McDonald's will spend big on restaurant upgrades, training to drive growth

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McDonald's on Wednesday announced plans for its own media network, pricey restaurant upgrades and ways to win over GLP-1 users during an investor presentation at its Chicago headquarters. In June, the company unveiled its newest growth strategy , McDonald's > NEXT. The pillars of the plan include a new restaurant design, better-tasting food and drinks, consumer-led innovation, and improved hospitality from employees. But until Wednesday, executives had offered few details about how they would implement the plan and how it may affect its financial results over the coming years. The shifts come as McDonald's U.S. business tries to rebound from sluggish sales and as consumers hit by years of elevated inflation visit restaurants less often. The chain aims to win over more diners at a time the company expects inflation and flat traffic to restaurants overall will persist, CEO Chris Kempczinski told CNBC. The plan and Kempczinski's comments did not impress Wall Street, as...
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Stocks making the biggest moves premarket: IonQ, Maplebear, Worthington & more

Stocks making the biggest moves premarket: IONQ, CART, WOR Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves premarket: Worthington Enterprises The industrial manufacturing company surged about 16% on an encouraging outlook from leadership. CEO Joseph Hayek said the company is seeing opportunities across its business, "including rapidly growing demand for our engineered [American Society of Mechanical Engineers] tanks used in liquid cooling systems for data centers." First-quarter adjusted earnings and revenue surpassed the Street's estimates, per LSEG. KB Home The homebuilder fell more than 1% after projections for fourth-quarter deliveries came in below expectations. Housing gross margins for the current quarter are expected to range between 16% and 16.6%, while analysts polled by LSEG sought 17.2%. IonQ The quantum computing stock jumped 12% after IonQ said it tested the industry's first real-time quantum error decoder. The new capability allows for quantum error correction across operations without slowing down execution time, the company said in an announcement. Quantum stocks IonQ's breakthrough helped lead the entire quantum sector higher in premarket trading Wednesday. Rigetti Computing and D-Wave Quantum both were higher by more than 5.5%, while Infleqtion rose a similar amount. Six Flags Entertainment The theme park operator was higher by 1% after a Wall Street Journal report that activist hedge fund Jana Partners was encouraging the company to explore a sale. Citing people familiar with the matter, the Journal said the request followed the activist fund's disappointment with Six Flags' second-quarter earnings report. Maplebear The Instacart owner was higher by more than 3% after the company announced that it will allow customers on its grocery platform to use Meta's personal AI agent Muse. It's the latest AI platform to have a partnership with Instacart, joining OpenAI's ChatGPT, Anthropic's Claude and Google's Gemini.

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