Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Officer"


25 mentions found


In New York, a similar but limited pilot program called “B-Heard” dispatches EMTs and trained mental health responders to some emergency calls. 2 minutes, 4 gunshots, and a young life cut shortRozario was in the throes of an apparent mental health crisis when he called 911 on March 27. Another vision for crisis interventionRozario wasn’t the first New Yorker to die at the hands of police while experiencing a mental health crisis. Community Access, a non-profit supporting people with mental health concerns in New York, says at least 26 New Yorkers experiencing mental health crises have been shot and killed by police since 2007. “No mother should have to go through the pain I’m going through,” Rozario’s mother said.
Persons: CNN —, ” Notan Eva Costa, , ” Costa, , general’s, Win Rozario, Rozario, EMTs, Loyda Colón, Utsho, “ Tell, Colón, ” Colón, Michael Alcazar, Kawaski Trawick, Deborah Danner, Mohamed Bah, Jeremy Gates, Evan Thompkins, ” Arvind Sooknanan, Sooknanan, Ken Zimmerman, Fountain, they’ve Organizations: CNN, New, New York City, Rozario, NYPD, Justice, John Jay College of Criminal, Eugene Police Department, White Bird Clinic, , STAR, Fountain House Locations: Queens, New York, New York City, Eugene , Oregon, Denver , Colorado, South Dakota, Rozario, Alcazar, Eugene, Springfield , Oregon, Colorado, Denver, Fountain
When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)
Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC
I don't know how JPMorgan Chase knew that I would spend $200 on Botox in Argentina, but it did. It's great that banks and credit-card companies are getting better at discerning which payments are fraudulent and which are legit. Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving. So I reached out to some credit-card companies and academics to learn more. But it's cool that companies really are making fraud detection better, especially in a world where fraudsters themselves are constantly getting better.
Persons: JPMorgan Chase, it's, Nilson, We've, that's, Tina Eide, Eide, Mike Lemberger, they've, Lemberger, here's, Yann, Aël Le Borgne, Gianluca Bontempi, Bontempi, I'd, Le Borgne, somebody's, Emily Stewart Organizations: Citibank, JPMorgan, Federal Trade Commission, American Express, Netflix, Libre de Bruxelles, Companies, Visa, Citi, Business Locations: California, Buenos Aires, Botox, Argentina, North America, Belgium, Lemberger
“The move into wedding wear makes sense so long as it’s not a distraction from their core business,” Stichter said. “For these bridal collections to land with Gen Z, It’s important that these brands tap into the way that Gen Z shops. Gen Z is always online, but 97% of US Gen Z still shop in-store,” Rees said. With wedding dresses in particular, one trend that emerged during the pandemic was the popularity of black wedding gowns. Boot Barn has a new western-themed wedding collection of bridal dresses, cowboy boots, hats and accessories priced mostly at $400 and below.
Persons: Gen Zers, Taylor Swift, , Janine Stichter, Millennials, ” Stichter, ” Carey Collins Krug, , won’t, Allyson Rees, Gen Z, ” Rees, Gen, they’re, Rees, it’s, ” Lisa Zlotnick, “ There’s, Isha Nicole, ” Nicole Organizations: New, New York CNN, Abercrombie, Fitch, Abercrombie & Fitch Co, CNN, Locations: New York, California, Los Angeles, Las Vegas
If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.
Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, , SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, , European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes
CNN —A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military pilots to land on aircraft carriers, unknowingly worked with a Chinese hacker, his lawyer said. The lawyer’s filing supports Reuters reporting linking Duggan to convicted Chinese defense hacker Su Bin. The case will be heard in a Sydney court this month, two years after his arrest in rural Australia at a time when Britain was warning its former military pilots not to work for China. Su Bin, arrested in Canada in 2014, pleaded guilty in 2016 to theft of US military aircraft designs by hacking major US defense contractors. Duggan asked Su Bin to help source Chinese aircraft parts for his Top Gun tourist flight business in Australia, Collaery wrote.
Persons: CNN —, Daniel Duggan, Duggan, Su Bin, Bernard Collaery, Mark Dreyfus, Collaery, Su Bin “, , AVIC, , Mr Duggan Organizations: CNN, US Marine, Reuters, Gun, Australian Security Intelligence Organisation, US, AVIC, ASIO, US Navy Criminal Investigation Service, United Locations: Australia, Australian, Beijing, Sydney, Britain, China, Canada, United States, Australia’s Tasmania, backdated
The ‘Betches’ Got Rich. So What’s Next?
  + stars: | 2024-05-11 | by ( Sapna Maheshwari | ) www.nytimes.com   time to read: +1 min
“There’s no Torah reading,” Jordana Abraham, the chief comedy officer, deadpanned. As far as coming-of-age tales go, Betches has an upbeat one in a digital media landscape without many. The company, which was early to the phenomenon of viral content as a foundation for digital media companies, never took on outside investment, unlike most of its peers. They started an anonymous humor blog, called “Betches Love This Site,” while they were seniors, roommates and sorority sisters at Cornell University in 2011. (A guide to drinking recommended shots, preferably of vodka, with the aim of blacking out; recommended diets included anorexia.)
Persons: Sami Sage, , ” Jordana Abraham, Betches, Abraham, Sage, Aleen Dreksler Organizations: Betches Media, Cornell University Locations: Flatiron, Long, Roslyn
A New York court on Friday struck down a Long Island county order that barred transgender women from playing on women’s sports teams at county-owned sports facilities. The case had raised questions about whether the ban was legal under the state’s human rights law. But the ruling on Friday by Justice Francis Ricigliano of Nassau County Supreme Court turned on a technical issue: The county executive, Bruce Blakeman, had “acted beyond the scope of his authority as the chief executive officer of Nassau County” when he imposed the ban, Justice Ricigliano said. The right to pass such laws is reserved for legislative bodies, and chief executives of local governments cannot “unlawfully infringe” on those rights, the ruling stated. Gabriella Larios, a staff attorney at the New York Civil Liberties Union, said on Friday that the decision “deals a serious blow to county executive Blakeman’s attempt to score cheap political points by peddling harmful stereotypes about transgender women and girls.”
Persons: Justice Francis Ricigliano, Bruce Blakeman, Ricigliano, Gabriella Larios, Blakeman’s, Organizations: Nassau County Supreme, Nassau County ”, New, Civil Liberties Union Locations: York, Nassau County
Orleck and Tamari are among at least 50 professors arrested at campus protests across the country, according to a CNN review of police records, court filings, and news reports. (Since April 18, more than 2,400 students have been arrested amid protests on more than 50 campuses.) Officials from several universities where professors were arrested in connection with recent protests declined to comment on individual cases. All the professors, Blair said, were “expecting to get arrested.” Though Blair himself was not arrested, at least four other UCLA professors were that day. “I want to say some of my colleagues, particularly at Emory and Washington University, were treated much more brutally.
Persons: Orleck, whiplash, Steve Tamari, Louis, Tamari, , Caroline Fohlin’s, Fohlin, Gregory Pflugfelder, Isaac Kamola, Alex Kent, , Kamola, “ There’s, Gregory Fenves, Fenves, Emory, Carol Folt, Andrew Guzman, Minouche Shafik, Joseph Howley, Graeme Blair, Blair, , ” Orleck, she’d “, they’re, Sian Leah Beilock, WMUR, ” Tamari, Mo, Christine Tannous, Andrew Martin, hasn’t, ‘ Don’t, “ Don’t, ” Michael Allen, ” Allen, Allen, I’m, St . Louis, Michael Allen “, Chancellor Martin, Bikrum Gill, Gill, ” Gill, it’s Organizations: CNN, Dartmouth College, Washington University, Palestinian, Emory University, Columbia University, New York Times, American Association of University, ’ Center, Defense, Faculty of Columbia University, Getty, Emory, University of Southern, USC, Columbia, UCLA, Justice, Green, Hanover Police Department, Police, Louis Post, AP Protesters, Boeing Company, Israel Defense Forces, University, Desirée, Virginia Tech Locations: New Hampshire, St, Palestinian American, Atlanta, New York, Columbia’s, Palestine, Gaza, Los, Los Angeles, Dartmouth, Emory, Palestinian, American, Louis , Missouri, Missouri, Illinois, Louis, Washington, Israel, St .
Xavier Gutierrez, CEO of the Arizona Coyotes and CEO of ImpactX Sports Group (L), and Pedro Guerrero, CEO of Guerrero Media. Gutierrez had previously been a managing director at private equity firm Clearlake Capital Group and knew Meruelo for about a decade before becoming the NHL's first-ever Latino CEO. It took a Latino owner to hire a Latino CEO, Gutierrez explained in an interview, because Hispanics are not well-represented in leadership positions in professional sports. Gutierrez, who is technically still CEO of the Arizona Coyotes even though the franchise is inactive, says he is the only non-owner Latino CEO. Gutierrez and Pedro Antonio Guerrero, the CEO of executive advancement company Guerrero Media, introduced Latinos in Sports at an event in Miami last week.
Persons: Xavier Gutierrez, Pedro Guerrero, Alex Meruelo, Gutierrez, Jorge Mas, haven't, Pedro Antonio Guerrero, Vianni Lubus, Mike Valdes, Fauli, José Feliciano Organizations: Arizona Coyotes, ImpactX Sports, Guerrero Media, Hockey League's Arizona Coyotes, Arizona team's, Coyotes, Clearlake Capital Group, NHL, National Football League, National Basketball Association, Major League Baseball, Major League Soccer, MLS, Inter Miami CF, Sports, CNBC, Chemistry Cultura, Clearlake Capital, Premier League's Chelsea Football Club Locations: Utah, Arizona, Guadalajara, Mexico, Cuban, American, U.S, Canada, Miami
Abuja CNN —Prince Harry joined in - but lost - a game of sitting volleyball against wounded army veterans as he and his wife Meghan were well received on the latest leg of their tour of Nigeria. After arriving at an officer’s mess late morning local time they were immediately taken to watch a sitting volleyball game. They were given scarves in the green and white colors of Nigeria as they took their seats in the arena. Megan receives flowers from a girl upon her arrival for an exhibition sitting volleyball match at Nigeria Unconquered. “Honestly, Prince Harry and Meghan’s visit to Nigeria, it means a lot to me personally,” flight sergeant Ifeoma Loveleen Nwagbo told CNN.
Persons: Abuja CNN — Prince Harry, Meghan, servicemembers, Duke, Sussex’s, Harry, Akanbi, , , Kola Sulaimon, Prince Harry, Meghan’s, Ifeoma Loveleen Nwagbo, Gloria Kisitmwa Dimka, Duchess of Sussex, ” Harry Organizations: Abuja CNN, Nigeria’s Defence Staff, , Sussex’s Invictus Games, Nigerian, CNN, Sussex Squad, Nigeria, Getty, CNN’s Royal Locations: Abuja, Nigeria, ‘ Nigeria, Sussex Squad Nigeria, Nigerian, Kola, AFP, West African
CNN —Flash flooding that has ravaged northern Afghanistan in recent days has killed at least 200 people, UN agency the International Organization for Migration (IOM) told CNN Saturday. An Afghan man walks near his damaged home after heavy flooding in Baghlan province Saturday. Afghan men shovel mud from a house following flash floods. The flash floods add to a string of recent natural disasters that the region has had to endure. Flash floods also swept away dozens in Afghanistan in July, less than three months before thousands were killed by a powerful 6.3 magnitude earthquake that struck the western part of the country.
Persons: , Salma Ben Aissa, Mehrab, Gulbudeen, Zabihullah Mujahid, , ” Mujahid, Mujahid Organizations: CNN, UN, International Organization for Migration, IOM, Afghanistan National Disaster Management Authority, Rescue, Reuters, AFP, Getty Locations: Afghanistan, Badakhshan, Ghor, Herat, , Afghan, Baghlan, Laqayi, AFP, Pakistan
Meta uses public Instagram and Facebook photos and text to train its AI text-to-image generator. Meta executive Chris Cox told Bloomberg's Tech Summit the company doesn't "train on private stuff." The chief product officer's comments come as Big Tech firms race to get data to train AI models. AdvertisementBig Tech firms are scrambling for AI training data and Meta seems to have one big advantage over its rivals: using Instagram and Facebook photos. "We don't train on private stuff, we don't train on stuff that people share with their friends, we do train on things that are public," he said.
Persons: Chris Cox, Organizations: Bloomberg's Tech Summit, Big Tech, Service, Bloomberg's Tech, Business
A woman found living in the rooftop sign of a grocery store in Michigan had set up the small space to call home with flooring, a Keurig coffee maker and a computer, the authorities said. The unidentified 34-year-old woman, who was not formally charged with anything, had been living there for about a year, Brennon Warren, a spokesman for the Midland Police Department in Midland, Mich., said in an email. The police were called by store staff members on April 23 around 2 p.m. after contractors who were working on the roof found her, Officer Warren said. It is unclear how she was getting up and into the triangular sign on the rooftop of a Family Fare store, he said, estimating the building to be between 15 to 20 feet tall and the space where she had been living to be about 10 to 15 feet in length, five feet wide and approximately six to eight feet “at its highest peak.”
Persons: Brennon Warren, Warren, Organizations: Midland Police Department Locations: Michigan, Midland, Mich
A swarm of wasps in the southern Gaza Strip injured twelve IDF soldiers. Sheba Medical Center in Tel Aviv treated the wounded soldiers, with one requiring intensive care. AdvertisementTwelve IDF soldiers were injured after being attacked by a swarm of wasps in the southern Gaza Strip, the Times of Israel reports. Sheba Medical Center in Tel Hashomer admitted 10 of the wounded soldiers for treatment, with one requiring intensive care, said the report. In the wasp incident, the swarm was provoked by a tank rolling over its nest.
Persons: , Efrat Katz Organizations: Gaza, Gaza Division's Southern Brigade, Sheba Medical, Service, Gaza Division's, Brigade, Sheba Medical Center, IDF, US Marine, Business Locations: Gaza, Tel Aviv, Israel, Tel Hashomer, Kentucky, Nirim, Hamas
The town of Vovchansk in the northern Kharkiv region, liberated from Russian occupation more than 18 months ago, awoke Friday to intense shelling and aerial bombardment. As of Saturday, it appeared the Russians still held a handful of Ukrainian border villages, with intense aerial bombardment continuing in the Vovchansk area. Barros says that it is instead to compel Ukrainian forces to pivot from Donetsk to Kharkiv region. Gunners fire at Russian positions in the Kharkiv region on April 21. In Krasnohorivka, for example, Ukrainian units were able for months to use apartment buildings and a brick factory as defensive positions.
Persons: Volodymyr Zelensky, Vadym Skibitsky, George Barros, Sever, , ” Barros, Anatolii Stepanov, Barros, exacerbates, Vyacheslav Madiyevskyy, Zelensky, Chasiv, Chasiv Yar, Skibitsky, Stanislav, , that’s Organizations: CNN, Ukraine, Russian, Ukrainian Defense Intelligence, Institute for, ” Gunners, Getty, Manpower, Reuters, Gunners, Kharkiv, United States, Zelensky Locations: Vovchansk, Kharkiv, Russia, Donetsk, Ukraine, North, Washington, “ Russia, Ukrainian, AFP, Sumy, Donetsk oblast, Belgorod, Russian, Chasiv Yar, Chasiv, , Kreminna, Kharkiv oblast
With limited logistics and no hope of reinforcement, 30,000 UN soldiers faced over 120,000 Chinese troops in a battle considered one of the most brutal of the Korean War. A lack of proof and a mother’s faithSoon after the war, the opposing nations embarked on Operation Glory, a 1954 exchange of thousands of sets of remains of Korean War dead. Spruell’s name also was recorded, it said, at the cemetery’s Courts of the Missing, where the names of 8,210 Americans lost in the Korean War were listed when it was dedicated in 1966. But the brother rarely spoke of the young man last seen halfway around the world near the Chosin Reservoir, said another one of his children, Dennis Spruell. More recently, it called Dennis Spruell with the news.
Persons: Cpl, John Albert Spruell, 7th Infantry Division –, Spruell, Spruell’s, Pauline Sleeper, , , Dennis Spruell, ” Dennis Spruell, , Sleeper, Dennis ’, Donna Lee Bailey, John Spruell, John A, Bailey, “ he’s, Charles Haley, Spruell didn’t, Haley, James Bell, John Spruell’s, ” Bailey, son’s, “ They’re Organizations: CNN, UN, 57th Field Artillery Battalion, 7th Infantry Division, Army, Operation, 57th Field Artillery, US Defense Department’s Defense POW, Agency, Memorial, of, Defense POW, Punchbowl, Spruell Defense POW, Army Mortuary Locations: Cortez , Colorado, Hagaru, Colorado, Cortez, Korean, Honolulu, cemetery’s, Korea, Japan
A US Marine officer said the Israel Defense Forces (IDF) has been shooting down some of its own drones. The officer said the IDF had been taking out 40% of their own UAVs, per The War Zone. AdvertisementThe Israel Defense Forces (IDF) have been shooting down almost half of their own drones, a US Marine Corps officer has said. The Marine Corps told Business Insider that The War Zone report was accurately contextualized but declined to provide additional information. Reports have also emerged suggesting that the IDF had likely accidentally killed Israeli citizens during Hamas' attacks on October 7.
Persons: , Michael Pruden, it's, Pruden, Efrat Katz Organizations: US, Israel Defense Forces, IDF, Service, US Marine Corps, Marine Corps, Royal United Services Institute, Haaretz, Israel Air Force Locations: Gaza, Israel
Russia has launched a major attack in Ukraine's northeastern Kharkiv region. Zelenskyy said Ukrainian forces have responded to the attack, but "a fierce battle is underway." There are fears it could be part of a renewed drive for the city of Kharkiv that Russia failed to seize in the war's early months. AdvertisementRescuers work at a house in Kharkiv on May 10, 2024 after a Russian missile attack. The analysts said Moscow lacks enough troops in the area, and did not try to attack the city from multiple directions.
Persons: Zelenskyy, , Volodymyr Zelenskyy, Dara Massicot, Andrii, Andrii Kovalenko, Kovalenko Organizations: Service, Images, Slovakian, Carnegie Endowment, International, AP, Institute for, National Security and Defense Locations: Russia, Ukraine's, Kharkiv, Kyiv, Ukraine, Ukrainian, Vovchansk, Moscow, Russian
Inside a subway station in Lower Manhattan, a group of police officers slowly followed a disheveled man in a soiled gray sweatshirt who was stammering and thrashing his arms wildly. He thumped his chest with an open palm and then, growing exasperated, sat down on a staircase. “Come on,” one officer, Heather Cicinnati, said as the man stumbled forward, disoriented and agitated. “We’ve got to leave the station.”The police officers were part of a team led by a medical worker whose job is to move — by force, if needed — mentally ill people, who are often homeless, out of New York City’s transit system. On that brisk March morning, the team handcuffed him and dragged him out of the subway station.
Persons: , Heather Cicinnati, “ We’ve Locations: Lower Manhattan, New York
Some are practicing something called "AI washing," which Securities and Exchange Commission chair Gary Gensler explained in a video includes "false claims to investors by those purporting to use those new technologies." In reality, what AI washing leads to is a breakdown of confidence between vendors and their consumers, enterprise partners and investors. Bates says so-called button-pushing applications are AI washing, too. "These prompts that are being sold as AI companies, they have to be maintained and monitored and adjusted in order to work." Stewart says even 80–90% gross profitability for a fully AI company with limited human intervention is standard.
Persons: they're, Gary Gensler, It's, it's, Michael Stewart, Timothy Bates, Bates, Toby Coulthard, Coulthard, Microsoft's, Stewart Organizations: Securities, Exchange, SEC, Inc, University of Michigan, Flint College of Innovation & Technology, Lenovo, General Motors
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los Angeles for wire fraud, tax evasion and other counts related to the alleged scheme. "These charges are unprecedented, unwarranted, unsubstantiated and unjust," Fat Brands counsel Brian Hennigan said in a statement. As chief executive of Fat Brands, Wiederhorn, 58, allegedly directed the company to loan its own funds to him, with no intention of ever paying the "sham" loans back, according to the indictment. He also did not report any of the so-called loans from Fat Brands as income, according to the indictment.
Persons: Andy Wiederhorn, Johnny, Brian Hennigan, Wiederhorn, overreach —, Nicola Hanna, Wiederhorn's, Thayer, Ron Roe, Rebecca Hershinger, William Amon Organizations: Brands, Johnny Rockets, U.S . Securities, Exchange Commission, Fat Brands, SEC, Fog, Wiederhorn Locations: Los Angeles, Oregon, U.S
The accuser, economist Sarah Aneesah Hakh, told an online press conference held in the capital Georgetown that former Minister Nigel Dharamlall sexually assaulted her in 2020 and 2021. Hakh said the first alleged incident occurred during a business meeting when Dharamlall was Guyana’s senior minister of regional development. He has been photographed recently with Guyanese President Irfaan Ali and Vice President Bharrat Jagdeo. In a March statement, Guyanese women’s rights group Red Thread criticized officials for failing the accuser. During their meeting, Hakh alleges Dharamlall tried to remove her clothes.
Persons: Sarah Aneesah Hakh, Nigel Dharamlall, Hakh, Dharamlall, ” Hakh, Irfaan Ali, Bharrat Jagdeo, , , Ali, , they’re Organizations: CNN, People’s Progressive Party, ” CNN, Anna Regina State House, Dharamlall, Guyanese Locations: Guyana, Georgetown, Guyanese, Cummings
Ford Motor on Friday named the former chief financial officer of electric vehicle startup Lucid to replace its current CFO, who is being promoted to more closely oversee the company's ongoing turnaround plan. The ex-Lucid executive, Sherry House, will join Ford first as finance vice president in early June. She's set to transition into the CFO role in early 2025, the company said in a press release. In the meantime, current CFO John Lawler will continue in his position while expanding his role to become vice chair. "Make no mistake, EVs are coming, EVs are part of the future," Lawler had told CNBC back in February.
Persons: John Lawler, Linda Zhang, Sherry House, She's, Lawler, Ford, Sherry, Jim Farley Organizations: New York Stock Exchange, Ford, CNBC, Lucid Motors, General Motors Locations: New York City , New York, U.S, Saudi Arabia
McDonald’s is working to introduce a $5 value meal
  + stars: | 2024-05-10 | by ( Kate Rogers | ) www.cnbc.com   time to read: +2 min
McDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The value meal was first reported by Bloomberg News. The potential new offering comes at a time when low-income consumers are beginning to pull back on spending, particularly at fast-food brands. Mentions of low-income consumers on company earnings calls are at their highest levels in nearly two years, according to data from Bank of America. An initial proposal by McDonald's for the $5 value meal did not clear necessary hurdles, and additional details are now being discussed, according to a person familiar with the process.
Persons: McDonald's, Dave, Buster's, Chris Kempczinski, Kempczinski, Ian Borden, — CNBC's Amelia Lucas Organizations: CNBC, Bloomberg News, Bank of America, McDonald's, U.S Locations: U.S
Total: 25