McDonald’s CEO Chris Kempczinski told CNBC he hopes President-elect Joe Biden will tackle some of the country’s biggest problems, including the fallout from the coronavirus pandemic. “We need a stimulus measure, I think that is very clear,” he told CNBC’s Carl Quintanilla in an interviewed that aired Tuesday on “Squawk on the Street.” Democrats and
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Ethan Brown, founder, president and CEO of Beyond Meat. Adam Jeffery | CNBC Shares of Beyond Meat cratered as much as 28% Monday in after-hours trading following the release of disappointing third-quarter results, capping off a frenzied day of trading for the volatile stock. McDonald’s announcement of a plant-based line called “McPlant” sparked confusion among
Florida, Port of Miami, Row of cruise ships docked, non-essential business due to Coronavirus. Jeff Greenberg | Universal Images Group | Getty Images Throughout the coronavirus pandemic, travel executives have been pinning their hopes on a Covid-19 vaccine saving their industry, which has suffered from the fallout of the health crisis. Following news Monday of
McDonald’s incoming U.S. President Chris Kempczinski speaks during a press conference in New York November 17, 2016. Shannon Stapleton | Reuters McDonald’s said Monday it’s expecting mid-single digit sales growth in 2021 and 2022 as the fast-food giant plots its recovery from the coronavirus pandemic. Its strategy to drive sales growth includes more collaborations with
General Motors unveiled the 2022 GMC Hummer EV sport utility truck, or SUT, online and during national television broadcasts on Oct. 20, 2020. GM General Motors developed the 2022 GMC Hummer EV in rapid time with help of virtual reality, an increasing trend for the automotive industry before and during the coronavirus pandemic. GM CEO
McDonald’s U.S President Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois, United States March 5, 2018. Richa Naidu | Reuters McDonald’s swift recovery from the coronavirus pandemic has prompted investors to ask how the fast-food giant plans to keep fueling sales growth. The company is scheduled to answer
Ocean Spray Sometimes a twist of fate can change a company’s trajectory or provide the rocket fuel it needs to shift to a new paradigm. Just ask Tom Hayes, the new CEO of Ocean Spray, a 90-year-old agricultural cooperative of some 700 small family farmers throughout North and South America. He found out firsthand how
Democratic U.S. presidential nominee Joe Biden smiles as he takes off his mask to speak about the voting results of the 2020 U.S. presidential election during an appearance in Wilmington, Delaware, U.S., November 4, 2020. Kevin Lemarque | Reuters President-elect Joe Biden is expected on Monday to announce the members of his coronavirus task force,
Wall Street took a breather on Friday after powering through four straight days of gains in a week that was defined by an unsettled presidential election. With returns pointing toward a potential Joe Biden victory, CNBC’s Jim Cramer expects a winner to be announced by the start of the workweek. After a relatively sedate day
Softbank-backed delivery startup goPuff on Thursday said it will acquire alcoholic beverage chain BevMo! for $350 million, paving the way for the company to enter the California market. The agreement also means goPuff, which currently provides on-demand delivery of household goods in 500 cities, will significantly expand its infrastructure with the addition of BevMo!’s 161
General Motors plans to significantly increase production of its highly profitable pickup trucks by investing up to $1 billion in its Canadian operations. The investment is part of a tentative deal with Canadian union Unifor, GM CEO Mary Barra told investors Thursday during the company’s third-quarter earnings call. The investment is pending union member ratification
Faris Hadziq/SOPA Images | LightRocket | Getty Images Bentley Motors plans to exclusively offer plug-in hybrid and electric vehicles by 2026 and fully electric models by 2030, the British luxury carmaker said Thursday. Bentley, which is owned by German automaker Volkswagen, will offer two unnamed plug-in hybrid models starting next year. The first full-electric vehicle
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images Peloton is seeing demand for its high-end exercise bikes and treadmills spike again, as Covid-19 cases are
Children pose for a photo with Santa Claus, who is sitting behind a plexiglass screen, at Bass Pro Shops. Source: Bass Pro Shops It’s an annual tradition for many families during the holidays: Packing the kids in the car and trekking them to the local mall to visit Santa for the chance to rattle off
Medical staff members treat a patient suffering from the coronavirus disease in the Covid-19 intensive care unit (ICU) at the United Memorial Medical Center (UMMC) on October 31, 2020. Go Nakamura | Getty Images News | Getty Images The number of new daily coronavirus cases recorded in the U.S. surpassed 100,000 for the time Wednesday,
Jim Farley, Ford CEO Ford Ford Motor will release its U.S. vehicle sales on a monthly basis as well as quarterly after the company’s new CEO Jim Farley promised Wall Street greater transparency. The decision comes more than a year after the Detroit automaker followed its crosstown rival, General Motors, in switching exclusively to quarterly
A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap caught fire Wednesday for posting a photo of a half-blue, half-red sweatshirt on its Twitter account, with the outcome of a heated presidential election still undecided and tensions running high. The retailer
The words “classic American car” might conjure memories of massive sedans, flourishes like tailfins, big engines and in many cases bench seats. The front bench seat was once a standard feature of American cars, but over time it disappeared, in part due to changing tastes and safety regulations. Its disappearance actually says a lot about
RealClearPolitics associate editor and columnist A.B. Stoddard broke down why Democratic presidential candidate Joe Biden’s campaign “has Sun Belt confidence,” in an election night interview Tuesday on CNBC’s “The News with Shepard Smith.” “The Biden camp has confidence in Georgia because of what Stacey Abrams managed to achieve when she ran for governor in 2018,
A Friendly’s Ice Cream Corp restaurant is seen on the day the company filed for bankruptcy in Delray Beach, Florida. Joe Raedle | Getty Images FIC Restaurants, the parent company of Friendly’s, said it has filed for Chapter 11 bankruptcy protection after the coronavirus pandemic caused sales to plummet. The company will sell substantially all