McDonald’s Corp.

How chains like McDonald’s and mom and pops cope with inflation

Customers at a McDonald’s restaurant Scott Mlyn | CNBC As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant …

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Restaurant sales are going up. But dining out is on the decline

new York CNN Business — Chain restaurants have been reporting growing sales in the third quarter. But more sales don’t mean more customers. In fact, industry watchers are noticing that foot traffic to restaurants has been falling in recent months. That’s because as inflation eats into consumers’ budgets, many have been cutting back on their …

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Sweetgreen (SG) Q3 2022 earnings miss estimates, stock tumbles

A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of sweetgreen fell 10% in after-hours trading on Tuesday after the salad chain reported a wider-than-expected loss and lowered its full-year revenue outlook. For 2022, the company now anticipates its …

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Sweetgreen tries national dessert — a version of Rice Krispies Treat

Sweetgreen Crispy Rice Treat Source: Sweetgreen sweetgreen is launching its take on Rice Krispies Treats, its first dessert since 2014. The Crispy Rice Treat is available nationwide starting Monday for $2.95. The prepackaged dessert is made with organic brown rice, quinoa, millet and honey-date caramel. It has190 calories and 6 grams of sugar. Sweetgreen co-founder …

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Why Apple raised the price of the iPhone, but not in the US and China

Customer inspects iPhone 14 Pro Max inside an Apple store in Marunouchi, Tokyo. Stanislav Kogiku | SOPA Images | Lightrocket | Getty Images apple‘s newest iPhones, the series 14 models, come with better displays, cameras, and satellite messaging, among other features and updates. But depending on where you live, they also may come with a …

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Investor Ron Baron on investing during periods of entropy

Ron Baron, founder of Baron Capital Anjali Sundaram | CNBC I began my career as a securities analyst in 1970. It was a tumultuous time. The Vietnam War, Watergate, the resignation of President Richard Nixon, the Iranian hostage crisis, a recession, inflation, interest rates in the double-digits, gas prices that had tripled. The only crisis …

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Analyst on what stocks to buy or short in market rally, recession

After October’s stock market rally , investors are debating whether stocks have hit the bottom or if it’s another short-lived bounce. Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth Management, is in the latter camp, arguing that the rally, once again, looks temporary. “I think this is going to play out a little …

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Meta Platforms, Teladoc, Credit Suisse

Check out the companies making headlines in midday trading Thursday. Meta Platforms — The Facebook parent slumped 22.4% after issuing weak guidance for the current quarter and missing earnings estimates for the third quarter. Meta Platforms also shared its second consecutive quarterly revenue, with its Reality Labs unit losing more than $9 billion, and got …

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Meta, Ford, Honeywell, Caterpillar & more

A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters Check out the companies making headlines before the bell. Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported …

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