McDonald's stock falls as it unveils plan to spend big on restaurant upgrades
The plans are part of the fast-food giant's new growth strategy, called McDonald's > NEXT.
The plans are part of the fast-food giant's new growth strategy, called McDonald's > NEXT.
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The plans are part of the fast-food giant's new growth strategy, called McDonald's > NEXT.
McDonald's is following the lead of Amazon and Walmart as it starts its own media network.
The OECD group of industrialized nations put its 2026 growth forecast at 2.9%. It said investment in AI was helping drive growth, while the war in the Middle East was fueling inflation.
McDonald's CEO Chris Kempczinski said that he expects that high inflation and flat traffic will continue to weigh on the restaurant industry.
Cisco stock hit a record over the summer, but Piper Sandler analysts expressed concerns that growth is peaking in the industry.
Cars remain Europe's top way to travel. However, trains have overtaken buses for the first time in a decade, while planes grew fastest of any mode of transport over the same period.