April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

Read More
April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

Read More
April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

Read More
April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

Read More
April 22, 2024

Palantir Falls as Analyst Says It's Overvalued Amid AI Hype

Palantir Technologies shares dropped 6% Thursday after an analyst downgraded the stock, claiming artificial intelligence (AI) hype has left it with an "egregiously rich valuation."Analyst Brian White at Monness, Crespi, Hardt & Co. lowered the stock's rating to "sell" from "neutral," writing it's time to get "back to reality" after Palantir's "meteoric rise on the Gen AI rocket."Despite Thursday's decline, shares of Palantir have gained nearly 39% year to date.

Read More
April 22, 2024

Palantir Falls as Analyst Says It's Overvalued Amid AI Hype

Palantir Technologies shares dropped 6% Thursday after an analyst downgraded the stock, claiming artificial intelligence (AI) hype has left it with an "egregiously rich valuation."Analyst Brian White at Monness, Crespi, Hardt & Co. lowered the stock's rating to "sell" from "neutral," writing it's time to get "back to reality" after Palantir's "meteoric rise on the Gen AI rocket."Despite Thursday's decline, shares of Palantir have gained nearly 39% year to date.

Read More