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☆ 'Pronatalist' parents are under fire after the dad publicly slapped his toddler — and they think the criticism is racist
▼ + stars: | 2024-05-27 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

And I think if somebody doesn't fix the problem, we could be gone," Malcolm Collins previously told BI in 2022. Malcolm Collins resumed his conversation with the stunned reporter after telling his child: "I love you but you gotta be nice in restaurants. Related storiesSoon afterward, the episode went viral on X — the platform owned by Elon Musk, whom Malcolm Collins was incidentally gushing over moments before striking his toddler. This is all to say that yes, 100%, Torsten was pushing boundaries and not acting unintentionally," Simone Collins wrote. AdvertisementOver the phone, Malcolm Collins told Business Insider that he "bopped" his son on the nose to jar him, not to hurt him.

Persons: Malcolm, Simone Collins, Malcolm Collins, Jenny Kleeman, Elon Musk, Christ, Torsten Savage, Torsten Organizations: Service, Business, Guardian, Elon, CNN Locations: Pennsylvania

☆ My family’s from the Greek island of longevity, where people often live to 100—here's 1 unexpected food we always eat
▼ + stars: | 2024-05-26 | by ( Diane Kochilas | ) www.cnbc.com time to read: +5 min

To me, one unexpected food is at the top of the list of traditional ingredients: honey. On Ikaria, it's considered one of the island's secret ingredients for longevity, and many Ikarians start their day with a spoonful. When I'm in the States, I shop for Greek honey either in local Greek and Middle Eastern food stores or online. I stir it into herbal, green and black teas and use it a lot in smoothies with Greek yogurt. Sometimes I mix a spoonful of Greek honey into a little sparkling water and add some mint or citrus slices for a refreshing homemade soda.

Persons: —, Honey, it's, It's, Diane Kochilas, butters, dill Locations: Greece, Dijon, Crete, marinades

☆ Millennials and Gen Zers want human connection, so they're choosing travel tours with strangers to cure their loneliness
▼ + stars: | 2024-05-26 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

The average Intrepid Travel group has 10 people. AdvertisementIt also allows people to form new bonds in a tight-knit setting, which young travelers crave, after the COVID-19 pandemic. The average Intrepid Travel group has 10 people. jacoblund/Getty ImagesBerna said Intrepid Travel began receiving requests from people in their 30s looking for adventures off the beaten path. Intrepid Travel said they saw 172% increase globally in bookings to South Korea from 2022 to 2023.

Persons: —, Gen Zers, it's, Stephen Simpson, Matt Berna, Intrepid, Berna, crave, Gen, Brian Chesky, They've Organizations: Service, Business, Intrepid, Intrepid Travel, Travel, Japan Locations: Morocco, Sri Lanka, Americas, millennials, Paris, Vietnam, peddle, America, Peru, South Korea, Korea

☆ Americans are expected to splurge on travel this summer — again
▼ + stars: | 2024-05-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities. “We haven’t seen Memorial Day weekend travel numbers like these in almost 20 years,” Paula Twidale, senior vice president at AAA Travel, said in a release. Spending this summer will likely be a little softer than last year’s, they said, but still strong. The bank’s consumer travel survey showed that 72% of people said they’re planning to travel, with 36% saying they’ve already planned their trip. Even among respondents making less than $75,000 a year, more than 60% said they’re planning to travel this summer.

Persons: ” Paula Twidale, Royal Caribbean’s, ” David Tinsley, they’ve, Joelle, aren’t, Dogecoin, Shiba Inu “, Atsuko Sato, ”, Sato, ” Kabosu, Kabosu, Shiba, Loretta Mester, Neel Kashkari, Lisa Cook, Robin, John Williams, Raphael Bostic, Lorie Logan Organizations: CNN Business, Bell, Washington CNN —, Transportation Security Administration, AAA, AAA Travel, Bank of America Institute, Bank of America, Japan, Europe, New York Fed, Public Policy Research, Mizuho Financial, Federal, Global, Index, Board, HP, Dick’s Sporting Goods, Abercrombie, Fitch, Eagle Outfitters, Costco, Dell, Dollar, Hormel, US Commerce Department, US Labor Department, National Association of Realtors, China’s National Bureau of Statistics, Atlanta Fed Locations: Washington, Caribbean, South Korea, Switzerland, Colombia, Costa Rica, Canada, Mexico, Domestically , California, Florida, California, “, Sakura, CAVA, Chewy, Burlington, Birkenstock, Nordstrom, Kohl’s

☆ How a global seafood giant broke Red Lobster
▼ + stars: | 2024-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +15 min

Former Red Lobster employees say that while the pandemic, inflation and rent costs impacted Red Lobster, Thai Union’s ineptitude was the pivotal factor in Red Lobster’s decline. Kenny criticized Red Lobster employees at meetings and made derogatory comments about them, according to former Red Lobster leaders who worked closely with Kenny. Red Lobster’s annual customer count has dropped by 30% since 2019, Red Lobster said in its bankruptcy filing. Red Lobster employees say they were pressured by Thai Union representatives to buy more seafood from Thai Union. Thai Union representatives also began sitting in on meetings between Red Lobster and seafood suppliers, said one of the former Red Lobster employees who witnessed these conversations.

Persons: “, Ludovic Garnier, Jorge Silva, Red Lobster’s, ”, Les Foreman, Red, Thiraphong Chansiri, Angel, Feng shui, Chansiri, Amanda Mustard, Paul Kenny, Kenny, ’, Kenny’s, Bill Darden, General Mills, Darden, Kelli Valade, Valade, Trin, Tapanya, Kevin Lamarque, Barry Fulghum, Lobster, Leah Millis Organizations: New, New York CNN, Thai Union Group, Red, Lobster, Thai Union, CNN, Red Lobster, John West Foods, longtime, Reuters, Thai, West Coast, Lobster’s, Bloomberg, Getty, Minor, Thai Union —, Union, Darden, Gate, Golden, Capital, Facebook, Thai Union . Thai Union, ” Thai Union Locations: New York, Thai, Thailand, Thai Union, United States, Orlando, Australian, Dallas, America, United, Texas, Spring , Maryland

☆ The 'Oracle of Wall Street' shares a secret sign of economic strength 'hiding in plain sight': Young Americans are outspending cash-poor baby boomers
▼ + stars: | 2024-05-25 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Younger Americans are finally outspending baby boomers, former Wall Street bank analyst Meredith Whitney recently noted. That's an encouraging sign for the US economy, which most economists believe is healthy, though some bearish prognosticators have serious doubts. There are several possible explanations for these findings and numerous takeaways from them, the "Oracle of Wall Street" said. However, young Americans' spending power shouldn't be discounted, as Whitney suggested that they command relatively high salaries since they attend college at higher rates. A continued economic expansion would be especially crucial for Gen Zers and millennials, who are entering the workforce or establishing their careers.

Persons: —, Meredith Whitney, That's, Whitney, Zers, relaunching, boomers, it's, Gen Zers Organizations: Service, Business, Meredith Whitney Advisory Group, Target, Starbucks, BI, Walmart, American, American Express Locations: Street

Kyiv CNN —The air at the Ukrainian military recruitment office where a 30-year-old hairdresser is being interviewed is filled with anxiety. “The time has come,” he told CNN. “The desire to fight the enemy is very important, in addition to training, equipment and preparedness,” he told CNN. If shelling starts on the frontline, I think I will be confused and will only create problems for others,” he told CNN. Andrii Demchenko, the spokesperson for the Border Guard Service of Ukraine, told CNN his officers detain people trying to cross out of Ukraine on daily basis.

Persons: –, ”, baring, Yurii Sodol, Yaroslav Galas, Daria Tarasova, Volodymyr Zelensky’s, Ukrainian Armed Forces Oleksandr Syrskyi, Dmytro Kulibaba, Galas, “, Diego Herrera Carcedo, I’m, Ukraine doesn’t, ‘, ’, ” Galas, Andrii Demchenko Organizations: CNN, Da Vinci, Joint Forces, 128th Mountain Assault Brigade, People, Ukrainian Armed Forces, 114th Territorial Defense Brigade, Armed Forces, Getty, Border Guard Service of, Border Service Locations: Kyiv, Ukraine, Russian, Russia, Ukrainian, Avdiivka, Kreminna, Anadolu, Robotyno, Belarus, Donetsk Oblast, Europe, Border Guard Service of Ukraine, Romania, Hungary

Over a week ago, Taquería El Califa de León was simply one of Mexico City’s nearly 11,000 registered taco shops, though there are undoubtedly many more that aren’t. But it was mostly a locally known taco stand. That day, the Michelin Guide, the world’s most widely recognized arbiter of fine dining, released its first Mexican edition. Of the 18 establishments in Mexico awarded at least one Michelin star, many of them fancy restaurants, El Califa de León was the only street-food stand. (Outdoor food stands in other parts of the world have been awarded Michelin stars.)

Persons: Taquería El, León Organizations: taco, Michelin Locations: Mexico, El

The information for the following product(s) has been collected independently by Business Insider: Wyndham Rewards® Earner Plus Card, Wyndham Rewards® Earner Card, Wyndham Rewards® Earner Business Card, Capital One Spark Miles for Business†, Capital One Spark Miles Select for Business†. Introduction to Wyndham RewardsWhile it's often overshadowed by bigger and flashier hotel loyalty programs, Wyndham Rewards deserves some attention, too. How to join Wyndham Rewards and start earning points and elite statusTravelers can enroll in Wyndham Rewards for free, and automatically receive free Wi-Fi during stays. Earning Wyndham pointsThere are myriad ways to accumulate Wyndham points, beginning with the most obvious option: Hotel stays through Wyndham. Wyndham Rewards frequently asked questionsHow can I earn Wyndham Rewards points without staying at a hotel?

Persons: Wyndham, Howard Johnson, gofree Wyndham, Cardholders, cardholders, Wyndham Timeshare, you'll, it's, Wyndham Rewards, redemptions, Maui Oceanfront, Redemptions, Eric Rosen Eric Rosen, Condé Organizations: Business, Wyndham Rewards, Wyndham, Business †, Vacasa, Read, Wyndham Grand, Ramada, Marriott Bonvoy, Hilton, Diamond, Base, Caesars Entertainment, Walmart, Target, Avis, Caesars, Staples, Lowes, Apple, Marathon Gas, Wyndham Hotels, Club Wyndham, Caesars Rewards, Costco, National Parks Conservation Association, National Geographic, Bloomberg Locations: AmericInn, La, Travelodge, North America, Belize, Costa Rica, Wyndham, Paris, Las Vegas, Macy's, Grubhub, Waikiki, Oahu, Kona, Hai Villas, Kauai, Chevron, Los Angeles, Australia, Kenya, Laos

☆ Stocks making the biggest moves midday: Workday, Lucid, Toast, Deckers and more
▼ + stars: | 2024-05-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Ross Stores posted earnings of $1.46 per share on $4.86 billion in revenue. Revenue came out at $2.77 billion, slightly higher than analysts' forecast of $2.72 billion. Intuit forecast adjusted earnings of $1.80 per share to $1.85 per share, while analysts polled by FactSet expected $1.92 per share. Toast — Shares of the financial tech company, which specializes in point-of-sale products for restaurants, gained nearly 1%. Workday forecast subscription revenue of $1.895 billion, while the consensus forecast called for $1.9 billion, per StreetAccount.

Persons: Booz Allen Hamilton, Booz Allen, Robinhood, FactSet, Moshe Katri, Katri, LSEG, —, Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: Ross Stores, Ross, LSEG, Revenue, U.S . Securities, Exchange Commission, Intuit —, Intuit, Food and Drug Administration

☆ How the super rich party at the Monaco Grand Prix
▼ + stars: | 2024-05-24 | by ( Susan Griffin | ) edition.cnn.com time to read: +8 min

British driver Lewis Hamilton of Mercedes looks walks the drivers parade before the Formula 1 Grand Prix at the Circuit de Monaco on May 28, 2023. Here, designer stores, supercars, multi-million-dollar yachts and astronomically priced restaurants are ‘la norme’, but during the three-day Grand Prix, the eye-watering ostentation increases three-fold. Amber Lounge might be one of the most exclusive and expensive events taking place during the Monaco Grand Prix weekend, but Monte Carlo itself is a veritable party hub. “As a former resident, I can tell you there are two sides to the F1 Grand Prix arriving in Monaco. Fans watch the action during qualifying at the F1 Monaco Grand Prix.

Persons: ”, Tom Holland, Lewis Hamilton, Mercedes, Dan Mullan, revel, Cipriani, Sass Café, Max Verstappen, Justin Bieber, Kim Kardashian, Kylie Minogue, Prince Albert of Monaco, Eddie Irvine’s, Sonia, Amber, Lauren Green, Joash Lee, partygoers, Jax Jones, Monte, Bruce Bundrant, ” Bundrant, Ryan Pierse, Green, “ Organizations: CNN, Monaco, Prix, Circuit, Getty, Business Development, AS Monaco FC, “ Locations: Monte Carlo, British, Fairmont, Hôtel Hermitage, Hôtel, Paris, Le Meridien, Monaco, Singapore, Las Vegas, Abu Dhabi

☆ How private equity rolled Red Lobster
▼ + stars: | 2024-05-24 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +9 min

In this photo illustration, a cooked lobster is displayed on a plate at a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Under the terms of the sale, Red Lobster would also see regular rent increases of 2% a year, the release noted. "All of the people who were supplying Red Lobster, all of the people who are essentially providing services to Red Lobster, the small businesses in the communities affected by mass layoffs, they are next in line, they are experiencing the ripple effect." Sen. Edward Markey, a Democrat from Massachusetts, where eight hospitals operated by bankrupt Steward Health Care are, recently held hearings on private equity and health care. Private equity is emerging in all parts of our economy, Markey added, but its most profound impact is in health care.

Persons: didn't, Josh Olshansky, leaseback, Red, Moody's, Andrew Park, Oscar, Robert Reich, Bill Clinton, America's, Reich, Austin Hurst, Hurst, Sen, Edward Markey, Markey Organizations: Sears, Mervyn's, Steward, Manor Care, Companies, Golden, American Realty Capital Partners, Realty, Lobster, Financial Reform, Thai Union Group, Thai Union, Steward Health, Department of Health, Human Services Locations: Austin , Texas, Canada, San Francisco, Golden, Bangkok, Thai, Arizona, Massachusetts

☆ I ordered the same meal from Hooters and Buffalo Wild Wings, and I loved the winner's boneless wings more than its traditional ones
▼ + stars: | 2024-05-23 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

Although there were things I enjoyed about both chain restaurants, if I had to repeat the meal over, I'd go to Hooters. Terri PetersThere were things I enjoyed about both Hooters and Buffalo Wild Wings but, if I had to order the same meal again, I'd return to Hooters with one slight change: I'd order the naked wings instead of the breaded ones. Overall, my pick for the best hot wings at Hooters would be naked wings with 3 Mile Island sauce all the way. Still, there were places Buffalo Wild Wings fell flat — it was hard to ignore those disappointing mozzarella sticks. I'd return to both restaurants, though.

Persons: I'd, Terri Peters Organizations: Hooters, Buffalo Wild Wings

☆ I cold-emailed Mark Cuban and a Meta exec, and they both responded. Here's how I worded it.
▼ + stars: | 2024-05-23 | by ( Andrew Yeung | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Share genuine gratitudeIt doesn't hurt to include genuine appreciation and praise for the person you're contacting. Do research on the person you're reaching out to. If you have a strong mutual relationship, ask for an in-person meeting. Set aside 20 minutes a week to intentionally expand your network, and you'll find yourself attracting more opportunities, relationships, and wealth.

Persons: —, I've, It's, Mark Cuban, Andrew Yeung Organizations: Service, Business, Spotify, Meta, Google, Silicon, Tech, Fortune, LinkedIn, ABC Company, Facebook, Business Planning, Next Locations: South East

☆ One of the US's busiest cruise ports can't keep up with America's love for vacations at sea — but an urgent new terminal will help meet the demand for giant cruise ships
▼ + stars: | 2024-05-23 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Port Canaveral announced new plans to build a seventh cruise terminal by 2026. But Port Canaveral is running out of space as demand for these vacation voyages continues to skyrocket. When complete, it could accommodate the world's largest cruise ships, including Royal Caribbean's new 1,198-foot-long, 9,950-person-capacity Icon of the Seas. The project would've taken three to four years to complete — too long a timeline for Port Canaveral. "We can't shut down operations at Port Canaveral because the state can't get the road infrastructure in a timely manner," he added.

Persons: —, John Murray, Murray, Royal Caribbean's, Brittany Chang, Ross Klein, UCG, Jamie Glasner, Glasner Organizations: Canaveral, Infrastructure, Service, Disney, Sunshine State, Port Canaveral, Canaveral Port, Royal, Business, MSC Group, Disney Cruise, Memorial University of Newfoundland, Glasner, US Customs, Border Protection, Florida Department Locations: Florida, Miami, Canaveral, Port Canaveral, Port, Caribbean

☆ 20 easy ways to make your burgers even better using things you already have in your kitchen
▼ + stars: | 2024-05-23 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Many, if not all, of these ingredients can already be found in your kitchen and pantry. 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 . According to a 2023 report by Cargill Meat Solutions Corporation, 79% of Americans order burgers at restaurants at least once a month. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Cargill Meat Solutions Corporation, Business Locations: America

☆ Nory, an Irish AI-powered restaurant management startup, just raised $16 million with this 14-slide pitch deck
▼ + stars: | 2024-05-22 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Nory, an Irish startup, has raised $16 million in Series A funding led by Accel. Founded in 2020, Nory uses AI to help restaurants manage payroll, inventory, and more. AdvertisementNory, an Irish startup that provides an operating system for restaurants, has raised $16 million in funding. Its SaaS platform aims to bring various business functions, such as payroll, inventory, supply chains, and customer satisfaction in "one place," founder Conor Sheridan told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: —, Conor Sheridan, Jamie Oliver Organizations: Accel, Service, Jamie Oliver Group, Business Locations: Irish, Europe

☆ Baby boomers have been America's secret weapon for fending off recession
▼ + stars: | 2024-05-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewTalks of a looming recession are flaring across Wall Street, but the savings war chest of baby boomers has staved off a US downturn. AdvertisementInstead, only the goods sector has shown signs of a growth recession, Yardeni said. But that's after the lockdown's hard-to-beat buying spree; today, goods spending remains at a record high when adjusted for inflation. Related storiesBut to Yardeni, they're the reason no consumer recession has appeared in the past two years, he separately wrote in April:"The Baby Boomers watched a lot of 'Star Trek' during the 1960s. AdvertisementMeanwhile, the baby boomer focus on service spending may also have deformed indicators, making things look gloomier than they are.

Persons: —, Ed Yardeni, Yardeni Organizations: Service, Business, Financial Times, Boomers

☆ Why Target and McDonald's are cutting prices and offering deals
▼ + stars: | 2024-05-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Target 's weak quarterly earnings underscored why it cut prices on thousands of household staples: It's struggling to win over bargain hunters. Elsewhere, Aldi dropped prices earlier this month on more than 250 items, including chicken, steak, granola bars and frozen blueberries. Target made its move on Monday, saying it has already reduced prices on about 1,500 items and plans to cut prices on thousands more this summer. Multiple major grocers and restaurants cutting prices or offering deals could offer relief at the checkout, at a time when consumer prices are still climbing more than 3% from last year. The company declined to share details of that split, but Chief Growth Officer Christina Hennington said Target's vendors know the company is committed to passing on savings to its customers to drive traffic.

Persons: Target's, Christina Hennington Organizations: Walmart, Aldi, Federal Reserve

☆ This unexpected corner of the market offers quality dividend payers, Bank of America says
▼ + stars: | 2024-05-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America. There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report. Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income. Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers. The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.

Persons: Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph Organizations: Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi Locations: West, Midwest, Southwest, Hanover , Pennsylvania, comps

☆ I've dined at 75 Disney World restaurants. These 5 are actually worth the money.
▼ + stars: | 2024-05-22 | by ( Trisha Daab | ) www.businessinsider.com time to read: +1 min

Disney World is known for its rides and shows, but it puts a lot of effort into its dining as well. I've dined at 75 Disney restaurants to try to find the best experience and food. Some spots, like Story Book Dining, Space 220, and Sanaa are magical and worth the money. Luckily, I've dined at 75 of the property's restaurants, so I know which pricey meals are actually worth splurging on. Here are five Disney World restaurants that I think have the perfect blend of immersive theming, delicious food, and Disney magic.

Persons: I've, — Organizations: Disney, Service

☆ America's Surge of Dumb Neighborhood Names, Real-Estate Rebrands
▼ + stars: | 2024-05-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

Neighborhood names are also shorthand for your rent or mortgage payments. In 2017, real-estate brokers in the historically Black New York neighborhood of Harlem sparked backlash when they tried to rebrand its south end as SoHa. At their best, new neighborhood names bring people together over a shared sense of pride in their little corner of the world. Along the way, these neighborhood names have veered into parody territory. I'm not saying that neighborhood names should be set in stone — in fact, I think it's natural for them to evolve alongside their populations.

Persons: you've, MoRA, Nashville's, they're, Let's, Gill Holland, Holland, Nestor Davidson, David Fagundes, Grant McKenzie, McKenzie, Hakeem Jeffries, Jeffries, Davidson, They're, Bob Dylan's, Marshall, Lily, I'm, Willy, Dirtbag, Little Italy — Organizations: Market, McGill University, University of Maryland, Houston, Financial, Tribeca, McGill, Google, Democratic, New York State Assembly, New York Times, Apple, North Arts District, Congress, Little Locations: Denver, Charlotte , North Carolina, LoSo, Boston, Louisville , Kentucky, NuLu, Austin, America, New York City, Louisville, Holland, North Carolina, Greenwich, Louisville's, Phoenix, Holland's, York, New York, Manhattan, Side, Chelsea, Maryland, Harlem, SoCo, Soho, Dowisetrepla, Charlotte, East Williamsburg

Analyst Ronald Epstein downgraded the electronics maker to underperform from neutral and slashed $15 off his price target to $150. Analyst Rupesh Parikh reiterated his outperform rating on the wholesaler, while lifting his price target by $45 to $850. Analyst Tal Liani reiterated his buy rating on the software stock and price target of $315. Analyst Gabriela Borges upgraded the retail software stock to buy from neutral and raised her price target by $7 to $74. He also slapped a $42 price target on the stock, implying upside of nearly 17%.

Persons: Goldman Sachs, Piper Sandler, Kraft Heinz, Ronald Epstein, Epstein, — Alex Harring, Oppenheimer, Rupesh Parikh, Parikh, Alex Harring, Daniel Grosslight, Grosslight, HIMS, he's, Tal Liani, Liani, CORA, it's, Morgan Stanley, Josh Baer, Baer, Box's, there's, Goldman, Gabriela Borges, Borges, Shopify, Michael Lavery, Lavery, KHC, Fred Imbert Organizations: CNBC, Garmin Garmin, Bank of America, Garmin, Costco, Citi, Kraft, ~$ Locations: Tuesday's, Swiss, Shopify

☆ A GenX chef says he's weaning off food delivery apps like DoorDash and Uber Eats because of 2 big downsides. Here's what he's doing instead.
▼ + stars: | 2024-05-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

When the food-delivery apps like DoorDash, UberEats, and Grubhub came out, he signed up, like many restauranteurs. Food delivery apps have also come under scrutiny for charging customers high fees and underpaying drivers. He said one issue was quality control, adding that the food-delivery apps don't always do enough to vet drivers. AdvertisementMarciante uses Owner.com, a startup that has raised millions in funding to help restaurants ditch the food-delivery apps. The other food-delivery apps did not respond to requests for comments from BI.

Persons: —, Tony Marciante, Grubhub, BI's Alex Bitter, Marciante, There's, he'd, Uber, DoorDash, Tony's Organizations: Service, Business, BI Locations: Bethesda , Maryland, Rockville , Maryland

☆ McDonald's franchisee group says $5 value meal can't last without company investment
▼ + stars: | 2024-05-21 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

"The fact remains that in order to provide the consumer with more affordable options, they must be affordable for the owner/operators. McDonald's vast resources and financial investment are essential to any sustainable affordable strategy," the board of the National Owners Association wrote in a letter to membership. McDonald's declined to comment on the NOA letter to its membership. In a statement to CNBC last week on the value meal the company said, "We know how much it means to our customers when McDonald's offers meaningful value and communicates it through national advertising. These ideas were initially floated by the advocacy group earlier in the year, as it pushed to add affordable options to the menu without discounting "core and iconic" items.

Persons: McDonald's, That's, NOA, Chris Kempczinski Organizations: National Owners Association, CNBC Locations: Oakland , California

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