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California regulators on Monday approved new rules that will restrict which replacement tires can be sold across the state in an effort to meet energy-efficiency standards. The new regulations, unanimously adopted by the California Energy Commission (CEC), will phase out tires that fail to meet these standards — a move…

McDonald’s is losing ground to rivals like Burger King with a key customer group

McDonald’s is losing ground to rivals among low-income fast-food diners, according to recent data.Spending by low-income guests at the Golden Arches declined 2.4% year-over-year during the company’s latest quarter, said consumer analytics company Numerator. The firm defines “low-income guests” as those from households making $40,000 or less a year.The drop is McDonald’s first quarterly decline with low-income guests in the past year and amounts to roughly $310 million in lost sales, Numerator said on Tuesday.Rival…

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Business

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Mark Walter, who already sold his majority stake in the Los Angeles Lakers just one year after purchasing the NBA team, might be selling off yet another sports asset.  Walter and business partner Todd Boehly are reportedly looking to sell their stakes in Chelsea Football Club of the English Premier…

Markets

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Live Q&A: Hollywood brought the heat this summer. Can it last?

It’s been a hot summer in Hollywood.”Spider-Man: Brand New Day” had a record-breaking opening weekend, bringing in $360 million.Fans were shelling out as much as $600 and traveling thousands of miles to catch “The Odyssey” on premium Imax screens.And, if you think back to early June, the horror films “Obsession”…

Investing

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