Investors who want to add defensive stocks to their holdings should consider companies that sell everyday essentials and have already proven to be relatively strong performers over the last year. McDonald's (NYSE: MCD) and Procter & Gamble (NYSE: PG) both outperformed the S&P 500 index over the last 15 months. Both pay above-average dividend yields and have wide competitive moats that should lead to many more years of dividend increases.
McDonald's Corporation (NYSE: MCD) today announced the retirement of Robert "Bob" A. Eckert and John W. Rogers, Jr. from the McDonald's Board of Directors effective as of the date of the Company's 2023 Annual Shareholders' Meeting.
A former chief executive of Binance's de-facto U.S. subsidiary has enlisted a former federal prosecutor and top cop at the Commodity Futures Trading Commission to represent her in the U.S. government's investigations into the giant cryptocurrency exchange, a person with direct knowledge told Reuters. Catherine Coley, who launched Binance.US in 2019 and left suddenly two years later, is being advised by James McDonald, now a partner at New York law firm Sullivan & Cromwell, the person said. It's unclear when McDonald began representing Coley in the U.S. investigations, though he appeared as her attorney of record in separate civil litigation against Binance.US in January 2022, court records show.