Lina Khan, chair of the Federal Trade Commission, speaks during the 2024 CNBC CEO Council Summit in Washington, D.C., on June 4, 2024. Shannon Finney | CNBC The Federal Trade Commission is launching an investigation into so-called “surveillance pricing,” seeking more information about how artificial intelligence is used to change pricing rapidly based on data … Read more
In an aerial view, a customer walks by a sign as they leave a McDonald’s restaurant on April 03, 2023 in San Pablo, California. Justin Sullivan | Getty Images McDonald’s will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets, as the fast food giant says the offer … Read more
Inflation has come down considerably from its post-pandemic peak of 9% in 2022, and just went negative on a monthly basis for the first time since May 2020, but prices are still higher than Federal Reserve policymakers say is appropriate for a stable economy. Further hurting the ability to make ends meet: a growing insurance … Read more
National French Fry is on Friday, July 12, and plenty of popular restaurant chains are offering freebies and deals to honor the holiday. Whether they’re crinkle cut or curly, French fries are a favorite across the nation. The average American consumes around 34 pounds of French fries a year, according to the National Oceanic and … Read more
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s … Read more
Starbucks ‘ new breakfast deals may hit the sweet spot for customers. But the coffee giant needs to serve up bigger changes to its operations to get back into Wall Street’s good graces. Offering food and beverage combos may boost Starbucks’ traffic in the short-term, analysts said, but it’s probably not a sustainable path over … Read more
The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely … Read more
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. … Read more
Shawn Tsao, co-founder of food-delivery app Caviar. It may not be easy to build a successful business from scratch — but it’s proven to be possible. Throughout my time working at CNBC, I’ve chatted with different entrepreneurs, from people who started successful side hustles to the founders of global unicorn companies. Ultimately, I’ve found that it … Read more
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and … Read more
