Across-the-board inflation — including food costs, labor costs, and real estate costs — is pummeling restaurants. Can the industry survive?
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McDonald’s announced that its $5 summer meal deal, which was only supposed to last through June, will now be extended into December.
For Starbucks chief Laxman Narasimhan, the daily grind is over. The embattled coffee chain named Chipotle CEO Brian Niccol his successor.
The market’s sunny optimism, set against wintry December, will face a Game of Thrones-like test this Wednesday: an inflation report is coming.
What this means, however, is that the next time American markets tumble, it won’t just be America’s problem.
Big Tech and startups alike are making strides in the race to supplant classical computers, but a few roadblocks remain.