Business Report: McDonald’s profits hit by inflation, Middle East boycotts over Israel-Hamas war

May 1, 2024: Employee pay has risen more than expected this year — another sign of lasting inflation

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MAY 1, 2024 McDonald's profits hit by inflation, Middle East boycotts over Israel-Hamas war McDonald's earnings fell short of expectations as spiking menu prices have begun to chase away inflation-battered, low-income families. McDonald's reported first-quarter net income of $1.93… Employee pay has risen more than expected this year — another sign of lasting inflation US employee pay jumped more than expected in the first three months of this year — yet another sign that inflation could stay higher for… New restaurants ready to make some noise in Hamptons — as locals try to silence Zero Bond At The Maidstone, an Italian-focused eatery from LDV Hospitality will serve up favorites like spaghetti with tomato and basil, along with American summer classics like… Home Depot's viral Halloween skeleton quickly sells out before summer as social media users sound off Home Depot has restocked its viral 12-foot tall skeleton and other Halloween decorations, but a limited amount are available and many items are already sold… PERSONAL FINANCE Milli Bank Review: Mobile-first banking with sky-high savings rates Milli Bank is a mobile-only bank that offers a competitive savings rate, no monthly fees, and helpful savings tools, but lacks some traditional banking features and has limited customer support hours. Advertisement FCC fines four wireless carriers millions for sharing customer data The FCC claimed "aggregators" that received customer location data from the carriers turned around and charged third-party location-based service providers for access at a price. Elon Musk's move to disband Tesla EV charging team blindsides car industry: 'Sharp kick in the pants' Musk's decision, as reported by The Information, to dismiss the head of the business, Rebecca Tinucci, and most or all of the staff that operated and… Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend Amazon shares rose as much as 6% in after-hours trading, after closing down 3.3% in the regular session. Advertisement Get our other newsletters:

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