Restaurants
Trump claims California’s $20 fast-food minimum wage hurts businesses. The truth is a lot more complicated
U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin Hotel in Washington, D.C., U.S., Nov. 17, 2025. Evelyn Hockstein | Reuters President Donald Trump on Monday said that California Gov. Gavin Newsom is “laying siege on the minimum wage.” Trump’s comments at the McDonald’s Impact Summit likely referred to California’s […]
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Starbucks Workers United escalates strike during busy holiday season
Starbucks workers walk a picket line as they go on strike outside a Starbucks store on Nov. 13, 2025 in the Clinton Hill neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images One week into what baristas have threatened to make the “largest, longest” strike in Starbucks’ history, the […]
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Panera lost diners by cutting portions and staff. It’s reversing course to win them back
A Panera Bread sign hangs on the exterior of the restaurant on July 25, 2025 in Miami, Florida. Joe Raedle | Getty Images When Panera Bread began shrinking its sandwiches and skimping on salads, it started shedding customers. Now, to win them back, the chain plans to reinvest in the business and undo many of […]
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Fewer burritos, more bargains: Consumers flash holiday warning signs
Shoppers walk through Manhattan on Nov. 7, 2025, in New York City. Spencer Platt | Getty Images High-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks. Those trends may not bode well for the […]
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Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day
Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than […]
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More than 100 lawmakers push Starbucks to resume union negotiations
Starbucks workers and supporters practice picket outside a Starbucks location in New York, US, on Wednesday, Oct. 1, 2025. Michael Nagle | Bloomberg | Getty Images More than 100 lawmakers urged Starbucks to resume bargaining talks with Workers United, the union representing the coffee giant’s baristas, in letters sent to CEO Brian Niccol on Monday. […]
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Restaurant Brands International to form joint venture for Burger King China to accelerate expansion
People walk past a Burger King restaurant with Chinese national flags displayed on a street during the National Day Golden Week holiday on October 5, 2024, in Chongqing, China. Cheng Xin | Getty Images Restaurant Brands International on Monday announced that it will form a joint venture with CPE, a Chinese alternative asset manager, to […]
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They met on Tinder when they were 19. Now, they’re married and run a cake business that brings in over $650,000 a year
Kai Yang Chan (left) and JiaYi Zhou (right) run Singapore-based bakery Cake Inspiration. Courtesy of Cake Inspiration When Kai Yang Chan and Jiayi Zhuo matched on Tinder at age 19, neither of them expected that it would lead to marriage. Six years later, not only have they tied the knot — they’re also business partners. […]
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McDonald’s U.S. boss puts focus on ‘value and affordability’ as consumer spending splits
A McDonald’s restaurant in Richmond, Virginia, US, on Monday, Nov. 3, 2025. Al Drago | Bloomberg | Getty Images McDonald’s leadership is urging operators to stay the course on value offerings as the competition for consumers plays out across the restaurant space. In a memo to U.S. operators following the company’s third-quarter earnings, McDonald’s U.S. […]
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Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]
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