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Why Americans are snubbing McDonald’s and Starbucks
  + stars: | 2024-07-31 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —On the surface, it looks like Americans are laying off the Big Macs, booze and even — gasp! On Monday, McDonald’s reported sales fell 0.7% in the US from the same period in 2023. The once reliably cheap McDonald’s pushed its prices up, while sit-down restaurants leaned into value and convenience. Applebee’s, for one, made a direct pitch to the hordes of ticked-off McDonald’s customers who felt the chain had abused its pricing power. Now, McDonald’s is trying to win back poorer customers while appealing to more affluent customers who want something new.
Persons: CNN Business ’, McDonald’s, Johnny Walker, It’s, it’s, they’re, , RJ Hottovy, Jonathan Maze, I’m, , Chili’s, , Taylor Swift Organizations: CNN Business, New York CNN, Starbucks, Diageo, Restaurant Business, Dine Brands, CNN Locations: New York, United States, North America, Texas, Paris
But it can really, really help. To do that, I collect large-scale data in the course of people’s everyday lives … That’s kind of the 100,000-foot view. And I think that’s the kind of thing that doesn’t really stop at any magic threshold. I think people need to think about this more of kind of like a happiness portfolio. And oh, by the way, getting some daily exercise, not living in an environment that’s really polluted, that would be good.
Persons: CNN Business ’, there’s, Matt Killingsworth, Mo, Killingsworth, jk, I’ve, Reagan, we’re, it’s, don’t Organizations: CNN Business, New York CNN, University of Pennsylvania’s Wharton School Locations: New York, what’s
While multiple officers were charged in connection with the massacre, Calley was the only one convicted. “Calley and his men rounded up these civilians and then Calley ordered his men to kill them.”The massacre lasted for hours. A ditch in My Lai village, Vietnam, where US troops killed Vietnamese civilians on March 16, 1968. Kham/ReutersThe fragile lineThousands of miles away and 30 years later, those who lost loved ones in the My Lai massacre would tell CNN they were never truly able to move on. “There is not a day that goes by that I do not feel remorse for what happened that day in My Lai,” Calley said, according to the Columbus Ledger-Enquirer.
Persons: William L, Calley Jr, Calley, Charlie, Lai, , Bill Allison, ” Allison, , Fred Borch, Borch, Charlie Company –, ” Calley, , ” Borch, “ Calley, Brad Lendon, Hugh Thompson, Thompson, he’d, “ Thompson, Ron Ridenhour, Seymour, Allison, Fort Moore, Calley’s, Richard Nixon, Nixon, ” Thompson, Lawrence Colburn, Nguyen Chung, Calley –, – Borsh Organizations: CNN, Army, The Washington, Social Security Administration, Charlie Company, Loan, Georgia Southern University, US Army, American Army, US, General’s Corps, House Armed, 11th Brigade, Armed Services Committee, Military, Gallup, The New York Times, Associated Press, Kiwanis Club, Greater, Columbus Ledger Locations: Gainesville , Florida, Vietnam, Saigon, My Lai, South Vietnam, Viet, Geneva, Lai, Fort Benning, Kham, Greater Columbus, Georgia
She’s won gold in the 800 three times and gold in the 1,500 twice – and hasn’t been defeated in those races in any of the Olympics that she’s entered. The Australians medaled in all four medal races on Saturday to the Americans’ three. But in the last race of the night, the American men’s 4X100 freestyle team took back the momentum by winning Team USA’s first gold of the Olympics. It had been 12 years since the French won a medal in swimming. Dressel has won gold in every Olympic event he’s entered so far in his career.
Persons: Katie Ledecky, She’ll, She’s, hasn’t, she’s, Ariarne Titmus, USA’s, Leon Marchand, Michael Phelps, Marchand, Caeleb Dressel, Dressel, he’s Organizations: New York Times, Tokyo Olympics, Australians, Games, French Locations: Paris, American
Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.
Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, , hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley
There are ways to attend a wedding and stick to a tight budget. Wedding events, like a bridal shower or dress shopping can start far before the nuptials. "Consider which wedding events are must-attend and which ones you could skip to save on costs," she says. Consider which wedding events are must-attend and which ones you could skip to save on costs. "This is a nice option whether or not you're on a tight budget," she says.
Persons: X, Allison Cullman, Zola, they'd, Hannah Nowack Organizations: of America, CNBC, Zola
New York CNN —Donald Trump didn’t need to do much to win over crypto investors, who are used to being treated like the problem children of the financial world. They’re tinkering in the shadows, doing a thing most normies either don’t understand and/or believe is a scam. “Bitcoiners are looking for political validation after years in the wilderness,” said Eric Soufer, a political adviser to major crypto companies. But running against Vice President Kamala Harris, now the presumptive Democratic nominee, may change the calculus. It’s not clear why Trump has shown a sudden adoration for digital assets when he pooh-poohed it during his presidency.
Persons: CNN Business ’, Donald Trump, , , Eric Soufer, ” Trump, Trump, Marc Andreessen, Joe Biden, Gary Gensler, Kamala Harris, Biden, Harris, Harris ’, Mark Cuban, Cuban, didn’t, Brian Hughes, “ Trump, unAmerican Crypto, ” Harris, Crypto, Molly White, It’s, , Steve Contorno Organizations: CNN Business, New York CNN, Republican, Big Tech, Securities, Exchange Commission, Democratic, Politico, Trump, CNN, Democrats, Republican Party, GOP, Republicans, Fox Business Locations: New York, Nashville
New York CNN —Federal prosecutors in California on Friday charged prominent investor Andrew Left with multiple counts of securities fraud involving “a long-running market manipulation scheme” yielding at least $16 million in profit. Short-sellers, including Left, often present themselves as researchers sniffing out misleading or fraudulent businesses through independently published reports on their targets. Left, 54, was charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count of making false statements to federal investigators. Each securities fraud count carries a maximum prison sentence of 20 years. Separately, the SEC on Friday accused Left and his firm of running a $20 million scheme to defraud his social media followers by publishing false and misleading reports.
Persons: Andrew Left, , Citron, Left, ” Citron, Organizations: New, New York CNN, Federal, Justice, Left, Citron Research, Enron, Securities and Exchange Commission, SEC Locations: New York, California
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Read previewCreator-commerce company LTK launched this week a shoppable full-screen short-video feature to compete with platforms like YouTube, TikTok, and Amazon in social shopping. The video feature lives on the LTK app and can be found on a creator's LTK account. AdvertisementAlongside the full-screen video feature, LTK is also releasing a feature called Daily Drops in the coming weeks. And, creator videos on LTK have averaged 64% more click-outs to retailers. Many fashion, beauty, and lifestyle creators have shoppable profiles with LTK, and users are accustomed to scrolling through the app to shop.
Persons: , LTK, It's, it's, Allison Yazdian, Yazdian, hasn't Organizations: Service, Business, YouTube, Shoppers, Amazon Locations: Dallas
CNN —Jennifer Aniston is criticizing JD Vance for comments he made in his past about women without children. “All I can say is… Mr. Vance, I pray that your daughter is fortunate enough to bear children of her own one day,” Aniston wrote on her Instagram stories. The ship has sailed.”Aniston’s passionate words about Vance’s comments come from a personal place, as the “Friends” star has personal experience being judged for not having children. (The video Aniston reposted was shared by actress Allison Janney.) CNN has reached out to Aniston’s representative for further comment on her post about Vance and her apparent endorsement of Harris.
Persons: Jennifer Aniston, JD Vance, Aniston, , Tucker Carlson’s, Vance, Carlson, they’ve, “ It’s, Kamala Harris, Pete Buttigieg, we’ve, ” Aniston —, , Mr, ” Aniston, , , Harris, Brett Kavanaugh, Allison Janney Organizations: CNN, Fox News, Ohio Senate, Biden Locations: United States, , Hollywood
Anu Duggal, a founding partner of Female Founders Fund, launched the event during the pandemic to assuage some of the loneliness founders felt. AdvertisementEmily Middleton and Anu Duggal of Female Founders Fund share a laugh onstage during their opening remarks. Yumi Matsuo StudioSince its pandemic beginnings, Camp FFF has evolved into a rare and necessary sanctuary where female founders can connect and sometimes commiserate. Yumi Matsuo StudioIn the tasting room, guests set down cups of cold brew and picked up notebooks before taking their seats. Anu Duggal of Female Founders Fund traded the venture capital uniform of a Patagonia fleece vest for a flamingo-pink pantsuit.
Persons: , Candace Bushnell, Anu Duggal, Lydia Fenet, Emily Middleton, Yumi Matsuo, Middleton, ChatGPT, Poppy Harlow, Kyle Leahy, Glossier's, Emily Weiss, Leahy, Taylor Swift, Matsuo, Arey, Allison Conrad, Melanie Goldey, Amanda E, J Morrison, Julie Products, Hayley Barna, Barna, Birchbox, Christie Horvath, Horvath, Stephanie Horton, Marina Organizations: Service, Fund, FFF, Business, Tally Health, Google Locations: Southampton , New York, Patagonia
Eleven of those Chinese swimmers are due to compete again in Paris, and many of their rivals are preparing to go against them with a sense of bitter resignation. Rob Koehler, director of international sports advocacy group Global Athlete, told CNN that they are already anticipating the worst. In a statement, WADA stood by its previous decision-making and said an independent prosecutor had confirmed that its conclusions were reasonable. He said athletes feel as though World Aquatics and the World Anti-Doping Agency have failed them and that nobody outside of the sport is paying attention. While none of those swimmers want to publicly comment on the situation ahead of the Games, Koehler believes that they will publicly protest if any one of the 11 Chinese athletes win a medal.
Persons: Rob Koehler, , , ” CHINADA, Witold Bańka, WADA, “ WADA, Travis Tygart, Michal Phelps, Allison Schmitt, Koehler, Australia’s Mack Horton, Sun Yang, “ CHINADA, ” Koehler Organizations: CNN, Olympic, New York Times, Tokyo Olympics, Global, Tokyo, Doping Agency, CHINADA, ” CNN, Agency, US Justice Department, Games, Aquatics, International Olympic, Service Locations: Paris, United States, American, China
“So this is going to be incredibly painful for CrowdStrike customers.”And even if your business had nothing to do with CrowdStrike, the outage still might have ruined your day. You didn’t have to be a CrowdStrike customer to get screwed by the company’s mistake, and that’s what made Friday’s outage so frustrating. But the scale of the CrowdStrike outage is once again underscoring just how interconnected the world has become through a network almost none of us understands and which is largely self-regulating. Microsoft estimated the CrowdStrike outage affected some 8.5 million Windows devices. “Our tech platforms have a mix of legacy systems coupled with modern systems, which means that the weakest link determines the overall system performance.
Persons: CNN Business ’, — didn’t, you’ve, CrowdStrike, Brian Fung, , Kevin Beaumont, underscoring, Stuart Madnick, Anil Khurana, ” Khurana, Khurana, Madnick, it’s Organizations: CNN Business, New York CNN, Blue, Microsoft, MIT Sloan School of Management, Airlines, Baratta Center, Global Business, Georgetown’s McDonough Business School, Boeing, JPMorgan Locations: New York
Video: Who is Doug Emhoff, the second gentleman?
  + stars: | 2024-07-23 | by ( Allison Love | ) edition.cnn.com   time to read: 1 min
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CNN —The Greek Islands, known for their idyllic towns, rugged landscapes and sun-baked beaches, are in the grip of a serious crisis. “They combine lack of water resources — shallow aquifers, rare rivers or dams — with a tremendous rise in water demand during summer,” he told CNN. Kottakis blamed the crisis on Leros on a failure to maintain the island’s two desalination units, which are both in disrepair. Tourism is “unsustainable and zero-planned,” which is leading to a tremendous rise in water demand, said Mylopoulos, the university professor. Multiple wildfires raged and at least six tourists, including British TV presenter and doctor Michael Moseley and an American tourist, died as high temperatures scorched the Greek islands.
Persons: , Dimitris Lianos, Lianos, what’s, Stelios Misinas, Nikitas Mylopoulos, Kostas Lagouvardos, Panagiotis, Krontiras, ” Kottakis, Timotheos Kottakis, Kottakis, Mylopoulos, Michael Moseley, Vassilis Psomas, ” Krontiras, ” CNN’s Allison Chinchar, Brandon Miller, Sara Tonks Organizations: CNN, Reuters, University of Thessaly, National Observatory of, Farmers, Greek Navy Locations: Crete, Kefalonia, Naxos, Prokopios, Greece, Cycaldes, , National Observatory of Athens, Panagiotis Krontiras, Tinos, , Lagouvardos, British, American, Sofiko, Corinth, Greece's Peloponnese
Faith Kipyegon on motherhood and the quest for history
  + stars: | 2024-07-22 | by ( Sean Coppack | ) edition.cnn.com   time to read: +5 min
Kipyegon and a string of top athletes are continuing to prove that elite sport and motherhood are not incompatible. “[Jamaican sprinter] Shelly Ann Fraser Pryce came back after maternity leave, and [US runner] Allison Felix, and we met in Tokyo at the 2021 Olympic Games,” she recalls. At those Games, Felix won a gold and a bronze and Fraser-Pryce won silver to become the most decorated 100m sprinter in Olympic history. Courtesy NN Running TeamThe Kenyan's training regime for the Paris Games has been intense, and partially under the mentorship of men's marathon legend Eliud Kipchoge. “Going to Paris and remembering the history I’ve talked about and getting that gold medal, it’ll be a huge history for me,” she says.
Persons: Kipyegon, , it’s, Kipyegon’s, Alyn, Eliud Kipchoge, ” Kipyegon, , Shelly Ann Fraser Pryce, Allison Felix, Felix, Fraser, Pryce, he’s, Eliud, Aurelien Meunier, it’ll Organizations: Kenya CNN, Paris, those Games, Paris Games, Kenyan Olympic, Diamond League, Olympic Games Locations: Kenya, Kaptagat, Tokyo, Paris, Europe, Ndabibit
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But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, , Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin
Single men spend $442 per wedding compared to partnered ones who spend $254. On average, single people spend $273 more to go to a wedding than those in a relationship. "Ubers to wedding events covered by one person, rather than multiple, will put a greater financial burden on that single person," she says. 'Consider which wedding events are must-attend'There are ways to curb spending as a wedding attendee, Cullman says. "Consider which wedding events are must-attend and which ones you could skip to save on costs," she says.
Persons: Dana Saydak, she's, Saydak, CouponBirds, Allison Cullman, Hannah Nowack, Ubers, Zola, Sarah Pearlman, Pearlman, that's, Cullman, aren't, Nowack, Jen Glantz, Glantz Organizations: CNBC, Zola, Hire Locations: Chicago, Boston, India
New York CNN —Corporate America gave social activism a go. And sales of Bud Light have taken a hit ever since. Bud Light didn’t handle fallout well — it capitulated to the angry mob and dropped Mulvaney even as she faced a barrage of threats. It caught fire as right-wing media fueled the swirl of negativity around Bud Light, framing it as “wokeism” gone amok. On Thursday, the Guardian reported that the Bud Light boycott was fueled in part by the right-wing activist Leonard Leo.
Persons: CNN Business ’, Bud Light, America John Deere, Kara Swisher, ” Let’s, George Floyd, ” —, Larry Fink, We’d, Reagan, That’s, Disney’s, Bob Chapek, Ron DeSantis, influencer Dylan Mulvaney, , Bud, Leonard Leo, Leo Organizations: CNN Business, New York CNN — Corporate America, Tractor, Pride, CNN, BlackRock, Business, Corporate America, Florida’s Republican Gov, Guardian, Bud Light, Anheuser, Busch, Federalist Society, America Locations: New York, America
That suggests Crooks may have been looking to carry out a high-profile shooting, and the Trump event’s proximity and timing offered the most accessible opportunity, federal officials have speculated. Crooks had also searched for information on another recent mass shooter who shot and killed four classmates at a Michigan high school in 2021. Obtained by CNNBut there are also significant differences between Crooks’ behavior and that of a typical mass shooter. Nearly seven years after America’s deadliest mass shooting, investigators still do not know why Paddock pulled the trigger. You want every detail you can find.”CNN’s Scott Glover, Allison Gordon and Holmes Lybrand contributed to this report.
Persons: Donald Trump, Thomas Matthew Crooks, Crooks, who’ve, Joe Biden, Trump, didn’t, Ethan Crumbley, Kathleen Puckett, ” Ted Kaczynski, ” Puckett, Stephen Paddock, Paddock, , Juliette Kayyem, Crooks ’, Mary Ellen O’Toole, , Puckett, , it’s, ” CNN’s Scott Glover, Allison Gordon, Holmes Lybrand Organizations: CNN, Democratic National Convention, Trump, Department of Homeland Security, US Secret Service, FBI Locations: Pittsburgh, Michigan, Las Vegas, Vegas
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