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☆ Williams-Sonoma says rivals who lean into discounts are training shoppers to 'wait for that promotion'
▼ + stars: | 2024-11-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

AdvertisementSome retailers are offering discounts and sales to win over inflation-weary shoppers. Discounts encourage shoppers to put off purchases, Laura Alber said. Many retailers are trying to lure in budget-conscious shoppers with discounts and other markdowns. Instead, Alber said that Williams-Sonoma has focused on getting shoppers to come back by offering consistent prices and quality items. Alber said on the company's earnings call that it wants to offer "approachable prices with great quality."

Persons: Laura Alber, Williams, Alber, CNBC's Jim Cramer Organizations: Williams, Sonoma, Walmart Locations: Sonoma

☆ TGI Friday's Bankruptcy: Changing Tastes, Wall Street Crushed Chain
▼ + stars: | 2024-11-21 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

The hundreds of TGI Fridays franchises across 41 countries are independently owned entities and, therefore, not part of the bankruptcy process. AdvertisementIf you're a TGI Fridays lover, that means you can still go to the one nearby if you want. Like companies in a similar situation, the story of TGI Fridays is one of slow decline before an accelerated crash. In addition to grappling with changing tastes, TGI Fridays has also been subject to another trend in the restaurant business: private equity financial maneuvering. It can always be Friday anywhere, not just TGI Fridays, and maybe at a better price point or nicer experience.

Persons: Ray Blanchette, Brandon Coleman III, Coleman, Weldon Spangler, It's, Jonathan Maze, Tom Cruise, Ruby, Chili's, You've, they'll, who'd, Burt, hasn't, There's, John Bringardner, Bringardner, that's, Ragini, Alicia Kelso, Kelso, TriArtisan, Hostmore, I'm, Emily Stewart Organizations: Street, Restaurant Business, Buffalo Wild Wings, NFL, Strategic Resource, — TriArtisan Capital Advisors, Sentinel Capital Partners —, Sentinel, Citibank, SEC, FTI Consulting, Creditsafe, Hooters, Business Locations: Beppo, New York, Olive, Nation's

☆ McDonald's is bringing back cheap fast food with its McValue menu
▼ + stars: | 2024-11-21 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementMcDonald's is launching a new value menu to attract budget-conscious customers in the US. The chain has raised prices in recent years in response to inflation, putting off some customers. McDonald's is preparing to launch its new value menu in the US to win back cash-strapped shoppers. The chain has touted this new menu in recent earnings calls, saying it plans to roll it out in Q1 next year. But McDonald's is investing $100 million to regain trust, per a memo sent to employees seen by CNN.

Persons: McDonald's Organizations: Bloomberg, US Centers for Disease Control, CNN

A group of more than a dozen Republican lawmakers is urging a collegiate athletic conference to ban transgender women from competition after reports of a trans student competing on the s women’s volleyball team of a participating university. “Under these guidelines, it is only fair that biological males play men’s sports and biological females play women’s sports.”“Clearly, the Mountain West Conference has dropped the ball,” it continues. In September, SJSU volleyball player Brooke Slusser joined a lawsuit filed by more than a dozen women athletes against the NCAA, which oversees collegiate athletics, about trans athletes’ participation in school sports. The lawsuit argues that the NCAA violated the Title IX rights of cisgender female athletes by allowing transgender women to compete against them. Just last week, Slusser and 10 other former and current athletes in the Mountain West Conference filed a separate lawsuit against the conference and three SJSU staffers, accusing them of violating players’ Title IX rights.

Persons: Utah’s Sen, Mitt Romney, Sen, Mike Lee, John Curtis, Blake Moore, Burgess Owens, Celeste Maloy, Idaho’s Sen, Mike Crapo, James Risch, Russ Fulcher, Mike Simpson, Wyoming’s Sen, John Barrasso, Cynthia Lummis, Harriet Hageman, SJSU, Brooke Slusser, Lia Thomas, University of Nevada and Southern Utah University —, Michelle Smith McDonald, ” Organizations: Republican, Mountain West Conference, NCAA Division, Rep, San, NBC, NCAA, University of Pennsylvania, — Utah State University, University of Wyoming, Boise State University, University of Nevada and Southern Utah University Locations: San José State

McDonald’s is preparing 2025 value offerings in a bid to hang onto customers who are fed up with high costs at restaurants. Local value offerings have been on menus across the country and in the app as of late, including 10 piece nuggets for $1, among other deals, as a part of the broader value strategy. While operators are still voting on the 2025 value offerings, the initiative looks likely to pass, two people familiar with the matter said. In its most recent quarter, McDonald’s reported earnings and revenue that topped expectations, but saw its same-store sales fall globally by 1.5%. And when you do that with news and great marketing, you can get strong full margin check that goes along with some of those value programs,” he said.

Persons: McDonald’s, that’s, Chris Kempczinski, ”, coli Organizations: CNBC Locations: U.S

The Summary A Georgia woman has filed a lawsuit in response to the E. coli outbreak linked to organic carrots. Melinda Pratt says she was hospitalized for three days with an E. coli infection that she contracted after eating carrots from Grimmway Farms. Melinda Pratt had been buying the same brand of organic carrots for years: Bunny Luv by Grimmway Farms. Pratt filed a lawsuit Monday against Grimmway Farms. The company recalled batches of organic whole and baby carrots Saturday, after the Centers for Disease Control and Prevention determined that the products were likely linked to a multistate E. coli outbreak.

Persons: Melinda Pratt, Bunny, Pratt, “, ”, Ron Simon, Gomez, Grimmway, Dana Brennan, Jeff Huckaby, Simon, —, ” “ Organizations: Foods, Target, Grimmway, Centers for Disease Control, CDC, Washington, Associates, NBC News, Cleveland Clinic Locations: Georgia, Pratt, Savannah , Georgia, New York , Minnesota, Kern County , California, U.S

☆ Trump’s turn to bask in Musk’s reflected glory
▼ + stars: | 2024-11-20 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Musk, the Tesla and SpaceX visionary, has spent the last two weeks basking in Trump’s reflected glory at Mar-a-Lago. He’s around so much it’s almost like he’s family, and he even made it into a photo of Trump’s extended clan. Trump’s growing cultural cloutTrump’s visit to Musk’s launchpad was also the latest occasion since the election when he has inserted himself into high-profile photo-ops. The hit perhaps reflects Trump’s starry-eyed infatuation with Musk’s amazing array of spaceships and limitless ambition. With Musk, Trump might get more than he bargained for.

Persons: Donald Trump, Elon Musk, Robert F, Kennedy Jr, —, “, ”, Trump, Rushmore, Donald Jr, Texas Sen, Ted Cruz, Ronny Jackson, Musk, it’s, ” Trump, Greg Autry, Vivek Ramaswamy, Chandan Khanna, It’s, Kena Betancur, Joe Rogan, Theo Von, Musk’s launchpad, who’s, Anna Moneymaker, Kim Jong Un, MAGA, Elton John, DOGE, Andrew Harnik, Tim Pawlenty, CNN’s Erin Burnett, “ Trump, Volodymyr Zelensky, Emmanuel Macron, Kim Organizations: CNN, Elon, SpaceX, Texas, White, Trump, University of Central, of Government, Fox News, Tesla, UFC, Madison, Getty, YouTube, Barstool Sports, Republican Party, House Republicans, Hyatt, Minnesota Gov Locations: Texas, Washington, New York, Great State of Texas, He’s, Trump, Gulf of Mexico, United States, University of Central Florida, AFP, Novi , Michigan, Korean, Washington ,, Mar, Minnesota, Russia, Paris

☆ McDonald’s has temporarily stopped selling espresso drinks at some US locations
▼ + stars: | 2024-11-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Melitta, the manufacturer of the $3,000 espresso machine, informed customers of a problem with the equipment, forcing McDonald’s to temporarily decommission them while the issue is resolved. As a result, McDonald’s customers can’t order its espresso-based drinks, including frappés and Americanos. The chain recently launched a spinoff restaurant called CosMc’s that focuses on specialty coffee drinks. “One area of focus has been identifying ways for McDonald’s to participate in attractive and fast-growing categories … we’ve honed in on specialty beverages and coffee,” McDonald’s CEO Chris Kempczinski previously said.

Persons: McDonald’s, Melitta, ”, it’s, Chris Kempczinski Organizations: New, New York CNN, CNN Locations: New York, Atlanta, Dallas, Pittsburgh , New York, Tampa , Florida

☆ Shake Shack cheeseburgers to be served in first class on Delta flights
▼ + stars: | 2024-11-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The airline announced a “first-of-its-kind partnership” with Shake Shack to serve the chain’s cheeseburgers in first class on long-distance domestic flights beginning December 1 on flights out of Delta’s hub in Boston and expanding to other cities throughout 2025. For example, Alaska Airlines created a hot coffee that tastes better in the skies, while United Airlines added cold brew coffee from Illy. Delta has served a generic cheeseburger in first class over the past few years to mostly positive reviews online. And it’s not the first airline to partner with a burger chain — United Airlines once served McDonald’s Happy Meals in the 1990s. The partnership between Delta and Shake Shack marks an expansion of the airline’s relationship with celebrated chef Danny Meyer, who founded the burger brand in 2004.

Persons: we’re, ”, Stephanie Laster, Danny Meyer Organizations: New, New York CNN — Delta Air Lines, Alaska Airlines, United, Delta, CNN, Airlines, Square Hospitality Locations: New York, Boston, United Airlines, Illy, Delta

☆ How RFK Jr's war on obesity in the age of Ozempic could shake up the booming weight-loss industry
▼ + stars: | 2024-11-19 | by ( Rebecca Torrence | Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Robert F. Kennedy Jr.'s proposed appointment to lead the US Department of Health and Human Services could have big consequences for a booming weight-loss market. AdvertisementHis likely appointment comes at a pivotal moment for the weight-loss industry, as long-lasting shortages of drugs like Ozempic come to an end. When Farmbox launched in 2014 to deliver healthy food boxes and educate consumers about nutrition, "nobody wanted to invest in us," Tyrner-Dolce said. Doug Mills-Pool/Getty ImagesKennedy's crusade against Big Food could run up against Trump's pro-corporation agenda, though. AdvertisementWeight-loss companies could get more attention — at a costKennedy's focus on holistic chronic disease care, including obesity care, could see a renewed funding rush to the space.

Persons: Trump, Robert F, Kennedy Jr, Kennedy, he's, Obama, Ashley Tyrner, Dolce, Farmbox, FarmboxRx, Michelle Obama, SAUL LOEB, Kennedy's, Jeff Nobbs, Nobbs, Doug Mills, Elon Musk, Donald Trump Jr, podcaster Joe Polish, Brooke Boyarsky Pratt, There's, Knownwell Pratt, Pratt, John Stanford Organizations: Human Services, US Department of Health, National Institutes of Health, Food and Drug Administration, Trump, Big Pharma, Senate, Novo Nordisk, Centers, Medicare, Services, Getty, Street, Department of Health, US Department of Agriculture, Shack, Business, Big Food, Trump's, KFC, McDonald's, Fox, FDA, Moderna Locations: Pennsylvania, Washington

☆ I tried 20 of Trader Joe's popular breakfast foods, and I'd buy most of them again
▼ + stars: | 2024-11-19 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +27 min

AdvertisementI tried 20 breakfast foods from Trader Joe's, from Greek yogurt to pancakes. I tried some of Trader Joe's most popular breakfast foods as part of an ongoing series to review the chain's best items. VERDICT: Because of its convenience, Trader Joe's brioche French toast is worth trying at least once. AdvertisementVERDICT: Though I prefer a more traditional sandwich with actual bread, I'd be willing to buy Trader Joe's eggwich again. I didn't like Trader Joe's chicken-sausage breakfast bowl at allTrader Joe's chicken-sausage breakfast bowl wasn't my favorite.

Persons: Joe's, Wilson, you'll, I'm, I've, I'd, could've, wasn't ravenous, Wilson I've, Savanna, —, Joe's eggwich Organizations: Wilson Locations: Savanna, scone

☆ McDonald's is reportedly spending $100 million to help lure customers back after the E. coli outbreak
▼ + stars: | 2024-11-18 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementMcDonald's is investing $100 million into recovering from an E. coli outbreak, CNN reported. McDonald's said the outbreak led to a drop in restaurant visits and sales. McDonald's is reportedly spending $100 million to lure customers back to stores following an E. coli outbreak linked to slivered onions served on Quarter Pounder hamburgers. AdvertisementAn additional $65 million will be spent on the franchisees that were worst affected by the outbreak, it said. AdvertisementIts new marketing campaign will reportedly include TV ads that showcase a 10 McNuggets for $1 deal that can be redeemed through the chain's app.

Persons: McDonald's, Michael Gonda, Tariq Hassan Organizations: CNN, Marketing, Business, US Centers for Disease Control, CDC Locations: North America

☆ Carrots sold at Trader Joe's and Wegmans recalled due to possible E. coli contamination
▼ + stars: | 2024-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +2 min

If you do your weekly grocery rounds at Trader Joe's or Wegmans, it might be time to check your fridge. The recalled carrots were shipped by Grimmway Farms to distribution centers in the U.S., Canada and Puerto Rico, and sold under multiple different labels, including Trader Joe's, Wegmans, Bunny-luv, Nature's Promise, Simple Truth and 365. Grimmway Farms has shared pictures of all the labels in question for customer awareness. While they are no longer being sold in stores, Grimmway Farms is warning customers who may still have them in their fridges to throw them away. "We take our role in ensuring the safety and quality of our products seriously," Grimmway Farms President and CEO Jeff Huckaby said in a statement.

Persons: Joe's, Grimmway, Jeff Huckaby Organizations: Centers for Disease Control, Prevention, CDC, Grimmway Locations: Bakersfield , California, U.S, Canada, Puerto Rico, Colorado , Montana and Nebraska

☆ Restaurant executives can't wait for 2025 after slow traffic and wave of bankruptcies
▼ + stars: | 2024-11-17 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

After a tough year for the restaurant industry, executives can't wait for 2025 to start. And many of the nation's largest restaurant chains, from McDonald's to Starbucks , have disappointed investors with same-store sales declines for at least one quarter. But green shoots have appeared, fueling tepid optimism for the future of the restaurant industry. Plus, interest rates are finally falling. For restaurants, lower interest rates mean that it's cheaper to finance new locations, fueling growth.

Persons: Kate Jaspon, Dunkin, Burger Organizations: Inspire Brands, Restaurant Finance, Development Conference, Intelligence, Starbucks, Revenue Management Solutions, Burger King, Restaurant Brands, Federal Reserve Locations: Las Vegas, McDonald's

☆ McDonald's to invest over $100 million to speed up recovery after E. coli outbreak
▼ + stars: | 2024-11-15 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +2 min

A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024. In the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast food giant said it will invest over $100 million to boost restaurant sales and speed up the recovery at impacted franchisees. Of that total, $65 million will be invested into supporting owners who have lost business, targeting those in the hardest-hit states. Approximately $35 million will be invested traffic-driving programs, including marketing efforts, according to a memo to owners and employees viewed by CNBC. McDonald's will also be driving "local recovery plans for highly impacted markets" with more details to come in the weeks ahead, the memo said.

Persons: McDonald's, Michael Gonda, Tariq Hassan, Ian Borden Organizations: CNBC, Street Journal, Bloomberg, for Disease Control, CDC, and Drug Administration Locations: El Sobrante , California

☆ Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
▼ + stars: | 2024-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Cheerios cereal and Betty Crocker cake mix maker General Mills fell more than 2%, as did Conagra Brands , the company behind Reddi-wip. Frozen potato supplier Lamb Weston , whose french fries are sold in chains including McDonald's and Chick-fil-A, dropped more than 6%. Traders are wary that Kennedy's "Make America Healthy Again" focus will result in increased scrutiny of companies behind some of the best-known snack, packaged food and soft-drink brands. The stock bucked the trend with an advance on Friday, but finished down more than 4% on the week.

Persons: Donald Trump, Robert F, Kennedy, Betty Crocker, Mills, Reddi, Campbell, Kraft Heinz, Oscar Mayer, Lamb Weston, it's, WK Kellogg Organizations: Soda titans PepsiCo, Coca, Brands, Trump, Health, Human Services Department, Food and Drug Administration, Centers for Disease Control, Capitol, Senate, National Institutes of Health, Traders, NBC, WK Kellogg Co Locations: Canada

☆ RFK Jr.’s to-do list to make America ‘healthy’ — vaccines, fluoride and food — has health experts worried
▼ + stars: | 2024-11-15 | by ( Meg Tirrell | Katherine Dillinger | ) edition.cnn.com time to read: +12 min

“Donald Trump’s bungling of public health policy during the Covid pandemic cost hundreds of thousands of lives. “FDA’s war on public health is about to end,” he said in a social media post. Pack your bags.”That warning followed comments Kennedy has made about ending National Institutes of Health research into infectious diseases, putting doctors in the field on edge. water systems to remove fluoride from public water. Kennedy’s messaging on food policy has resonated with some health experts in that field.

Persons: Donald Trump’s, Robert F, Kennedy Jr, Dr, Ashish Jha, “, Carlos del Rio, Trump, ” Trump, “ Robert F, Kennedy, Jr, ” Robert Weissman, “ Donald Trump’s bungling, Michael Osterholm, ”, Osterholm, he’d, Ronald Reagan’s, he’s, ” Kennedy, Paul Offit, Jesse Watters, I’ve, Jason Schwartz, Edward Chen, it’s, I’m, Ashley Malin, ” Malin, Food Kennedy, Sanjay Gupta, Marion Nestle, Sen, Ron Johnson, Nestle, ” Nestle, CNN’s Carma Hassan, Nadia Kounang, Daniel Dale, Aaron Pellish Organizations: CNN, US Department of Health, Human, Brown University School of Public Health, Emory School of Medicine & Grady Health, Public Health, Health, HHS, Department of Health, Human Services, Public Citizen, Infectious Disease, University of Minnesota, US Centers for Disease Control, US Food and Drug, FDA, Pharma, of Health, Vaccine Education Center, Children’s Hospital of Philadelphia, CDC, Vaccines, Health Defense, Fox News, Yale School of Public Health, Trump White, U.S, American Dental Association, Environmental Protection Agency, MSNBC, Epidemiology, University of Florida’s College of Public Health, CNN Health Locations: Wisconsin

☆ McDonald’s spends $100 million to lure customers back after E. coli outbreak
▼ + stars: | 2024-11-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing, which includes a value deal focused on its chicken nuggets, plus $65 million directed toward franchisees that have lost business in states where the outbreak happened. Visits and sales took a nosedive in October after the Centers for Disease Control and Prevention and the Food and Drug Administration said that fresh slivered onions served on the Quarter Pounders were the likely source of an E. coli outbreak. More than 100 people got sick across 14 states and several lawsuits have been filed against the chain. McDonald’s has said recent tests showed no E. coli in its food, and in the memo noted its Quarter Pounder burgers topped with slivered onions are now back on menus nationwide.

Persons: New York CNN —, McDonald’s, ”, Michael Gonda, Tariq Hassan, Chris Kempczinski Organizations: New, New York CNN, CNN, Centers for Disease Control, Food and Drug Administration Locations: New York, North America

☆ McDonald's wants to make flatulent cows less of a problem for the environment
▼ + stars: | 2024-11-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Burgers at McDonald's could soon involve fewer greenhouse gas emissions thanks to a new cattle feed. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. McDonald's is working with seed company Syngenta and Lopez Foods, one of McDonald's meat suppliers, to feed cattle Syngenta's Enogen corn, the companies said in a statement on Thursday. Related Video How McDonald's is using data and its loyalty program to make new promotions like the adult Happy MealThat easy digestibility could mean fewer greenhouse gases, which contribute to global warming. McDonald's global sales were down during the company's third quarter as many consumers saved money by eating at home.

Persons: chow, Syngenta, Lopez, Enogen, McDonald's, It's, McDonald's Kendra Levine Organizations: Service, Mac, Lopez Foods, Environmental Protection Agency, Sustainability, McDonald's Locations: McDonald's

☆ Couple has $3 million in assets, but $40,000 in credit card debt due to 'sloppy' financial management, says money expert
▼ + stars: | 2024-11-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

When asked how they racked up so much debt, the couple mentioned emergencies like a flood, a car accident and other unexpected costs. They could feasibly tap their savings and investments to wipe out their credit card debt almost immediately. Yet they also owe $40,000 in credit card debt, they told self-made millionaire and money expert Ramit Sethi on a recent episode of his "Money for Couples" podcast. Even high earners can find themselves under a mountain of credit card debt if they let their spending go unchecked. Then, they can institute a standard operating procedure with rules, such as putting cash windfalls toward their credit card debt or discussing purchases over a certain price.

Persons: Sethi, Megan, Ramit Sethi, Jason, You've, Jason wasn't, it's Organizations: Formula, CNBC

☆ Toxic chemical ‘Hall of Shame’ calls out retailers in time for holiday shopping
▼ + stars: | 2024-11-14 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

“This is a critical time of year, the time when most retailers make a lot of their money,” Schade said. Only four companies in the top 50 retailers earned an A or A- — Apple, Sephora, Target and Walmart. Three companies — Ulta Beauty, IKEA and Whole Foods Market — received a B grade, while 26 companies were equally split between C and D grades. “We also grade companies on whether the changes requested from their suppliers are actually implemented, if they have truly ‘banned the bad,’ so to speak,” Peele said. Correction: A previous version of this story incorrectly stated the number of retailers who earned an A or A-.

Persons: —, “ It’s, ”, Mike Schade, ” Schade, “, Dunkin ’, Jimmy John’s, Joe’s, Ahold, Hannaford, Tard, Sherwin, Williams, Sally Beauty, Jodi Caro, Alimentation, Cheri Peele, ” Peele, Peele, Homer Swei, Swei, Schade, Perfluoroalkyl, Julianna Bragg Organizations: CNN, Toxic, Black, Brands, KFC, Taco Bell, Inspire Brands, Baskin, Robbins, Buffalo Wild Wings, Canadian, Lion, Nordstrom, Walmart, National Retail Foundation, Companies, “ Retailers, Environmental, National Academies of Sciences, Engineering, US, “ Locations: United States, Canada, Chipotle, Target, Nordstrom

The number of illnesses in the E. coli outbreak linked to McDonald’s Quarter Pounders has risen to 104, up from 90 at last count, health officials said in an update Wednesday. The outbreak was announced last month, though some cases date to September, according to the Centers for Disease Control and Prevention. The CDC and McDonald's have both pointed to slivered onions served on Quarter Pounders as the likely source of the outbreak. In the last week, McDonald’s has resumed selling Quarter Pounders with slivered onions at the affected locations, relying on a different supplier for the onions. Several lawsuits have been filed against McDonald’s since the outbreak was announced, including a proposed class action.

Persons: McDonald’s, Taylor Organizations: Centers for Disease Control, CDC, Farms, Health, McDonald’s Locations: California, Colorado, Montana, Nebraska

Inflation is drifting down in fits and starts, and so are restaurant menu prices. Diners are more likely to notice stabilizing menu prices at quick-service restaurants than at sit-down ones. But the rate at which all eateries changed their menu prices between the second and third quarters this year plummeted by 26%, the company said. Quick-service restaurants have benefited from slower growth in labor costs, Square found. The company estimates annual inflation faced by quick-service operators at 3.6% as of September, versus 4.3% for restaurants with table service.

Persons: ”, Kelly Esten, Ara Kharazian, Donald Trump, Joe Brusuelas, Trump Organizations: National Restaurant Association, “, Lightspeed Commerce, Wine Trade Alliance, RSM

☆ Chipotle shareholder sues over skimpy portion sizes
▼ + stars: | 2024-11-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —A Chipotle shareholder is suing the fast-casual chain over viral social media complaints about skimpy portion sizes. The proposed class-action lawsuit filed Monday claims Chipotle understated customer dissatisfaction regarding its “highly inconsistent” portion sizes in official disclosures. “First, there was never a directive to provide less to our customers,” Niccol said during the earnings call. After that earnings call on October 30, Chipotle stock dipped 7.86%. The proposed class action would make eligible anyone who purchased or sold Chipotle stock from February 8 to October 29, 2024.

Persons: Keith Lee, Chipotle, ” Laurie Schalow, Chipotle’s “, Brian Niccol, ” Niccol, Niccol, Jack Hartung, Scott Boatwright, Boatwright Organizations: New, New York CNN, Starbucks Locations: New York, Wells, Chipotle’s, Chipotle

☆ 49-year-old lived on $3 a day when he first moved to the U.S.—now he's a billionaire tech CEO
▼ + stars: | 2024-11-13 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Nearly three decades ago, Tomas Gorny came to the U.S. as a Polish immigrant living on $3 a day, after rent and transportation costs. Today, the 49-year-old Gorny is the founder of multiple tech businesses, including a cloud-based business communications company called Nextiva that was most recently valued at $2.7 billion. Gorny, the company's CEO, has a net worth exceeding $1 billion, according to a Nextiva spokesperson. After rent and transportation costs, he had only a few dollars per day for food and other necessities, he says. Two years later, his $3 per day turned into a net worth above $1 million, he says.

Persons: Tomas Gorny, Gorny, — Organizations: CNBC, Internet Communications Locations: Germany, Los Angeles

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