McDonald's, the global fast-food giant, announced on Monday its plans to further expand its ownership stake in its Chinese operations. In an effort to continue growing in the world's second-largest economy, McDonald's will acquire the minority shareholder Carlyle Group, increasing its stake in its Chinese business from 20% to 48%. Carlyle Group initially acquired its stake in … [Read more...] about McDonald’s Expands Ownership Stake in Chinese Operations
McDonald's
McDonald’s Well Positioned for 2024
McDonald's Corp. has reported better-than-expected third-quarter results, leading Wells Fargo analyst Zachary Fadem to believe that the company is in a strong position for 2024. Fadem mentioned several catalysts that support this view. Easing November Compares and December Analyst Event Fadem highlighted easing November compares leading up to McDonald's December analyst event. … [Read more...] about McDonald’s Well Positioned for 2024
McDonald’s Investors Face Concerns amid Rising Interest Rates
Introduction McDonald's Corp. investors are currently experiencing the most significant weekly downturn in four years, as worries grow about the impact of the recent surge in interest rates on consumer spending. Stock Performance The stock of the fast-food giant, with the ticker MCD, -0.97%, declined 1.4% in afternoon trading, indicating a potential closing at its lowest point … [Read more...] about McDonald’s Investors Face Concerns amid Rising Interest Rates
Little Girl Awarded $800,000 in Damages for Hot Chicken McNugget Case
A South Florida jury has recently awarded $800,000 in damages to a young girl who suffered second-degree burns from a hot Chicken McNugget at a McDonald's drive-thru. The incident occurred in 2019 when the girl, Olivia Caraballo, was just four years old. The Legal Battle The family of Olivia Caraballo sought $15 million in damages, but the jury reached its verdict after less … [Read more...] about Little Girl Awarded $800,000 in Damages for Hot Chicken McNugget Case
