Yum Brands, the parent company of well-known fast–food chains like Pizza Hut, KFC, and Taco Bell, faced a challenging quarter with declining same-store sales at both Pizza Hut and KFC. The impacts from the Middle East conflict and a more cost-conscious consumer have presented headwinds to same-store sales, according to Yum CEO David Gibbs. This
Income
The League of California Cities is set to host a webinar to assist potential applicants in accessing the $3.3 billion in funds accelerated by the governor from a bond measure ratified by voters in March. This funding, to be released in August, marks the initial portion of the $6.4 billion Proposition 1 bond measure. Despite
As we embark on a new trading month, JPMorgan has updated its Analyst Focus list with some potential outperformers in the market. In the wake of a shaky start to the month, with significant drops in major indices, investors are seeking guidance on where to put their money next. JPMorgan’s focus list includes stocks that
Vice President Kamala Harris has made it clear that building up the middle class will be a top priority during her presidency. She believes that a strong middle class is essential for a strong America and that families need relief from the high cost of living to not just get by but to get ahead.
Recent data from the Mortgage Bankers Association suggests that home affordability has slightly improved for buyers this summer. The report indicates that the median new mortgage payment in June was $2,167, reflecting a 2.4% decline from May. This improvement in affordability can be attributed to a decrease in the index that measures how new monthly
The municipal bond market has shown little change in recent days, with U.S. Treasuries being firmer and equities experiencing mixed activity towards the end of the session. Despite this stability, municipal bond yields remain consistent with levels observed at the beginning of the summer last year. According to Tom Kozlik, the managing director and head
McDonald’s executives faced challenges in the second quarter, with a decline in same-store sales across all segments, including the U.S. market. Despite forecasting these challenges, the company fell short of analysts’ estimates on both the top and bottom lines. This indicates a need for a strategic shift in the approach to recapturing consumers. U.S. President
California’s fiscal 2025 budget has been a subject of concern due to the revenue gap that emerged in fiscal 2024. Fitch Ratings has pointed out that while some adjustments have been made to close the gap, further actions will be necessary to achieve fiscal balance in the coming years. The state’s issuer default rating stands
McDonald’s executives recently acknowledged that many consumers, especially those with lower incomes, perceive the company’s prices as too high. This realization comes at a time when many people are facing challenges due to high inflation, causing them to rethink their spending habits, particularly when it comes to dining out. During the second-quarter earnings call, McDonald’s
The U.S. Soccer Federation is embarking on a new venture, seeking to fund its headquarters and training facility in Georgia. The federation is issuing $200 million of tax-exempt revenue bonds to finance most of the project’s $225 million cost. The Arthur M. Blank U.S. Soccer Training Center aims to be a unique facility that will