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☆ Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines
▼ + stars: | 2024-11-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street's expectation as same-store sales at KFC and Pizza Hut slid more than expected. Yum's worldwide same-store sales fell 2% in the quarter, dragged down by weaker performances at KFC and Pizza Hut, which both reported same-store sales declines of 4%. KFC's U.S. same-store sales slid 5% this quarter. The pizza chain saw its international same-store sales shrink 6%, while U.S. same-store sales fell just 1%. Taco Bell, the gem of Yum's portfolio, reported same-store sales growth of 4%.

Persons: Yum, David Gibbs, Popeyes, Taco Bell Organizations: Yum Brands, KFC, LSEG, KFC's, U.S Locations: China, U.S

☆ China is so crazy about durian that it's now Pizza Hut's best-selling pizza ingredient in the country
▼ + stars: | 2024-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Durian pizza is now Pizza Hut's hottest pie in China, with Yum reporting 30 million sold this year. Yum China, which runs Pizza Hut in the country, said in its quarterly earnings call on Monday that durian pizza has become its top pie nationwide. "One in every four pizzas sold in Pizza Hut China is now a durian pizza. A promotional image for Pizza Hut China's durian pizza. Net income also grew to $297 million, up 22% from $244 million in Yum China's third quarter of 2023.

Persons: Yum, Joey Wat, —, Wat Organizations: durian, Service, HSBC, Yum, KFC Locations: China, Pizza Hut, China China, Asia, Southeast Asia, Yum China

☆ It's not getting any easier for fast-food chains
▼ + stars: | 2024-11-05 | by ( Mary Hanbury | Nora Redmond | ) www.businessinsider.com time to read: +2 min

Both KFC and Burger King saw sales fall in the US in Q3. On Tuesday, Burger King owner Restaurant Brands International and the parent company of KFC followed in its footsteps. AdvertisementMeanwhile, Restaurant Brands International, which owns chains including Burger King, Tim Hortons, and Popeyes, reported a weaker-than-expected 0.3% increase in same-store sales across the group for Q3. McDonald's, KFC, and Burger King are among those trying to lure back diners with new value menu deals. Some consumers say they're increasingly turning to independent restaurants, casual dining chains, or home cooking to get a better deal.

Persons: It's, —, McDonald's, Burger, Taco Bell, Burger King, Tim Hortons Organizations: KFC, Burger King, Service, Restaurant Brands, ! Brands, Taco, Burger, Taco Bell Locations: Popeyes

☆ Earnings playbook: Nearly 100 S&P 500 names are set to report, including three AI plays
▼ + stars: | 2024-11-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Artificial intelligence plays Palantir, Qualcomm and Super Micro Computer are among the 96 S & P 500 names on deck. Monday Palantir is set to report earnings after the bell, with a call scheduled for 5 p.m. This quarter: Earnings are expected to have soared more than 20% from the year-earlier period, per LSEG. Tuesday Super Micro Computer is set to report earnings after the close, followed by a call at 5 p.m. Qualcomm is set to report earnings after the close, with a call set for 4:45 p.m.

Persons: PLTR, SMCI, Ernst & Young, TD Cowen, Andrew Charles doesn't, Karen Lynch, David Joyner, Ross Seymore Organizations: Qualcomm, Apple, Microsoft, Meta, Investment, LSEG, Micro, Yum Brands, Brands, CVS, Revenue, VanEck Semiconductor, Deutsche Bank

The number of E. coli cases linked to McDonald’s Quarter Pounders has risen to 90, the Centers for Disease Control and Prevention said Wednesday, up from 75 reported cases last Friday. The slivered onions used on the burgers are the “likely source” of the outbreak, the CDC said. The true number of cases linked to the Quarter Pounders is likely much higher than the 90 reported so far. Thirteen states have reported cases: Colorado, Iowa, Kansas, Michigan, Missouri, Nebraska, New Mexico, Montana, Oregon, Utah, Washington, Wisconsin and Wyoming. According to McDonald’s, 900 restaurants across 12 states received the onions from Taylor Farms.

Persons: McDonald’s, —, Taylor, it's, It’ll, Taco, Burger Organizations: Centers for Disease Control, Prevention, CDC, Colorado Agriculture Department, NBC News, Drug Administration, FDA, Taco Bell, Burger King, KFC Locations: Grand Junction , Colorado, Colorado , Iowa , Kansas , Michigan , Missouri , Nebraska, New Mexico , Montana , Oregon , Utah, Washington , Wisconsin, Wyoming, Colorado, Washington, Farms

☆ Onions are likely source of E. coli outbreak linked to McDonald’s, federal agencies say; 15 additional cases reported
▼ + stars: | 2024-10-30 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +2 min

Additional cases associated with the outbreak have also been reported, bringing the total number of illnesses to 90 and hospitalizations to 27. “It is not necessary to avoid eating onions or other foods made with onions,” the CDC said. Diced onions used at McDonald’s have also not been linked to this outbreak, according to the FDA. Beef patties used on Quarter Pounders were also part of the investigation, which started on October 22. McDonald’s announced on Sunday that they would resume selling Quarter Pounders in all restaurants this week, but the 900 restaurants that had previously received slivered onions from Taylor Farms would not include onions on these sandwiches.

Persons: Burger, Taco, patties, Dr, Sanjay Gupta, McDonald’s Organizations: CNN, US Centers for Disease Control, Food and Drug Administration, CDC, Taylor, Taco Bell, KFC, FDA, Colorado Department of Agriculture, US Department of Agriculture’s, Inspection, CNN Health

No E. coli was detected in samples of beef patties used in McDonald's Quarter Pounders that have been linked to a deadly outbreak, a company spokesperson said Sunday, citing tests by the Colorado Agriculture Department. The department has no further plans to test the beef patties, the company spokesperson said, and the patties have been ruled out as the source of the outbreak. The most likely source of contamination was slivered onions from a single source, the company spokesperson said, citing the Food and Drug Administration. McDonald’s stopped sourcing slivered onions from that source — Taylor Farms Colorado Springs — indefinitely on Sunday, the company spokesperson said, days after it removed the Taylor Farms onions from its supply chain. The McDonald's spokesperson said the company is confident asking beef suppliers to provide a fresh supply of patties for distribution.

Persons: McDonald’s, Matt Wise, McDonald's, Taylor, Taco Bell Organizations: Colorado Agriculture Department, Food and Drug Administration, Farms, Centers for Disease Control, Prevention, CDC, NBC News, . Foods, Taco, ! Brands, KFC, FDA Locations: Colorado, Colorado , Kansas , Wyoming, Taylor Farms Colorado, Taylor Farms, Taco Bell's

At least 75 people have gotten sick after eating McDonald's Quarter Pounders linked to a deadly E. coli strain, the Centers for Disease Control and Prevention reported Friday. On Thursday, McDonald's confirmed that Taylor Farms, a California-based food producer, supplied the onions used on the contaminated Quarter Pounders. Taylor Farms on Wednesday issued a recall on four raw onion products because of "potential E. Coli contamination." It remains unclear whether Taylor Farms transported the slivered onions directly to McDonald's locations or if they arrived through a distributor. Taylor Farms has not responded to multiple requests for comment.

Persons: what's, haven't, McDonald's, Taylor, Taco, Burger, —, Ron Simon, Simon Organizations: Centers for Disease Control, CDC, Drug Administration, Taco Bell, Burger King, KFC, FDA, Taylor, Associates, NBC Locations: California, Colorado, Colorado , Kansas , Utah , Wyoming , Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma

☆ Burger King, Taco Bell, KFC and others pull onions after McDonald’s E. coli outbreak
▼ + stars: | 2024-10-25 | by ( Ariana Brockington | ) www.nbcnews.com time to read: +3 min

Burger King, Taco Bell, KFC and Pizza Hut have all pulled onions from a portion of their restaurants following reports of a “severe” E. coli outbreak linked to McDonald’s Quarter Pounders. The removal comes two days after the Centers for Disease Control and Prevention first announced in a food safety alert on its website that there was an E. coli outbreak across multiple states linked to McDonald’s Quarter Pounders. Brands spokesperson also confirmed onions were removed from some of its Taco Bell, Pizza Hut and KFC locations. “As we continue to monitor the recently reported E. coli outbreak, and out of an abundance of caution, we have proactively removed fresh onions from select Taco Bell, Pizza Hut and KFC restaurants,” the spokesperson said. The CDC has reported 49 cases and 10 hospitalizations due the McDonald's E. Coli outbreak.

Persons: Burger, Taco, “, Burger King, TODAY.com, McDonald’s “, Joe Erlinger, ” Organizations: Taco Bell, KFC, Centers for Disease Control, U.S . Foods, FDA, NBC, Burger King, Taylor Farms, Brands, Bell, CDC, McDonald’s Locations: Taylor Farms Colorado, Colorado , Kansas , Utah , Wyoming , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico , Oklahoma, Idaho, McDonald’s USA, McDonald’s

☆ E. coli cases linked to McDonald’s Quarter Pounders rises to 75, federal agencies say
▼ + stars: | 2024-10-25 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +3 min

Two of the hospitalized patients had hemolytic uremic syndrome, a serious complication that can develop from an E. coli infection. The CDC opened the investigation on Tuesday, initially reporting 49 cases in 10 states – including 10 hospitalizations and one death. It can take weeks to determine whether an illness is part of an outbreak and these numbers were expected to grow. “The FDA is using all available tools to confirm if onions are the source of this outbreak,” an agency spokesperson said in a statement. McDonald’s has taken Quarter Pounders off the menu in about a fifth of its stores.

Persons: ”, Dr, Sanjay Gupta, McDonald’s, Burger, Taco Organizations: CNN, US Centers for Disease Control, US Food and Drug Administration, CDC, Food and Drug Administration, FDA, CNN Health, Taylor, Foods, Farms, Taco Bell, KFC Locations: Colorado, Michigan, New Mexico, Washington, Iowa , Kansas , Missouri, Montana , Nebraska , Oregon , Utah , Wisconsin, Wyoming, – Colorado , Kansas , Utah, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma

A deadly E. coli outbreak linked to McDonald 's Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention said Friday, as it investigates the source of the spread. All of the 42 people who were interviewed by the CDC reported eating at McDonald's, while 39 people reported eating a beef hamburger, the agency said. Quarter Pounder hamburgers are a core menu item for McDonald's, raking in billions of dollars annually. As the CDC and other federal agencies trace cases and work to contain the outbreak, McDonald's has pulled Quarter Pounders from restaurants in the affected areas. Experts told CNBC that barring a more serious crisis, the damage to its brand may be minimal, as with an E. coli outbreak linked to Wendy's two years ago.

Persons: McDonald, McDonald's, Burger, Taco Bell, McDonald's spokespeople, Price Organizations: Centers for Disease Control, Prevention, CDC, Health, KFC, Taco, McDonald's, Wall Street, CNBC Locations: Colorado, McDonald's, Colorado , Kansas , Utah , Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma, California, McDonald's U.S

☆ The list of fast-food places pulling onions over E. coli concerns just keeps growing
▼ + stars: | 2024-10-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Fast-food chains are pulling onions from their restaurants due to E. coli risks. The outbreak linked to McDonald's involves 49 E. coli cases and one death in 10 states. AdvertisementA string of American fast-food chains and restaurants are pulling fresh onions from some of their locations because of E. Coli food poisoning risks. On Thursday, Burger King said that it gets some of its onions from Taylor Farms, a supplier to the McDonald's restaurants that have been linked to the E. Coli outbreak. In 2022, Wendy's restaurants were linked to an E. coli outbreak in six states.

Persons: Taco, —, Yum, Burger King, Burger, McDonald's Organizations: Taco Bell, KFC, Johnny Rockets, McDonald's, Service, Yum Brands, Bloomberg, Brands, Disease Control, Public, FDA Locations: Taylor, Colorado , Kansas , Utah, Wyoming

☆ Yum Brands pulls onions from select Taco Bell, KFC and Pizza Hut locations after McDonald's E. coli outbreak
▼ + stars: | 2024-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024. Yum Brands has pulled onions from some Taco Bell, KFC and Pizza Hut locations following an E. coli outbreak tied to McDonald's. "As we continue to monitor the recently reported E. coli outbreak, and out of an abundance of caution, we have proactively removed fresh onions from select Taco Bell, Pizza Hut and KFC restaurants," a Yum Brands spokesperson said in a statement to CNBC. U.S. Foods does not distribute onions for McDonald's restaurants, and the burger chain has not publicly named Taylor Farms as a supplier. In response to the outbreak, McDonald's has pulled Quarter Pounders from roughly a fifth of its U.S. restaurants.

Persons: Yum, Taylor, McDonald's, CNBC's Kate Rogers Organizations: Taco Bell, Yum Brands, KFC, CNBC, Foods, Taylor, ., Disease Control Locations: Richmond , California, Taco, Colorado , Nebraska, Wyoming

☆ McDonald’s E. coli outbreak investigation: What we know
▼ + stars: | 2024-10-23 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +9 min

CNN —An E. coli outbreak linked to McDonald’s Quarter Pounders has led to at least 49 illnesses across 10 states, including one death. Diced onions and other types of beef patties used at McDonald’s have not been implicated in this outbreak, the FDA said. E. coli infections can be seriousEscherichia coli, or E. coli, is a common bacteria, but certain types can make you sick. People with E. coli infections may have symptoms including severe stomach cramps, diarrhea, fever and vomiting. A few illnesses, including E. coli infections, are well above federal targets for reducing foodborne illness.

Persons: Sysco, Taylor, “, Burger, Joe Erlinger, Erlinger, ” McDonald’s, Dr, Sanjay Gupta, Listeria, Boar’s, BrucePac, Nadia Kounang, Carma Hassan, Brenda Goodman, Meg Tirrell Organizations: CNN, US Centers for Disease Control, Food and Drug Administration, CDC, FDA, Taylor Farms, Foods, Taco Bell, KFC, Brands, Burger King, Taylor, McDonald’s, USA, CNN Health Locations: – Colorado , Kansas , Utah, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma, Taylor Farms Colorado, Burger, ’ Colorado, Colorado and Nebraska, Iowa , Kansas , Missouri, Montana , Oregon , Utah , Wisconsin, McDonald’s

☆ Starbucks taps former Chipotle executive as global chief brand officer
▼ + stars: | 2024-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Starbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change under Brian Niccol after he left Chipotle and took over as CEO of the coffee chain last month. She has a proven track record of building strong brands, developing compelling products, creating great customer experiences, and leading breakthrough marketing," Niccol said in a statement on Friday. Niccol created a similar global chief brand officer role at Chipotle when he took over there in 2018. Most recently, she served as chief marketing officer for Yahoo. Starbucks' China business has been struggling, hurt by the country's sluggish economy and the proliferation of local coffee chains that can undercut its prices.

Persons: Tressie Lieberman, Brian Niccol, Chipotle, Niccol, Lieberman, Bell, Dawn Clark, Angele Robinson, Gaylord, Sara Trilling, Michael Conway, Niccol's, Laxman Narasimhan, Conway, Trilling, Molly Liu, Belinda Wong, Narasimhan Organizations: Starbucks, Yahoo, Yum Brands, North America Locations: U.S, North America, China

☆ Budget brands are winning in China as people turn to cheap food and fashion
▼ + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

Companies like Japan's Saizeriya, Yum China, and Fast Retailing have recently reported strong sales. There are similarities between Japan's "Lost Decade" of economic stagnation in the 1990s, after the country's asset and credit bubbles burst, and China's economic downturn now. The ethos has benefited companies with budget offerings, including Yum China, which operates KFC and Pizza Hut in the country. Intense competitionHowever, China's market is a fast and furious one — even for winners — and the country's economic downturn has created cut-throat competition with aggressive price wars. As China's economic malaise deepened, boba tea went from premium pricing around $3.50 to $5.50 on average to as little as $1 or less over the last few years.

Persons: —, Hideharu Matsutani, Matsutani, Saizeriya, MingYii Lai, Lai, Uniqlo, boba, Jason Yu, Kantar, BI's Matthew Low, Allison Malmsten Organizations: Retailing, Service, McKinsey, Tokyo Stock Exchange, Daxue Consulting, Shoppers, Yum, Fast Retailing, — Locations: China, Japan, Beijing, Greater China, Yum China

☆ Sorry fast food fans — your burger is only going to get more expensive
▼ + stars: | 2024-10-14 | by ( Nora Redmond | ) www.businessinsider.com time to read: +6 min

Beef prices in the US are rising due to a historic drought and herd liquidation. Fast food chains like McDonald's and Burger King have already raised prices due to inflation. AdvertisementInflation has not been kind to food prices — especially for eating out. AdvertisementThe USDA reported that this led to record retail beef prices, with an all-fresh value of $8.15 per pound for July. "The reality is over the next couple of years, beef prices are going to continue to go higher," Zimmerman said.

Persons: Burger King, —, Chris Kempczinski, Burger, Lance Zimmerman, Rabo AgriFinance, McDonald's, Erin McDowell, Zimmerman, Taco Bell, Jay Bandy, Bandy, Dudler Organizations: Service, Starbucks, McDonald's, KFC, Brands, Department of Agriculture, Goliath Consulting, Accenture Locations: Olive, Taco, Georgia

☆ Pizza Hut will print job seekers' resumes on pizza boxes and deliver to employers in 'the toughest job market'
▼ + stars: | 2024-09-17 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

Your next Pizza Hut delivery may come with a side order of employment. "Who could possibly ignore a resume when it is delivered as a delicious pizza?" Pizza Hut will then review the submissions and select 25 winners whose resumes will "be hand delivered via custom Pizza Hut ResZAme pizza box to their desired employers." If selected, applicants will be responsible for getting permission from their chosen company to deliver the pizza box resume. While Pizza Hut can't guarantee that the hot and cheesy resume will work, pizza has in the past been shown to be an attention grabber.

Persons: Pizza, Melissa Friebe, Friebe, Matthew Parkhurst, Parkhurst, There's Organizations: CNBC Locations: New York City, Pizza, New York, San Francisco and New York

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

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

☆ It's no wonder Taco Bell is winning the fast-food wars. Just look at how they treat their biggest fans.
▼ + stars: | 2024-09-02 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +15 min

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

☆ How Taco Bell stays cheap
▼ + stars: | 2024-08-14 | by ( Paige Bruton | ) www.businessinsider.com time to read: +1 min

Taco Bell is outperforming its rivals in the fast food industry. The company says it has doubled down on value meals, and it's paying off. Go to newsletter preferences Thanks for signing up! AdvertisementFast food prices have soared in recent years, and while Taco Bell hasn't been immune to these, it's still considered one of the cheaper options. And the company says its focus on value meals has helped to boost sales.

Persons: Taco, —, Taco Bell, it's Organizations: Taco Bell, Service, KFC, Business

Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol as the coffee chain tries to reverse a sales slump. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Mucinex. Narasimhan's surprise ouster also suggests that Starbucks' board isn't interested in a deal with activist investors. When news of Elliott's stake in Starbucks first broke in July, the hedge fund offered Starbucks' board a settlement that would protect Narasimhan's job, CNBC previously reported. Starbucks' board did not initially respond or engage with Elliott for some time, driven in part by the lingering influence of Schultz.

Persons: Laxman Narasimhan, Brian Niccol, Rachel Ruggeri, Niccol, Narasimhan, Howard Schultz, Elliott, Chipotle, Mellody Hobson, shakeup, Brian, Hobson, he's, Bell, Narasimhan's, Schultz, Scott Boatwright, Jack Hartung Organizations: Starbucks, Elliott Management, Yum Brands, Bell, CNBC Locations: U.S, China, Chipotle, Pizza

☆ From Walz, a Rosier View of a Midwestern Upbringing
▼ + stars: | 2024-08-09 | by ( Dionne Searcey | ) www.nytimes.com time to read: +1 min

In the western Nebraska town where Tim Walz came of age, teenagers gathered at the Frosty Drive-In after football practice and spent summers working on farms. The tree-lined streets of JD Vance’s hometown in Ohio surrounded a hulking steel mill that endured layoff after layoff. By his own telling, it was a community “hemorrhaging jobs and hope.”The rural Midwestern back stories presented by the two major-party vice-presidential candidates are strikingly different. Another is a glowing portrait of rural America offered by Mr. Walz, the Democratic governor of Minnesota who is Vice President Kamala Harris’s new running mate. The rival campaigns are using these opposing depictions of rural life to make very different appeals to voters.

Persons: Tim Walz, JD Vance’s, JD Vance, Ohio, . Walz, Kamala Harris’s Organizations: JD, Republican, Democratic Locations: Nebraska, Ohio, America, Minnesota

☆ Taco Bell is giving customers exactly what they want right now: cheap fast food
▼ + stars: | 2024-08-07 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Taco Bell is one of the rare bright spots in the fast food industry right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaco Bell has been going all in on value, and it's paying off. Taco Bell has been winning over customers with value meals as fast food prices have soared in recent years, putting some diners off.

Persons: Taco Bell, — Organizations: Brands, Service, Yum ! Brands, KFC, Business

☆ Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts' estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Palantir now anticipates revenue between $2.742 billion and $2.750 billion, up from its previous guidance of $2.68 billion to $2.69 billion. Caterpillar's adjusted earnings totaled $5.99 per share in the second quarter, beating the $5.55 per share estimate from analysts polled by FactSet. CrowdStrike — Shares rose 3% after Piper Sandler upgraded CrowdStrike to overweight from neutral, saying the dip in the cybersecurity stock following the global tech outage is a buying opportunity.

Persons: Johnson, FactSet, Taco Bell, ZoomInfo, LSEG, Lucid, BioMarin, CrowdStrike, Piper Sandler, —, Sarah Min, Sean Conlon, Yun Li, Jesse Pound Organizations: Johnson, FactSet, Revenue, Caterpillar, Lumen Technologies, Molson Coors Beverage —, Technologies, LSEG, Taco, CSX —, CSX, BioMarin Pharmaceutical Locations: China, Shanghai

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