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☆ OpenAI CEO Sam Altman was paid $76,001 last year
▼ + stars: | 2024-11-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Its CEO, however, was paid a relatively modest five figures at OpenAI in 2023, filings show. OpenAI CEO Sam Altman was paid $76,001 in compensation in 2023 to lead what's now one of the most valuable startups in the world, the company's tax filings for the year showed. During a hearing before a senate judiciary subcommittee in May 2023, Altman said he gets "paid enough for health insurance" and that he receives no equity in OpenAI. Bloomberg estimated in March 2024 that the CEO is worth at least $2 billion, not including any stake he may have in OpenAI. Altman denied during an all-hands meeting with employees that there were plans for him to receive a "giant euqity stake," CNBC reported.

Persons: Sam Altman, what's, Altman, Ilya Sutskever, Chris Clark, Sutskever, Clark, OpenAI Organizations: Microsoft, Census Bureau, Social Security Administration, Bloomberg, CNBC Locations: OpenAI, San Francisco County

☆ SailGP signs Rolex as first title partner of its global sailing competition
▼ + stars: | 2024-11-21 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com time to read: +1 min

SailGP has signed Rolex as the first title partner of its global sailing competition. The self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition. SailGP's series of events, which kicks off its 2025 season in Dubai on Saturday, will now be known as the "Rolex SailGP Championship." "Leading into our fifth season, SailGP is celebrating a period of remarkable growth," said league CEO Russell Coutts. SailGP's global championship features a dozen national teams from the U.S., Italy, Germany and others battling in identical high-tech, high-speed 50-foot foiling catamarans.

Persons: SailGP, Russell Coutts Organizations: Rolex Locations: Dubai, Swiss, U.S, Italy, Germany

☆ Kenya drops over $2.5 billion of Adani deals after U.S. indictment
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: +3 min

Gautam Adani, billionaire and chairman of Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. Under the proposed deal worth nearly $2 billion, the Adani Group was to add a second runway at the Jomo Kenyatta international airport and upgrade the passenger terminal in exchange for a 30-year lease. Representatives from Adani Group did not immediately respond to a request for comment. The Adani Group denied the allegations and said in a statement that it would seek "all possible legal recourse". Senior government officials, including Ruto, had repeatedly defended the deals despite allegations made in 2023 by U.S. short-seller Hindenburg Research - denied by the Adani Group - of improper governance practices at the company.

Persons: Gautam Adani, William Ruto, Ruto, Opiyo Wandayi, George Kamau Organizations: Adani, Port, Kenyan, Jomo Kenyatta, Adani Group, Hindenburg Research, Energy Locations: Port of Haifa, Haifa, Israel, United States, Kenyan

☆ BJ’s Wholesale Club membership fees are going up for the first time in 7 years
▼ + stars: | 2024-11-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —BJ’s Wholesale Club is hiking the price of its annual membership fee for the first time since 2018. The warehouse store chain, a smaller rival to Costco and Sam’s Club, announced Thursday that the cost will increase by $5 to $60 per year for its basic plan. Annual fees have been one of the biggest profit-generating areas for BJ’s, helping it offset expenses to keep its prices down. Meanwhile, Sam’s Club last raised its fees in 2022. The company has fewer stores than its major competitors, and its locations are a little smaller, though BJ’s carries a wider variety of items.

Persons: BJ’s, ’ Organizations: New, New York CNN, BJ’s Wholesale, Costco, Sam’s Club, Sam’s Locations: New York, Westborough , Massachusetts, East Coast, Michigan

☆ Opinion | Don’t Do Trump’s Work for Him on Mass Deportations
▼ + stars: | 2024-11-21 | by ( Dara Lind | ) www.nytimes.com time to read: +1 min

Donald Trump’s team has construed his victory as a mandate for carrying out what it has described as mass deportations. The constraints on a mass deportation operation are logistical more than legal. So the question is not whether mass deportation will happen. It’s how big Mr. Trump and his administration will go, and how quickly. How far are they willing to bend or break the rules to make their numbers?

Persons: Donald Trump’s, Trump, Stephen Miller, Tom Homan, Trump’s Organizations: Department of Homeland Security

☆ At least 42 killed as gunmen open fire on vehicles carrying Shiites in northwest Pakistan
▼ + stars: | 2024-11-21 | by ( Story Associated Press | ) edition.cnn.com time to read: +3 min

The attack happened in Kurram, a district in Khyber Pakhtunkhwa province where sectarian clashes between majority Sunni Muslims and minority Shiites have killed dozens of people in recent months. “I think other people were also firing at the convoy of vehicles from nearby open farm field,” he said. Ibne Ali Bangash, a relative of one of the victims, described the convoy attack as the saddest day in Kurram’s history. Dozens of people from both sides have been killed since July when a land dispute erupted in Kurram that later turned into general sectarian violence. Pakistan is tackling violence in the northwest and southwest, where militants and separatists often target police, troops and civilians.

Persons: Azmat Ali, Aftab Alam, Mohsin Naqvi, Shehbaz Sharif, Asif Ali Zardari, Sharif, Mir Hussain, ”, “, Ibne Ali Bangash, Dilawar Hussain Organizations: Pakistan AP — Gunmen, Local, ”, Shop, Parachinar, Taliban, Baloch Liberation Army Locations: Peshawar, Pakistan, Pakistan’s restive, Kurram, Khyber Pakhtunkhwa, Parachinar, Kurram district, Pakistan's, Balochistan

☆ How Dolly Parton makes and spends her $450 million fortune
▼ + stars: | 2024-11-21 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Parton purchased the Brentwood, Tennessee, home she shares with husband Carl Dean for $400,000 in 1999. Dolly Parton's estate in Brentwood, Tennessee. It's a far cry from her roots: Parton grew up in a two-room log cabin with her parents and 11 siblings in Sevierville. The cabin had no electricity or running water, but Parton remembered her years there fondly in her 1973 song "My Tennessee Mountain Home." Dollywood features a replica of her childhood home built by her brother, Bobby, and furnished by her mother, Avie Lee.

Persons: Parton, Carl Dean, Dolly Parton's, Dolly, Dean, we'd, It's, Carl, Bobby, Avie Lee Organizations: Google, Daily Express, The New York Locations: Brentwood , Tennessee, Mississippi, Tennessee, Sevierville

☆ 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

☆ 5 in-demand jobs that can pay over $100,000 and don't require a bachelor's degree
▼ + stars: | 2024-11-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you're looking for a career that pays well, doesn't require a bachelor's degree and offers strong job security, you might want to consider a job in the skilled trades. Close to a third (35%) of the fastest-growing jobs in the U.S. are in the skilled trades, with more than 1.5 million new jobs expected between now and 2032, according to the latest numbers from the Bureau of Labor Statistics. "As people continue to search for higher-paying jobs with low barriers to entry, blue-collar jobs have had a resurgence in interest — especially among Gen Z," he added. Though many blue-collar jobs don't require a four-year degree, most roles require certifications, licensing and, in some cases, extensive on-the-job training. Here are five in-demand jobs in the skilled trades that pay over $100,000 and don't require a bachelor's degree, according to data from Resume Genius and the Bureau of Labor Statistics:

Persons: Nathan Soto, Gen Organizations: McKinsey & Co, Labor, Bureau of Labor Statistics, CNBC Locations: U.S

In this article MAR Follow your favorite stocks CREATE FREE ACCOUNTMarriott International's business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid layoffs of more than 800 corporate employees and continued sluggishness in China's tourism market. Marriott International reported net room growth of 6% year-on-year and room rate growth of 2.5%, driven by a strong return of group travel, which Capuano called the "bright, shining star" for the business today. The company raised its year-end guidance for net room growth, and added 9 million new Bonvoy members in the third quarter. That measure turned out to be corporate layoffs, first reported by the travel media company Skift on Nov. 14, which later linked to a notice of "mass layoffs" of 833 Marriott employees posted on a Maryland government labor website. watch nowCapuano denied that the company — which doubled in size during the past decade — grew too big, too fast, at least in terms of corporate employees, instead calling the move a much-needed "reorganization" of its global corporate structure.

Persons: Anthony Capuano, Capuano, Leeny Oberg, —, Rather Organizations: Marriott, CNBC, Marriott International, Uber, Starbucks Locations: RevPar, China, Greater China, Maryland, Bethesda , Maryland

☆ Adani Group slams 'baseless' New York fraud and bribery charges
▼ + stars: | 2024-11-21 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. Photographer: Edwin Koo/Bloomberg via Getty ImagesIndia's Adani Group on Thursday denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani, saying all such claims were "baseless." Shares of companies in India's Adani Group plunged after Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. An Adani Group spokesperson said the allegations made by the U.S. Department of Justice and the U.S. Securities and Exchange Commission against directors of Adani Green Energy are "baseless and denied." Following the indictment charges, Adani Green Energy cancelled plans to raise around $600 million through U.S. dollar-denominated bonds.

Persons: Gautam Adani, Adani, Edwin Koo, Sagar Adani, Vneet Jaain, GQG Partners, CNBC's Boon Ping, Dan Mangan Organizations: Adani, Forbes, Summit, Bloomberg, Getty, India's Adani, Energy, U.S . Department of Justice, U.S . Securities, Exchange Commission, GQG, Green Energy, Citi, . Locations: Singapore, India, U.S, New York

☆ CNBC Daily Open: Could Nvidia’s greatest obstacle be itself?
▼ + stars: | 2024-11-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ann Wang | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Even though Nvidia's third-quarter revenue soared 94% on an annual basis, it's a slower pace than Nvidia's growth in the previous three quarters, when sales rose 122%, 262%, and 265%, respectively, as CNBC's Kif Leswing notes. The same goes for Nvidia's forward guidance: A growth of around 70% for current-quarter sales, compared with a year earlier. It appears that investors have enjoyed Nvidia's astounding performance for so long they've become desensitized to it.

Persons: Jensen Huang, Ann Wang, LSEG, University's, Leswing, Samantha Subin, Brian Evans Organizations: NVIDIA Blackwell, Reuters, CNBC, Nvidia, Investors, University's Stern School of Business Locations: Taipei, Taiwan, New

☆ A startup making spy drones being used in Ukraine got a funding injection from NATO
▼ + stars: | 2024-11-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A dronemaking startup whose equipment is being used by the Ukrainian military got a cash injection from NATO. AdvertisementThe company has said its equipment is being used in Ukraine though not which of its models were sent. Drones are used for surveillance, to carry light supplies, for targeting assistance, and as weapons. AdvertisementThe battlefield features drones from around the world, spanning cheap consumer drones, high-end military hardware, and improvised systems. A new £60 million package of military support from the UK-administered International Fund for Ukraine will provide advanced new surveillance drones to support 🇺🇦's Armed Forces.

Persons: Ukraine —, tim e Organizations: NATO, NATO's Innovation, UK Ministry of Defence, Fund Locations: Ukraine, Ukrainian, Portuguese

☆ Home sales jumped in October, and housing demand is set to pick up from here, NAR says
▼ + stars: | 2024-11-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

That's partly due to higher inventory levels, which rose 19% in October compared to last year. Existing home sales rose 3.4% in October, the group said. Sales rose 2.9% year-over-year for the first annual rise since July 2021 when Americans were still in the midst of a pandemic homebuying boom. Despite higher inventory levels, existing home prices have continued to rise, with the median existing home price climbing 4% in October to $407,200. Last week, the 30-year fixed mortgage rate ticked lower but remained elevated at 6.78%, three basis-points higher higher than the 52-week average, according to Freddie Mac.

Persons: Lawrence Yun, Freddie Mac, Yun, Zillow Organizations: National Association of Realtors, NAR, Bank of America Locations: Real

☆ Trump team maps out Latin America strategy as part of mass deportation plan
▼ + stars: | 2024-11-21 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +6 min

Deportation often hinges on diplomacy – and has been a steep challenge for the US when dealing with countries where there are frosty relations. Taken together, it’s a return to a hardline approach meant to get countries receiving deportees to comply and attempt to curb migration. But sources close to and involved in discussions argue they’ve identified the incentives and pressure points to have countries cooperate. The executive actions and reviews underway by the Trump team include the return of the program informally known as “remain in Mexico,” which requires migrants to stay in Mexico during their immigration proceedings in the US. “A second-term Trump administration will expand ‘burden-sharing’ deals with Honduras, Guatemala and El Salvador that cut off pathways to the US for asylum-seekers.

Persons: Donald Trump’s, Trump, it’s, they’ve, Biden, ”, they’re, “ It’s, Claudia Sheinbaum, Trump’s, El, Nayib Bukele, “, Andrew Selee, CNN’s Phil Mattingly Organizations: Washington CNN —, “, Western Hemisphere, Governments, Trump, Northern, Policy Institute Locations: America, United States, Mexico, Panama, Darien, Venezuela, China, Guatemala, El Salvador, Honduras, Angeles

☆ How export finance is taking businesses from local to global
▼ + stars: | 2024-11-21 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +6 min

UK Export Finance's support helps UK businesses tap into global market opportunities. Small businesses like Premier Ship Models can get guarantees to help them access working capital and free guidance on the export finance options available. UK Export Finance (UKEF), the UK government's export credit agency, supports UK businesses to win contracts to export abroad by providing attractive financing terms for buyers, and fulfill those contracts with the help of working capital and trade finance. Since 2020, UKEF has steadily increased its support for small businesses, with more than half of the businesses it assists being small businesses. UKEF can support small businesses through its network of regional Export Finance Managers based around the UK who can provide free and impartial consultations to businesses on their export finance needs.

Persons: UKEF, Tim Reid, Rashid Lalloo, Lalloo, Craig Green, Mike Swift, Reid, — Organizations: Export, UK Export Finance, Models, Export Finance, Premier Ship Models, General Export Facility, Insider Studios Locations: New York, UKEF, Mauritius, Oman, Hong Kong, London

☆ Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.

Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn

☆ Video: See the ‘world’s most expensive banana’ that just sold for $6.2 million
▼ + stars: | 2024-11-21 | by ( Zachary Wasser | ) edition.cnn.com time to read: 1 min

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

☆ Stocks making the biggest moves premarket: Snowflake, Nvidia, BJ's Wholesale and more
▼ + stars: | 2024-11-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of $897 million. Nvidia – Shares of the chipmaker fell around 1% despite its third-quarter earnings results topping Wall Street's expectations . BJ's Wholesale Club – The stock popped nearly 8% after the warehouse club reported a third-quarter earnings beat and raised its full-year guidance. BJ's also announced a plan to repurchase $1 billion shares and said it will raise its membership fee.

Persons: Snowflake, LSEG, – Stocks, bitcoin, Coinbase, Mara Holdings, Baidu, BJ's, Goldman Sachs, —, Sarah Min, Hakyung Kim, Michelle Fox Theobald Organizations: Palo Alto Networks, Nvidia –, –, Baidu, BJ's Wholesale Locations: Palo

☆ Why American Women Are Staying Single, Swearing Off Marriage, Dating
▼ + stars: | 2024-11-21 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

Now, unmarried women are no longer part of an edgy cultural vanguard — they're the official status quo. As of 2021, a record 52% of American women were either unmarried or separated, according to a report by Wells Fargo Economics. Single women also have single men outnumbered: A Census Bureau analysis of 2019 data found that for every 90 unmarried men in the US, there were 100 unmarried women. In a 2019 survey from the Pew Research Center, only 38% of single women reported looking for dates or a relationship, compared with 61% of single men. Even before 1970, it was far from unusual to see American women working for a living.

Persons: Rebecca Traister, Samantha Nation, JD Vance, —, Claudia Goldin, Jess Carbino, Tinder, Gary Becker, Elizabeth Crofoot, Carmindy Bowyer, Bowyer, didn't, truer, Stephanie Manes, Katie Roiphe, Singledom, Paul Dolan, Richard Reeves, Nicholas Eberstadt, Bella DePaulo, DePaulo Organizations: Los Angeles Times, Wells, Wells Fargo Economics, Pew Research Center, of Labor Statistics, Census, Pew, American Enterprise Institute's, Social Locations: Wells Fargo, New York City

☆ It looks like Donald Trump will get to fly on his cut-price Air Force One after all
▼ + stars: | 2024-11-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump renegotiated a deal with Boeing for a new Air Force One in his first term as president. Following years of delays, billions of dollars, and his return to the presidency, Donald Trump is set to fly on the new Air Force One after all. In 2015, the Air Force again chose Boeing to build two new planes, this time based on the larger 747-8. The VC-25B project is known as the "Next Air Force One." Courtesy of the Air ForceWhile the government is paying $3.9 billion for the new jets, Boeing has suffered from the Next Air Force One.

Persons: Donald Trump, Trump, Dennis Muilenburg, Donald J, Boeing's, Joe Biden, Kennedy, Dave Calhoun, wasn't Organizations: Boeing, Air Force One, Next Air Force, Air Force, Force, Trump, ABC, Trump Shuttle, Reuters, Street Journal, Business Locations: Russian, United States

☆ Duct tape banana sells for $6.2 million
▼ + stars: | 2024-11-21 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDuct tape banana sells for $6.2 millionCNBC's Robert Frank joins 'Squawk on the Street' to report on the massive number a crypto founder paid for 'art' of a banana duct taped to a wall Sotheby’s auction.

Persons: Robert Frank

☆ CNBC's Inside India newsletter: Gautam Adani's U.S. fraud charges could have wider repercussions for India
▼ + stars: | 2024-11-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Gautam Adani, chairman of Adani Group, following a Bloomberg Television interview at the company's headquarters in Ahmedabad, Gujarat, India, on Saturday, May 25, 2024. The head of a $25 billion Indian energy company, the former CEO of a New York-listed energy firm, and one of Asia's wealthiest men were set to meet in New Delhi to discuss business. To prepare for the meeting, Vneet Jaain, chief executive of $25 billion Adani Green Energy , photographed a document on his cellphone. There are also concerns about whether Adani companies will be able to raise debt in the future in U.S. markets. Earlier this year, the stock market regulator's chair, Madhabi Buch, was accused of having a conflict of interest while investigating Adani group companies, according to short-seller Hindenburg.

Persons: Gautam Adani, Sumit Dayal, Vneet Jaain, Gautam, Jaain, James Dennehy, Adani, Adani Green, What's, firm's, Matt Orton, Raymond James, CNBC's Tanvir Gill, Orton, it's, India's, Rahul Gandhi, Madhabi Organizations: Adani, Bloomberg, Getty, Green Energy, Eastern, of, NYSE, U.S, Securities Exchange Commission, New York Stock Exchange, SEC, U.S . Department of Justice, Energy, Adani Enterprises, GQG Partners, firm's Sydney, Citi, State Bank of India, DBS Group, DBS, Regulators, Federal Bureau of Investigations, Central Bureau of Investigations, Securities and Exchange Board of India, CNBC Locations: Ahmedabad, Gujarat, India, New York, New Delhi, of New York, U.S, Foreign, Singapore, Madhabi Buch

☆ Ukraine's drone units are inflicting 80% of the frontline casualties on Russia, report says
▼ + stars: | 2024-11-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Its drone units account for 80% of Russian losses, The New York Times reported. Ukraine's drone units now account for at least 80% of Russian frontline losses, The New York Times reported. The outlet reported that small Ukrainian drone teams had become prized targets for Russia. Ukraine's frontline drone units work in small teams, using remotely controlled first-person-view (FPV) drones to surveil and target Russian forces. In October, Ukraine exceeded its annual target of producing a million FPV drones for its military, Lieutenant General Ivan Havryliuk, Deputy Minister of Defense of Ukraine, told RBC-Ukraine.

Persons: Sgt, Maj, Vasyl, Ivan Havryliuk Organizations: New York Times, Times, Russian, Defense, RBC Locations: Russia, US, Ukraine

☆ 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

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