Yellen: we don't have to get prices down because wages are going up
— unusual_whales (@unusual_whales) February 8, 2024
Drewry’s World Container Index dropped by 1% to $3,786 per 40ft container this week (everyone seems focused on this)
That said…if you are in the US …this should be your concern …rates are not dropping to the US pic.twitter.com/LE64FLjeJu
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) February 8, 2024
McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo Backlash
In response to declining sales driven by increased menu prices, McDonald’s CEO Chris Kempczinski has announced a strategic pivot towards affordability in 2024. The announcement comes after the fast-food giant faced backlash for pricing a Big Mac combo meal at nearly $18, a move that alienated its core customer base. Despite achieving a 3.4% growth in global same-store sales for the latest quarter, McDonald’s fell short of the anticipated 4.7% growth, a shortfall attributed to both the price hikes and impacts from Middle Eastern conflicts on overseas franchisees. This resulted in a nearly 4% drop in McDonald’s stock price to $285.97.