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☆ I took a job in New Zealand after my life turned upside down. I love it here, but the pay isn't sustainable.
▼ + stars: | 2024-08-04 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Camille Fahrnbauer, a 26-year-old travel nurse from Georgia currently working in New Zealand. Travel nursing in the US was debilitating. So when my husband left me unexpectedly and my life flipped upside down, I took a nursing job in New Zealand. AdvertisementFor a fresh start, I signed a year-long nursing contract in New ZealandI'd been travel nursing across the West Coast for three years when I started feeling a pull to nurse abroad. Dubai is at the top of my list because it's reported to have a great work-life balance and solid pay.

Persons: —, Camille Fahrnbauer, It's, I've, I'd, we're, I'm, Tess Martinelli, tmartinelli@businessinsider.com Organizations: Service, Business, West Coast, Facebook Locations: Georgia, New Zealand, West, Auckland, Dubai

☆ How sustainable diaper brand Kudos is taking on industry giants — with a Target rollout
▼ + stars: | 2024-08-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Still, plastic diapers from mega brands like Procter & Gamble -owned Pampers and Kimberly-Clark -owned Huggies continue to dominate the market. Kudos Diapers Courtesy: HatchMark StudioIn the three years since its launch, Kudos has raised more than $6 million in funding. Reduce the globe's reliance on fossil fuels by building out new supply chains and developing sustainable products that are just as effective – if not better – than competitors. Even sourcing natural materials for use instead of plastics would be challenging for larger companies because of their scale, Saigal said. The reality is, when natural materials become cheaper than plastic," she said.

Persons: Amrita Saigal, Clark, it'll, Saigal, it's, They're, Pampers Organizations: Environmental Protection Agency, Procter, Gamble, Massachusetts Institute of Technology, CNBC, Precursor Ventures, Xfund, Oversubscribed Ventures, MIT Locations: Kimberly

☆ Forget Uber and Airbnb: Some people are going back to doing things the old-fashioned way to save money
▼ + stars: | 2024-08-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

"If I was using rideshares and the delivery apps and everything the way I was, I would run out of money each month," she said. For some, like Manley, it means going back to the old-fashioned way of doing certain things: shopping around for hotel deals, taking public transit more, and working out at home with fitness classes on video. AdvertisementGrant Plotkin, 26, is a Gen Zer who experienced the pre-2020 millennial subsidy as a young adult. The next iteration of the millennial subsidy might be gamifying surge pricing for groceries or a side of fries. AdvertisementHas the loss of the millennial subsidy affected your finances or lifestyle?

Persons: Sarah Manley, Manley, She's, they'd, Millennials, YipitData, Grant Plotkin, Zer, he's, Plotkin, Ubers, Brett House, that's, Bilal Baydoun, Baydoun Organizations: Service, Business, Bloomberg, Netflix, Columbia Business School, Dollar, Aldi, Big Tech, American Locations: Baltimore, it's

☆ Hydrogen-powered planes are on the way – but how would they work?
▼ + stars: | 2024-08-02 | by ( Maria Gomez De Sicart | Arjun Kharpal | ) www.cnbc.com time to read: 1 min

As the aviation industry scrambles for ways to reduce its carbon footprint, hydrogen has emerged as a high-potential solution to its problems. In 2022, aviation accounted for 2% of global energy-related CO2 emissions, according to the International Energy Agency. The International Air Transport Association, the trade association for the world's airlines, has committed to achieving net zero by 2050. IATA's 330 member airlines will rely on sustainable aviation fuel, offsets and carbon capture, and new technology to reach the goal. So, how would hydrogen fuel and planes work?

Organizations: International Energy Agency, International Air Transport Association

☆ Wall Street to Big Tech: Is AI ever going to make money?
▼ + stars: | 2024-08-02 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? But Big Tech still has relatively little to show for all their billions spent in terms of significant revenue gains from AI or profitable new products, and investors are starting to get antsy. Shares of both Google and Microsoft dipped following their earnings reports, a sign of investors’ discontent that their huge AI investments hadn’t led to far-better-than-expected results. She added: “Gen AI is where we’re much earlier … We don’t expect our gen AI products to be a meaningful driver of revenue in ’24. As an example of just how long it can take AI products to come to fruition, take Tesla’s AI-based “full self-driving” technology.

Persons: New York CNN — There’s, ChatGPT, ’, Morgan Stanley, Keith Weiss, Steven Ju, Sundar Pichai, Goldman Sachs, —, ” D.A, Davidson, Gil Luria, Meta, Amy Hood, “, Susan Li, that’s, ” Luria, we’re, Jim Covello, Tesla, FSD, Google’s Pichai, Mark Zuckerberg, — Luria Organizations: New, New York CNN, Big Tech, UBS, Google, Microsoft, CNN, Meta Locations: New York, Silicon Valley

☆ After getting laid off back-to-back, I now depend on my mom to pay rent
▼ + stars: | 2024-08-02 | by ( Tonja Renée Stidhum | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I switched careers 3 years agoAbout three years ago I changed careers, and that came with an incredible pay raise. I was laid off after a year but found a new jobI learned a lot about money the hard way. But, I was laid off from that first tech job after about a year. I was laid off againThe next layoff took about six months, and the severance wasn't nearly as cushy.

Persons: —, crouch, hadn't, Dom Perignon, I'm, I'd, wasn't Organizations: Service, Business Locations: Los Angeles, Chicago

☆ Saudi says The Line will be the world's first 'eco-city.' Construction and design specialists aren't so sure.
▼ + stars: | 2024-08-02 | by ( Beatrice Nolan | Polly Thompson | ) www.businessinsider.com time to read: +7 min

Neom's flagship city, known as The Line, has grand plans to be a futuristic "eco-city." Experts told BI that these plans offered exciting solutions for issues like urban sprawl, excessive carbon emissions, and inefficient energy use. AdvertisementLovgreen pointed to issues "such as disrupting natural habitats, carbon emissions from building materials, and the transferring of these materials to areas remote from where they are produced." "Transportation accounts for less than a quarter of global carbon emissions, while the construction and operation of buildings represent nearly 40% of emissions," Baum said. She added that it can be particularly difficult to maintain sustainable construction in hot and dry regions of the world.

Persons: Mohammed bin Salman's, Giles Pendleton, Neom, Andreas Krieg, Philip Oldfield, Mona Lovgreen, Mara Baum, Baum, Krieg, Ben Bauer Organizations: Service, Saudi, Business, Wall Street Journal, The Journal, Lawrence Technological University, Institute of Middle Eastern, King's College London, UNSW Built Environment, Dialog Locations: Neom's, Saudi, Gulf, Sydney

☆ With Solitude and Untouched Nature, the Quieter Corners of the Adirondacks Beckon
▼ + stars: | 2024-08-02 | by ( Amanda Loudin | ) www.nytimes.com time to read: +1 min

At six million acres, New York’s Adirondack Park is the size of Vermont, and larger than all of New Jersey. A unique mix of state and private property that encompasses mountains, wilderness areas and lakes, the park draws more than 12 million visitors annually who want to hike, paddle, explore and more. I’ve vacationed in the park for the past 16 years, appreciating its wild beauty more each time I visit. Even with the park’s size — 10 distinct regions and 20 wilderness areas lie within its borders — many visitors don’t venture far from the park’s population centers. “The quieter parts of the park are untouched,” said Jane Hooper, communications manager for the area’s Regional Office of Sustainable Tourism.

Persons: I’ve, ”, Jane Hooper Organizations: area’s, Sustainable Tourism Locations: Vermont, New Jersey, Lake Placid

☆ ‘We don’t need more concrete’: A new village in Tanzania will use a 3D printer and soil to build its community
▼ + stars: | 2024-08-01 | by ( Tom Page | ) edition.cnn.com time to read: +7 min

In Kibaha, Tanzania, just west of the capital Dar es Salaam, a group of pioneering architects are set to build a new village with “earth printing” at its heart. A rendering of the community center for Hope Village, which Hassell says is expected to begin construction in 2025. Hope Village is more ambitious, according to Mark Loughnan, principal and head of design at Hassell. For Dr. Consola Elia, who will oversee the children’s home at Hope Village, the project is “the reality of a dream that I’ve had for over 20 years,” she said in a statement. Work on the masterplan has begun, with housing already underway and construction of the community center expected to begin in early 2025.

Persons: Hassell, ClarkeHopkinsClarke, ”, Xavier De Kestelier, De Kestelier, Mario Cucinella, ” De Kestelier, Hassel, Mark Loughnan, “, Consola Elia, I’ve, we’re Organizations: CNN, NASA, Hope, Institute, Architecture, Mario Cucinella Architects, Tanzanian, New Yorker, Crane WASP, Arts Locations: Kibaha, Tanzania, Dar, Salaam, Catalonia, Barcelona, Spain, Ravenna, Italy, Rome, Uganda, Hope

☆ Don’t waste time on trendy wellness hacks. Try things that work
▼ + stars: | 2024-08-01 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

But good habits and a well-established routine can help you make the choices you are trying to stick to, she told CNN earlier. Habits are behaviors people engage in without conscious thought and are reinforced through repetition, social psychologist Wendy Wood told CNN in a previous article. Try to sleep better: Babies and young children often have a specific routine every night to help them sleep better — maybe it’s a bath, a few books, a song and a snuggle. Grown-ups need that, too, clinical psychologist and sleep expert Michael Grandner told CNN earlier. If you want more impactful wellness habits you can build into your routine, look for more CNN articles every week this National Wellness Month covering sleep, exercise, food and mindfulness.

Persons: Let’s, it’s, Katy, James G, Dinan, Wendy Wood, Michael Grandner, I’ll, “, they’ll, ”, Nitat, Steph Grasso, dietitian, Grasso, Rosamund Dean, Adam Smiley Poswolsky, ” Poswolsky Organizations: CNN, Wellness, Wharton School, University of Pennsylvania, US Centers for Disease Control, World Heart Federation, Research

☆ Intel lays off 15% of its staff and its stock tumbles as it struggles to turn around its ailing business
▼ + stars: | 2024-08-01 | by ( Ramishah Maruf | Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Intel is slashing 15% of its staff as part of a $10 billion plan to reduce costs, the tech company announced in its second-quarter earnings Thursday. “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI. The company is holding out hope that the AI investments will pay off. Intel wants to cut the $10 billion by 2025. Other tech earnings falterAmazon’s sales grew 10% last quarter and its operating profit nearly doubled, the company said Thursday.

Persons: “, Pat Gelsinger, Jacob Bourne, TSMC, ” Neil Saunders Organizations: New, New York CNN, Intel, Qualcomm, Texas Instruments, Nvidia, Apple, GlobalData Locations: New York, “, United States

☆ CFRA raises S&P 500 outlook, sees 11% gain over the next 12 months
▼ + stars: | 2024-08-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

CFRA Research sees more upside for the benchmark S & P 500 over the next 12 months, even if the risk of near-term profit taking looms. The higher forecast implies a year-end target of 5,770 for the S & P 500, or a 4.5% uptick from Wednesday's close for the benchmark. Stovall's previous year-end S & P 500 target called for 4,940. A combination of more stable supply-and-demand dynamics coupled with a widening of market gains supports the more bullish outlook, CFRA said. The S & P 500 has a roughly 14% gain this year, compared to the Nasdaq Composite's roughly 15% advance.

Persons: Sam Stovall, Evercore's Julian Emanuel, CFRA, Russell Organizations: Research, Federal Reserve, Nasdaq Locations: Wednesday's

☆ Fed Chair Powell gives the market exactly what it wanted to hear
▼ + stars: | 2024-07-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Federal Reserve Chair Jerome Powell ended a press conference in which he gave markets exactly what they anticipated he would say. The Fed left rates unchanged, noted that job growth was weaker but still strong and hinted it was slowly winning the war on inflation. Powell, in his press conference, said "the labor market has come into better balance, and the unemployment rate remains low. If there was any doubt he was feeling better about inflation, Powell later said, "we have growing confidence that we are on a sustainable path to two percent," the Fed's long-term target for inflation. The consensus as we entered July was that inflation was still a very real danger and that the Fed may keep rates higher.

Persons: Jerome Powell, Powell, What's, Jackson Organizations: Fed, Jackson, Investors

☆ Killing of Hamas leader leaves Gaza ceasefire hopes dangling by a thread
▼ + stars: | 2024-07-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

CNN —The assassination of the political leader of Hamas has plunged the Middle East into fresh crisis and dented already slim hopes of an end to the war between Israel and the militant group that rules Gaza anytime soon. Here’s what the killing of the Hamas and Hezbollah leaders means for the Gaza war and the region. “Netanyahu has systematically sabotaged ceasefire talks because ending the war will likely end his political career,” said Trita Parsi of the Quincy Institute, a US-based foreign policy think tank, in a post on X. A faltered negotiation process also extends the risk to the lives of the remaining hostages in Gaza. “This is the time for a deal.”There are 111 hostages still in Gaza, including 39 believed to be dead, according to data from Netanyahu’s office.

Persons: Israel, Ismail Haniyeh, Haniyeh, ”, Yahya Sinwar, Mohammed bin Abdulrahman, Benjamin Netanyahu, –, “ Netanyahu, “, Netanyahu, Jalaa Marey, Gershon Baskin, Baskin, ” Baskin, Gaza’s, Anwar, Antony Blinken, Biden, ” Hellyer, CNN’s Becky Anderson Organizations: CNN, Hamas, Quincy Institute, Palestinian, Getty, Families, Anwar Amro, Hellyer, Carnegie Endowment, International Peace, Royal United Services Institute for Defense, Security Studies, Israel Locations: Israel, Gaza, Tehran, Iran, Beirut, Golan, Qatar, Egypt, Mohammed bin Abdulrahman Al, Thani, Doha, US, Karmiel, AFP, Beirut's, United States, London

☆ The killing of a top Hamas leader in its backyard is 'humiliating' for Iran, experts say
▼ + stars: | 2024-07-31 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Read previewIsmail Haniyeh, the leader of the political wing of Hamas, was killed on Wednesday. Ismail Haniyeh (left) meeting with Iran's Supreme Leader Ayatollah Ali Khamenei in Tehran, Iran, on July 30, 2024. According to Middle East and military experts, Haniyeh's death is a "humiliating" blow to Iran. A new phase of brinkmanshipTensions between Israel and Iran were high even before Haniyeh's killing. MOSAB SHAWER/AFP via Getty ImagesSince Hamas launched terror attacks on Israel on October 7, groups allied with Iran — the Houthis, Hamas, and Hezbollah — have targeted Israel, with attacks sometimes spilling over into neighboring countries and directly involving Iran.

Persons: —, Ismail Haniyeh, Haniyeh, Ayatollah Ali Khamenei, Nobody, Israel didn't, Andrew Fox, Henry Jackson, Fox, Abdullah Ahmed Abdullah, Mohsen Fakhrizadeh, Ameneh, Farzan, MOSAB SHAWER, Burcu, Fuad Shukr Organizations: Service, Business, Iran's, KHAMENEI.IR, Getty Images, Henry, Henry Jackson Society, New York Times, East, Global Governance Centre, Geneva Graduate Institute, BI, West, Getty, —, Middle East Security, Royal United Services Institute, Fox Locations: Iran, Tehran, AFP, Israel, Middle East, Iranian, West Bank, Hebron, Syria, Beirut, Iraq, Yemen, Red, ACLED, Lebanon

☆ Marquesas Islands: South Pacific archipelago is now a UNESCO site
▼ + stars: | 2024-07-31 | by ( Lilit Marcus | ) edition.cnn.com time to read: +3 min

CNN —The Marquesas are a beautiful, remote stretch of islands in the South Pacific. And, as of last weekend, they are also a UNESCO World Heritage site. According to data from the Institute of Statistics for French Polynesia (ISFP), 10,995 tourists visited the Marquesas in 2023. The Marquesas’ tourism industry is also managed out of Tahiti. Marquesan wood carving, dance and music form part of the islands’ heritage.

Persons: Nelson Mandela, Henua, Bora, Tahiti –, Hiva, Jean, Marc Mocellin, Painter Paul Gaugin, Jacques Brel Organizations: CNN, UNESCO, CNN Travel, Institute of Statistics, French, Fa’a’ā Locations: South, South Africa, Malaysia, Kenya, Hawaii, Fiji, Polynesia, Bora Bora, Tahiti, French Polynesia, Marquesas, France, China, Canada, Germany, Papeete, Belgian, Hiva Oa

☆ The chip industry uses as much water as the city of Hong Kong. Now factories are working to be more sustainable.
▼ + stars: | 2024-07-31 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.

Persons: —, Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver

☆ The Fed is about to give more clues as to when it will finally start cutting rates
▼ + stars: | 2024-07-31 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Fed officials in recent speeches have said they’re pleased with the latest inflation data, acknowledging the steady progress but saying they’re not quite fully comfortable yet with slashing rates. “We set this rate when inflation was over 4%, and inflation is now, let’s call it, 2.5%. He has said that an unexpected weakening in the labor market would prompt the Fed to consider cutting rates sooner than expected. Economic growth in 2024 has been solid so far, despite the highest interest rates in nearly a quarter century. But the Fed’s decision to cut rates will be mainly based on inflation readings, absent any concerning news about the job market.

Persons: they’re, Christopher Waller, Austan Goolsbee, “, Goolsbee, Loretta Mester, Jerome Powell’s, ” Kathleen Grace, Waller, ” Powell, Powell Organizations: Washington CNN, Federal, Fed, Chicago Fed, Wall Street, Cleveland Fed, CNN, Labor

☆ Ryan Reynolds' longtime personal trainer shared 5 simple pieces of advice he gives clients to boost their longevity
▼ + stars: | 2024-07-31 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

"You're going to move better, you're going to feel better, you're going to build confidence," Saladino said. AdvertisementMuscle loss with age is known as sarcopenia, but strength training and eating a high-protein diet can help prevent this, he said. Prioritize sleepYou often hear people saying getting up early in the morning requires discipline, but Saladino thinks going to bed early requires more. AdvertisementThe three macronutrients that make up all foods are protein, carbs, and fat, but Saladino thinks we should pay as much attention to fiber too. Get your steps inWalking is another underutilized key to health and longevity, Saladino said, and he encourages people to do it as much as possible.

Persons: —, Ryan Reynolds, Don Saladino, Saladino, they've, it's, we're Organizations: Service, Business, American College of Cardiology, Communications Biology

☆ Microsoft and other tech giants' AI capex is not sustainable: Analyst
▼ + stars: | 2024-07-31 | 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 EmailMicrosoft and other tech giants' AI capex is not sustainable: AnalystGil Luria of D.A. Davidson says that customer demand for AI services is continuing to drive Microsoft and other hyperscalers' unsustainable levels of spending.

Persons: Gil Luria of D.A, Davidson Organizations: Microsoft

☆ I've spent 160 hours traveling by train. It's the best mode of transportation for 4 simple reasons.
▼ + stars: | 2024-07-31 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

After spending 160 hours on the rails, I think trains are the best mode of transportation. Traveling by train is also one of the most sustainable ways to get around the world. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than 24 million travelers have taken an Amtrak train since October 2023, The Wall Street Journal reported in July. This story is available exclusively to Business Insider subscribers.

Persons: I've, — Organizations: Service, Amtrak, Street, That's, Business Locations: North America, Europe

☆ Will Free Beer Make Travelers More Responsible?
▼ + stars: | 2024-07-30 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

Earlier this month, when the tourism office of Copenhagen announced it would reward travelers with freebies for taking conscientious actions like using public transportation, proponents of sustainable travel cheered the adoption of a strategy that would encourage responsible behavior. “Tourists want to feel good about doing something sustainable without feeling ashamed,” said Paloma Zapata, the chief executive of Sustainable Travel International, which works with destinations and travel operators to address climate and community impacts. “These programs make sustainable tourism very tangible.”In the carrot-versus-stick debate, punitive policies like charging day visitors a fee in Venice have dominated the conversation. But an emerging set of policies is designed to guide and reward travelers’ good behavior. A new Booking.com survey of 31,000 travelers globally found that while 75 percent of travelers want to travel more sustainably in the next year, 45 percent admitted it was not a primary consideration when planning a trip.

Persons: ”, Paloma Zapata Organizations: freebies, Sustainable Travel International Locations: Copenhagen, Venice

☆ The aviation industry mess is turning into bad news for the planet
▼ + stars: | 2024-07-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

Air New Zealand is waiting for eight Boeing 787 Dreamliners and five Airbus A320neo and A3201neo planes, according to its website. SAF has a lower carbon footprint than traditional jet fuel because it’s made from waste products, where the carbon has already been emitted; or from plants that absorb CO2 as they grow. That was much higher than the 5% reduction target in international aviation emissions by 2030 agreed by 193 countries at a United Nations-backed conference last November. The aviation industry accounted for 2% of global energy-related carbon emissions in 2022, according to the International Energy Agency (IEA). “Planned production capacity for sustainable aviation fuels will provide just a small fraction of jet fuel demand by 2027,” notes the IEA on its website.

Persons: ” Greg Foran, “, it’s, ” Organizations: London CNN — Air, Zealand, Air, Boeing, Airbus, CNN, SAF, United, International Energy Agency, New, Reuters Locations: Zealand, Air, United Nations, New Zealand

☆ Amazon projected huge losses from its healthcare business in 2024, but strong sales growth, internal document reveals
▼ + stars: | 2024-07-30 | by ( Eugene Kim | ) www.businessinsider.com time to read: +7 min

Read previewLate last year, Amazon projected its healthcare businesses to lose more than $1 billion for 2024, according to an internal planning document obtained by Business Insider. Although the company doesn't breakout financials on the healthcare business, investors will be looking for signs of success when it reports results on Thursday. That was mostly thanks to Amazon Pharmacy, which was projected to generate $1.81 billion in 2024 sales, a 45% surge. Amazon healthcare is slowing investments in smaller initiatives by delaying hiring for certain projects and reducing contractor spend, it added. It's upgrading the signup process, such as insurance card capture technology, and simplifying the linking between One Medical and Amazon Pharmacy accounts.

Persons: —, Andy Jassy, Brand, Neil Lindsay, It's Organizations: Service, Business, Amazon, Pharmacy, Amazon Health Services, Tech, Amazon Pharmacy, Health Services, Health, Amazon Clinic, Google

☆ McDonald's executives admit diners think prices are too high, say they're working to create value
▼ + stars: | 2024-07-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

McDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation. During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to evaluating prices and trying to create value. We are working to fix that with pace," McDonald's CEO Chris Kempczinski said on the company's earnings call. The offer also began to increase guest count growth, but it has not yet translated into sales increases, company executives said on the call. The $5 value meal was rolled out only days before the second quarter ended.

Persons: Chris Kempczinski, Kempczinski, Joe Erlinger, Erlinger, we've, — CNBC's Amelia Lucas, Kate Rogers Locations: U.S, Placer.ai

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