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California's FAST Act legislation is going into effect on Monday, April 1, mandating fast-food chains with over 60 locations nationwide to increase their minimum wage to $20 per hour within the state. Major names like Starbucks (SBUX), McDonald's (MCD), and Chipotle (CMG) will be significantly impacted by this new law. Yahoo Finance's Brooke DiPalma breaks down the details, providing insights into how these affected chains may attempt to offset the substantial wage increases. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Dutch Bros, Dunkin', McDonald's, and even Wendy's, Burger King and Taco Bell are all looking to get a piece of the breakfast compeition.
More food brands and international chains are feeling extended pressures due to ongoing geopolitical conflicts and China's own consumer markets. Jefferies Managing Director of Equity Research Andy Barish and Bank of America Managing Director for Equity Research Bryan Spillane sit down with Yahoo Finance Live to elaborate on which multinational brands have the most exposure. "Most if not all of the exposure to the Middle East is through license or franchise. But clearly, it is the... the large multinationals like McDonald's (MCD), like Starbucks (SBUX), Yum! Brands (YUM) that in particular have seen some pushback against American brands given the conflict going on," Barish says. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.