Business News

A Global Sell Off

U.S. small business optimism surged in November to its highest level in nearly eight years, the latest indication the economy is positioned for faster growth in 2015. Owners are very bullish about business conditions over the next six months. They are also upbeat about sales and earnings, but continue to hold back on capital spending and hiring. (Reuters)

The future of McDonald's fast food may be slowing it down. Responding to declining same-store sales, falling stock prices and a shrinking base of younger customers, the world's largest fast-food chain will expand its "Create Your Taste" program. Create Your Taste lets customers skip the counter and head to tablet-like kiosks where they can customize everything about their burger, from the type of bun to the variety of cheese to the many, gloppy toppings and sauces that can go on it. (USA Today)

A growing number of Americans in their 20s and 30s are helping reverse a three-decade decline in agriculture's supply of young farmers. The number of Americans younger than 35 who are running farms as their main occupation increased 10% to about 55,000 between 2007 and 2012. The average age of principal farm operators is 58, and about 40% are 65 and older. (USA Today)

It was a global rout last night on international markets led by a 5.3% decline in Chinese equities and Greek stocks crashed 11% percent on political strife.

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