Major IT Outage Impacting Businesses Worldwide

Worldwide businesses impacted by major IT outage involving CrowdStrike and Microsoft, leading to disruptions in financial services, healthcare, and air travel. CrowdStrike's CEO confirms fix for update defect, while Microsoft works on resolving issues. Shares of both companies decline in premarket trading.

Impact of California's $20 Minimum Wage Law on McDonald's Franchise

A San Francisco McDonald's franchise closed down after 30 years due to California Gov. Gavin Newsom's new $20 minimum wage law. The closure was related to rent negotiations, taxes, and the new wage law. Approximately 10,000 fast food jobs were slashed in the state in the first two months after the wage increase. Business owners and restaurant goers are feeling the impact.

Impact of $20 Minimum Wage on California Fast Food Industry

Approximately 10,000 jobs have been cut at California fast food eateries after the minimum wage was raised to $20, causing businesses to struggle and some to shut down.