Alex Proteau

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McDonald's has supersized problems

McDonald's is in even worse shape than we realized.<p>Profits are crumbling, sales are shrinking and guest traffic is declining all around the world.<p>Consumers are defecting for healthier and fresher options like Chipotle (CMG), the burrito chain that McDonald's (MCD) sold off almost a decade ago.<p>The …

Chelsea’s Invisible Hand

An inside report on the shadowy role of Hillary’s most important adviser.<p>As her mother prepared to launch her second campaign for the presidency, Chelsea Clinton’s staff was compiling an email chronicling the former first daughter’s growing public profile and influence within the family’s sprawling …

Over half of Americans have $0 in stocks

More American adults drink coffee daily than have money invested in the stock market.<p>Less than half, or 48%, of American adults have money in stocks, according to Bankrate's Money Pulse survey. Compared to that, about 61% of adults have at least a cup of coffee daily, according to the latest …

Where the highest U.S. earners live

New York, N.Y. is a helluva town -- at least for those who want fat paychecks.<p>Tax filers living in New York County -- a.k.a. Manhattan -- reported $96,941 on average in wage and salary income last year, the highest among counties in the United States.<p>That's according to an analysis of preliminary …

Ringling Bros. to phase out elephants from circus shows

The Greatest Show on Earth will soon be without elephants.<p>Ringling Bros. announced Thursday it will gradually reduce the use of elephants in its shows, and all will be retired by 2018.<p>It's the end of an era for the animal that Ringling calls "a lifelong symbol" of its circus.<p>Elephants have for …

No, micro is not the "good" economics

If asked to compile a list of economists’ mistakes over the last decade, I would not know where to start. Somewhere near the top would be failure to …

You'll pay a lot more to see the doctor with Obamacare

Obamacare enrollees have to shell out a lot more to see the doctor or get medications than their peers with job-based health insurance.<p>Deductibles, co-payments, and drug payments are higher under the average Obamacare silver-level plans -- the most popular -- than employer policies, according to a …

Health Care

Another large oil company cuts jobs

The plunge in oil prices has caused yet another industry giant to cut back.<p>Weatherford International (WFT), which runs drilling and other oil operations, said it is cutting 5,000 jobs.<p>Those include both oil field positions and support roles, and nearly all are in the Western Hemisphere.<p>Savings will …

The Obama oil boom

The greatest oil boom in this nation's history has occurred during the tenure of self-proclaimed environmentalist Barack Obama.<p>Under Obama, the steady drop in U.S. oil production which had occurred virtually unchecked since 1971 has been reversed. Crude oil production has risen every year of his …

Russia raids infrastructure fund to save banks

Russia is digging deep to find more money to save its cash-starved banks.<p>The government said Wednesday it would pour 250 billion rubles ($3.7 billion) from a national infrastructure fund into the country's banks, on top of the one trillion rubles ($15 billion) it has already promised to bail out …

10 things you'll pay more for in 2015

It's a pricey time to be a java junkie.<p>Brazil, one of the biggest exporters of coffee beans in the world, suffered a severe drought last year that has hurt coffee supplies and sent prices soaring.<p>As a result, prices for brews from Starbucks (SBUX) to Folgers' have moved higher. Most recently, Kraft …