Stock Market Winners & Losers: S&P 500 Tries to Climb Out Of Correction Territory | McDonald’s Price Hike Boost Sales
Winner: S&P 500 tries to climb out of correction territory
• The S&P 500 tried to climb out of correction territory
• Investors brace for a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings report.
• GM reaches tentative deal with UAW, ending strikes at Detroit automakers after six weeks
Other Interesting Stories
• Ford will postpone about $12 billion in EV investment as buyers become more cautious
• Travis Kelce's latest play: A line of food dishes called Travis Kelce's Kitchen including BBQ brisket, sold at Walmart
Winner: McDonald’s price hikes boost sales
• More than 85% of Americans visit McDonald's at least once a year.
• McDonald’s reported earnings and revenue that beat expectations as price hikes offset falling traffic.
• Despite higher menu prices in some regions, executives said that the burger chain is still beating rivals across most of its biggest markets when it comes to consumers’ perception of value and affordability.
• Revenue: $6.69 billion
• Income of $2.32 billion.
• McDonald’s gained market share with middle- and high-income consumers, signaling that those diners are trading down from more expensive options.
• McDonald’s m prices in California will rise further next year as the minimum wage for fast-food workers rises to $20 an hour.
• There is roughly one McDonald's restaurant per 24,000 people in the US.
#RobBlackShow #RobBlack #Stocks #Viral #Trending #StockMarket #Stock #Market #Finance #Investing #Investment #MarketsUpdate #News
Learn More https://linktr.ee/RobBlack
