Inspire Brands will buy Dunkin' Brands Group for $8.76 billion, the two companies said late on Friday, bringing chains like Arby's and Dunkin' Donuts under the same umbrella in one of the largest restaurant deals of all time. Fred Katayama reports.
President Donald Trump is upset with how his legal team has handled his insistence that the 2020 presidential election be overturned. Business Insider reports a source says Trump is worried that the team is made up of 'fools' who are 'making him look bad.' Trump has also reportedly complained about Rudy Giuliani's appearance--literally--at a bizarre news conference last week.
Last year Tesla CEO Elon Musk predicted autonomous driving would boost his company's market capitalization to $500 billion. On Monday, Tesla's market cap soared as high as $498 billion even though Tesla is still refining its self-driving software. Business Insider reports that it has only released a beta version to a limited number of customers. Musk made the claim during an investor call in May 2019, when Tesla's market cap was less than $45 billion, CNBC reported.
On Monday, Netflix announced "The Queen's Gambit" is its biggest limited series yet. Business Insider reports the series was watched by 62 million households in its first 28 days. It debuted on Nielsen's latest list of top streaming titles at No. 10. 551 million minutes watched over its premiere weekend. For comparison, Netflix said last year that "Stranger Things" season three was watched by 64 million households.
Goldman Sachs has cut its near-term growth forecasts for the United States. Goldman Sachs based this on spiking COVID-19 cases and slowing economic activity. US gross domestic product will grow 3.5% in the fourth quarter, down from the previous forecast of 4.5%. According to Business Insider first-quarter 2021 growth estimate was also lowered to 1% from 3.5%. Goldman Sachs said the winter drag should give way to a bigger rebound on the back of vaccine distribution.
The Great State of Texas is staggering under the weight of surging coronavirus cases and deaths. Morgues in Texas are overflowing, and the National Guard has been sent to El Paso to process bodies. Across the state, thousands are lining up for food rations. But the nightmarish conditions haven't stopped the state's Republican senator from keeping his Thanksgiving holiday plans on track. Business Insider reports Sen.