast-tracking college grads to store manager roles that pay $210,000 a year
America's largest employer will offer graduates a new role of "emerging coach." It hopes to give top performers management roles within two years.
Jim Simons' RenTech fund doubled its Tesla stake last quarter — and supercharged its GameStop bet 118-fold
The quantitative hedge fund boosted its Tesla bet to $1.7 billion as of March 31, making Elon Musk's clean-energy company its second-biggest holding.
Arizona GOP lawmaker spreads conspiracy theory that the Buffalo mass shooter was a federal agent
"Fed boy summer has started in Buffalo," Wendy Rogers tweeted, citing baseless conspiracy theories claiming that mass shootings are government plots.
Mobile marketing guru Eric Seufert just launched a $10 million fund to invest in mobile ad and gaming startups. See the pitch deck that persuaded 38 investors to hop on board.
Heracles Capital investors include media investment bank Aream, gaming firm Supercell, and adtech founders Ari Paparo and Alex Collmer.
10 things before the opening bell
The stock market exodus has begun, but it hasn't seen a bottom yet. This and more, in today's Opening Bell newsletter.
Wheat soars more than 4% to two-month highs after world's second largest producer India bans exports
Poor weather and the fallout from the Russia-Ukraine war have roiled global commodity markets, meaning wheat production is forecast to fall.
'Pawsitively adorable' Puppy Bowl NFTs are going on sale to benefit Ariana Grande's animal rescue
Discovery is dropping new NFTs weekly leading up to the annual Puppy Bowl that airs on the same day as the NFL Super Bowl.
A law firm built investor networks for women-led startups that have gone on to raise more than $85 million. Here's how.
Law firm Davis Wright Tremaine developed accelerator programs to connect women entrepreneurs and guide them on sales and raising capital.
2 business owners share how they created a succession plan for when one steps down — and what it includes
Russ Stephens made a plan outlining how he'd pass the reins to his daughter Sky before APB was even founded — including share ownership.
NFT sales hit $565 million over the past week. These were the 5 best-selling digital collections.
Total NFT sales volume hit $17 billion over the past year as artists, investors, and entrepreneurs descend upon the nascent Web3 space.
Cerebral is trying out an unusual clinical trial for a depression drug that has other companies wary. Here’s why.
Cerebral supplied patients from its subscription-based mental health service for the ongoing Phase 2 trial.
Ukraine says troops fighting near Kharkiv advanced all the way to the Russian border
In a sign that Russia's invasion isn't going to plan, Moscow's forces have recently scaled back attacks on Kharkiv, Ukraine said Saturday.
FTX boss Sam Bankman-Fried believes bitcoin has no future as a payments network, because its 'proof of work' system means it can't scale up
The billionaire founder of crypto exchange FTX, Sam Bankman-Fried, told the FT that bitcoin won't be able to handle millions of transactions.
Today's mortgage and refinance rates: May 16, 2022 | Rates have increased over 2% since last year
Rising mortgage rates may lead to some buyers dropping out of the market. Rates remain elevated today and will likely stay above 5% throughout 2022.
Christopher Steele, the spy behind the discredited 'pee tape' Trump dossier, says sources tell him Putin is seriously ill
Christopher Steele said his sources told him Putin is badly ill, which could be affecting his decision-making in Ukraine, per Sky News.
JetBlue plans to launch a hostile takeover of Spirit, report says
JetBlue plans to launch a tender offer for Spirit shareholders' holdings at $30 a share in cash, sources told The Wall Street Journal.
Global shares seesaw as investors weigh up evidence of a slowing Chinese economy ahead of a data-heavy week
Investors are increasingly concerned that the combination of Chinese COVID lockdowns, high inflation and rising rates will hurt global growth.