A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors’ concern about the broader Chinese economy, shares of Yum … Read more
A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center. Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on … Read more
People dit at McDonald’s outdoor seating after going out on a Saturday night along Rothschild Street on June 11, 2022 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images McDonald’s and Starbucks, two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of … Read more
Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s reported mixed quarterly results Monday as turmoil in the Middle East took a toll on its sales in those markets. Shares of the company fell less than 1% in premarket trading. … Read more
Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million, bringing its total raise to $15 million. The money will go toward launching its first manufacturing facility, Factory One, in South Korea. The firm will also be deploying a cloud-based AI software platform for the robot called … Read more
The capital’s achievement — four spots on the World’s 50 Best Restaurants list — owes as much to Indigenous bounty as to chefs’ creativity January 8, 2024 at 11:00 a.m. EST A dish on the Central restaurant tasting menu in Lima called Amazon Connection. It includes arapaima fish belly cured in turmeric and achiote, served … Read more
Thanks to bans on pay toilets dating back to the 1970s, folks in the U.S. have become accustomed to enjoying free public restroom access pretty much anywhere their travels take them. Depending on the town or city, however, free-use bathrooms aren’t necessarily plentiful — or well-maintained, for that matter. In lieu of stateside political momentum … Read more
Blank Street Coffee’s shops have taken over New York City as they lure in customers with cheap lattes and cold brew. Now the upstart chain aims to attract even more consumers who want to slash their coffee budgets through a subscription program. The Blank Street Regulars program, which opened to the public this summer, has … Read more
BOLINGBROOK, ILLINOIS – DECEMBER 11: Customers place their orders at CosMc’s, a concept restaurant recently launched by McDonald’s on December 11, 2023 in Bolingbrook, Illinois. Lines to order food and beverages at the drive-thru-only restaurant, which opened to the public late last week, have been as long as 6 hours. (Photo by Scott Olson/Getty Images) … Read more
The Ronald McDonald balloon floats down Central Park West during the Macy’s Thanksgiving Day Parade on November 23, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images McDonald’s executives painted a rosy portrait of the fast-food giant’s strength and ability to achieve long-term goals at its investor day, but the company … Read more