Author: Press Room

Proposed stadium for the Buffalo BillsSource: The Buffalo BillsThe Buffalo Bills have released the first images of their eagerly awaited new stadium, which is set to be completed in 2026.Created in conjunction with Legends and the architectural firm Populous, the open air stadium will be built across from Highmark Stadium in Orchard Park. The Bills’ current stadium was built in 1973 and is the fourth oldest in the NFL.The stadium has been a magnet for controversy, as well. In March, New York Gov. Kathy Hochul announced a $1.4 billion agreement for a 30-year lease. Of that, $850 million of the…

Don’t expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls. The US economy grew by a stronger-than-expected 2.6% from July to September, after contracting 1.6% in the first quarter and 0.6% in the second quarter of the year. The welcome GDP report comes amid almost daily recession warnings from bank CEOs, business economists, think tanks and former Treasury secretaries. They are focused less on the deficit of growth in the first half of the year and more on the surplus of uncertainty ahead. But as the dread grows, today’s news is…

Inflation is relentlessly high and food prices in particular are soaring. In this environment, customers are turning to McDonald’s — even as the burger chain raises its own prices. In the third quarter, McDonald’s US prices were up about 10% year-over-year on average. Even so, the brand is gaining traction among its less affluent customers, noted CFO Ian Borden during an analyst call Thursday. “We’re gaining share right now among low-income consumers,” he said. As food companies raise prices, they are finding other ways to make consumers feel like they’re getting a good deal. Packaged food and beverage makers such…

The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world’s largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People’s Bank of China, its Chinese counterpart. Other partners included the Hong Kong Monetary Authority, the Bank of Thailand, and the Bank for International Settlements, the institution said in a statement. “This project – the first pilot use of wholesale CBDCs in the MENA region – reflects the CBUAE’s drive to create world-class financial infrastructure and innovative payment systems, which comes in line with UAE leadership’s…

Europe’s economy is projected to be badly hit by the energy crisis triggered by Russia’s war in Ukraine, with at least half of the 19 countries that use the euro heading for a recession, the managing director of the International Monetary Fund (IMF) has said.”The horizon has darkened significantly over the last year,” Kristalina Georgieva told Euronews on Thursday.”One year ago, we were recovering from COVID and we finished with over 6% global growth. And then two shocks: Omicron and Russia’s war in Ukraine have not only interrupted the recovery but reversed it.”Georgieva sat down with Euronews Business Editor Sasha…

When the COP27 climate talks begin next month in Egypt, there will be dozens of depressing data points for delegates to consider. Here is one that has largely gone unnoticed: between 2019 and 2021, there were only $14bn of so-called climate “blended finance” deals — structures that use public money to de-risk green investments — for poor countries.This was less than half the volume seen in the previous three years. Yes, you read that right: even amid renewed calls to fight climate change around the world, blended finance has shrivelled in a most “disappointing and unexpected” way, says Joan Larrea,…

Source: YouTube

Halloween is a time when many folks like to dress up, play pranks and eat candy, but that’s not exactly how the holiday got its start.The spooky holiday can be traced back to an ancient Celtic festival known as Samhain, which took place in England and Ireland roughly 2,000 years ago, according to online resources from the publishing company, Encyclopedia Britannica.Samhain was considered a new year celebration and was observed on Nov. 1. Festival participants reportedly lit bonfires and wore masks and costumes to ward off malevolent spirits, Brittanica notes.’BANNED’ HALLOWEEN COSTUMES OVER TIME AS EBAY REMOVES JEFFREY DAHMER-INSPIRED OUTFITBy…

Mitzi Perdue, widow of the late Frank Perdue — former CEO of Perdue Farms — is heiress to the Sheraton Hotels fortune and is a self-described human rights activist.Recently she was invited to Ukraine as a special guest of the Kyiv police force, Fox News Digital is told, where she saw firsthand how the people of Ukraine have been doing.The country has been under attack by Russia since Feb. 24, 2022.UKRAINIANS STRENGTHEN RESOLVE AGAINST RUSSIAN INVASION WITH SMALL ACTS OF RESISTANCE AND BEAUTYNow, back home in Salisbury, Maryland, Mitzi Perdue has chosen to help the humanitarian efforts for Ukraine —…

Check out the companies making headlines in midday trading Thursday.Meta Platforms — The Facebook parent slumped 22.4% after issuing weak guidance for the current quarter and missing earnings estimates for the third quarter. Meta Platforms also shared its second consecutive quarterly revenue, with its Reality Labs unit losing more than $9 billion, and got hit by a slew of analyst downgrades.Caterpillar — Shares of the construction equipment maker jumped 8.2% following the company’s quarterly earnings report, which included beats on both the top and bottom lines. Earnings came in at $3.95 per share on revenue of $14.99 billion, compared to…