McDonald's Corp
McDonald’s franchisee group says new California fast food bill will cause ‘devastating financial blow’
After California lawmakers passed a landmark fast food bill, an independent advocacy group of McDonald’s owners is pushing back against what it says will be a “devastating financial blow” to its franchisees in the state, according to a memo to its membership viewed by CNBC. The new legislation, AB 1228, was voted into law late […]
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A fight between fast-food chains and unions in California is over, for now – what to know
Flags are flown at a car caravan and rally of fast food workers and supporters for passage of AB 257, a fast-food worker health and safety bill, on April 16, 2021 in the Boyle Heights neighborhood of Los Angeles, California. Mario Tama | Getty Images Fast-food workers in California are set to receive pay hikes […]
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McDonald’s to start focus groups with owners as part of civil rights audit
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC McDonald’s will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC. The fast food giant retained WilmerHale law firm to conduct the […]
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Meta’s WhatsApp is chasing big businesses in effort to finally capitalize on app’s popularity
It’s been almost a decade since Facebook founder Mark Zuckerberg shocked the tech world, announcing his company’s agreement to spend $19 billion on WhatsApp, a popular messaging app with a tiny business. Since then, WhatsApp has remained somewhat of an anachronism. Usage has continued to grow, with more than 2 billion people now counting on […]
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3 trends are dividing restaurant companies into winners and losers
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC Restaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. Some chains said their higher menu prices alienated diners, while others said consumer behavior hasn’t changed even as their food and […]
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Carl Icahn’s company stock drops 30% immediately after IEP slashes quarterly dividend in 50 %
In this article IEP Comply with your beloved sharesMake Free ACCOUNT Carl Icahn at the 6th yearly CNBC Institutional Investor Offering Alpha Convention on September 13, 2016. Heidi Gutman | CNBC Shares of Carl Icahn’s conglomerate Icahn Enterprises professional a sharp market-off Friday immediately after the agency slashed quarterly dividend in 50 percent amid notable […]
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McDonald’s is creating a spinoff restaurant brand called CosMc’s
1980s McDonald’s Commercial screenshot featuring CosMc. Source: McDonald’s | YouTube McDonald’s is creating a spinoff restaurant chain called CosMc’s, executives said Thursday. The fast-food giant shared few details about the project during its second-quarter earnings call. “CosMc’s is a small format concept with all the DNA of McDonald’s, but with its own unique personality,” McDonald’s […]
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Stock futures rise on better-than-envisioned GDP, Dow heads for document-tying 14th straight get: Stay updates
Inventory futures rose Thursday with the Dow Jones Industrial Normal headed for a 14-day advance, as traders absorbed a solid GDP number and Meta earnings benefits. Dow Jones Industrial Common futures additional 98 factors, or .27%. Futures linked to the S&P 500 have been .78% bigger although Nasdaq-100 futures climbed 1.42%. Gross domestic products confirmed […]
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Stocks making the biggest moves premarket: Southwest Airlines, Meta Platforms, Align Technology, EBay and more
A Southwest Airlines aircraft at a gate at AustinBergstrom International Airport (AUS) in Austin, Texas, US, on Thursday, Feb. 16, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Check out the companies making headlines in early morning trading. Southwest Airlines — The carrier slid 6% premarket after reporting a mixed financial update early Thursday. Southwest […]
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McDonald’s is about to report earnings. Here’s what to expect
In an aerial view, a sign is posted in front of a McDonald’s restaurant on April 03, 2023 in San Pablo, California. Justin Sullivan | Getty Images McDonald’s is expected to report its second-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.79 expected Revenue: […]
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