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Wendy’s strikes deal to bring iconic burgers to Australia

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American fast-food titan Wendy’s is set to introduce its signature square patties to the Australian market.

A deal has been inked with Flynn Restaurant Group, the operator of Pizza Hut, to establish around 200 Wendy’s outlets across the nation in the coming decade.

The landmark partnership signals Wendy’s intent to compete in the Australian fast-food scene, positioning itself as a formidable challenger to established burger giants like McDonald’s and Burger King.

Wendy’s is renowned for its unconventional burger patties and holds the distinction of being the world’s third-largest burger chain after McDonald’s and Burger King.

According to Abigail Pringle, Wendy’s International President, the decision to expand into Australia was bolstered by the successful reception of a pop-up store in Sydney back in 2021.

She highlighted Australia’s strategic importance as a high-priority growth market for the brand.

Flynn Restaurant Group’s extensive experience in the restaurant industry, particularly as operators of Wendy’s outlets in the United States, adds weight to the partnership. Flynn’s acquisition of over 250 Pizza Hut stores in Australia earlier this year further solidified their presence in the country.

International plans

This expansion plan comes as Wendy’s international growth focus gains momentum. The goal is to open around 200 Wendy’s stores across Australia by 2034, with significant growth anticipated post-2025. Wendy’s currently boasts 190 stores under Flynn Restaurant Group’s operation across five US states and the Washington DC area.

The CEO of Flynn Restaurant Group, Ron Bellamy, expressed excitement over the partnership and the untapped potential he sees for Wendy’s in Australia. He noted Wendy’s appeal to Australian consumers, positioning the brand to redefine the quick-service restaurant (QSR) landscape.

Not the first time

This isn’t Wendy’s first foray into the Australian market.

The burger chain initially opened its doors in Melbourne in 1982, though its earlier venture into the country ended with financial struggles. Despite past challenges, Wendy’s new partnership signals a renewed commitment to conquering the Australian market, potentially shaking up the dominance of established players.

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Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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