Scott Bessent Says America's 'K-Shaped' Economy Is Dead, But Robert Reich Fires Back With a McDonald's Warning: 'Very Much Alive, Even CEOs are Admitting It's a Problem'

Argus Research Maintains Buy on McDonald's, Lowers Price Target to $310

Argus Research analyst John Staszak maintains McDonald's (NYSE:MCD) with a Buy and lowers the price target from $320 to $310.

Bill Gates' Foundation Holds Berkshire Hathaway as Its Top Stock, a Signal of Its Preference for Steady Compounders Over Flashy Tech

The Gates Foundation Trust's $34.4 billion equity portfolio reveals a preference for industrial and consumer stocks over technology companies. With Berkshire Hathaway as its largest holding at $7.4 billion, the foundation also maintains significant positions in Caterpillar, Canadian National Railway, Waste Management, and Deere. This strategy demonstrates that solid long-term returns can be achieved through steady compounders rather than volatile tech stocks, while still benefiting from trends like AI-driven data center construction.

President Trump Says In Social Media Post That Agreement Reached To 'Substantially Lower The Price Of Ground Beef'

Today, I concluded a deal to substantially lower the price of ground beef for working American families. As everyone knows, under President Biden, beef prices soared at their fastest rate and the American beef herd fell

Burger King's $700 Million Fix Is Paying Off for Restaurant Brands International

Restaurant Brands International's turnaround strategy is showing strong results for Burger King, with U.S. same-store sales up 8.5% in Q2 and the Whopper relaunch driving 20%+ volume increases. However, Tim Hortons' growth has stalled at 0.1%, and Popeyes continues to decline, offsetting Burger King's gains. The international segment remains strong at 5.5% growth.

Ralph Lauren Digital Comps Rise 8% as E-Commerce Momentum Builds

Ralph Lauren (RL) delivered solid first-quarter fiscal 2027 results with North America Retail comparable sales up 9% and digital comparable sales rising 8%. The company saw strong growth in women's apparel, outerwear, and handbags (each exceeding 20%), added 1.5 million new customers to its DTC businesses, and continues investing in AI and technology. However, RL shares have underperformed the industry over the past three months and trade at a premium valuation.

'Uber cuts AI costs even as usage jumps' - Axios Exclusive