SUMMARY: Wall Street steadied Wednesday as Alphabet and other tech stocks rose, with the S&P 500 up 0.3% and Nasdaq gaining 0.9%, while the Dow dropped 0.3%. Alphabet surged 8.3% after a judge ordered changes to Google’s search engine but spared its Chrome browser from sale. Treasury yields fell following a weaker-than-expected US jobs report, which bolstered hopes the Federal Reserve may cut interest rates soon to support the economy. Retailer Macy’s and Campbell’s posted strong earnings, boosting their stocks. Bitcoin company American Bitcoin soared 35.7% on its Nasdaq debut. Dollar Tree declined despite good results due to tariff concerns.

Read the full article

The post Wall Street steadies itself as Alphabet pulls tech stocks higher appeared first on www.wxxv25.com

SUMMARY: McDonald’s is cutting prices on combo meals to attract customers deterred by rising fast food costs. Starting September 8, Extra Value Meals, including popular items like Big Mac or Egg McMuffin with sides and drinks, will cost about 15% less than ordering separately. Promotions include an $8 Big Mac meal and a $5 Sausage McMuffin meal, with slight regional price differences. Facing declining visits from lower-income consumers and criticism over high prices, McDonald’s aims to improve value perception amid a 40% menu price increase since 2019 due to higher labor and food costs. Competitors like Domino’s are also running promotions to boost sales.

Read the full article

The post Coming price cuts at McDonald’s may signal a broader fast food price war appeared first on www.wxxv25.com

SUMMARY: Kraft Heinz plans to split into two companies by late 2026: Global Taste Elevation Co., including brands like Heinz and Kraft Mac & Cheese, and North American Grocery Co., housing Maxwell House and Oscar Mayer. The 2015 merger, backed by Warren Buffett and 3G Capital, aimed to leverage scale but struggled amid shifting consumer preferences toward healthier foods and competition from cheaper store brands. Despite cost-cutting, Kraft Heinz’s sales have declined since 2020. Buffett expressed disappointment over the split, which Berkshire Hathaway opposed. CEO Carlos Abrams-Rivera will lead North American Grocery Co., while a new CEO will be sought for Global Taste Elevation Co.

Read the full article

The post Kraft Heinz undoes blockbuster merger after a decade of changing tastes appeared first on www.wxxv25.com