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 ...
NASHVILLE — Charlene Brown arrived at the first full day of Bitcoin 2024 at the Music City Center convention complex with two signs in hand: “Orange Man Good” and “Bitcoin Don.” Similar symbols of a recent and sudden shift in the politics of bitcoin could be spotted elsewhere in the Nashville crowd. “Make Bitcoin Great Again” caps — not to mention ...
Apple on Monday released the first version of Apple Intelligence, its suite of artificial intelligence features that will improve Siri, automatically generate emails and images and sort notifications. The new software called Apple Intelligence was released in the developer beta of iOS 18.1. It is also available in similar releases for iPad and Mac. It is currently only available to registered ...
It’s been another summer of record-smashing temperatures and record-smashing air travel. Airports and airlines say they can handle both. U.S. airlines expect to transport 271 million passengers worldwide this summer, up 6.3% from last season, the Airlines for America trade group has projected. Carriers have added flights and seats — in some cases too many — to accommodate the uptick. ...