Bhinneka News Online: Analysis: How McDonald's plans to bring back traffic with new cheaper chicken sandwiches

Friday 12 February 2021

Analysis: How McDonald's plans to bring back traffic with new cheaper chicken sandwiches

When McDonald's Corp rolls out its new crispy chicken sandwich line on Feb. 24, it will swap out a higher-priced premium chicken sandwich from its menu, the company confirmed to Reuters.

Bank of America CEO Moynihan's pay falls more than 7% in 2020

Bank of America Corp Chief Executive Officer Brian Moynihan's annual pay fell by about $2 million, or 7.5%, in 2020, a regulatory filing showed on Friday.

VIX 'fear gauge' ends below 20 for first time in nearly a year

The Cboe Volatility Index, known as Wall Street's "fear gauge," ended below 20 for the first time in nearly a year on Friday.

S&P 500 hits record peak as stocks post weekly gain

The S&P 500 and Nasdaq set record closing highs on Friday as investors bought energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover.

Bumble CEO's net worth nears $2 billion as stock rallies post debut

Bumble Inc Chief Executive Officer Whitney Wolfe Herd's stake in the women-centric dating app operator was worth nearly $2 billion, as shares rallied for a second straight day after a blockbuster debut on Thursday.

U.S. says it's back at the table to help global economic recovery

New U.S. President Joe Biden's administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.

IMF's Georgieva says G7 in "full alignment" on stimulus, vaccines

International Monetary Fund Managing Director Kristalina Georgieva said on Friday that G7 finance leaders were in "full alignment" on a range of issues from fiscal stimulus to aid for poor countries.

Lower-income households dim U.S. consumer sentiment

U.S. consumer sentiment unexpectedly fell in early February amid growing pessimism about the economy among households with annual incomes below $75,000, even as the government is poised to deliver another round of COVID-19 relief money.

Friendly fire erupts as economists spar over U.S. stimulus

It's not surprising U.S. President Joe Biden's $1.9 trillion coronavirus emergency plan touched off concerns that a gusher of federal spending on the possible eve of a vaccine-fueled economic take-off might lead to inflation.

Oil edges higher on U.S. stimulus hopes, tighter supplies

Oil prices climbed more than 2% on Friday, hitting the highest levels in more than a year on hopes a U.S. stimulus will boost the economy and fuel demand, as supplies tighten due largely to output cuts by top producing countries.