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Florida ranks sixth among states with the largest shares of homeowners who don't have meaningful insurance. Putnam County, in the northern part of the state, is at 32.9%, while in Miami-Dade County, nearly 25% lack homeowners insurance that would protect them from calamity. In Miami-Dade County, 33.5% of homeowners pay $4,000-plus a year, ranking it in the top 10 among the country's most populous counties. Curtis, who has lived in Taylor County for 40 years and is a former forester, said many of her neighbors can't afford to pay for insurance. Her insurance doesn't cover hurricane damage, so McDonald will anxiously await news from home until the storm passes, she said.
Persons: Michelle Curtis, Hurricane Helene, Curtis, Helene, Debbie McDonald, Hurricane Idalia, she's, McDonald Organizations: Southeastern, Atmospheric Administration, Miami, Dade, Census, Cedar Locations: Florida, Perry, Hurricane, Taylor County, Florida’s Big Bend, Southeastern U.S, Putnam County, Miami, Dade County, U.S, Cedar, Gainesville, Jacksonville
Elon Musk is worth more than Salesforce or Pepsi after a $100 billion wealth gain since April. Go to newsletter preferences Thanks for signing up! The Tesla CEO's net worth crashed from $229 billion at the start of January to $164 billion by late April, per the Bloomberg Billionaires Index. However, shares of the EV maker have surged by over 80% from their April low, driving a more than $100 billion increase in Musk's wealth to $270 billion at Wednesday's close. That includes an almost $50 billion rise since August 7, when Musk's fortune stood at an estimated $223 billion.
Persons: Elon Musk, , Elon Organizations: Pepsi, Service, Tesla, Bloomberg, Business
WASHINGTON — Vice President Kamala Harris on Wednesday again confirmed that she once worked at McDonald's, pushing back against former President Donald Trump, who has repeatedly claimed she never worked there. "Part of the reason I even talk about having worked at McDonald's is because there are people who work at McDonald's in our country who are trying to raise a family," she said. A spokesperson for the Trump campaign did not immediately respond to a request for comment on Harris' remarks. Trump has also insisted that Harris' anecdote about having worked at the fast-food chain is a "fake story." During Wednesday's interview, Harris said: "My mother raised my sister and me.
Persons: WASHINGTON, Kamala Harris, Donald Trump, Harris, Stephanie Ruhle, Trump Organizations: Wednesday, NBC Locations: McDonald's
Take a look below at the stocks we found that have formed golden cross patterns, according to FactSet data. McDonald's McDonald's made the screen. Goldman Sachs on Monday reiterated its neutral rating but lifted its price target on McDonald's shares by $41 to $325, which implies 8.7% potential upside. Cisco Systems Cisco Systems shares are up about 3.8% this year and made the cut. Analysts polled by FactSet have an average price target of $83.79, which forecasts less than 1% upside for shares according to Monday's close.
Persons: Dow, McDonald's McDonald's, McDonald's, Goldman Sachs, Christine Cho, Pierre Ferragu, Monday's, Wells, Wells Fargo Organizations: McDonald's, Cisco Systems, Nasdaq, Cisco Systems Cisco Systems, CF Industries, FactSet Locations: Monday's, Wells Fargo
Childcare is often top of mind for parents — and it might also be a deciding factor at the ballot box. Many parents just don't have the luxury of relying on family to provide childcare, Drew said, and they shouldn't have to. Schell said that grandparents have actually stepped in to help provide childcare for some parents, especially during the pandemic. Bock said that it would be helpful to find a way to pay grandparents for childcare responsibilities. AdvertisementBut without that extra support, handing childcare over to grandparents isn't feasible.
Persons: , Ohio Sen, JD Vance, Donald Trump's, Charlie Kirk, Vance, Kirk, he's, Taylor Van Kirk, Debbie Drew, wasn't, Drew, Wendi Schell, Schell, Renee Bock, Bock, " Bock, Elliot Haspel, It's, it's Organizations: Service, Business, Teachers, Republicans, New York Department of Education, Social Security, Capita Locations: Portage , Wisconsin, Bronx
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSanchez: The Fed's rate cut benefits small caps and the stock marketGina Sanchez, Chantico Global CEO, discusses investment opportunities following a larger-than-expected Fed rate cut. She also recommended Home Depot for its strong dividend yield and McDonald's for its stability and potential demand growth.
Persons: Sanchez, Gina Sanchez Organizations: Chantico Global, Depot
For the second consecutive year, the fast food giant is discounting one of its most popular menu items on National Cheeseburger Day. On Sept. 18 only, customers will be able to buy the chain's famous Double Cheeseburger for 50 cents. The offer is available to customers who use the fast food chain's smartphone app, and is limited to one burger per customer. Users who open the app will be prompted to take advantage of the National Cheeseburger Day promotion, and the discount will be automatically applied at checkout. The offering from the Golden Arches is competing with value combos from rival fast food chains like Taco Bell, Burger King, Wendy's and Popeyes.
Persons: McDonald's, Taco, Burger, Bacon, Burger King Organizations: Taco Bell, CNBC Locations: Wendy's
And yet an unusual air of uncertainty overhangs this week's meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut. This week's move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans.
Persons: Donald Trump's, Kamala Harris, Jerome Powell, , Powell, Jackson, Freddie Mac Organizations: WASHINGTON, , Federal Reserve, Wall Street, Companies, Associated Press Locations: Jackson Hole , Wyoming
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAccording to a Harris poll from September 2023, about 45% of adults aged 18 to 29 were still living with their parents. However, the "Oracle of Wall Street" economist — so known for correctly predicting the 2008 crisis — did not foresee a recession, given that stronger cohorts would continue to power the economy. Aside from Gen Z and millennial consumers, top-earners are also helping keep the US economy afloat, Whitney noted. Those raking in over $150,000 are still active in the economy, though buying has shifted toward essentials over discretionary products.
Persons: , Meredith Whitney —, Harris, Whitney, McDonald's, Gen Z Organizations: Service, Financial Times, Business, Whitney, US Bureau of Labor Statistics, Dollar
To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent dividends. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. MPLX LPWe start this week with MPLX (MPLX), a midstream energy player. Recently, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock with a price target of $47. The company recently paid a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share.
Persons: Wall, Elvira Scotto, Scotto, TipRanks, Scott Hanold, Ivan Feinseth, Feinseth Organizations: Wall, MPLX, RBC Capital, Logistics, Energy, Hanold, Chord Energy, Tigress Locations: buybacks, Williston
A casting agent discovered Ortega in a video her mother put on Facebook. Jenna Ortega was discovered on Facebook. Tamron Hall ShowWhen Ortega was 7 years old, her mother posted a video on Facebook of Ortega performing a monologue. "It was kind of a joke," Ortega said during an interview on the "Tamron Hall Show" in 2021. Ortega was cast in a series of commercials for brands like McDonald's and Old Navy before eventually landing TV and film roles.
Persons: Ortega, Jenna Ortega, Tamron, Organizations: Facebook, Wired, Navy
Wells Fargo initiates Blackrock as overweight Wells Fargo said the asset manager is well positioned. " Bernstein reiterates Nvidia & Broadcom as top ideas Bernstein said both stocks remain top picks at the firm and that margin fears are overdone. Bernstein reiterates Oracle as a top idea Bernstein said it sees "increasing revenue growth" for Oracle. " Morgan Stanley reiterates Amazon, Alphabet and Meta as overweight Morgan Stanley said the three internet giant's are well positioned in the ad market. Morgan Stanley reiterates Apple as overweight Morgan Stanley named Apple to its Vintage Values list as a stock to own for the next 12 months.
Persons: Wells, Wells Fargo, Stephens, Bernstein, Blackwell, Morgan Stanley, Goldman Sachs, Goldman, Jefferies, McDonald's, it's, Wolfe, Apple, Raymond James Organizations: Simon Property Group, SPG, Blackstone, Apollo, TPG, SF, APO, Blackrock, Nvidia, Broadcom, Oracle, Bank of America, Diageo, of America, Barclays, TAM, CTV, FedEx, UBS, Costco, " Bank of America, Apple, Micron
The chain is extending its $5 meal deal through December and adding other limited-time discounts. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . At the center of the offerings is the $5 meal, which McDonald's said Thursday it would extend for the second time.
Persons: McDonald's, Organizations: Service, McDonald's, Business
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are better opportunities outside of McDonald's in the sector, says TD Cowen’s Andrew CharlesRestaurant Business Magazine’s Jonathan Maze and TD Cowen’s Andrew Charles, join McDonald’s extending its value meal and the state of the quick service and fast casual sectors.
Persons: Cowen’s Andrew Charles, Jonathan Maze Organizations: Cowen’s Andrew Charles Restaurant, McDonald’s Locations: McDonald's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFast food chains in 'tough position' if all they have going for themselves is price: Fmr. Panera CEORon Shaich, Former Panera Bread CEO and CAVA chairman, joins 'Closing Bell Overtime' to talk McDonald's expanding its $5 meal deal, more chains rolling out value meals, Brian Niccol's approach to Starbucks and more.
Persons: Ron Shaich, Brian Niccol's
Read previewI am in the middle of what I'm calling Stay Home September. After my trip, I calculated I spent nearly $3,000 for six days and five nights at the parks — far more than I could afford. AdvertisementFood is my biggest expense and my biggest obstacleEvery month, my biggest expense (beyond my New York City rent) is food. I'm a terrible cook, so I am not looking forward to this change, but I hope this measure will cut my biggest expense in half. I'd rather spend money, have adventurous experiences, and explore new cultures than stay home and count my dollars.
Persons: , I've, I'm, extrovert, I'd Organizations: Service, Disney, Business Locations: New York City, Costa Rica, Italy, Orlando, Airbnbs
McDonald's will extend its $5 value meal into December in most U.S. markets as it looks to win back lower-income consumers. Franchisees have been voting on extending the value meal, and roughly 80% of local markets have opted to extend the deal into December. Votes on extensions are ongoing, so additional locations may be added in the weeks to come. The value meal offers a McDouble or McChicken sandwich, small fries, four-piece chicken nuggets and a small soft drink for $5. Owners will also be offering local promotions in the weeks and months to come, in addition to the value bundle, the company said.
Persons: we're, Joe Erlinger
Washington D.C. police released body-worn camera footage from officers who fatally shot a community activist shortly after he crashed into a McDonald's. Body cam footage released by Washington D.C. Metropolitan Police of a fatal officer-involved shooting. Washington D.C. Metropolitan Police Dept. "Hands up, hands up, hands up, hands up, hands up! "“Hands up, hands up, hands up, hands up!"
Persons: Justin Robinson, Marion Barry, Robinson, Pamela Smith, Smith, , Brandon Burrell, shouldn't, Burrell Organizations: Washington D.C, Metropolitan Police, NBC Washington D.C Locations: Washington
In some places — especially in the U.S. — we aren't always delivering," Niccol wrote in the open letter addressed to customers, employees and stakeholders. Niccol, who calls himself a long-time Starbucks customer, outlined four areas for improvement: the barista experience, morning service, its cafes and the company's branding. "This is our plan for the U.S., and where I need to focus my time initially," Niccol wrote in the letter. Later, Niccol plans to address its international business, like China, its second-largest market. The coffee giant named Niccol as chief executive in August, in conjunction with the company's ouster of then-CEO Laxman Narasimhan.
Persons: Brian Niccol, Niccol, We're, Laxman Narasimhan, shakeup, he's Organizations: U.S, Starbucks Locations: U.S, China, Gaza
An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.
Persons: , It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged
Read previewAmerica's wild, multi-year shopping spree has come to an end — and retailers who got used to Americans dropping cash on just about everything are in a tough spot. US retail sales came in stronger than expected in July, with Americans spending more overall compared to the prior month, according to Census data. Around 40% of consumers said they planned to pare back spending on accessories, home decor, jewelry, and furniture, per McKinsey's survey. We're now back in an environment where good retailers, strong brands that offer compelling value … will benefit," Siegel said. In the meantime, that could mean more pain for retailers, Siegel said, speculating that many were caught by surprise by the shift in consumer sentiment.
Persons: , Ted Rossman, Rossman, pare, Simeon Siegel, Siegel, We're, SPDR Organizations: Service, Business, McKinsey & Company, Bankrate, Customers, BMO, Challenger, Walmart, Target, San Francisco Fed, Primerica Locations: FactSet
Ordering delivery has gotten wildly expensive
  + stars: | 2024-09-07 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +5 min
AdvertisementThe premium that diners pay to have their food delivered can be hefty. That might make delivery seem like an obvious place for consumers to cut back their spending these days. DoorDash customers have continued ordering food — and, increasingly, groceries and other products — from the service, Xu said. He and his wife still have Thai food delivered, for instance, when they have friends over in the evenings and don't want to interrupt socializing with a trip to pick up dinner. Do you work for a gig delivery service and have a story idea to share?
Persons: , Ravi Wadan, Wadan, Uber, Taco Bell, Tony Xu, We're, Xu, hasn't, Dara Khosrowshahi, Khosrowshahi Organizations: Service, TikTok, Business Locations: Seattle, FinanceBuzz, McDonald's
Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. In recent months, Brown has blamed some of the plant-based meat industry's woes on misinformation from the meat industry and cattle farmers, such as skepticism about plant-based meat's processing. Beyond already sells plant-based steak tips, but the new product mimics the texture of a filet with mycelium, the rootlike part of fungi. Brown envisions the steak alternative as a substitute for chicken, topping salads and stuffing burritos as a source of protein. The new products have short ingredients lists, in the hopes of winning over customers who previously thought plant-based meat was too processed.
Persons: Ethan Brown, Dunkin, Brown Organizations: PepsiCo, American Cancer Society
When Taco Bell announced the event back in July, it invited hundreds of fast-food lovers to slow down and enjoy "early retirement" with all-you-can-eat Taco Bell meals and "senior-inspired recreation." Hanging among the racks were limited-edition Taco Bell merchandise, vintage T-shirts, basketball shorts, hot pants, and many, many hats. I opted for the Cantina chicken burrito and soft taco, my favorite new menu items at Taco Bell. Tim revealed he was an avid runner who had trekked two miles to grab a single taco from Taco Bell for 97 days in a row. Anneta Konstantinides/Business InsiderWhen I asked Rotter why Taco Bell was so important to him, he recalled a trip to the only Taco Bell in Hawaii that sells kalua pork, where the staff lit up over his Hawaiian Taco Bell shirt.
Persons: , Taco, Taco Bell, Uber, tacos, Kenny Rotter, Rotter, fanny, there's, Snoop, I've, Anneta, Taylor Montgomery, Taco Bell's, Montgomery, Dolly Parton, Bell, Gen Z, Tim, dink, influencer Joey Zauzig, Zauzig, Will, James, Caroline Organizations: Service, Taco Bell, Bell, Business, New York, Subway, Planters, KFC, Mac Locations: San Diego, La Valle, San Diego's, Santa Fe, Los Angeles, San, Woodstock, LA, Taco, Hawaii, America
Downtown Campo is an hour away from San Diego in California. Downtown Campo has 28 buildingsThe listing for downtown Campo includes three separate parcels totaling about 16 acres. HMBD Real Estate MarketingRay first purchased the property in 2000 when he lived in San Diego. HMBD Real Estate MarketingHernandez echoed that sentiment, saying locals mentioned renovating the local basketball court and a new playground. AdvertisementHernandez said he's had offers from a mix of interested parties, including traditional real estate investors and people pitching unique concepts.
Persons: , Deborah Jean Peck, I've, Peck, Campo, John Ray, Nick Hernandez, " Hernandez, Marketing Ray, He's, Ray, Hernandez, Marketing Hernandez, who's, he's, Tony Hawk Organizations: Service, Campo, Business, Downtown, Campo Baptist Church, Marketing, Cleveland National Forest, Campo Metal, Campo hasn't, downtown Locations: Campo, San Diego, Downtown Campo, California, HMBD, Las Vegas, Coast, Mexico, Canada, downtown Campo
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