Business Beat

McDonald’s to launch US loyalty program in July

( Scott Olson/Getty Images) McDonald's announced Tuesday its plans to launch its first-ever loyalty program in the U.S. on July 8. According to CNBC, the move comes after months of testing which started last November. Despite the fast-food chain's successful loyalty program in France, this would be its first in the U.S.
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American Airlines cancels hundreds of flights, struggling with personnel and maintenance issues

(Joe Raedle/Getty Images) American Airlines canceled hundreds of flights this weekend and for Monday as staffing and maintenance issues linger, according to ABC News. Monday's cancellations come after the airliner cut 178 flights on Sunday and 123 flights on Saturday. American canceled 97 flights for Monday due to a significant number of sick calls, staffing and other technical issues.
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Walmart will close stores on Thanksgiving Day

(Joshua Lott/Getty Images) Walmart announced Friday that it will begin closing its stores on Thanksgiving Day. CNBC reports that the retail giant has joined Target which also announced in January that its store will close on the holiday. Walmart announced the move to a group of store employees during its associate celebration meeting.
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Twitter launches its first subscription service Twitter Blue

On Thursday, Twitter announced the launch of Twitter Blue, its first subscription service. Twitter Blue is part of the social media platform's efforts to diversify its revenue streams, according to CNBC. The service is aimed at power users, a group of users who tweet a considerable amount on a consistent basis, and don't mind paying a monthly fee for exclusive features.

Teenagers 13-17 can now trade stocks on Fidelity

Fidelity Investments launched a commission-free brokerage account for 13- to 17-year-olds on Tuesday. According to Reuters, the accounts would allow teenagers to trade stocks on a mobile app as well as save and make use of a debit card. Teens will be able to purchase and sell domestic stocks — fractional shares will also be available.

Dogecoin dips nearly 30% after Elon Musk refers to it as a 'hustle' on SNL

(Britta Pedersen-Pool/Getty Images) (NEW YORK) Dogecoin fell as much as 29.5%, dropping to 49 cents at one point during Elon Musk's "Saturday Night Live" appearance. According to CNBC, the billionaire and Tesla CEO mentioned Dogecoin, the meme-inspired cryptocurrency, in his opening monologue and on SNL’s satirical news show, "Weekend Update."

Venmo users can now buy and sell cryptocurrencies

Venmo announced Tuesday its mobile payment platform will begin allowing users to buy and sell bitcoin and other cryptocurrencies. According to CNBC, customers can invest in four different cryptocurrencies — bitcoin, ether, litecoin and bitcoin cash — with a minimum spending requirement of $1. Users can also share their crypto purchases with friends on Venmo’s social feed.