McDonald’s ‘$5 Meal Deal’ appears to be bringing back bargain-hungry customers amid broadly higher post-pandemic food prices. The fast-food giant reported profit and sales Monday that missed analysts’ expectations, acknowledging an industrywide slowdown as consumers eat at home more often and trade down to cheaper items. And while McDonald’s reputation as a lower-cost option continues to put it at an ...
U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced profits despite strong summer travel demand. For passengers, that could mean higher fares are on the way. Over the last week, U.S. airlines had “one of the industry’s largest week-over-week capacity reductions,” shaving ...
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are increasingly offering lucrative shares of equity and deal profits to staff amid a growing battle for talent, according to a top family office ...
The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful difference in what a homebuyer will pay. To that point, people in the market to buy a home have been eagerly waiting for the central bank to cut rates. The ...
Free Wi-Fi? Free checked bag? Free snacks? On Spirit? The Florida-based carrier that is practically synonymous with budget air travel in the U.S. said Tuesday that it plans to offer packages for its highest-priced tickets, wrapping in perks it used to charge for a la carte. It’s a bid to increase revenue as it struggles with the aftermath of a U.S.-blocked ...
Tesla has issued a recall for more than 1.8 million vehicles after it received reports that the hoods on some were unintentionally popping open. According to a document filed with the National Highway Traffic Safety Administration, Tesla said in March that it began to look into reports from drivers in China about what it called ‘unintended hood opening events.’ Subsequent ...
Homes are getting less affordable for buyers all over the country — including in places where the 2024 presidential race could be decided. But market conditions in six key swing counties aren’t quite as bad as they are in the U.S. as a whole, NBC News’ Home Buyer Index shows. In Erie County, Pennsylvania, for example, a blue-collar area in ...
South Africa’s former President Jacob Zuma has been expelled from the African National Congress (ANC), the party he once led. “Former President Jacob Zuma has actively impugned the integrity of the ANC,” ANC Secretary General Comrade Fikile Mbalula outlined at a press briefing on Monday. “This conduct is irreconcilable with the spirit of organization discipline and letter of the ANC ...
Protests broke out in several Venezuelan cities on Monday after authoritarian leader Nicolás Maduro was formally declared a winner by the county’s electoral authority in a presidential race marred by accusations of electoral fraud. In the capital of Caracas, protesters blocked roads, while hundreds more were seen walking down a main road banging pots and pans in protest against Maduro’s ...
At least eight people were stabbed in the northern English town of Southport on Monday, with some of the victims being transferred to a children’s hospital, ambulance officials said. Merseyside Police said it received reports of a stabbing and emergency services were called to a “major incident” in the town at around 11:50 a.m. local time (6:50aET). “There are a ...