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Articles by Kathy Cherpelis
Why one bank CEO sees no Fed rate increase in 2016
It doesn’t look like 2016 is going to be the year of rate hikes we first thought it would be. After taking one step forward in December, the Federal Reserve scaled back expectations for how high interest rates will rise this year as the U.S. continues to face global economic risks. “A range of recent indicators, including strong job gains, point to additional strengthening of the labor market. Inflation picked up in recent months,” the Fed said in a policy statement on Wednesday.
Breaking news: June jobs report
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Etsy may face new challenge...Amazon
Amazon (AMZN) may be looking to flex its muscle again and this time Etsy (ETSY) could be the target. The Wall Street Journal reported that Amazon is exploring an online crafts marketplace that would challenge Etsy.
McDonald’s comeback plan: Is it enough?
McDonald’s (MCD) newly minted Chief Executive Steve Easterbrook took the wraps off its turnaround plan today. The fast food giant is looking to revive sliding sales and profits by franchising more restaurants, reorganizing its structure and cutting costs. "Today we are announcing the initial steps to reset and turn around our business," Easterbrook said in a press release.
Chipotle menu is now GMO-free
Chipotle (CMG) is saying “no mas" to genetically-modified food. The Mexican fast-food chain is removing all GMOs from its menu. While Chipotle has labeled food containing GMOs since 2013, it will become the first major chain to stop serving GMO products altogether.
Chipotle delivery service doesn't come cheap
OMG! CMG [Chipotle Mexican Grill] now delivers right to your door and you can use your new Apple (APPL) Watch to do it. The Mexican fast-casual chain very popular with Millennials is offering delivery service in the 67 U.S. cities where Postmates [a San Francisco-based start-up company] operates. Chipotle made the announcement in its earnings call earlier this week.
McDonald’s is betting on bigger burgers
McDonald’s (MCD) is looking for another way to win back customers. This time the fast food chain is getting set to roll out bigger premium burgers in an effort to beef up sagging sales. The new burger is an upscale one-third pound sirloin patty which will appear on Mickey D’s menu for a limited time next month. Yahoo Finance’s Aaron Task thinks this makes sense especially in the face of fierce competition in the gourmet burger space. “This is going to their roots.
Silicon Valley's new status symbol: office space
It’s keeping up with the Joneses Silicon Valley style. Google (GOOG) is reportedly planning to propose new headquarters in Mountain View California. Apple’s (AAPL) new 2.8 million square foot spaceship campus in Curpertino is set to open next year. While Facebook (FB) hired architect Frank Gehry to design its new digs in Menlo Park.
Chipotle gets smoked; McDonald's sales struggle; Apple gets iPhone pop
Here is a look at some of the stocks the Yahoo Finance team will be tracking for you today. Investors adding Apple (AAPL) to their cart ahead of the bell. Strong demand for its iPhones helped Apple offset sluggish iPad sales last quarter. The tech giant reported earnings and revenue that smashed through Wall Street estimates. Revenue rose 12% from a year earlier as it sold more than 39 million iPhones.
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