McDonald’s will offer its $5 menu in most U.S. markets through December to win back lower-income consumers. Franchisees have voted on extending Value Meals and around 80% of local stores have voted to extend the contract until December. Voting on extensions is still ongoing, so more locations may be added in the coming weeks. The […]
This story is part of CNBC Make It’s Millennial Money Series that details how people around the world earn, spend and save their money. In 2007, Alex Smith didn’t plan on building a multi-state restaurant chain that generates nine-figure annual revenue. He just wanted to open an ice cream shop. Smith, now 40, was fresh […]
Here are the key calls on Wall Street on Monday: Goldman Sachs reiterates Nvidia as a buy. Goldman says it is bullish on the stock ahead of next week’s earnings release. “From an equity perspective, we believe the setup is constructive for NVDA as the stock trades at 42x consensus NTM EPS (next twelve months), […]
A customer pushes her shopping cart through the aisles of a Walmart store in the Porter Ranch neighborhood of Los Angeles. Kevork Djansezian | Reuters Prices for many food and other items have fallen Walmartsaid CEO Doug McMillon. But the head of the country’s largest retailer said Thursday that inflation was “more stubborn” in one […]
A sign advertises food specials at a McDonald’s restaurant in Burbank, California on July 22, 2024. Mario Tama | Restaurant CEOs have become obsessive about using the word “value” when explaining to investors why their sales declined this quarter, while also presenting plans for reviving customer traffic in the coming months. To McDonald’s During the […]
