Home Depot doubling down on tool rentals

Posted: Updated:
NEW YORK -

Here’s the latest business headlines from Cheddar.

Home Depot is doubling down on tool rentals. The home improvement retailer will invest more in improving its rental offerings in a move to appeal to professionals. Ninety percent of pros rent tools, and one in four rents from Home Depot. The company’s CEO says this remains a strong opportunity for growth. After companies like Rent the Runway popularized clothing rentals, bigger retailers are getting in on the action.

McDonald’s is facing 25 sexual harassment complaints from workers. The company is accused of condoning sexual harassment and retaliating against employees who speak up. The ACLU says McDonald’s has faced more than 50 charges or lawsuits in the last three years. The fast food giant is one of the world's largest companies, with almost two million workers around the globe. In a recent letter, McDonald’s CEO Steve Easterbrook says the company has improved, and clarified its policies on harassment.

Do you know any teens who need a  reminder to buckle up? Chevrolet is introducing a feature specifically for teen drivers that blocks the car from shifting into gear until the driver puts on their seatbelt. Chevy says the feature is an industry first, and will come standard in some 2020 models.

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