McDonald’s tried a new value menu. Customers aren’t loving it.The fast-food giant’s comparable US sales growth slowed to 0.8% during its second quarter, a slower clip than the 2.5% it reported for the year-ago quarter. The chain also changed leadership of its US business, naming Skye Anderson as president, taking…
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Palantir CEO Alex Karp took a victory lap over the company’s explosive growth, saying it managed to boost its commercial business using a “miniscule and shrinking” sales team.In the shareholder letter accompanying Monday’s second-quarter results, Karp said it was another case of Palantir ignoring the norms of growing a business.”On a quarter-by-quarter basis, our US commercial business grew 28%. Such growth — indeed, such acceleration — gives the impression that what others might require a…
Getting good returns on AI spending is the hottest enterprise topic of the day, and…
Russia has been reducing its usage of conventional long-range attack drones in favor of more…
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OpenAI is facing intense legal scrutiny over the July hacking incident on Hugging Face.In a letter to OpenAI CEO Sam Altman on Monday, the attorneys general of 15 states wrote that the Hugging Face hack showed that OpenAI is unable or unwilling to ensure the safety of its products. They…
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President Donald Trump lashed out at the U.S. oil industry on Monday, arguing that the country’s largest companies should give some of their sharply higher profits to the American public. “I don’t like it,” Trump told reporters in the Oval Office when asked about the huge earnings reported by ExxonMobil…
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A Japanese resort company has turned an iconic former prison into a 48-room luxury hotel.The former Nara Prison, built in 1908 and designated a cultural property in Japan in 2017, reopened in June as Hoshinoya Nara Prison Hotel, a luxury hotel operated by Hoshino Resorts.The complex features a star-like design,…
