Chipotle

Consumer

Is the Restaurant Industry at the End of an Era?

Photo illustration by Connor Lin / The Daily Upside, Photos by Vlad Yushinov and Choness via iStock

Across-the-board inflation — including food costs, labor costs, and real estate costs — is pummeling restaurants. Can the industry survive?

6 min read

Photo by Ready Made via Pexels

Consumer

McDonald’s Lengthens the Meal Deal Wars

McDonald’s announced that its $5 summer meal deal, which was only supposed to last through June, will now be extended into December.

1 min read
Photo by Dom J via Pexels

Consumer

Starbucks Abruptly Dumps CEO, Poaches Chipotle Boss

For Starbucks chief Laxman Narasimhan, the daily grind is over. The embattled coffee chain named Chipotle CEO Brian Niccol his successor.

1 min read

Photo by Rann Vijay via Pexels

Finance

Sixth Street Gives Affirm a Big Boost

Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.

2 min read
Photo by Roy Luck via CC BY 2.0

M&A

Nippon Steel’s $15 Billion Acquisition of US Steel Might Fall Through

The Committee on Foreign Investment is divided on if the deal presents a security risk. The split gives Biden more grounds to block the deal.

1 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Jérémy Barande via CC BY-SA 2.0, David Shankbone via CC BY 3.0, Obama White House Archived, and U.S. Air Force / Trevor Cokley

Economics

How the Great Wealth Transfer is playing out for Billionaires

The oldest among us are richer than ever, so are the richest. So what happens when the oldest and richest start passing their wealth along?

5 min read

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