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International Business News: McDonald's decision to take greater control of its China business and expand aggressively is seen as risky but potentially rewarding. Its majority par
McDonald's has taken greater control of its China business and expanded aggressively amid a consumer slowdown and geopolitical tensions. The company repurchased a 28% stake in its China business Carlyle Group, giving it a 48% share in $6 billion worth of operations. This move contrasts with the trend of multinational corporations reeling back investments in China or even exiting altogether due to geopolitical and economic challenges.
I'm sue herera with your cnbc market wrap. stocks clogged back half of wednesday's declines. with a 65-point jump for the dow. an 18-point gain on the nasdaq. investors continued a derisking trend today as the dollar weakened and oil prices staged a mild rebound. and we had at least half dozen of defense and consumer stocks hitting new highs. talk about defensive, the utilities have been outpacing stocks on the s&p 500 as investors rotate out of the more economically sensitive sectors. and retailers were looking strong after kohl's raised its profit forecast. and looking back to april, onl...