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The burgers set to bring huge profits to American McDonald’s stores

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A new menu at McDonald’s stores in the US is set to bring in the big bucks

McDonald’s BTS celebrity meals and crispy chicken sandwiches are expected to fuel a sales increase of 24% when the company reports second-quarter earnings on Wednesday.

The burgers have been deemed ‘popular’ among the fast-food giant’s customer base throughout the United States.

However, analysts are concerned a labor shortage could slow growth.

According to Reuters, if results for McDonald’s fall short of the mark, the lack of cooks and cashiers could be to blame.

As the United States and other economies move toward emerging from the COVID-19 pandemic, an increase in demand for food and goods is exacerbating a shortage of servers, retail workers, truck drivers, and delivery drivers.

That crunch is causing slow service and menu outages

Some of McDonald’s franchisees are cutting operating hours because of staffing problems and seeing sales drop as competitors reopen, according to a survey by Kalinowski.

Some analysts expect McDonald’s U.S. sales to beat estimates, including Nick Setyan of Wedbush Securities, who pointed to new menu items such as the new line of chicken sandwiches, increased marketing spending and growing adoption of the company’s app for ordering.

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Money

Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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