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☆ Some baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.
▼ + stars: | 2024-09-15 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

AdvertisementIt's a story all too familiar for some older Americans: An unexpected health crisis derails their retirement planning. With insufficient help from health insurance or Social Security, medical bills eat up any savings or income they have. Jones, who gets $2,200 a month in Social Security, has had to take on part-time work, which made her ineligible for some federal assistance. She paid for chemo out of pocket, spending her way through her retirement savings and maxing out her credit cards. Amend said it's crucial for older Americans to believe everything will be OK, noting "your mindset perpetuates what your outcome will be."

Persons: —, Kimberly Mullen, Mullen, She's, she'll, Nancy Altman, Saul Martinez, Karen Knudsen, they've, Uber, Wendy Jones, it's, she's, Jones, Teresa Ghilarducci, , Ghilarducci, Rebecca Buffum, Buffum, I'm, Andrew Whitaker, Marion, Robert Papalia, Papalia, Leonard Bianconi, Bianconi, Gallup, Monique Morrissey, haven't, Harris, Morrissey, Frank, Weeks, he's Organizations: Service, Business, Social Security, American Cancer Society, Social, Walmart, Medicare, New School for Social Research, Schwartz, for Economic, Kaiser Family Foundation, BI, Institute, Biden, American Heart Association Locations: Kentucky, North Carolina

☆ McDonald’s $5 value meal is sticking around until December
▼ + stars: | 2024-09-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —The McDonald’s $5 meal deal is staying on menus until December, a sign that inflation-weary customers are devouring value meals recently offered by fast food chains. The Chicago-based fast-food giant announced the $5 meal deal in June. In July, McDonald’s said that the vast majority of restaurants would keep it on the menu until August. The meal features either a McChicken sandwich or McDouble cheeseburger, small fries, 4-piece Chicken McNuggets and a small soft drink. McDonald’s also announced a slew of fall deals — from $0.50 Double Cheeseburgers for National Cheeseburger Day on Sept. 18 to a $2 McCrispy sandwich for National Fried Chicken Sandwich Day on Nov. 9.

Persons: McDonald’s, Chris Kempczinski, Burger, we’re, ” Joe Erlinger Organizations: New, New York CNN, McDonald’s USA Locations: New York, Chicago

☆ BurgerFi files for Chapter 11 bankruptcy
▼ + stars: | 2024-09-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Fast casual chain BurgerFi filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress. BurgerFi, filing for bankruptcy protection in the U.S. District Court for the District of Delaware, said all of its corporate locations will operate normally. Franchise-owned locations are exempt from the bankruptcy filing, the company said in a press release. A common route is Chapter 11 bankruptcy, which allows the company to solve its financial problems through reorganization. According to the bankruptcy filing Wednesday, BurgerFi estimates it had between $100 million and $500 million in liabilities, but only $50 million to $100 million in assets.

Persons: Burger, BurgerFi, andexpected, “, ”, Jeremy Rosenthal, ” BurgerFi Organizations: New, New York CNN, District of, Anthony’s Locations: New York, McDonald’s, U.S, District of Delaware, Florida

☆ I've been to Las Vegas over 50 times. Here are the 9 big mistakes I see most first-time visitors make.
▼ + stars: | 2024-09-10 | by ( Wendy Lee | ) www.businessinsider.com time to read: 1 min

I've been to Las Vegas over 50 times and want others to enjoy Sin City as much as I do. I've been visiting Las Vegas for over 20 years. Wendy LeeWith over 50 visits to Las Vegas under my belt, I consider myself an expert in all things Sin City. Early in our marriage, my husband and I started traveling to Las Vegas every June to celebrate our anniversary. I love Las Vegas, so I'm always disappointed when I hear people complain about it, especially when many of their negative experiences could've been avoided.

Persons: I've, Wendy Lee, I'm, could've Organizations: Las Locations: Las Vegas, Sin, Sin City, Vegas

☆ Nelson Peltz steps down as chair of Wendy's board, starting a new era for burger chain
▼ + stars: | 2024-09-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Nelson Peltz is stepping down as chair of Wendy's , ending a 17-year reign at the fast-food chain. "In our view, [Peltz's departure] opens the door for a new chapter under new Chairman Art Winkleblack & new CEO Kirk Tanner," T.D. He is stepping down to devote more time to his other board commitments and Trian Partners' future activities, according to Wendy's. Heinz, is now non-executive chair of Wendy's board. Clarification: This story has been updated to include the combined ownership stake of Trian and Peltz.

Persons: Nelson Peltz, Wendy's, Kirk Tanner, Winkleblack, T.D, Cowen, Andrew Charles, Peltz, Trian, Heinz Organizations: Alpha, PepsiCo, Trian Partners, Trian Fund Management Locations: New York, Wendy's, Trian

☆ JPMorgan downgrades its opinion on China, but still likes these individual stocks
▼ + stars: | 2024-09-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Instead, JPMorgan increased its overweight recommendations on other emerging markets. Even after the change, JPMorgan still holds 18 China stocks in its global emerging markets model portfolio. The JPMorgan analysts said uncertainties about the China economic outlook range from tensions with the U.S. to "lingering deflation pressure." During three periods of escalating U.S.-China trade tensions in 2018 and 2019, the MSCI China index fell each time, according to JPMorgan China Equity Strategist Wendy Liu. As part of its China stock downgrade, JPMorgan added shares of state-owned utility operator CR Gas , while removing shares of PDD, China Construction Bank and Kingdee International.

Persons: Pedro Martins, Chetan Seth, Jake Sullivan, Kamala Harris, Joe Biden's, Harris, Donald Trump, Wendy Liu, ByteDance, — CNBC's Michael Bloom Organizations: JPMorgan, Wednesday, Sunday, Reuters, Nomura's, Nomura, JPMorgan China Equity, CR Gas, China Construction Bank, Kingdee International, Kuaishou Technology, Meituan, Hong Locations: China, U.S, Nomura's Asia, Japan, Beijing, PDD, Hong Kong, Thursday's

☆ BurgerFi is in big trouble and may go out of business
▼ + stars: | 2024-08-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. Because of the lack of cash, BurgerFi is uncertain if it can continue to operate its 60 pizza stores and 102 burger restaurants. Food prices have also hurt BurgerFi – the company cited a price increase in chicken wings and higher wages for its increase in operating expenses. BurgerFi first rang the alarm in May, when it announced it was going over “strategic alternatives” due to its liquidity challenges. BurgerFi (BFI) went public in 2020, and its stock has dropped almost 60% year to date.

Persons: New York CNN — BurgerFi, Burger, wouldn’t, BurgerFi, it’s, There’s Organizations: New, New York CNN, Anthony’s, SEC, CNN Locations: New York

☆ LVMH CEO Bernard Arnault's family office goes shopping for AI startups
▼ + stars: | 2024-08-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The $220 million round in May, which also included Aglaé, valued H at $370 million, according to the company. While the amounts of Aglaé's investments aren't disclosed, the funding rounds for the AI firms totaled more than $300 million, according to Fintrx. Aglaé also invested in a $25 million seed round for Lamini, a Palo Alto, California-based startup building enterprise AI applications. Aglaé joined Susquehanna to invest in the $27 million seed round for Toronto-based Borderless AI, a human resource management platform. Arnault and his family are, however, big art collectors, and Aglaé was an investor in a $9.5 million funding round for LaCollection, a digital art platform.

Persons: Google's, Wendy, Eric Schmidt, Aglaé, Arnault, Robert Frank Organizations: Accel Partners, Google, CNBC, Fintrx, Aglaé Ventures, Susquehanna, Toronto, Music Media, Back, Netflix, Spotify Locations: Palo Alto , California, New York, Photoroom, France, Paris, Sonarverse, Irvine , California, San Francisco, French, LVMH, Airbnb

☆ Starbucks is struggling. So it hired fast food’s Mr. Fix-It
▼ + stars: | 2024-08-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Brandon Bell/Getty ImagesSo, starting next month, fast food’s fix-it man will work to turn around Starbucks as its new CEO, the company announced on Tuesday. Starbucks’ sales have fallen for two straight quarters. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company-operated stores in the United States. Restaurant analysts say that Starbucks, which has historically done less television advertising than rivals, will use marketing to try to improve customers’ perceptions of Starbucks’ brand and prices. Niccol succeeded adding new menu items to Chipotle, and he will “enable Starbucks to better succeed with menu innovation,” says Charles.

Persons: Chipotle, Brian Niccol, Niccol, carne asada, pollo, Brandon Bell, ” RJ Hottovy, they’re, Bebeto Matthews, ”, Tom Cook, Casey, Mark Lennihan, Cowen, Andrew Charles, Charles Organizations: New, New York CNN, Taco Bell, Starbucks, Investors, CNN Locations: New York, Taco, Chipotle, Mobile, United States

☆ Annual inflation rate slows to 2.9% in July, lowest since 2021
▼ + stars: | 2024-08-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations. The annual rate is the lowest since March 2021, while the core is the lowest since April 2021, according to the Bureau of Labor Statistics report. A 0.4% increase in shelter costs was responsible for 90% of the all-items inflation increase. Food prices increased 0.2% while energy was flat.

Persons: Joe Raedle, Dow Jones Organizations: Getty, Labor Department, Bureau of Labor Statistics Locations: Miami , Florida

☆ How Elon Musk has turned X into a pro-Trump machine
▼ + stars: | 2024-08-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

But now Musk, who is not only the owner but also the most followed user on X, has shifted to more direct campaigning for former President Donald Trump. Musk announced his official endorsement for Trump in a post last month that received 2.3 million likes. Weeks after it was posted, the video is not labeled with a “community note,” X’s community fact-checking feature that Musk used as justification for slashing the company’s trust and safety team. In a letter, the secretaries urged Musk to “immediately implement changes” on the X platform. But on Monday night, Musk offered to take a role in the potential future Trump’s administration helping to rein in government spending.

Persons: Elon Musk, Donald Trump, Musk, He’s, Hunter, Trump, YOU, Trump’s, “, Elon, ” Trump, Kamala Harris, doesn’t, ” Wendy Weiser, Brennan, Harris, ”, ” Weiser, Kamala, …, White supremacists, X, Musk’s, chatbot, Harris ’, ” Lara Cohen, informercial, he’s, ” Musk, “ I’d Organizations: New, New York CNN, Elon, Twitter, Biden, White, Trump, CNN, Fake News, Fake News Media, Center, “, Brennan Center for Justice, NYU Law School, Democratic, Street Locations: New York, United Kingdom

☆ What are the best galleries in New York? Artists choose their favorites
▼ + stars: | 2024-08-12 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

CNBC asked artists to name their top New York galleries, ranging from the well-known to the underground. London-based screen-printing artist Diego Arellano likes Manhattan's Chelsea galleries for their large rooms and high ceilings. Hauser & Wirth has two Chelsea galleries, and both are currently showing work by Hungarian-born U.S. artist Rita Ackermann. The Dia Chelsea gallery in New York City will show an exhibition by British filmmaker Steve McQueen in September. Dia Chelsea | Elizabeth FelicellaBrooklyn resident and artist Zhuo Xiong also favors Chelsea galleries.

Persons: Sean Zanni, Patrick Mcmullan, Diego Arellano, Dia, Arellano, Dia Chelsea, Steve McQueen, Wirth, Rita Ackermann, The Dia, Elizabeth Felicella, Zhuo Xiong, Chelsea —, David Zwirner, Xiong, Wendy Olsoff, Penny Pilkington, Edward Akrout, Akrout, Sasha Maslov, Solomon, Eugene Gologursky, Kate Lewis, Matisse, Hopper, Degas, Henri Matisse, Edgar Degas, Edward Hopper, Lewis, Whitney, Metropolitan Museum of Art Xiong, —, gallerists Akrout, Rob Kim Organizations: Whitney Museum of American Art, Getty, Metropolitan Museum of Art, of Modern Art, Art Newspaper, CNBC, Chelsea, Hauser & Wirth, Hauser, The, Tribeca, New, Arellano, Whitney, MoMA, Guggenheim, Whitney Museum of American, Guggenheim Museum, Solidarity, Museum of Modern Art, Maison, Broadway, Swiss Institute Locations: New York City, York, New York, London, Hungarian, The Dia Chelsea, British, Elizabeth Felicella Brooklyn, Chelsea, Tribeca, Ukraine, Mriya, Meatpacking, Manhattan, Midtown, Inner Mongolia, Chinatown, East, Chinatown , New York

How Online Hatred Toward Migrants Spurs Real-World Violence Social media posts assailing immigrants have fomented a climate of fear and hatred in Britain, Portugal and other countries. It followed months of vitriol on social media that came not only from disgruntled Portuguese, but also from prominent far-right figures inside and outside the country. “It’s not up-to-date for the social media age,” Leo Varadkar, the prime minister then, said. Asked whether he believes his social media posts contribute to violence, Mr. Robinson responded: “I believe the teachings in the Koran contribute to violence. July 29 1:42 p.m.Not much info yet, but it will be a Muslim culprit followed by violence protests 1:49 p.m.

Persons: ”, Rita Guerra, Patience, ” Lee Marsh, “, Elon Musk, X, Musk, TikTok, we’re, ” Tommy Robinson, Donald J, Trump, Joel Finkelstein, Tony Craig, “ It’s, —, ” Leo Varadkar, He now, Ro, rie, Marc, iona, Robinson, e, ari, rance Organizations: YouTube, Spurs, Center for Psychological Research, Italy British, Protesters, Sunderland, PA, Agence France, Institute for Strategic, Elon, Meta, The New York Times, National, Counterterrorism, Security, Network, Research, Staffordshire University, Reuters, Ireland, unc, rit Locations: Portugal, Portuguese, Lisbon, Porto, Britain, Germany, Ireland, Europe, Southport, Liverpool, Syrian, Wales, Italy, The Netherlands, Greenwich, London, United States, Russia, Netherlands, Leeds, Chester, New Jersey, England, Algeria, Dublin, Coolock

☆ Restaurant Brands revenue tops estimates, fueled by Tim Hortons
▼ + stars: | 2024-08-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Restaurant Brands International on Thursday reported quarterly revenue that beat analysts' expectations, fueled by better-than-expected sales at Tim Hortons and the company's international restaurants. Shares of Restaurant Brands rose 3% in morning trading. Out of Restaurant Brands' four chains, Tim Hortons performed the best, with same-store sales growth of 4.6%. For the second half of the year, Restaurant Brands is expecting same-store sales growth of roughly 2%. Two days before the quarter ended, Restaurant Brands completed its acquisition of Popeyes China, which will be included in its results next quarter.

Persons: Tim Hortons, Josh Kobza, we've, Popeyes, Burger, Kobza Organizations: Lakeside, United Kingdom . Restaurant Brands, Brands, LSEG, Burger King, U.S, Firehouse, Burger, Restaurant Brands, Holdings Locations: Grays, United Kingdom, Burger, Brazil, Australia, Japan, China, Carrols

☆ 10 fast-food menu items you didn't know were more than 50 years old
▼ + stars: | 2024-08-07 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Many popular fast-food items were invented decades ago and remain unchanged. Other fast-food chains have similar menu items from when they first opened. Go to newsletter preferences Thanks for signing up! AdvertisementMany chains are experimenting with new menu items, like Taco Bell's lineup of Cheez-It items, as well as expanding upon old favorites — think Burger King's Fiery Bacon Whopper or Wendy's new saucy nuggets. While introducing new and exciting menu items is one way to grab a customer's attention, there's also something to be said for chains keeping their oldest, most popular menu items at the forefront of their businesses.

Persons: —, there's Organizations: Service, Business

☆ Taco Bell could hold the secret formula for bringing customers back to fast food
▼ + stars: | 2024-08-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Fast food giant Yum Brands is going all in on value — but only Taco Bell is performing well enough to immediately bring back inflation-weary customers. But Gibbs said Taco Bell is outperforming its rivals in the fast food industry. “I think we’re really seeing Taco Bell stand out from the crowd,” he said to investors. Of the three, only Taco Bell’s US same-store sales grew in the second quarter of 2024, at 5%. The earnings call highlighted how fast food and fast casual chains are struggling to retain customers who believe it is cheaper to just eat at home.

Persons: Taco Bell, David Gibbs, Gibbs, ”, Chipotle, Taco, ” Gibbs, YUM, Chris Turner, Burger, Bell, Lawrence Kim, Yum, CNN’s Clare Duffy Organizations: New, New York CNN, Yum Brands, KFC, Taco, ! Brands, CNN Locations: New York, East, Malaysia, Indonesia, Israel

☆ Black people with Parkinson's are underdiagnosed, miss treatment
▼ + stars: | 2024-08-04 | by ( Elizabeth Cohen | Elizabeth Cohen Is A Contributor For Kff Health News. | ) www.nbcnews.com time to read: +6 min

A few years ago, the organizers of one of the largest U.S. exercise programs for people with Parkinson’s disease realized they had a problem: Most of the students were white. But people who run Parkinson’s exercise programs in a handful of U.S. cities describe great difficulty in recruiting Black people. Johnson said his Chicago-area initiative offered a free six-month exercise program for Parkinson’s patients and increased marketing in the Black community but got little traction. When a white person shows up at the doctor’s office with such symptoms, a doctor would likely recognize them as signs of Parkinson’s, said Bernard Coley, an advocate for people with Parkinson’s disease, especially those in underengaged communities. After his less-than-successful efforts to recruit Black Parkinson’s patients into his exercise program in Chicago, Johnson concluded that the fact that he’s not Black is an “important factor.”Leventhal, who runs the Parkinson’s exercise program in New York, has come to the same conclusion.

Persons: “ We’re, who’s, ”, David Leventhal, Mark Morris, New York City . Leventhal, Leventhal, it’s, ” Leventhal, Eddie Marritz, Parkinson’s —, Eric Johnson, Johnson, “, Bernard Coley, Coley, Amber Star Merkens, ” Coley, Wendy Lewis, Tammyjo, Black, he’s, puller Organizations: Mark Morris Dance Group, New York City ., Mark Morris Dance, Yale, Movement, Parkinson’s, Nature, Parkinson’s Foundation, Parkinson Council, Emory University, KFF Locations: U.S, New York City, Chicago, California, Philadelphia, Atlanta, New York

With nearly three-fourths of the S & P 500 reporting second-quarter results, the earnings picture for the back half of the year is looking unusually complicated. It's been a 'meh' quarter so far We have the usual beat on bottom-line earnings, but revenue beats are below expectations. Most companies are beating on earnings estimates but are declining to hike full-year guidance beyond the beat. Plenty of complaints about a slowing China consumer A weak China economy has been a significant headwind for a number of global companies this season. Procter & Gamble's China sales tumbled 8% from a year ago as consumer spending slowed.

Persons: It's, Sherwin, Williams, Lockheed Martin, Chipotle, Isaac, CDW, Clorox, – Hershey, Kraft Heinz, Mondelez, General Mills, Smucker, McDonald's, Wendy's, Bob, Wyndham, Mills, Marriott, LVMH, haven't Organizations: GE Aerospace, Hasbro, Lockheed, Verizon, Mattel, IBM, Juniper Networks, Enphase Energy, NXP Semiconductors, Accenture, Oracle, Procter, Gamble, PepsiCo, ConAgra Brands, Bank of America, MGM Resorts, Comcast, Marriott, Airlines, Allegiant, Ryanair, Gamble's, Starbucks, Visa, Nike, Vegas Sands Locations: J.M, Atlantic City, China, Gamble's China, Greater China, Japan, Macao, Marina, Sands, Singapore

☆ 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

☆ Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year
▼ + stars: | 2024-07-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Yum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year. In May, executives said Taco Bell would expand its pilot of voice AI from five locations to 30 restaurants in California. Currently, more than 100 Taco Bell restaurants in the U.S. use voice AI. Taco Bell had nearly 7,700 U.S. locations at the end of 2023, according to company filings. Five KFC restaurants in Australia are also testing voice AI tech in drive-thrus, Yum Brands said.

Persons: McDonald's, Taco, Taco Bell, Lawrence Kim Organizations: Yum Brands, Taco Bell, IBM, Brands, Yum, KFC Locations: U.S, White, Chicago, California, Australia

☆ IHOP is bringing back $5 all-you-can-eat pancakes
▼ + stars: | 2024-07-31 | by ( Erika Tulfo | ) edition.cnn.com time to read: +2 min

CNN —It’s a summer for single-digit dollar deals as IHOP and Denny’s join other big-name food chains in offering value menu options. IHOP announced this week that it is bringing back its $5 all-you-can-eat pancake deal. IHOP announced the same promotion with much fanfare around the same time last summer as part of its 65-year anniversary. He says that IHOP’s dine-in only deal is meant to spur customers into returning to stores. “As a restaurateur, you hope that they’re not just taking advantage of the deal, they’re buying extras, they’re adding on sausages or some other breakfast meat.”

Persons: CNN —, Denny’s, IHOP, Taco, ”, David Henkes, Henkes, IHOP’s, they’re Organizations: CNN, Taco Bell, KFC, McDonalds Locations: Technomic

☆ Diageo sales slump as consumers ditch Johnnie Walker whisky and Casamigos tequila
▼ + stars: | 2024-07-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Diageo, one of the world’s biggest drinks makers, has reported its first drop in sales since the pandemic, as cash-strapped consumers cut back on spending. The maker of Johnnie Walker whisky, Casamigos tequila and Guinness beer is the latest consumer business to report a hit to sales as inflation and high interest rates take a bite out of household budgets. On Monday, McDonald’s (MCD) said global sales fell for the first time since 2020 as fewer customers visited the fast-food chain’s restaurants. Sales of Johnnie Walker fell by 2% globally, and by 10% in North America, the company’s largest region. That demand has since declined, while higher inflation and interest rates have left consumers with less to spend on luxuries.

Persons: Johnnie Walker, Burger, Debra Crew, George Clooney, Aarin, Hargreaves Lansdown, ”, Smirnoff, “ That’s, Pernod Ricard, Jameson, Tequila — Organizations: London CNN, Diageo, Starbucks, DEO, “, International Organisation of Vine Locations: America, Caribbean, North America, London

☆ Norah O’Donnell to Exit ‘CBS Evening News’
▼ + stars: | 2024-07-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

New York CNN —Norah O’Donnell will step down as anchor and managing editor of CBS Evening News following the November election, the veteran journalist told colleagues Tuesday in a memo. O’Donnell, who has helmed the venerable evening news program for nearly five years, will transition to a new role as senior correspondent after the election, contributing stories and “big interviews” across CBS’ platforms and shows. In a note to staff Tuesday, O’Donnell said that while she has cherished her time as anchor of CBS Evening News, it was time for a change. “I have spent 12 years in the anchor chair here at CBS News, tied to a daily broadcast and the rigors of a relentless news cycle,” O’Donnell wrote. Earlier this month, CBS parent company Paramount Global announced plans to merge with Skydance Media and a major leadership change.

Persons: Norah O’Donnell, O’Donnell, ” O’Donnell, “, Ingrid Ciprián, Matthews, ” O ” Donnell, Wendy McMahon, ” McMahon, Norah, Neeraj Khemlani, Brian Williams Organizations: New, New York CNN, CBS, CBS Evening, CBS News, Paramount Global, Skydance Media, CBS Media Ventures, CBS Network, Paramount, Sunday, CNN, NBC Nightly Locations: New York

☆ Americans keep turning their backs on McDonald’s
▼ + stars: | 2024-07-29 | by ( David Goldman | ) edition.cnn.com time to read: +5 min

CNN —Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. The tough environment for McDonald’s wasn’t limited to the United States: Sales at stores open for at least a year fell 1% globally. The plan focuses on value meal plans like the popular $5 meal introduced earlier this summer. He pointed to McDonald’s new emphasis on chicken, which is now on par with beef sales at restaurants. Whether or not that viral post was the final straw for McDonald’s customers, Americans have been punishing the company ever since.

Persons: McDonald’s, McDonald’s isn’t, Grimace’s, ”, Chris Kempczinski, hadn’t, Kempczinski, “, ” Kempczinski, — Organizations: CNN, Inflation, McDonald’s Locations: Burger, United States, Connecticut

☆ I tried the signature burgers from McDonald's, Wendy's, and Burger King. I found the Big Mac underwhelming.
▼ + stars: | 2024-07-28 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I tried the signature burgers from three fast-food chains: McDonald's, Wendy's, and Burger King. I liked the smoky flavor of Burger King's Whopper, even though it was the priciest burger. AdvertisementAs a fast-food reporter, I've tried and tested many fast-food burgers over the years. USA Today reported in 2013 that McDonald's sold roughly 75 burgers every second, or 4,500 burgers every minute. Among those burgers, many of them are Big Macs — the chain's signature burger and arguably its most famous menu item.

Persons: Burger King, Mac, —, I've, McDonald's Organizations: Service, USA, Business Locations: America

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