McDonald’s reported a rare sales miss in its-fourth quarter earnings report earlier this month. Starbucks is forecasting slower growth…
Read article
The all-American genre of fast food has historically been an inflation killer. Industrialization in the restaurant industry has lowered prices for consumers year after year ever since the first White Castle opened in 1921, signaling the beginning of the industry, and definitely since McDonald’s debuted in the early 1940s.
Read article
Amazon.com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade. The shares declined about 5% in extended trading. The company’s revenue and profit also missed projections for the third quarter and Amazon said its costs to negotiate supply chain issues and…
Read article