(Reuters) – McDonald’s will roll out its $5 meal deal from June 25 for a limited time at some restaurants across the U.S., the burger giant said on Thursday, as fast-food chains ramp up cost-friendly options to boost spending among lower-income groups. Restaurant Brands International-owned rival, Burger King, is also considering a $5 “Your Way […]
By Casey Hall SHANGHAI (Reuters) – An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world’s second-largest economy. From coffee to cars to clothes, China’s discount retailers have cut prices on just about everything as they […]
andresr / Getty Images When Americans travel outside of the United States, there’s often a lot of culture shock experienced. The food might be prepared in a unique way and taste the exact opposite of what it is like at home. The languages are obviously different. And the amount of money people spend in other […]
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts the world. China has reported a surge in tourism during the just concluded Labor Day holiday, but travelers cut back on their spending, in a sign that consumption in world’s second largest […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Dining out these days might seem like a luxury for Americans pinched by inflation. For some restaurants, […]
Proponents of big government at all levels always have a strategy for spending more of your hard-earned tax dollars. If times are tight – like during the Great Recession – they push for stimulus checks and bailouts to artificially prop up the economy. The nation’s entire economy will implode without the intervention, they dramatically claim. […]
The Home Depot Inc. Co-Founder Ken Langone is a billionaire with a unique perspective on wealth and spending. Langone, whose net worth is $7.6 billion, grew up in a family where money was scarce but love was abundant. His parents, a plumber and a school cafeteria cook, provided for their family despite living paycheck to […]