Author: News Room

Can a thriving city get cheaper? New York’s about to find out.

New York City Mayor Zohran Mamdani’s central promise has been to bring down his city’s cost of living. Loading audio narration… But New York’s affordability problems are a result of its own success: Despite slowing population growth, the city’s housing stock and services are still in high demand, pushing prices…

McDonald’s CEO just shared some bad news about the K-shaped economy

America is not getting relief from its K-shaped economy problem anytime soon, McDonald’s CEO Chris Kempczinski said. Loading audio narration… In a Thursday earnings call, Kempczinski said that the macro environment and consumer sentiment are “certainly not improving, and it may be getting a little bit worse.”The K-shaped economy, which…