Yahoo Finance's Morning Rundown
Top headlines on the morning of August 9
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California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices
In response to California's new $20 minimum wage law, fast food franchises are being forced to rethink their business strategies to stay afloat. Scott Rodrick, who owns 18 McDonald's franchises in the state, is considering measures to manage the increased labor costs without resorting to layoffs, which he sees as a last resort. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? The average American couple has saved this much money for
Benzinga•Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.
CoinDesk•3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Raises By 2032
When it comes to reliable passive income, these three dividend-paying companies are best in breed.
Motley Fool•Time to Pounce: 2 Phenomenal Ultra-High-Yield REITs That Haven't Been This Cheap in Years
The premier name among retail REITs, along with a 14%-yielding REIT that's returned $25 billion to its shareholders since going public, make for sensational buys right now.
Motley Fool•I Was Incredibly Wrong About the Tesla Cybertruck
Unit sales appear considerably below my estimates.
Motley Fool•Trump poised to clinch $1.3 billion social media company stock award
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
Reuters•Silicon Valley and Hollywood worlds collide as David Ellison bids for Paramount
David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of attributes for a budding media mogul: a Silicon Valley pedigree. In an industry where many get their start fetching coffee or moving props, Ellison spent summers writing computer code for his father's software company and getting insights on the movie business from Pixar Animation Studios co-founder Steve Jobs. Ellison is orchestrating a multi-step transaction that would result in the merger of his independent studio, Skydance Media, with Paramount.
Reuters•Former House Speaker Nancy Pelosi Can't Stop Buying the 1 Artificial Intelligence (AI) Stock Billionaires Have Been Eager to Sell
Though this highflying stock is making Nancy Pelosi and her venture capitalist husband richer, more than a half-dozen billionaires have sent it to the chopping block.
Motley Fool•Ford Stock Soared Today for 1 Big Reason and 3 Smaller Ones
Wall Street doesn’t get any credit for the move. There are no stock upgrades or price- target changes to cite.
Barrons.com•Forget Nvidia: Billionaires Are Selling It and Buying These 2 High-Octane Artificial Intelligence (AI) Growth Stocks Instead
Billionaire investors are ditching the "infrastructure backbone" of the artificial intelligence (AI) revolution in favor of two industry-leading, irreplaceable AI stocks.
Motley Fool•