McDonald’s Buys Restaurants From Israeli Franchise; Tech And Government Lead 14-Month Layoff High | Business Matters Full Broadcast (April 4)

Don Ma
By Don Ma
April 4, 2024Business Matters
Live Chat

Business bankruptcies are near hitting a new record high. Bloomberg data shows this week had one of the most corporate bankruptcies on record in a 3-day period. If the pace continues, it’ll break the previous record, which was coming out of the 2008 recession.

U.S. layoffs have reached a new high. Job cuts last month rose to more than 90,000—the highest in 14 months.

McDonald’s is buying its 30-year-old Israel franchise from Alonyal Ltd, taking back ownership of 225 restaurants in the country that employs more than 5,000 people, the company said on Thursday.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.