No Picture
Trading Ideas

Gourmet burgers, global sales drive McDonald's results beat

A multiyear turnaround plan launched by Chief Executive Steve Easterbrook three years ago, has brought menu changes, new technology to stores and restaurant upgrades to drive more traffic. High-margin “gourmet” burgers which offer fresh and more expensive ingredients, costing $6 or $7 a time compared to the chain’s $1 to $3 value options, raised the overall average U.S. check value. Sales at McDonald’s U.S. restaurants rose 2.9 percent, topping analysts expectations of 2.7 percent, according to Thomson Reuters I/B/E/S. …read more […]

No Picture
Trading Ideas

Cosby juror: Comedian’s talk of quaaludes led to conviction

The jury that convicted Bill Cosby at his sexual assault retrial said that its decision was only influenced by what happened in court, and the youngest member of the panel said that the comedian’s own words sealed his fate. Harrison Snyder said in an interview aired Monday on ABC’s “Good Morning America” that Cosby’s deposition — in which he admitted giving women drugs to have sex with them — was the evidence that made him believe he was guilty. Mr. Cosby admitted to giving these quaaludes to women, young women, in order to have sex with them,” Snyder …read more […]