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McDonald's Posts , Disappointing Q1 Results , Amid Ongoing Boycotts.<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>'The Independent' reports that McDonald's posted weaker-<br/>than-expected results in the first quarter of 2024, as a result <br/>of a boycott over the company's perceived support for Israel. .<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>According to McDonald's, higher sales in the <br/>United States helped the fast-food giant overcome <br/>weakness in markets where the brand is being boycotted.<br/>The company saw same-store sales rise by <br/>1.9% worldwide between January and March, <br/>below the Wall Street forecast of 2.1%.<br/>Increased menu pricing and delivery demand <br/>saw same-store sales in the U.S. increase by 2.5%.<br/>In international markets, sales fell <br/>by 0.2% for the first time since 2020.<br/>Despite this, McDonald's said the company's revenue <br/>increased 5% to reach $6.17 billion, while net income went <br/>up 7% to $1.93 billion, in-line with Wall Street estimates.<br/>'The Independent' reports that Muslim-majority <br/>markets like Indonesia, Malaysia and the Middle East <br/>have been boycotting McDonald's for months.<br/>The boycotts started after a McDonald's franchise in <br/>Israel announced in October that it would provide free <br/>meals for Israeli troops amid the ongoing war in Gaza.<br/>In the months since then, the company has tried to limit <br/>the fallout by taking over all 225 McDonald's in the country <br/>with the purchase of Alyonal Limited, its Israeli franchise.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'.<br/>Our hearts remain with <br/>the communities and families <br/>impacted by the war in the Middle East. <br/>We abhor violence of any kind and <br/>firmly stand against hate speech, <br/>and we will always proudly <br/>open our doors to everyone, McDonald's statement, via 'The Indepndent'
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Watch as Bubba Wallace pilots the No. 45 Toyota for 23XI Racing to Victory Lane at Kansas Speedway, holding off team co-owner Denny Hamlin.
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#shahidkhaqanabbasi #farmer #pmlngovt #pmshehbazsharif #AliMuhammadKhan #PTI #PMLN #PPP #MQMP #barristergohar #shehriyarAfridi#aniqanisar #AitrazHai <br/><br/>(Current Affairs)<br/><br/>Host:<br/>- Aniqa Nisar<br/><br/>Guests:<br/>- Shahid Khaqan Abbasi (Former PM)<br/>- Ali Muhammad Khan PTI<br/>- Hasnaat Malik (Journalist)<br/><br/>\
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The pub chain’s boss has ruled out the adoption of dynamic pricing, a kind of Uber-style surge pricing for pints, which big-name rivals are reportedly adopting.
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Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
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Yum! Brands, owner of KFC, Taco Bell, and Pizza Hut, reported a 3% decline in same-store sales for the first quarter, which was expected due to inflation, consumer demand pressures, and geopolitical issues. Pizza Hut and KFC saw same-store sales declines of 7% and 2%, while Taco Bell grew by 1%. Starbucks reported a 4% drop in global comparable store sales driven by a 6% transaction decline, as more cautious consumers cut back. McDonald's comparable sales grew just under 2% in the first quarter, as the CEO noted broad consumer price pressures reducing discretionary spending.
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Apple is set to report second-quarter earnings on Thursday, with Wall Street watching closely for updates on iPhone sales. Shares of Apple are down over 10% year-to-date in 2024, facing challenges including weaker iPhone demand in China and increased competition. Many analysts are focused on Apple's \
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The Biden administration plans to reclassify marijuana as a Schedule III substance, placing it with drugs like Tylenol with codeine according to four sources. For over 50 years, marijuana has been a Schedule I substance, in the same category as heroin and methamphetamines. Cannabis stocks surged on the otherwise down day for markets, with ETFs like MSOS and MJUS jumping around 19-20%. Curaleaf Holdings and Trulieve Cannabis saw share price increases of 19-30% touching new 52-week highs. Schedule III classification would define marijuana as having a moderate to low potential for dependence.
⏲ 0:40 👁 475K
Restaurant Brands International is investing another $300 million to remodel around 1,100 Burger King locations in the US. This is part of RBI's broader $2.2 billion plan to revive the Burger King brand in the US through renovations by 2028. RBI previously invested $250 million in remodels and $150 million in mobile apps and advertising. RBI also bought Burger King's largest franchisee, Carrols Restaurant Group, for $1 billion to accelerate the remodel process. Remodeled locations have seen sales climb following an updated \
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ideaforge share latest news today | ideaforge share analysis | ideaforge share result
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Miami's housing market has been on a tear, with prices doubling since 2018.<br/><br/>The rapid rise is part of a larger trend across the country, but it's been particularly pronounced in Florida. Experts point to investor interest and urban development projects as some of the reasons behind Miami's booming housing market.<br/><br/>Other markets where home prices have doubled since 2018 include Tampa, Florida; Baltimore, Maryland; and Spokane, Washington.
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Shares of Trump Media opened above $50 a share for the first time in nearly a month on Wednesday. DJT shares rose over 8% in early trading before pulling back, continuing their stock bounce back. The stock price has increased over 50% in the past week. However, shares remain well below their opening price of over $70 after the March public debut. Trump's total stake is 65% of the company, worth $5.7 billion at $50/share.
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