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BIZCNBC

Used car prices fall in Q3, while demand for fuel-efficient vehicles grows

Photo: Getty Images

Used vehicle prices are forecast to fall more than previously expected this year, according to Cox Automotive.

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BIZThe Guardian

McDonald’s sued for allegedly using AI tool to determine pricing for franchises

Suit says AI tool allows independently owned franchises to exchange nonpublic price and sales information McDonald’s is facing a lawsuit in federal court over its alleged use of an AI tool to determine pricing across independent franchises, which prosecutors say violates antitrust laws and has unfairly inflated menu prices for Americans. The vast majority of McDonald’s US stores are independently owned and are said to individually decide on prices under company policy. Antitrust laws require businesses to set prices independently from their competitors,…

BIZThe Guardian

Skepticism mires Trump’s Iowa steel plant project: ‘Promises are not the same as jobs’

The project has sparked doubts over whether the plant will be built and delivered as promised, given Trump’s record Donald Trump has long sought to portray himself as a man of steel, from the White House photoshopping Trump to look like Superman, to enacting tariffs on steel and approving the sale of US Steel to Japan’s Nippon Steel with a ”golden” share given to the US government. Most recently, the Trump administration announced plans to construct the largest steel plant in the US, a $15bn plant in Lee county, Iowa, to be built by India-based Mesabi…