Bookends: In the wake of much backlash over LSU’s recent $28 million renovation to the football locker room, a GoFundMe was started on Thursday to pay for a new library at LSU, WAFB-TV reports. The campaign was launched by Ginger Gibson Burk, a 2008 alumna who studied mass communication and political communication, and is being organized on behalf of the LSU Foundation, the page says. The goal of the campaign is a whopping $20 million, and as of around 6 p.m. it had raised more than $1,000. Read the full story.
Buyer’s remorse: The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department estimated this morning. But consumer spending, which accounts for 70% of economic activity, accelerated to growth at a sizzling 4.3% rate after a lackluster 1.1% annual gain in the January-March quarter. Read the full story.
Order up: McDonald’s Corp. says its sales grew worldwide in its latest quarter after the burger giant made improvements at its stores and implemented new digital-ordering capabilities, The Wall Street Journal Daily McDonald’s on this morning reported adjusted earnings per share of $2.05 for the second quarter, in line with analyst projections and up 3% from a year earlier. Revenue of $5.34 billion was flat compared with a year ago. Read the full story.