McDonald's global same-store sales down 22% in March
McDonald's said Wednesday that its global same-store sales fell 22% in March as the coronavirus pandemic led the fast-food chain to close its dining rooms. In its international developmental licensed markets and corporate restaurants segment, which includes China, Japan and Brazil, same-store sales fell 19.4% in March. The company said that its global same-store sales fell 3.4% in the first quarter.
business-news business restaurants breaking-news-business retail-industry mcdonalds-corp
GoogleRelated Articles
Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person
Elon Musk’s financial upswing shows no signs of slowing. The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s fortune has grown by $57.2 billion this year, the second-biggest increase on the index after Amazon.com Inc. founder Jeff Bezos’s.
technology business markets wealth valuation sp-500-index amazoncom-inc tesla-inc pursuits elon-reeve-musk bernard-arnault mark-elliot-zuckerberg billionaires space-exploration-technologi
Bloomberg
Zuckerberg says there's 'no end in sight' for Facebook employees working from home
Facebook CEO Mark Zuckerberg on Thursday said there is no timetable for when employees will return to the company's offices amid a continuing surge in Covid-19 cases in the U.S. Zuckerberg made his comments on a call with analysts about Facebook's second-quarter results, specifically criticizing the Trump Administration for its handling of the coronavirus.
facebook technology business mark
Cnbc
Oil had the best quarter in the last 30 years
After crashing to the lowest level in history earlier this year, oil prices made a huge comeback. Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June. Brent crude futures skyrocketed more than 80% in the second quarter. It was the international benchmark’s best quarterly performance since the third quarter of 1990 during the first Gulf War
business oil prices q2
CNBC
British economy contracted 2.2%, worse than expected
UK Prime Minister Boris Johnson set for a major speech on the economy soon but the overall situation looks worse than expected. The UK economy shrank more than first thought between January and March, contracting 2.2% in the joint largest fall since 1979, official figures show. The Office for National Statistics (ONS) revised down its previous estimate of a 2% contraction, with all the main economic sectors dropping
uk economy business
BBC