McDonald's Corp
Four self-made millionaires echo the same advice for success: Just get started
Shawn Tsao, co-founder of food-delivery app Caviar. It may not be easy to build a successful business from scratch — but it’s proven to be possible. Throughout my time working at CNBC, I’ve chatted with different entrepreneurs, from people who started successful side hustles to the founders of global unicorn companies. Ultimately, I’ve found that it […]
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Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and […]
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Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges
Hercules Investments CEO and CIO James McDonald. CNBC A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation, federal prosecutors said. The defendant, James Arthur McDonald Jr., is accused of misrepresenting […]
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McDonald’s to end AI drive-through test with IBM
McDonald’s is changing course on its artificial intelligence plans. The fast-food giant will end a test run of its AI drive-through technology partnership with IBM in more than 100 restaurants. The so-called Automated Order Taker will be shut off no later than July 26, according to a memo sent to franchisees late last week, obtained […]
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These are JPMorgan’s best stock picks for shoppers heading into June
JPMorgan highlighted a team of shares to kick off the new trading month, reflecting its analysts’ top picks and some new favorites, which includes Carvana and L3Harris Technologies . The firm’s concentrate list features its leading equity tips qualified close to advancement, money, benefit and short strategies, according to a Monday note. Each of the […]
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McDonald’s exec says average menu item costs 40% more than in 2019
A sign is posted in front of a McDonald’s restaurant in San Leandro, California, Feb. 6, 2024. Justin Sullivan | Getty Images A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price […]
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McDonald’s might never expand CosMc’s. But the spinoff could still pay dividends
The purple coloring of CosMc’s Tropical Spiceade comes from the mix of lemonade, pineapple flavoring and dragonfruit. Amelia Lucas | CNBC Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting started. The burger giant created the spinoff using one of its […]
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Documentary filmmaker Morgan Spurlock, who skewered rapidly meals market, dies at 53
Morgan Spurlock in town conversing to the Herald’s Tenley Woodman about his new movie. Friday, April 04, 2008. Ted Fitzgerald | Medianews Group | Getty Visuals Documentary filmmaker Morgan Spurlock, an Oscar nominee whose most well-known operates skewered America’s food stuff marketplace and who notably ate only at McDonald’s for a thirty day period to […]
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Why Target and McDonald’s are cutting prices and offering deals
A “low price” sign hangs from a shelf at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target‘s weak quarterly earnings underscored why it cut prices on thousands of household staples: It’s struggling to win over bargain hunters. The discounter is not alone. Target’s first-quarter results on Wednesday […]
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McDonald’s franchisee group says $5 value meal can’t last without company investment
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, April 9, 2020. David Paul Morris | Bloomberg | Getty Images An independent advocacy group of McDonald’s franchisees is weighing in on the company’s upcoming value meal promotion, cheering affordability for the consumer, but pushing for […]
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