Archburger Fresh Beef Test Signals McDonald’s Push
McDonald’s runs a trial of Archburger at seven U S locations with fresh not frozen beef aimed to rival Shake Shack and In N Out. Two test sites Plano Texas and Tulsa suburb sell Archburger with cheese pickle onions Arch Sauce for 219 and Archburger S T with lettuce tomato for 269. Bacon Archburger is 289. The move follows past Upscale attempts and Gordon Kalinowski sees potential lift in 2018 sales.
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U.S. blocks Alibaba arm Ant Financial MoneyGram deal
The Committee on Foreign Investment in the United States rejected the 1.2 billion bid by Ant Financial for MoneyGram International, citing national security concerns. Ant Financial led by Jack Ma had planned to expand U.S. financial presence, while MoneyGram CEO Alex Holmes noted the changing geopolitical environment. The companies said they will still collaborate on global money transfers, and the setback may boost rival Euronet’s March offer.
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Retirement savings intact despite tax bill changes
The GDP tax bill lowers many deductions through a higher standard deduction, but retirement savings perks remain. Traditional IRA contributions and pretax retirement plans such as 401(k) 403(b) 457 and Thrift Savings Plan keep their deductions and the Saver's Credit stays with unchanged income limits. The traditional IRA deduction remains an above the line adjustment usable without itemizing, protecting this access for savers.
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IRS
Russell Index Closes Up Slightly Amid Mixed Trading
Russell index ends the session with a modest gain of 1.1 percent year to date as investors weigh cyclical and tech shares. Trading data shows a 0.2 percent daily move, signaling cautious sentiment in a volatile market environment.
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