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☆ 'It's largely going to be the center' that carries debt ceiling deal, says Cowen’s Chris Krueger
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's largely going to be the center' that carries debt ceiling deal, says Cowen’s Chris KruegerChris Krueger, TD Cowen Washington Research Group strategist, joins 'Squawk Box' to discuss the latest in debt ceiling negotiations, and whether a deal can be reached before the U.S. defaults on its debt.

☆ Here’s what’s getting cheaper at the grocery store
▼ + stars: | 2023-05-10 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

Those menu prices went up by 0.6%. Shoppers started seeing relief in the grocery store in March, when grocery prices fell for the first time since September 2020. In the year through April, food prices went up by 7.7%, with grocery prices jumping 7.1% and menu prices increasing 8.6%. Ham got 6.5% more expensive, poultry prices rose 5%, and fish and seafood rose 2%. Prices in AprilEven though prices food prices overall have been high this year, April was an easier month for shoppers.

☆ Streaming broke the career ladder, striking Hollywood writers say
▼ + stars: | 2023-05-08 | by ( Lisa Richwine | ) www.reuters.com time to read: +4 min

How to train and support a new generation of writers is a sticking point in contract negotiations between the WGA, which represents 11,500 film and TV writers, and Hollywood's major studios. Netflix Inc (NFLX.O) and other streaming services began crafting shorter series in "mini rooms" with fewer writers. The WGA, however, is seeking a requirement for at least six TV writers per series, with half of them being employed throughout the production. Now, half of all writers work at minimum salary levels, the WGA said. "I want to be part of fighting for a better future," Smith said while holding a "Writers Guild of America On Strike" sign.

☆ Byron Allen sues McDonald's for allegedly lying about commitment to Black media
▼ + stars: | 2023-05-08 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

[1/2] Byron Allen, Founder, Chairman and CEO of Entertainment Studios and Allen Media Group, speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S., October 19, 2021. REUTERS/David SwansonMay 8 (Reuters) - The media entrepreneur Byron Allen has filed a second lawsuit against McDonald's Corp (MCD.N) over the fast-food chain's alleged refusal to advertise with Black-owned media. Allen said he would know if McDonald's were honoring that pledge because his Allen Media Group represents more than 90% of Black-owned media. The case are: Weather Group LLC et al v. McDonald's USA LLC, California Superior Court, Los Angeles County, No. 23STCV10045; and Entertainment Studios Networks Inc et al v McDonald's Corp, U.S. District Court, Central District of California, No.

☆ Arsenal win 2-0 at Newcastle to stay in title hunt
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +3 min

NEWCASTLE, England, May 7 (Reuters) - Arsenal showed no sign of raising the white flag in the Premier League title race with a 2-0 victory at Newcastle United on Sunday to close the gap on leaders Manchester City to one point. Newcastle stay third on 65 but Manchester United could overtake them later on Sunday if they win at West Ham United and Liverpool will sense some anxiety as they continue to chase. They also had the bitter memory of a 2-0 defeat at Newcastle a year ago that scuppered their top-four hopes. But this Arsenal side, despite the recent wobbles that have cost them top spot, are made of much sterner stuff. Pope came to Newcastle's rescue again in stoppage time at the end of a frenetic first half, keeping out Odegaard's shot with his legs after the Norwegian looked favourite to score.

☆ Diane Keaton Likes a Messy Comedy
▼ + stars: | 2023-05-06 | by ( Chris Kornelis | ) www.nytimes.com time to read: +1 min

“I did what I could, you know, sort of.”The 77-year-old Oscar-winning actress talked about Goodwill fashion, Miley Cyrus and tortillas. My mom and I would go around to the Goodwill and we would buy old clothes — an old skirt, a blouse — and she would make it into a better version of that. 3The BeachMy father loved the ocean. For almost a year, I’ve been trying to buy a beach house. It’s not like it’d be a grand beach house, but everybody’s holding on to their homes.

☆ McDonald's CEO Chris Kempczinski 'needs to be fired', says Allen Media Group CEO Byron Allen
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's CEO Chris Kempczinski 'needs to be fired', says Allen Media Group CEO Byron AllenByron Allen, Allen Media Group CEO and chairman, joins 'Last Call' to discuss its recent attempt to buy TEGNA, the future of local news, his open letter to Carl Icahn, and much more.

☆ Jim Gaffigan Values Fear, Longs for Naps and Dreams of Deep-Dish
▼ + stars: | 2023-04-28 | by ( Chris Kornelis | ) www.nytimes.com time to read: +2 min

I remember hearing about Ronald Reagan napping, and it was presented as not a thing of weakness, but almost like a retirement thing. 5Deep-Dish PizzaI have a long-distance love affair with Chicago deep-dish pizza. What’s confusing about Chicago deep-dish pizza is that there’s way too much of it. What’s amazing about this pen is that they work great, then they eventually explode in your hand. If you’ve printed out something and you put black notes on, you’re going to miss those.

☆ There's been 'an aggression' from FTC on large mergers, says fmr. FB general counsel Chris Kelly
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's been 'an aggression' from FTC on large mergers, says fmr. FB general counsel Chris KellyChris Kelly, Kelly Investments founder and Facebook’s former chief privacy officer and general counsel, joins 'Squawk Box' to discuss the fallout from the Microsoft-Activision blocked merger, what it means for the FTC and dealmaking in the U.S., and more.

☆ Would You Like a Cookie With That Murder? The Art of the Cozy Mystery Novel
▼ + stars: | 2023-04-26 | by ( Chris Kornelis | ) www.wsj.com time to read: 1 min

Joanne Fluke used to write psychological thrillers that scared her so badly, her late husband would make her hot chocolate to help her get back to sleep. After about 10 books (and many more hot chocolates), he asked: “Couldn’t you write about something else?”Ms. Fluke’s editor suggested she try a cozy mystery. She’d never heard of the genre, but said she went to work creating a character she could spend some time with.

Besides YouTube's 2.6% first quarter ad revenue decline, Google is facing multiple challenges to its advertising business. While Google's search revenue was up about 2%, Microsoft is in the early stages of a big play to go after it. Matthew Bailey, principal analyst at research firm Omdia anticipates Google will post digital ad revenue growth at around 5% in 2023 and in 2024. Google's monolithic search ads business is starting to see real competitionMost of Google's ad revenue is driven by its ubiquitous search engine. But Amazon, which has a $31 billion ad business, and Walmart, which has a $2.7 billion ad business, grab roughly 80% of retail ad spend.

☆ McDonald's says people are cutting back on ordering fries with their burgers as consumers tighten their budgets
▼ + stars: | 2023-04-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Fewer McDonald's customers are ordering fries with their burgers. The growth in the number of customers ordering delivery is also slowing down, execs said Tuesday. McDonald's is still a "beneficiary" of the slowing economy as people switch to the chain to save money, its CFO said. "We are seeing a slight decrease in units per transaction," CEO Chris Kempczinski told investors. McDonald's told investors last summer that some diners, "particularly lower-income customers," have been trading down to value offerings and ordering fewer combo meals.

☆ Matip header keeps Liverpool in European hunt after 2-1 win over West Ham
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +3 min

LONDON, April 26 (Reuters) - A bullet header from Joel Matip gave Liverpool a 2-1 Premier League win over West Ham United that moved them above Tottenham Hotspur and back into the European places after a frenetic end-to-end game at the London Stadium on Wednesday. After having a shot blocked a minute earlier, Matip got the winner in the 67th minute when he powered home a close-range header from Andy Robertson's corner. "When a player lunges in the box, it's different from a slip, it's different from trying to break your fall. When you lunge in the box, your arms out, it was a penalty kick," he told BT Sport. The loss brought an end to a run that saw West Ham take seven points from three games and dropped them one spot to 14th, five points ahead of Leicester City in 18th place.

☆ McDonald's earnings beat estimates as U.S. traffic grows despite price hikes
▼ + stars: | 2023-04-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

All three of its divisions reported same-store sales growth of 12.6%. In its home market, higher menu prices and increased traffic fueled same-store sales growth, which topped StreetAccount estimates of 7.9%. McDonald's U.S. traffic rose for the third consecutive quarter, bucking the industry trend of slipping traffic as menu prices rise. Its international operated markets, which include the United Kingdom, France, Germany and Australia, beat StreetAccount estimates of 8.5% same-store sales growth. Its international developmental licensed markets segment, which includes China and Japan, topped same-store sales expectations of 10.5%.

☆ McDonald's diners are pushing back against price increases in some markets, CEO says
▼ + stars: | 2023-04-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

McDonald's customers are pushing back against higher prices in some markets and adding fewer menu items to their orders, CEO Chris Kempczinski said Tuesday. Kempczinski's comments come as consumer companies report mixed reactions to higher prices during the first quarter. For example, Coca-Cola saw a muted reaction to demand as it kept raising prices on its drinks. Additionally, McDonald's topped Wall Street's estimates for its first-quarter earnings and revenue, helped both by its higher prices and increased demand. Watch the full interview with McDonald's CEO Chris Kempczinski on CNBC Pro:

☆ Tucker Carlson has now parted ways with 3 major cable news networks
▼ + stars: | 2023-04-25 | by ( Chris Kaye | ) www.businessinsider.com time to read: +5 min

Tucker Carlson has parted ways with Fox News, the media network announced Monday. Tucker Carlson is out at Fox News and no definitive reason has been given by him or his former employer. "FOX News Media and Tucker Carlson have agreed to part ways," the network said in a Monday statement. The New York Times reported on Monday that Grossberg's legal team would depose Carlson "in the very near term." "I'm not defending it as the smartest choice, but I think it's the most interesting," Carlson told the Washington Post at the time.

Google's monolithic search ads business is starting to see real competitionMost of Google's ad revenue is driven by its ubiquitous search engine. But neither pose the threat to Google's search dominance that ChatGPT-powered Bing does today, according to an agency source. But ChatGPT-Bing has a bigger opportunity to grab budgets earmarked for Google search because it will change the entire way consumers search for information. But Amazon, which has a $31 billion ad business, and Walmart, which has a $2.7 billion ad business, grab roughly 80% of retail ad spend. Morgan Stanley recently estimated that adtech firms are poised to win $26 billion out of a $130 billion retail media market by 2025.

☆ NHL roundup: Golden Knights defeat Jets in 2OT
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +4 min

It was his first career playoff goal. Laurent Brossoit finished with 30 saves for the Golden Knights, who won their 22nd straight playoff game when scoring at least three goals in a game despite blowing a 4-1 lead in the third period. Kyle Connor had a goal and one assist, and Nino Niederreiter, Mark Scheifele and Adam Lowry each scored during the third-period comeback for Winnipeg. The Jets lost All-Star defenseman Josh Morrissey to a lower-body injury after two shifts in the first period following a knee-to-knee collision with Zach Whitecloud. Jaden Schwartz scored twice for Seattle, while Jamie Oleksiak and Matty Beniers also tallied in the franchise's first-ever home playoff game.

☆ NHL roundup: Avs erase 2-goal deficit, edge Kraken
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

Alexandar Georgiev turned away 27 shots for the Avalanche, who overcame a two-goal deficit and evened the Western Conference series at 1-1. Justin Schultz and Brandon Tanev scored for the Kraken, Yanni Gourde assisted on both goals and Philipp Grubauer made 38 saves. Chandler Stephenson and William Karlsson each finished with a goal and assist and Jack Eichel scored his first career playoff goal for Vegas, which evened the best-of-seven series 1-1. Mitchell Marner added two goals and an assist for the Maple Leafs, who evened the best-of-seven series at one win apiece. William Nylander contributed a goal and an assist and Zach Aston-Reese scored a goal for Toronto.

CNN —Robert F. Kennedy Jr., the anti-vaccine activist and environmental lawyer, described himself as a truth-teller who will “end the division” as he launched his bid for the 2024 Democratic presidential nomination on Wednesday in Boston. Some Kennedy family members have denounced his views on vaccines. Kennedy lives in Los Angeles, but he chose Boston as a nod to his family’s deep political roots in the city, even though his father, Robert F. Kennedy, declared his presidential ambitions in the Senate Caucus Room on Capitol Hill in 1968, the same place his uncle, John F. Kennedy, launched his presidential campaign in 1960. “I’m a lifelong Democrat, but I will not be voting for Robert Kennedy Jr. because I cannot stomach the anti-vaccine thing,” said Tyson Humble of Portland, Oregon, who was visiting the John F. Kennedy Presidential Library and Museum. Caroline Kennedy, the daughter of former President Kennedy, is currently the US ambassador to Australia.

☆ McDonald's is going after one of Starbucks' crown jewels and testing cold brew
▼ + stars: | 2023-04-19 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

McDonald's is testing new cold brew options in select Southern California restaurants. The fast-food chain is testing two cold brew options at some Southern California locations, Restaurant Business reported. McDonald's is piloting traditional cold brew, served black over ice, as well as a marble cold brew, which contains syrup and cream. More recently, the chain has added four new McCafé menu options in Australia, including a banana and blueberry loaf, according to the Daily Mail. McDonald's reported 12% global comparable-store sales growth in the fourth quarter, compared with 5% growth for Starbucks.

☆ NHL roundup: Lightning rout Leafs in Game 1
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: John E. Sokolowski-USA TODAY SportsApril 19 - Brayden Point scored twice and the visiting Tampa Bay Lightning defeated the Toronto Maple Leafs 7-3 Tuesday night in the opener of their best-of-seven, Eastern Conference first-round playoff series. Tampa Bay scored the game's first three goals, then scored four straight in the second and third periods to put the game away. Lightning defenseman Victor Hedman left the game in the second period with an injury and did not return. Fox matched his career high for points in a playoff game. Morgan Geekie and Eeli Tolvanen also scored goals for the Kraken, who won their inaugural playoff game against the reigning Stanley Cup champions.

April 18 (Reuters) - Goldman Sachs Group Inc's (GS.N) profit fell 19% as dealmaking and bond trading slumped in the first quarter and it lost money on the sale of some assets in its consumer business. Goldman booked a $470 million loss on the sale of some loans from Marcus, dragging down first quarter results. The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. But deposits held in the Marcus business remain core to Goldman and are not under review, a source familiar with the matter had told Reuters earlier this year. Goldman's lackluster trading results contrast with those of Bank of America Corp (BAC.N), which also reported earnings on Tuesday.

☆ McDonald's is making 4 key changes to its burgers — here's what to expect
▼ + stars: | 2023-04-17 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

McDonald's is making four tweaks to its signature Big Mac sandwich and cheeseburgers. Additions include caramelized onions, softer buns, melted cheese, and more Big Mac sauce. McDonald's last month also decided to rebrand its crispy chicken sandwich to the McCrispy. Big Macs will also come with more Big Mac sauce, the company said in a press release. The decision to tinker with its burgers follows McDonald's rebranding its crispy chicken sandwich to the McCrispy last month.

☆ McDonald’s is upgrading its burgers
▼ + stars: | 2023-04-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —McDonald’s, which has been focusing on upgrading its core items to boost sales, is rolling out a series of changes designed to improve its signature burgers. The Big Mac will come with more Big Mac sauce. “In an environment where our customers are looking for the simple and familiar, our core menu items have never been more relevant,” he said. McDonald's USAFocusing on promoting its core menu items, rather than introducing new products, is a way to keep processes simpler and reduce friction in the kitchen. “Throughout 2022, some of our most successful campaign platforms brought our customers closer to the core menu items,” Kempczinski said during the January call.

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