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☆ New Starbucks CEO shares more details on his turnaround plan. We like what we heard
▼ + stars: | 2024-10-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Niccol's overarching message: A bunch of changes, both big and small, are coming to Starbucks' menu, mobile app and stores that should satisfy all parties involved. Starbucks stock didn't do much in the five sessions since then, ending Wednesday at $97.32 a share. Starbucks is far from a quick fix, but Niccol on Wednesday night demonstrated that the optimism may not be misplaced. As for mobile orders, which account for more than 30% of transactions, the CEO said Starbucks will tweak its algorithm so that it provides specific pickup times to customers. Investors are hoping Starbucks' stock returns are reminiscent of that tenure, too.

Persons: Brian Niccol, Jim Cramer, Niccol, Wall, —, Laxman Narasimhan —, Howard Schultz, Jim, Rachel Ruggeri, we've, Jim Cramer's, Jakub Porzycki Organizations: Starbucks, Chipotle, Investors, CNBC, Nurphoto, Getty Locations: U.S, China, Chipotle, Manhattan Beach , California

☆ Jim Cramer looks at what to do with Eli Lilly, AMD shares after their big slides on earnings
▼ + stars: | 2024-10-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, fellow Club stock Advanced Micro Devices fell 9.5% on Wednesday, the morning after it issued light guidance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Brian Niccol, Jim, Eli Lilly, Lilly, Stocks, Jim Cramer's Organizations: CNBC, Microsoft, Starbucks, Meta, Google, Club, Nvidia, AMD, GE Healthcare, Reddit Locations: China

☆ Here are Wednesday's biggest analyst calls: Apple, Alphabet, Snap, Boeing, First Solar, Reddit, AMD & more
▼ + stars: | 2024-10-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Advanced Micro Devices as buy Bank of America said the stock is best positioned following earnings on Tuesday. JPMorgan reiterates First Solar as overweight The firm said the solar company is still best positioned following earnings on Tuesday. "Attractive entry point ahead of EDN's tariff review, a key value driver that could drive significant earnings growth & trigger stock re-rating. "We remain confident in BOOT's ability to deliver attractive relative earnings growth supported by compelling unit expansion opportunity." Raymond James downgrades Crocs to market perform from outperform Raymond James downgraded the shoe company following earnings citing margin pressures.

Persons: Wells, Reddit, Morgan Stanley, Raymond James, it's, Bernstein, Baird, Raymond James downgrades Qorvo, Barclays downgrades Lear, Goldman Sachs, Chipotle, Goldman, Raymond James downgrades Crocs, Wedbush downgrades Williams Organizations: Bank of America, Devices, AMD, JPMorgan, Catalyst, " Bank of America, DoJ, Citi, YouTube, Bank of, Holdings, of America, Incyte, Boeing, UBS, Barrick Gold, Barrick, Barclays, CMG, Walmart, Apple, Apple Intelligence, 3Q, 4Q, WSM Locations: China, OW, America, Sonoma

☆ Bigger portions return to Chipotle after skimping complaints
▼ + stars: | 2024-10-30 | by ( Auzinea Bacon | ) edition.cnn.com time to read: +2 min

CNN —Chipotle customers have complained that portion sizes are all over the map. Frustrated Chipotle customers took to posting on social media this year, accusing the company of skimping on servings. He added that about 10% of stores were outliers in portion sizes and would be re-trained. Chipotle employees were never directed to serve customers less, Niccol said, but the claims prompted a reevaluation of the entire system. He said there’s a been a noticeable shift from previous unhappiness and customers are “really excited” about Chipotle’s new portion sizes.

Persons: Scott Boatwright, Chipotle, Chris Kempczinski, pico de, Brian Niccol, Niccol, ” Organizations: CNN, “, Employees, New, Starbucks Locations: skimping, Wells, New York City, portioning

☆ Nasdaq jumps to record close as major tech names rise ahead of earnings
▼ + stars: | 2024-10-29 | by ( Hakyung Kim | Alex Harring | ) www.nbcnews.com time to read: +1 min

The Nasdaq Composite rose to a fresh record on Tuesday as investors readied for key corporate earnings releases, including reports from notable tech names. The tech-heavy Nasdaq advanced 0.78% to a record close of 18,712.75. Ahead of their earnings releases, shares of Meta jumped 2.6%, and Alphabet advanced 1.8% on Tuesday. This will mark the busiest week of the earnings season with more than 150 S&P 500 companies scheduled to have reported by Friday’s close. Notably, the blue-chip Dow broke a five-day losing streak, while the tech-heavy Nasdaq notched its eighth positive session of the last nine.

Persons: “ It’s, Sam Stovall, Friday’s, Jonathan Krinsky, ”, Dow Organizations: Nasdaq, Dow Jones, Microsoft, Apple, Meta, Research, Traders, Treasury, U.S

☆ We're downgrading Honeywell shares, plus Starbucks makes a menu change
▼ + stars: | 2024-10-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. We will hear more about this broader strategy on the company's earnings call Wednesday night. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wolfe, Oleato, Brian Niccol's, Eli Lilly, Jim Cramer's, Jim, Jeff Greenberg Organizations: CNBC, Nasdaq, Treasury, Honeywell, We're, Wolfe Research, Bloomberg, Starbucks, GE Healthcare . Caterpillar, Humana, Brinker International, Trane Technologies, Otis, Jim Cramer's Charitable, Universal, Getty Locations: Dover, Illinois, Atlanta , Georgia

☆ 3-Stock Lunch: Chipotle, Pfizer & Ford
▼ + stars: | 2024-10-29 | 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: Chipotle, Pfizer & FordMAI Capital’s Chris Grisanti, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Chris Grisanti Organizations: Pfizer, Ford MAI

Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Alphabet posted earnings of $2.12 per share on revenue of $88.27 billion, while analysts polled by LSEG expected earnings of $1.85 per share on $86.30 billion in revenue. Visa — The global payments company beat earnings and revenue expectations for the fiscal fourth quarter, driving shares up about 1.5%. First Solar also missed Wall Street's expectations in the third quarter, posting earnings of $2.91 per share on revenue of $888 million. Analysts sought $3.14 per share in earnings and revenue of $1.08 billion, per LSEG.

Persons: Chipotle, LSEG, Qorvo, Reddit Organizations: LSEG . Revenue, Google, Visa, AMD

☆ Chipotle still seeing growth from all income cohorts, says Interim CEO Scott Boatwright
▼ + stars: | 2024-10-29 | 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 EmailChipotle still seeing growth from all income cohorts, says Interim CEO Scott BoatwrightScott Boatwright, Chipotle Interim CEO, joins CNBC's Kate Rogers and 'Closing Bell Overtime' to talk consumer trends, Q3 results, labor, and more.

Persons: Scott Boatwright Scott Boatwright, Kate Rogers Organizations: Chipotle

☆ Chipotle Mexican Grill is about to report earnings. Here's what to expect
▼ + stars: | 2024-10-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Chipotle Mexican Grill is set to report its third-quarter earnings after the bell on Tuesday. Despite the unexpected executive shuffle, Wall Street is confident Chipotle can maintain its winning streak — at least in the near term. Analysts expect the company will report same-store sales growth of 6.3%, according to StreetAccount estimates. For the full year, Chipotle is projecting same-store sales will grow by a mid- to high-single-digit percentage.

Persons: LSEG, Brian Niccol, Scott Boatwright, Chipotle, Niccol Locations: New York

☆ Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
▼ + stars: | 2024-10-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. S&P 500 futures and Nasdaq 100 futures were also both little changed. Those moves come after a winning session on Wall Street for the three major indexes. Traders will keep an eye on earnings reports from major companies due on Tuesday as the busiest week of this earnings season continues.

Persons: Dow, Adam Crisafulli, McDonald's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Ford Motor, Corp, Traders, Pfizer Locations: New York City, Israel, Iran

☆ McDonald’s needed to win Americans back. Then came an E. coli outbreak
▼ + stars: | 2024-10-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.

Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, “, ”, Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York

☆ 14 earnings reports and major economic data will be the stock market movers this week
▼ + stars: | 2024-10-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The Street is looking for Stanley Black & Decker sales of $3.8 billion in the third quarter and earnings per share (EPS) of $1.05. The Street is looking for Linde sales of $8.35 billion in the third quarter and EPS of $3.89. In addition to the headline results and forward guidance, overall organic sales growth and data center energy power demand will be focus items for investors. The Street is looking for sales of $94.47 billion in its fiscal fourth quarter and EPS of $1.55. The Street is looking for Coterra sales of $1.3 billion in the third quarter and EPS of 34 cents.

Persons: That's, It's, Stanley Black, Decker, we're, We're, Eli Lilly, Lilly, Amy Hood's, Brian Niccol, Wednesday's, Linde, it's, we'll, Phillips, Horton, Kraft Heinz, SIRI, Estee Lauder, BUD, Cardinal Health, Jim Cramer's, Jim Cramer, Jim, Stephanie Keith Organizations: Nasdaq, Dow, Fed, PCE, YouTube, Justice, AMD, GE Healthcare, Reality Labs, Microsoft, Management, Starbucks, U.S, Presidential, Linde, Apple Intelligence, Amazon, Services, Coterra Energy, WM, Cadence Design Systems, Labor, PayPal, BP, Pfizer, Royal Caribbean Cruises, JetBlue, HSBC, Devices, Grill, Electronic Arts, EA, Gross, Caterpillar, Brinker International, AFortive Corporation, Illinois Tool, Coinbase, eBay, EBAY, Booking Holdings, MGM Resorts, MGM, Bausch Health, LIN, Merck, ConocoPhillips, Mastercard, Altria, Cruise, Myers Squibb, Comcast, Mobileye, Cheniere Energy, Regeneron Pharmaceuticals, Anheuser, Busch InBev, Intel, United States Steel, Juniper Networks, Chevron, Exxon Mobil, Dominion Energy, Charter Communications, LyondellBasell Industries, Cardinal, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Eaton, Corning, Illinois, Bristol, New York City

☆ The chicken sandwich wars are over. Make way for the chicken tender battle.
▼ + stars: | 2024-10-26 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +7 min

As the "chicken sandwich wars" that dominated the industry in the early 2020s cool off, chains are now preparing for the chicken-tender battle. AdvertisementChicken is a huge area of opportunity for fast-food brandsThe release of Popeyes' iconic chicken sandwich kicked off the chicken sandwich wars. It released a new recipe for its original chicken tenders on October 18, hoping to spark what the chain called the "chicken tender battle." KFC launched a new style of chicken tenders it hopes will start the "chicken tender battle." As chicken tenders gear up for a takeover, chicken sandwich wars are already yesterday's headlines.

Persons: —, Gen, Irene Jiang, Gen Z, Popeyes, Burger King, Cane's, Catherine Tan, Gillespie, Erin McDowell, McDonald's, Hollis Johnson, George Felix, Felix, Chipotle, Perdue, It's Organizations: KFC, Service, Business, Restaurant Business, Revenue Management Solutions, Bloomberg, Cane's KFC, New York, Wine, Food Festival Locations: Manchester , New Hampshire, Burger, coleslaw, Texas

One of the patients in the McDonald's outbreak suffered from that condition, known as hemolytic uremic syndrome. Hedberg is also a member of the McDonald's Food Safety Advisory Council, but said he has not worked with the company on its response to the outbreak. The size of the outbreak "would imply widespread undercooking by many different individual McDonald's restaurants" if beef was the culprit, according to Hedberg. For example, rival Wendy's dealt with its own link to an E. coli outbreak two years ago. However, that transparency means more media coverage, which reminds consumers about the crisis and risks scaring them away from McDonald's restaurants.

Persons: Michael M, Taylor, it's, spokespeople, McDonald's, Thomas Jaenisch, There's, Xiang Yang, Yang, Craig Hedberg, Hedberg, Jaenisch, Wendy's, Eric Gonzalez, Jack, Chipotle, Gonzalez, Joe Erlinger, Erlinger, Jo, Ellen Pozner, Darin Detwiler, Detwiler, Bill Marler, Marler, Clarissa DeBock, Eric Stelly Organizations: Santiago, Getty, for Disease Control, Taylor, Foods, . Foods, McDonald's, CDC, Colorado School of Public Health, University of California, Food Safety Center of Excellence, Food Safety Advisory, Food and Drug Administration, U.S . Department of Agriculture's, Inspection Service, CNBC, Media, USA, Santa Clara University Leavey School of Business, Northeastern University Locations: Flatbush, Brooklyn, New York City, California, Davis, Colorado, U.S, Minnesota, McDonald's U.S, Nebraska, Greeley , Colorado

☆ Cramer’s week ahead: Earnings from Alphabet, Meta, Apple, Microsoft and Amazon
▼ + stars: | 2024-10-25 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +4 min

With massive corporations including Alphabet , Meta , Apple , Microsoft and Amazon set to report earnings next week, CNBC's Jim Cramer on Friday urged investors to keep a level head. "Just please remember, the first move's been the wrong move almost half the time since this earnings season began. Monday starts off the week with earnings from Ford . Tuesday brings McDonald's earnings report, and Cramer said to expect "a full airing of the e-coli situation," but that it is too early to tell how much damage it will do to the fast food chain. The monster week for earnings will continue into Thursday, as both Apple and Amazon will report after the bell.

Persons: CNBC's Jim Cramer, Cramer, Chipotle, Brian Niccol's, Eli Lilly, Meta, Chevron's, Hess, Exxon doesn't Organizations: Apple, Microsoft, Federal Reserve, Ford, Disease Control, Prevention, Royal, PayPal, Caterpillar, Meta, Merck, Bristol, Oil titans Chevron, Exxon, Chevron Locations: Gulf of Mexico, Myers

☆ Store closings have hit their highest level in years. Competition and higher prices crushed them
▼ + stars: | 2024-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

“It kept these players alive that couldn’t survive in normal situations.”Competition from juggernauts like Amazon, Walmart, Costco, Home Depot and other big-box retailers has also squeezed smaller chains. In 2017 and 2018, retailers closed a combined 13,400 stores, according to Coresight. Retailers closed a record 9,800 stores in 2019. Around 9,700 stores closed in 2020, according to Coresight. Drug store chains are also shrinking.

Persons: —, ”, Michael Brown, Kearney, ” Brown, Barbara Kahn, Charlotte Russe, Shopko, Ted Decker, Joann Fabric, Denny’s, Kelli Valade, Justin Sullivan, Amazon’s, It’s, ” Kahn, TJ Maxx, TJX Organizations: New, New York CNN, Walgreens, Research, Companies, Consumers, “, Walmart, Costco, Home, ” Retailers, United, University of Pennsylvania’s Wharton School, Coresight, Retailers, Sears, P Global Market Intelligence, CVS, Aid, Marshalls, Aldi Locations: New York, “, Amazon, United States, Gymboree, JCPenney, Tijuana, HomeGoods

☆ Why Starbucks, Nike and Boeing are looking for a time machine
▼ + stars: | 2024-10-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment. Brian Niccol took the reins last month, leaving the top job at Chipotle to become Starbucks’ third CEO in three years. Boeing Boeing Boeing…. Like Nike and Starbucks, Boeing is looking to its past self to guide its future. And Boeing won’t be able to build the time machine it so desperately needs without the 33,000 machinists currently on strike.

Persons: CNN Business ’, Brian Niccol, Niccol, God —, ”, I’ve, we’ve, Nicolas Asfouri, it’s, Elliott Hill, Kelly Ortberg, who’ve Organizations: CNN Business, New York CNN, Starbucks, Nike, Boeing, Getty, NBA, WNBA, Boeing Boeing Boeing …, Ortberg Locations: New York, China, Chipotle, AFP

☆ Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
▼ + stars: | 2024-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Investors will contend with earnings results from five of the Magnificent Seven companies next week. .SPX 1M mountain S & P 500 "I sort of refer to this period that we're in right now as like a strange brew," said Mark Malek, investment chief at Siebert. On Friday, the Nasdaq Composite hit an all-time high , but the S & P 500 snapped a six-week win streak. In fact, the high concentration of the mega-cap leaders in the S & P 500 spurred Goldman Sachs' David Kostin this month to release a dim long-term forecast for the overall market. HSBC head of equity strategy Nicole Inui upped her S & P 500 year-end target to 5,900.

Persons: Mark Malek, Siebert, Goldman Sachs, David Kostin, Siebert's Malek, they've, Nicole Inui, Inui, D.R Horton, Price, Eli Lilly, Lauder Organizations: Microsoft, Meta, Apple, Nasdaq, U.S, Treasury, Big Tech, HSBC, FactSet, Richmond Fed, Dallas Fed, Ford, Semiconductor, Caesars Entertainment, Devices, Pfizer, Royal Caribbean Group, PayPal, ADP, Kraft Heinz, Caterpillar, GE Healthcare Technologies, Holdings, ECI Civilian Workers, PCE, PCE Deflator, Chicago PMI, Cruise Line Holdings, Uber Technologies, Lauder Companies, Mastercard, Generac, Jobs, PMI, Manufacturing, Exxon Mobil Locations: U.S, Chicago

☆ The list of fast-food places pulling onions over E. coli concerns just keeps growing
▼ + stars: | 2024-10-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Fast-food chains are pulling onions from their restaurants due to E. coli risks. The outbreak linked to McDonald's involves 49 E. coli cases and one death in 10 states. AdvertisementA string of American fast-food chains and restaurants are pulling fresh onions from some of their locations because of E. Coli food poisoning risks. On Thursday, Burger King said that it gets some of its onions from Taylor Farms, a supplier to the McDonald's restaurants that have been linked to the E. Coli outbreak. In 2022, Wendy's restaurants were linked to an E. coli outbreak in six states.

Persons: Taco, —, Yum, Burger King, Burger, McDonald's Organizations: Taco Bell, KFC, Johnny Rockets, McDonald's, Service, Yum Brands, Bloomberg, Brands, Disease Control, Public, FDA Locations: Taylor, Colorado , Kansas , Utah, Wyoming

☆ These are 2024’s top trending Halloween costumes, according to Google
▼ + stars: | 2024-10-24 | by ( Oscar Holland | ) edition.cnn.com time to read: +2 min

Google’s annual “Frightgeist” list has unveiled 25 costume ideas the tech giant says are “trending” in the build-up to Halloween. An attendee at this month's New York Comic Con dressed as Bob from "Beetlejuice Beetlejuice." Google also looked at trending kids’ costumes (topped by Red from Disney’s “Descendants”), pet costumes (“Dogpool”) and costume pairs (Deadpool and Wolverine). Google has noted a spike in searches for “green and yellow track suit” and “green track pants" for users looking to emulate Australian breakdancer Raygun. “Frightgeist” also identified the year’s top trending party theme as “Beetlejuice,” while the “spooky foods” category was topped by “mummy hot dogs.”Here are this year’s top 25 trending costumes, according to Google Trends:

Persons: CNN —, Raygun, Playtime, Deadpool, Sabrina Carpenter, York Comic Con, Bob, Charles Sykes, Joy —, Chipotle burritos, Soulja Boy, “, Disney’s, ”, Elsa, Getty, Dolly Parton, Ron Burgundy, Frightgeist ” Organizations: CNN, Google, York Comic, Warner Bros, Warner Bros . Locations: CatNap, Tampa , Florida, Rapid City , South Dakota, Marquette , Michigan, Duluth , Minnesota, Tucson , Arizona

The investigation into the E. coli outbreak in McDonald's Quarter Pounders that has killed at least one person and sickened nearly 50 others increasingly points to the slivered onions served on the hamburgers. The onions in question, according to a McDonald’s spokesperson, come from a single source and are then sliced and packaged as raw vegetables in individual bags and sent to restaurants. State health officials alerted the CDC about an unusual uptick in E. coli cases on Oct. 10. There is no indication that diced onions on other McDonald’s menu items are part of the outbreak. "While the slivered onions are the likely source, FSIS continues to verify the safety of the ground beef used," the spokesperson said.

Persons: McDonald's, Matt Wise, Rachel Herlihy, “, ” Herlihy, Lowell Schiller, it's, Schiller Organizations: Mayo Clinic, Centers for Disease Control, Prevention, NBC News, CDC, Food and Drug Administration, FDA, Safety, Inspection Service, Agriculture Department Locations: Greeley , Colorado, Colorado, Mesa County, . Nebraska, Iowa , Kansas , Missouri, Montana , Oregon , Utah , Wisconsin, Wyoming, Chipotle

☆ How McDonald's can learn from other fast-food giants in recovering from the deadly E. coli outbreak
▼ + stars: | 2024-10-23 | by ( Kelsey Vlamis | Amanda Goh | ) www.businessinsider.com time to read: +7 min

McDonald's Quarter Pounders have been linked to an E. coli outbreak in several states, the CDC said. AdvertisementA deadly E. Coli outbreak has been linked to the McDonald's Quarter Pounder. Chipotle's recovery may also have hinged on expanding the business in areas unrelated to food safety. In addition to removing any affected items from the menu, McDonald's should also communicate clearly with its customers throughout the process, Leung said. Advertisement"Clear messaging about the steps being taken to ensure food safety is vital.

Persons: McDonald's, —, Jon Tower, Wendy's, James Marsden, Chipotle, Steve Ells, Brian Niccol, Niccol, Sara Senatore, Bernstein, romaine, Alexandra Leung, Leung Organizations: CDC, Service, Centers for Disease Control, Prevention, Citigroup, Kansas State University, Starbucks, Taco Bell, New York Times, Times Locations: Singapore, Hong Kong

☆ Starbucks reveals what an enormous mess its new CEO has to clean up
▼ + stars: | 2024-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks’ new CEO Brian Niccol has a Herculean task in front of him to change the dire state of affairs that the world’s largest coffee chain is currently brewing in. Surprising Wall Street, the company unexpectedly released its preliminary earnings report Tuesday evening, revealing sales fell – sharply – for the third consecutive quarter. As a result, Starbucks (SBUX) took the extraordinary step of suspending its financial guidance for the rest of the year. Under Niccol, Starbucks is also shifting away from targeting its rewards program members to advertising to attract all customers. Starbucks’ full earnings will be released on October 30.

Persons: Brian Niccol, Niccol, ”, I’ve, we’ve, ” Niccol Organizations: New, New York CNN, Starbucks, Global Locations: New York, United States, China

☆ McDonald's explains why it doesn't think its E. coli outbreak will be like Chipotle's in 2015
▼ + stars: | 2024-10-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

McDonald's shared more insights Wednesday into its investigation into a deadly E. coli outbreak. McDonald's said early indicators suggest slivered onions as a likely potential containment, but it couldn't rule out fresh beef. Two ingredients — the slivered onions and fresh beef patties — are being examined as potential sources of contamination. The Chipotle cases involved the handling and preparation of food in restaurants, McDonald's executives said. McDonald's said the slivered onions sold at affected restaurants come from a single supplier and are served raw on the sandwich.

Persons: McDonald's, Chipotle, —, they're, Joe Erlinger, coli, Dominick Organizations: Executives, Service, CDC, NBC, McDonald's, FDA, Business Locations: McDonald's USA

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