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McDonald’s is facing a class action lawsuit from plaintiffs who allege the fast food chain has long deceived customers about what type of meat is in the popular, limited McRib sandwich.

The lawsuit was filed late last month in the U.S. District Court for the Northern District of Illinois by eaters from California, New York, Illinois and Washington, D.C. who claim the sandwich is marketed as containing pork rib meat but actually has none.

The complaint alleges that despite the patty’s rib shape, the item’s name and price, the sandwich is actually made of lower-quality grounded up pork — from cuts like shoulder and tripe — not rib meat.

The company’s website claims the meat is a “pork patty” made of “seasoned boneless pork.”

“The name ‘McRib’ is a deliberate sleight of hand,” the lawsuit reads. “McDonald’s willfully, falsely, and knowingly omitted various material facts regarding the quality and character of the McRib — namely, that despite its name and distinctive rib-like shape, it does not actually contain any actual pork rib meat. McDonald’s knew these facts would be material to reasonable consumers but still chose not to disclose them.” read more

Melbourne-based L3Harris acquired the vast rocket engine company Aerojet Rocketdyne in 2023, but on Monday announced it was selling a controlling interest in the majority of those operations to private investment firm AE Industrial Partners.

The Boca Raton-based company plans to revive the Rocketdyne name for the business “in recognition of its heritage and longstanding innovation within space propulsion technology,” according to a press release.

The deal calls for it to acquire a 60% controlling interest in L3Harris’ Space Propulsion and Power Systems at a value of $845 million. L3Harris Technologies will retain a 40% minority share.

The transaction is not expected to close until the second half of 2026, and is subject to regulatory approval.

A big portion of the deal is the RL-10 manufacturing facilities located in Palm Beach County. The RL-10 engines have been used for 60 years, including for the upper stages of United Launch Alliance’s Vulcan and remaining Atlas V rockets.

“Rocketdyne is more than just a company, it is the birthplace of U.S. rocket propulsion,” said Kirk Konert, managing partner at AE Industrial. “This transaction will not only modernize and give new life to a pioneer of space and national defense technology, but it will also create a new hybrid model of agile collaboration, combining the stability and power of a national defense prime with the innovation of a specialized investor.” read more

By FATIMA HUSSEIN

WASHINGTON (AP) — U.S. multinational corporations will be exempted from paying more corporate taxes overseas in a deal finalized by the Organization for Economic Cooperation and Development.

The OECD announced Monday that nearly 150 countries have agreed on the plan, initially crafted in 2021, to stop large global companies from shifting profits to low-tax countries, no matter where they operate in the world.

The amended version excludes large U.S.-based multinational corporations from the 15% global minimum tax after negotiations between President Donald Trump’s administration and other members of the Group of Seven wealthy nations.

OECD Secretary-General Mathias Cormann said in a statement that the agreement is a “landmark decision in international tax co-operation” and “enhances tax certainty, reduces complexity, and protects tax bases.”

U.S. Treasury Secretary Scott Bessent called the agreement “a historic victory in preserving U.S. sovereignty and protecting American workers and businesses from extraterritorial overreach.” read more

By Tommy Tindall, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Managing money doesn’t have to be complicated or time consuming.

Still, about a third of Americans (32%) feel anxious about their finances going into 2026, according to a new NerdWallet survey.

You got this. If you focus on the little things and do them consistently, you’ll feel great about your financial life, says Lisa Eaton, accredited financial counselor and founder of Firm Footing Financial Planning in Seattle.

We’ll make it easier and give you six ideas to help you think less about money in 2026, in 10 minutes or less.

1. Automate your fixed expenses

The problem with adulting is there are too many decisions to make in a day. Alleviate many of those about money by automating the no-brainer expenses.

You might already have your mortgage or rent come out automatically, but what else can you set and forget? read more

Holiday spending was expected to be tempered this year but the latest data shows Americans aren’t slowing down, even with growing debt.

The National Retail Federation said nearly 203 million U.S. shoppers went to retail stores and websites from Thanksgiving Day through Cyber Monday — its highest in nearly nine years.

Some experts have expressed concern about growing credit card debt and burdens from other factors. U.S. household debt reached $18.59 trillion as of September, said the Federal Reserve Bank of New York, a record high.

Just how bad the debt situation is for the economy is up for debate. Some economists have argued the overall economy is still strong. They point to low unemployment as a reason why debts will be paid because money is still coming in.

Question: Are Americans’ household debt levels a major concern for the economy?

Economists

Caroline Freund, UC San Diego School of Global Policy and Strategy

YES: Household debt is a concern, especially as delinquency rates rise. Credit card and auto loan delinquencies are climbing to levels not seen since the Great Financial Crisis. The strain is concentrated among lower income households, reflecting the K-shaped economy, where the most vulnerable are falling behind. Delinquencies on big ticket items like cars are increasing especially rapidly among this group. With the job market becoming less certain, these trends point to growing economic risk. read more