McDonald's Corp
McDonald’s unintentionally gave a client $5,000 in funds. He went viral on TikTok just after returning it
A great Samaritan has gone viral on TikTok after sharing his unforgettable working experience at a McDonald’s drive thru. Josiah Vargas statements he was buying up his breakfast get when he recognized that the employee at the window had presented him much more than he requested. “I just went to McDonald’s and they just handed […]
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Activist investor Nelson Peltz’s Trian won’t pursue Wendy’s takeover
David Paul Morris | Bloomberg | Getty Images Nelson Peltz isn’t interested in acquiring Wendy’s, according to a regulatory filing made on Friday. Peltz serves as non-executive chair on the burger chain’s board and as chief executive of activist firm Trian Fund Management, which is its largest shareholder. In May, Trian said it was exploring […]
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SEC fines former McDonald’s CEO for misleading investors about his firing
Former McDonald’s CEO Stephen Easterbrook unveiling the company’s new corporate headquarters during a grand opening ceremony on June 4, 2018, in Chicago Scott Olson | Getty Images The Securities and Exchange Commission charged former McDonald’s CEO Steve Easterbrook on Monday with misrepresenting his November 2019 firing. Easterbrook has agreed to a $400,000 fine, without admitting […]
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Some restaurant workers could see big wage growth in 2023
Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike their minimum wage this year, but some restaurant workers could see even bigger gains in 2023. California’s state minimum wage rose to $15.50 an […]
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McDonald’s plans reorganization, job cuts as it accelerates restaurant openings
Noam Galai | Getty Images Entertainment | Getty Images McDonald’s is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris Kempczinski told employees Friday. The fast-food giant said the job cuts aren’t a cost-cutting measure but are instead intended to help the company innovate faster and […]
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The year of the restaurant robot: Why chains are investing in automation and what it means for workers
A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automate salad making in at least two locations. And Starbucks wants its coffee-making equipment to lessen the workload for baristas. This year brought a flurry […]
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McDonald’s hopes deals like 50-cent double cheeseburgers beef up sales on its mobile app
The Ronald McDonald balloon floats past Radio City Music Hall during the 96th Annual Macy’s Thanksgiving Day Parade in New York City on November 24, 2022. Yuki Iwamura | AFP | Getty Images Last holiday season, McDonald’s leaned on singer Mariah Carey’s starpower and discounts to drive customers to their mobile app. This year, the […]
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Jim Cramer says he likes these 3 restaurant stocks for a ‘normalizing’ economy
CNBC’s Jim Cramer on Thursday offered investors a list of his favorite stocks in the restaurant industry that he believes will do well as the economy eventually stabilizes. “Maybe the economy’s normalizing here, or at least the Fed chief thinks it could be soon to normalize. And in a normal environment, stock picking is much […]
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‘Dividend aristocrats’ trounce the market when a recession hits — 10 names to buy now from Wolfe Research
Investors considering the looming threat of a recession next year could snap up these “dividend aristocrats” that historically outperform in a downturn, according to Wolfe Research. Dividend aristocrats have a long track record of raising dividends. What’s more, these stocks typically outpace the broader market heading into and out of a recession, according to Wolfe […]
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Inflation forces mom and pop restaurants and chains like McDonald’s to lean on their strengths
Customers at a McDonald’s restaurant Scott Mlyn | CNBC As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant […]
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