( 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.
(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.
(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.
(Ian Waldie/Getty Images) Ally Financial announced Wednesday that it will be getting rid of overdraft fees entirely — becoming the first large U.S. bank to cut overdraft fees.
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.
(Justin Sullivan/Getty Images) The American Automobile Association says gas prices will be around $3.00 per gallon over Memorial Day weekend — the highest since the 2014 holiday weekend.
United Airlines is giving away a year’s worth of first or business class tickets in effort to increase vaccination rates
(Rodrigo Varela/Getty Images) United Airlines is offering customers a chance to win free flights in an effort to increase COVID-19 vaccination rates. Customers will have to upload a photo of their vaccine card to enter into the airline's "Your Shot to Fly" sweepstakes, according to ABC News.
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.
(Stephen Chernin/Getty Images) Bank of America, the second-largest U.S. bank, announced Tuesday that it will raise its minimum hourly wage to $25 by 2025. As part of the move, vendors will also be required to pay workers at least $15 an hour.
Target, CVS, Starbucks among retailers no longer requiring mask mandates for fully vaccinated customers
(Scott Olson/Getty Images) Target, Starbucks and CVS Health are part of a growing number of retailers and restaurants moving to ease mask mandates for fully vaccinated customers — unless face coverings are required by local or state law.
(Justin Sullivan/Getty Images) McDonald’s will raise its employees' hourly wages for its U.S. company-owned restaurants by an average of 10% as the company seeks to hire 10,000 workers over the next three months.
Uber, Lyft to give free rides to COVID-19 vaccine sites until July 4 as part of deal with White House
(Spencer Platt/Getty Images) Uber Technologies Inc. and Lyft Inc. will offer free rides to and from vaccination sites until July 4 as part of a new partnership with the White House.
(Joe Raedle/Getty Images) Chipotle Mexican Grill will increase its hourly wage next month in an effort to bring in more employees. According to CNBC, the move will boost the company's hourly wage average to $15 by the end of June, as the chain looks to employ 20,000 workers. Starting wages for hourly workers will now range from $11 to $18 per hour.
(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."
Warren Buffett has named Greg Abel as his likely successor of Berkshire Hathaway Inc. if he were to step down. According to CNBC, the company's board agrees that 59-year-old Abel would take over if anything were to happen to the 90-year-old CEO.
(Kena Betancur/Getty Images) (NEW YORK) New York City is now second to Beijing as the world’s billionaire capital. According to Forbes' 2021 World's Billionaire List, Beijing has exactly one more billionaire than New York City, 100 to 99.
Amazon announced Wednesday that it's expanding its palm-scanning payment system to a Whole Foods store in Seattle. According to the New York Post, the system uses Amazon One technology which employs high-tech imaging and algorithms to create and detect a person's palm signature.
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.
(Justin Sullivan/Getty Images) (CINCINNATI) Kroger announced Wednesday the launch of its first Customer Fulfillment Center (CFC) with vertical integration, machine learning and robots.