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☆ I tried the same chicken sandwich at McDonald's and Chick-fil-A, and I'd stick with the cheaper one next time
▼ + stars: | 2024-07-02 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

McDonald's previously released a chicken sandwich amid the "Chicken Sandwich Wars." The sandwich immediately drew comparisons with Chick-fil-A's iconic chicken sandwich. I tried McDonald's McCrispy chicken sandwich and thought it was very similar to Chick-fil-A's. AdvertisementThe chicken sandwich wars are still in full swing, but which chain has the best chicken sandwich at the best value? In 2021, McDonald's replaced its buttermilk crispy chicken sandwich with a new lineup of chicken sandwiches: the Crispy Chicken Sandwich, the Deluxe Crispy Chicken Sandwich, and the Spicy Crispy Chicken Sandwich.

Persons: McDonald's, Chick, —, Kate Taylor Organizations: Service, Business

☆ The 15 biggest fast-food chains in the US, ranked
▼ + stars: | 2024-07-01 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Technomic data analyzed by Nation's Restaurant News ranks the top 15 US fast-food restaurants. McDonald's topped the list as the biggest fast-food chain in the country. Starbucks, Chick-fil-A, and Taco Bell also ranked highly. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From McDonald's to Taco Bell, quick-service and fast-casual chains fared far better last year compared to casual-dining chains like Chili's and Applebee's, Restaurant Business reported in June.

Persons: Taco Bell, —, Taco Organizations: Nation's Restaurant, Service, Taco Bell, Restaurant Business, Business

☆ McDonald's $5 meal may lead to higher sales and stock price, history of value offerings shows
▼ + stars: | 2024-07-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

McDonald's $5 value meal offering could provide a turnaround for the struggling stock, according to Wells Fargo. "Historically, MCD wins when the industry shifts to value," Fadem wrote in a note released Monday. McDonald's competitors took a hit after the company launched the dollar menu — and took back some share after McDonald's removed the Dollar menu, he added. Fadem forecasts the $5 value meal could provide a tailwind of 50 to 100 basis points for McDonalds U.S. comparable same-store sales. Wells Fargo has an overweight rating and $300 price target on shares, implying about 18% upside from Friday's close.

Persons: Wells Fargo, Wells, Zachary Fadem, McDonald's, Fadem, — CNBC's Michael Bloom Organizations: CNBC, McDonalds U.S Locations: Wells Fargo, U.S

☆ Trying to convince voters that Biden's debate performance was a one-off will backfire, experts say
▼ + stars: | 2024-07-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's aides have defended his debate performance, treating it as an unimportant one-off in a long campaign. According to The New York Times, the president's aides are trying to cast Biden's performance — branded by many as a disaster — as insignificant in the long run. Related storiesIronically, Biden's aides also appeared to blame the president's age when discussing his debate performance with Axios. "But I know what I do know — I know how to tell the truth ... "By framing Biden's performance as a 'blip,' campaign surrogates are trying to reset expectations.

Persons: —, Joe Biden's, Jen O'Malley Dillon, Biden's, Quentin Fulks, Biden, Trump, Thomas, It's, doesn't Biden, Katherine Tangalakis, Erin Snodgrass, Andrew Payne, Donald Trump, Payne, isn't Organizations: Service, The New York Times, Business, University College London, Interact, White, Q Locations: McDonald's, United States, Raleigh

☆ A retired boomer moved from Florida to Panama to start life anew after her husband and son died. Everything is cheaper, she said, and life has been much calmer.
▼ + stars: | 2024-07-01 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

In 2006, her son died in a construction accident, six months after her husband had a major stroke. They settled in Tarpon Springs, Florida, and Sussman got a job in the catering department for several hotels. AdvertisementHer husband decided he wanted to live his last years on the property where they would have their dream home, and they put a manufactured home on the property. "I didn't know who I was in this new role. I didn't know where to go from there."

Persons: Janet Sussman, Sussman, Panama Sussman, " Sussman, she's Organizations: Service, Business, pats, United, Panama City Locations: New York, Panama, Philadelphia, Tarpon Springs , Florida, Florida, Airbnbs, Panama City, United States, Clearwater , Florida, Panama —

☆ Wimbledon recap day one: Coco Gauff joined by lucky losers in women’s draw, Tiafoe rises
▼ + stars: | 2024-07-01 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +15 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. For world No 2 Coco Gauff, the draw at this year’s Wimbledon has been more than kind: It’s been positively loving. There are no Wimbledon champions in this half of the draw, but there is still a four-time slam winner. (Glyn Kirk / AFP via Getty Images)Can Frances Tiafoe make this the first day of the rest of his tennis life? Tiafoe came back from two sets down for the first time in his career, winning 6-7(5), 2-6, 6-1, 6-3, 6-3.

Persons: Casper Ruud, Aryna Sabalenka, Frances Tiafoe, Casper Ruud’s, Ruud, Alexander Zverev, Alex Bolt, Henry Nicholls, I’m, ”, Swiatek, you’ve, Coco Gauff, Victoria, Zheng, Lulu Sun, Mirra, —, Brenda Fruhvirtova, Jasmine Paolini, Maria Sakkari, Gauff, Caroline Dolehide, Naomi Osaka, Diane Parry, Glyn Kirk, Tiafoe, Mateo Arnaldi, ” Tiafoe, He’s, Roland Garros, craves, Borna Coric, — Carlos Alcaraz, Ben Stansall, Erika Andreeva, Britain’s Sonay Kartal, Aryna, Linda, Erika, Donna Vekic, rika, ade, ound, hird, Ber, G, 🇦🇷 18 S. Baez, 🇿 J., Kor, Borge, Dan, 🇪 E., Diaz, Hurkacz 🇲🇩 R, 🇸 J., . Ju, Kar, J, Fearnley, 🇹 1, Nakashima 🇦 🇺 J., F. J, 🇷 P., eva 🇩🇪, 🇦, A. Pot, Colli, 🇸, . Wozniacki, Bro, Fer, U vardy, Tomova 🇺 🇸, 🇴, K, 🇿 K., Yastrems, 🇷, Wang, 🇹, Danilo, eva, 🇯, Nava Organizations: Wimbledon, London, Getty, Tennis, Victoria Azarenka, U.S, 🇬, Monfils, ritz, emi, eni, Sta Locations: Wimbledon, Halle, Germany, Queen’s, London, Norway, Swiatek’s, Italy, AFP, Roehampton, Russian, Croatia, novi, Bou, Ste

☆ 3-Stock Lunch: Tesla, McDonald's and Birkenstock
▼ + stars: | 2024-07-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Tesla, McDonald's and BirkenstockJerry Castellini, CastleArk Management, joins 'Power Lunch' to discuss plays for three stocks.

Persons: Jerry Castellini Organizations: CastleArk Management

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Verizon, Apple, McDonald's, Birkenstock, AT&T, Meta & more
▼ + stars: | 2024-07-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on the stock to $144 per share from $116. "We are initiating coverage of Gauzy with a Buy rating and $18 12-month price target." Wells Fargo reiterates McDonald's as overweight Wells said it's standing by its overweight rating on shares of McDonald's. "We initiate coverage on Amkor Technology (AMKR, $10B market cap) with an Overweight rating and Dec-25 price target of $48." Raymond James reiterates Meta as strong buy Raymond James raised its price target on Meta to $600 per share from $550.

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's, BIRK, ramping, Stifel, Wells, Tesla, JMP, Academy's, Piper Sandler, Piper, TD Cowen, W.R, Berkley, Snowflake, Raymond James, Rivian, Meta Organizations: UBS, Apple, Verizon, AT, Gannett, JMP, Sports, JPMorgan, Amkor Technology, Deutsche Bank, Walmart, Deutsche, Exchange, ICE, RBC, NextEra Energy Partners, Fox Corp, EV, Meta Locations: China, Taiwan, Asia, TFX, McDonald's, Rivian

☆ Warren Buffett once went to China with Bill Gates — and lived on burgers, fries, and Cherry Coke
▼ + stars: | 2024-06-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Luckily his close friends, Microsoft cofounder Bill Gates and his then-wife Melinda, went to great lengths to ensure he wouldn't starve. "To his delight he was served course after course of his french fries —even for dessert," Schroeder reported. When they stopped at restaurants for lunch and dinner, Buffett was again served burgers and fries while the others chowed down on Chinese food. During a scenic private cruise, Buffett, Gates, and Gates' dad played bridge. "Buffett towed the Gateses straight to McDonald's to buy hamburgers in the middle of the night," Schroeder wrote.

Persons: —, Warren Buffett, Bill Gates, Melinda, Alice Schroeder, Buffett, Schroeder, Cherry Coke, Rick Wilking, Gates Organizations: Service, Business, Berkshire Hathaway, Reuters Locations: China, Sichuan, Champagne, gulps, Berkshire, Hong Kong

This story is available exclusively to Business Insider subscribers. AdvertisementWhile this data was limited to fast-food chains, the trend extends to casual-dining burger chains like Chili's and Applebee's. We've already tried the Big Smasher, but we wanted to see how the other burgers on Chili's menu fared in terms of taste and value. Business Insider coordinated with Chili's Grill & Bar to organize this taste test at our local restaurant, but BI paid for the meal, and the chain had no influence on our ranking. AdvertisementHere's every Chili's burger, ranked from worst to best.

Persons: —, Chili's, Kevin Hochman, Big, We've Organizations: Service, Triple, Business, Brinker International, Big Mac, Restaurant Business, Chili's

The third quarter starts on Monday with corporate earnings trends largely intact, but showing early signs of trouble in tech land. The good news: for the big-cap tech companies that are truly dominating the market ( Apple , Microsoft , Alphabet , Nvidia , etc.) Still no recession, in the economy or in earnings So far, we have a deceleration in big-cap tech earnings and clear signs the consumer wants lower prices. Earnings trends for tech may still be rising (even if it is decelerating), but the rest of the market is generally flattish on earnings. Earnings: rising Positive Tech earnings: rising but decelerating Negative Job growth: strong but moderating Positive Interest rates: moderating Positive Inflation: moderating Positive Consumer: increasingly cautious Negative

Persons: Jensen, Nick Raich, it's, Raich, Lori Calvasina, We've, I've, you've, Levi Strauss, General Mills, Tim Wentworth, Taco Bell, Mills Organizations: Apple, Microsoft, Nvidia, Big, Meta, Jensen Huang's, Scout, U.S, Equity, RBC Capital Markets, CNBC, Nike, Walgreens, Micron, FedEx, General, . Companies, Southwest Airlines, Pool Corp, Urban Outfitters, Yum Brands

☆ Taco Bell enters the value meal wars with its biggest deal ever
▼ + stars: | 2024-06-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —This is the summer of fast food value meal wars, and Taco Bell isn’t sitting back. The chain announced Thursday that it’s entering the battle with one of its biggest deals ever. “We believe that fast food should be a luxury that every one can afford everyday,” said Taylor Montgomery, Taco Bell’s chief marketing officer. He added that its deal offers “full-sized favorites” compared to some of its rivals’ deals that have smaller portions. Like its rivals, Yum has been vocal that some of its problems stem from customers spending less on fast food.

Persons: Taco Bell isn’t, Burger King, ”, Taylor Montgomery, Taco, ’, Montgomery, Yum Organizations: New, New York CNN, Taco, Taco Bell, Taco Bell’s, CNN Locations: New York

☆ McDonald's trialed the McPlant in California and Texas. It failed because people don't want a meat-free burger from the Golden Arches.
▼ + stars: | 2024-06-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

You won't see the McPlant on McDonald's US menus anytime soon. Trials in Dallas and San Francisco failed because there wasn't enough demand, the president of McDonald's US said. The non-meaty burger was tested at hundreds of restaurants in California and Texas in 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe McPlant is unlikely to return to McDonald's menus in the US anytime soon.

Persons: —, Joe Erlinger, Erlinger Organizations: Service, Food Forum, Bloomberg, Business Locations: Dallas, San Francisco, California, Texas

☆ Los Angeles Lakers select Bronny James, son of LeBron James, with No. 55 pick in the NBA Draft
▼ + stars: | 2024-06-27 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +1 min

CNN —The Los Angeles Lakers have selected Bronny James, the eldest son of superstar LeBron James, with the 55th pick in the 2024 NBA Draft on Thursday. While in high school at Sierra Canyon, James was named a 2022-23 McDonald’s High School All-American and was considered the No. Meanwhile, LeBron James has previously spoken of his strong desire to play with his son in the NBA. “My last year will be played with my son,” James told the Athletic in 2022. Bronny James will have a chance to make his first appearance wearing a Lakers uniform during the 2024 NBA Summer League from July 12 through July 22.

Persons: James, LeBron James, Bronny James, ”, “, ” James, It’s Organizations: CNN, Los Angeles Lakers, Lakers, University of Southern, USC, ESPN, NBA, Athletic, League Locations: University of Southern California, Sierra, that’s

☆ What to know about the economy ahead of the presidential debate
▼ + stars: | 2024-06-26 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

That’s because the economy has consistently ranked among the top — if not the very top — voter issues in presidential election after presidential election. Unemployment: Low, but with warning signs aheadThe nation’s unemployment rate stayed below 4% for 27 months, its longest such streak and a match for a period in the 1960s. That streak ended last month, when the unemployment rate rose to 4% from 3.9%. That means job seekers might find it harder to get hired. The number of job openings in the US economy recently fell to a three-year low.

Persons: Bill Clinton’s, Joe Biden, Donald Trump, David Paul Morris, Joe Raedle, they’ve, Frederic J . Brown Organizations: New, New York CNN, ABC, CNN, Bloomberg, Getty, of Labor Statistics, Target, Walmart Locations: New York, AFP

☆ McDonald's has a value perception problem, says Evercore's David Palmer
▼ + stars: | 2024-06-25 | 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 has a value perception problem, says Evercore's David PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss McDonald's as the company rolls out a $5 value meal from today, the state of the fast food industry, and more.

Persons: Evercore's David Palmer David Palmer

☆ Value meals are a 'positive shift' for McDonald's to attract customers, says Jefferies' Andy Barish
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValue meals are a 'positive shift' for McDonald's to attract customers, says Jefferies' Andy BarishAndy Barish, Jefferies equity analyst, joins CNBC's 'Squawk Box' to discuss McDonald's and other fast food chains launching value meals, potential impact in driving business, and more.

Persons: Jefferies, Andy Barish Andy Barish Organizations: Jefferies

☆ Wedbush: McDonald's $5 value meal will increase customer traffic
▼ + stars: | 2024-06-25 | 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 EmailWedbush: McDonald's $5 value meal will increase customer trafficNick Setyan, Managing Director at Wedbush, discusses McDonald's $5 value meal and pricing pressures across the fast food restaurant space.

Persons: Nick Setyan

☆ Are you better off than you were four years ago? It can be a murky picture for many
▼ + stars: | 2024-06-25 | by ( Shannon Pettypiece | ) www.cnbc.com time to read: +9 min

But retirees and full-time caregivers have been unable to take advantage of a strong job market. Now, consumers are largely left with the same buying power they had four years ago rather than having seen real income gains over that time that would have helped bolster their financial picture. The outlook for the job market also varies by race with the unemployment rate at 5.6% for Black workers and 5% for Hispanic workers. Food prices have risen around 25% over the past four years while Biden was in office. The rise in food prices has disproportionately impacted lower-income households, which spend around a third of their discretionary income on food, according to a 2022 Agriculture Department survey.

Persons: Joseph Prezioso, Joe Biden, Donald Trump, Ronald Reagan, Julia Pollak, Pollak, Joseph Davis, Biden, MAGA, Julian Assange, Trump, Davis Organizations: Gloucester High School, AFP, Getty, Homeowners, ZipRecruiter, NBC, Consumer, Vanguard, NBC News, Food, Bureau of Labor statistics, Agriculture, Federal Reserve, Walmart, Aldi, Target, Gas Locations: Gloucester , Massachusetts, U.S, Arizona, Nebraska , Colorado

☆ Outrage over an $18 Big Mac sparked a consumer revolt that finally got companies to listen
▼ + stars: | 2024-06-25 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New CNN —Pop quiz: How much does a Big Mac, fries and a fountain beverage – also known as a Big Mac combo meal – cost? In a recent letter, Joe Erlinger, president of McDonald’s USA, said $18 for a Big Mac combo was the “exception” and not the norm across all 13,700 restaurants in the country. The thing is: It doesn’t really matter that virtually no one is paying anything close to $18 for a Big Mac combo. “The average price of a Big Mac in the US was $4.39 in 2019,” Erlinger said in his recent letter. Behold: Price cuts and value menusI’d be willing to bet Erlinger was made aware of the viral $18 Big Mac combo post not long after it took off.

Persons: It’s, Joe Erlinger, Erlinger, it’s, They’re, ” Erlinger, aren’t, haven’t, Price, Christopher Kempczinski, they’ve, Ian Borden, they’re Organizations: CNN, McDonald’s, Mac, Consumer, Walgreens, Walmart, Wendy’s Locations: Connecticut, McDonald’s USA, Amazon

☆ Calls of the Day: Uber, Tesla & McDonald's
▼ + stars: | 2024-06-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Uber, Tesla & McDonald'sThe Investment Committee discuss the latest Calls of the Day.

Organizations: Investment

☆ Chili's, Applebee's, and other casual dining chains are having a moment
▼ + stars: | 2024-06-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Casual restaurants like Applebee's and Chili's are winning customers, some from fast-food joints. Diners are finding that a sit-down meal at the chains doesn't cost much more than a McDonald's. The latest round of discounts at both kinds of restaurants is making it easier to find a cheap meal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's will start offering a $5 meal on Tuesday.

Persons: —, Burger Organizations: Service, Business

☆ Affordable luxury: Price-conscious Americans are turning to cheaper steakhouses
▼ + stars: | 2024-06-24 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

So business is booming at Texas Roadhouse and LongHorn Steakhouse, even as Americans pull back elsewhere. And in the three months through May 26, sales at Longhorn Steakhouse locations open at least 16 months rose 4%. An affordable luxuryWhen it comes to steakhouses, Texas Roadhouse and LongHorn Steakhouse are on the cheaper end, noted Jim Salera, a research analyst at Stephens. Patrons sit at a bar and watch sports at a Texas Roadhouse restaurant in November 2023. “Retail demand has been probably a little bit weaker,” said Michael Bailen, senior director of investor relations at Texas Roadhouse.

Persons: Texas, ”, Jim Salera, Salera, you’re, Peter Saleh, They’ve, Scott Olson, Saleh, Rick Cardenas, It’s, Michael Bailen, ” Bailen, “, ’ Organizations: New, New York CNN, Texas, Texas Roadhouse, LongHorn, Longhorn, Darden Restaurants, steakhouses , Texas Roadhouse, Stephens, of America, CNN, Bureau of Labor Statistics, Kroger Locations: New York, Texas, Olive, steakhouses , Texas, Skokie , Illinois, . Texas

☆ Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
▼ + stars: | 2024-06-22 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

The other is Nvidia , which for a time this week, surpassed Microsoft to become the largest company in the world by market cap. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. 100 on Interbrand's list for 2023 is Japanese camera maker Canon, with Dutch brewer Heineken at No. The risk for Nvidia, Silverman added, is that its "weak brand strength will limit how valuable it will be, despite its market cap heights." Gamers love itHowever, a competing survey shows that Nvidia's brand value is catching up to that of its peers.

Persons: Jensen Huang, Ann Wang, —, Greg Silverman, Interbrand's, Silverman, Interbrand, Kantar BrandZ, Marc Glovsky, Philip Fong Organizations: Reuters Apple, Microsoft, Google, Nvidia, Disney, Netflix, Heineken, Apple, Windows, Samsung, Toyota, Mercedes, Benz, BMW, Nike, Intel, Hewlett Packard Enterprise, CNBC, Nintendo, AFP, Getty, chipmaker, Dell, Vanda Research Locations: Taipei, Taiwan, Korean

☆ Four self-made millionaires echo the same advice for success: Just get started
▼ + stars: | 2024-06-21 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

Throughout my time working at CNBC, I've chatted with different entrepreneurs, from people who started successful side hustles to the founders of global unicorn companies. In my conversations with successful entrepreneurs, I've found that those who became successful and "made it" tend to echo the same advice. Advice #2: Lean into what makes you uniqueAnother piece of advice Mahlum gave is to lean into what makes you yourself. "I think the best advice that I can give to fellow entrepreneurs is to be different," he told CNBC. Advice #4: Just get startedIn all my conversations with entrepreneurs, by far, the one piece of advice I've heard the most, is to simply get started.

Persons: Shawn Tsao, I've, Jason McGowan, McGowan, they'd, Anne Mahlum, Solidcore Anne Mahlum, Mahlum, Edward Tirtanata, Tirtanata, Uber, Jack Organizations: CNBC, I've, Lean, Nike Locations: New York, Solidcore, Indonesian, Southeast Asia

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