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☆ Big oil shareholders could get a lot richer
▼ + stars: | 2024-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Big oil just got bigger, and shareholders could soon be getting richer. Dollar Tree will reopen these stores with its own products under its brand beginning in the fall, reports my colleague Nathaniel Meyersohn. Dollar Tree, a national company with mostly suburban locations, primarily offers discretionary merchandise like party supplies and home goods. Dollar Tree also owns Family Dollar, based mostly in cities. Family Dollar has underperformed Dollar Tree and other discount chains in recent years, and it’s closing 975 stores.

Persons: Stewart Glickman, ”, “ it’s, Stewart, Hess, McDonald’s, Joe Erlinger, “, Danielle Wiener, Bronner, they’re, Chris Kempczinski, ” Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, ConocoPhillips, Marathon, Diamondback, Endeavor Energy Partners, “, McDonald’s, America, Mac, ” Locations: New York, multibillion, McDonald’s USA, U.S, Arizona , California , Nevada, Texas, Virginia, West Coast

☆ McDonald’s: Our prices haven’t risen as much as you think
▼ + stars: | 2024-05-29 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —McDonald’s has a message for America: Rumors of Big Mac inflation are greatly exaggerated. “The average price of a Big Mac in the U.S. was $4.39 in 2019,” he said. That’s an increase of 21% (not 100%).”What Erlinger wants customers to know is not that high-priced McDonald’s burgers don’t exist at all. Erlinger is fighting back because McDonald’s pricey burgers have become something of a symbol of elevated fast food prices. “It’s imperative that we continue to keep affordability at the forefront for our customers,” McDonald’s CEO Chris Kempczinski said during an April 30 analyst call.

Persons: New York CNN — McDonald’s, McDonald’s, Joe Erlinger, ”, “, they’re, Chris Kempczinski, NOA, Erlinger nodded, —, Jordan Valinsky Organizations: New, New York CNN, America, McDonald’s, Mac, ”, Wall Street Journal, National Owner’s Association Locations: New York, McDonald’s USA, U.S

☆ Fast food is expensive. Applebee’s and Chili’s are moving in
▼ + stars: | 2024-05-11 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

For them, and the fast food chains they’re now competing against, the stakes are high. “Fast food has gotten really expensive,” Henkes said. On X, Chili’s asked whether Chili’s is better than fast food, and promised rewards to those who said yes. Chili’s also ran video ads comparing its food favorably to fast food burgers. “People go to sit-down restaurants, generally speaking, for different occasions, than they go to fast food restaurants,” he noted.

Persons: New York CNN — McDonald’s, Applebee’s, ” John Peyton, it’s, Peyton, “, ”, Henkes, McDonald’s, Chris Kempczinski, Ian Borden, we’ve, Chili’s, Kevin Hochman, Chili's, Jeffery Greenberg, David Henkes, ” Henkes Organizations: New, New York CNN, Dine Brands, CNN, Bureau of Labor Statistics, Bloomberg, Applebee’s, Brinker International, Universal, “ Locations: New York, McDonald’s, Applebee’s, Chili’s, Technomic

☆ In Los Angeles, Bringing Food, Soap and the Salon to the Homeless
▼ + stars: | 2023-06-21 | by ( Joshua Needelman | ) www.nytimes.com time to read: +1 min

‘It’s become a little internet family’Ms. Raines wants to spread that outlook — and has harnessed social media to do so. It is also a fund-raising device for an operation that runs entirely on donations, Ms. Raines said. “People have grown to love some of the people that we support and take care of,” Ms. Raines said. Some days, Ms. Raines brings McDonald’s burgers. Sometimes a chef in a food truck cooks enchiladas, chicken tortilla soup or vegan cauliflower steaks.

Persons: ‘ It’s, Ms, Raines, ” Ms, “ It’s, Sydney Granados Organizations: Costco Locations: Downtown Los Angeles

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