Krispy Kreme to Be Sold , at McDonald’s Nationwide.
Krispy Kreme to Be Sold , at McDonald’s Nationwide.
Both food chains made the announcement
on March 26, CNBC reports.
.
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide.
.
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports.
.
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries.
, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs.
.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs.
.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonald’s
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonald’s
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Places to Score Great Deals , for National Doughnut Day This Year.
CNBC reports that National Doughnut Day was created in 1938 by the Salvation Army.
CNBC reports that National Doughnut Day was created in 1938 by the Salvation Army.
The day was meant to honor their
"Donut Lassies," women who volunteered
to care for wounded soldiers.
They'd attempt to boost the morale
of troops by making doughnuts.
Since then, every year, National Doughnut Day is celebrated on the first Friday of June.
This year, in honor of National Doughnut Day on June 7, here are some sweet deals.
Dunkin', Get one free classic doughnut
with the purchase of a beverage.
Krispy Kreme, Anyone can get one free doughnut
in-store while supplies last.
LaMar’s Donuts & Coffee, Customers can get a free
glazed doughnut on June 7.
Shipley Donuts, One free doughnut with any
purchase will be offered to shoppers.
Voodoo Doughnuts, Snag a dozen pink Raised Glazed
doughnuts for only $10 on June 7.
Credit: Wibbitz Top Stories Duration: 01:30Published
McDonald’s Releases $5 Value Meal , to Help Fight Inflation.
The fast-food chain will debut a "$5 Meal Deal"
in the U.S. beginning on June 25, CNN reports. .
We heard our fans loud and clear —
they’re looking for even more great
value from us, and this summer
that’s exactly what they’ll get. , Joe Erlinger, president of McDonald’s USA, via press release.
The value meal will include either a
McDouble or a McChicken sandwich, small fries, 4-piece chicken nuggets and small drink.
The value meal will include either a
McDouble or a McChicken sandwich, small fries, 4-piece chicken nuggets and small drink.
However, it will only be
available for a limited time.
Social media has been rife with consumers complaining about the prices of fast food lately, including the cost of food at McDonald's.
Social media has been rife with consumers complaining about the prices of fast food lately, including the cost of food at McDonald's.
Joe Erlinger, president of McDonald’s USA, put out a letter citing “viral social posts and poorly sourced reports that McDonald’s has raised prices significantly beyond inflationary rates.”.
The average price of a Big Mac
in the U.S. was $4.39 in 2019, Joe Erlinger, president of McDonald’s USA, via press release.
Despite a global pandemic and historic
rises in supply chain costs, wages and other
inflationary pressures in the years that
followed, the average cost is now $5.29.
That’s an increase of 21% (not 100%), Joe Erlinger, president of McDonald’s USA, via press release.
Other McDonald's franchisees are
offering deals such as "buy one, get one" breakfast sandwiches to entice customers.
Affordable prices and creating
memorable moments are what
McDonald’s is all about. , John Palmaccio, a McDonald’s owner and chair of the
Operator’s National Advertising Fund, via CNN.
As small business owners, it’s our
responsibility to deliver great
value to our local communities
when they need it most, John Palmaccio, a McDonald’s owner and chair of the
Operator’s National Advertising Fund, via CNN
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonald’s Ends , AI Drive-Thru Test With IBM.
Fox News reports that McDonald's has decided to end its artificial intelligence drive-thru program. .
According to 'Restaurant Business,'
McDonald's Chief Restaurant Officer Mason Smoot said
the decision was made "after a thoughtful review.".
McDonald's has decided to end
our current partnership with IBM
on AOT [automated order taking]
and the technology will be shut
off in all restaurants currently testing
it no later than July 26, 2024, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
The program, which started
in 2021, saw over 100 McDonald's
locations help test the new technology.
While there have been successes
to date, we feel there is an
opportunity to explore voice
ordering solutions more broadly, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
According to Smoot, McDonald's will make
"an informed decision on a future voice
ordering solution by the end of the year." .
The goal of the test was
to determine if an automated
voice ordering solution could
simplify operations for crew
and create a faster, improved
experience for our fans, McDonald's statement, via Fox News.
The company echoed Smoot's sentiment in
a statement to Fox News, while also addressing
the future of AI programs at McDonald's.
After thoughtful review, McDonald’s
has decided to end our current global
partnership with IBM on AOT beyond
this year. IBM remains a trusted
partner and we will still utilize
many of their products
across our global system, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News
Credit: Wibbitz Top Stories Duration: 01:30Published
Walgreens Plans , ‘Significant’ Store Closures.
On June 27, Walgreens announced quarterly earnings
that were poorer than expected, NBC News reports.
The company's stock fell 15% in pre-market trading.
CEO Tim Wentworth issued a press release.
We continue to face a difficult operating
environment, including persistent
pressures on the U.S. consumer and the
impact of recent marketplace dynamics
which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.
Our results and outlook
reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.
Wentworth elaborated in an interview with CNBC.
The consumer is absolutely stunned by
the absolute prices of things, and the
fact that some of them may not be
inflating doesn’t actually change their
resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.
On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".
75% of our stores drive 100% of our
profitability today. What that means is
the others we take a hard look at, we are
going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.
The pharmacy chain currently
operates about 8,600 stores
Credit: Wibbitz Top Stories Duration: 01:30Published
US Water System May Be , Vulnerable to Cyberattack, by China, Russia and Iran.
CNBC reports that the United States
water system has been the target of a series
of cyberattacks over the past few years. .
In response, the Environmental Protection Agency
(EPA) has been forced to issue an alert warning
that 70% of water systems do not comply
with the Safe Drinking Water Act.
According to the EPA, some have “alarming
cybersecurity vulnerabilities,” including
unchanged default passwords and former
employees who retain access to vital systems.
In February, the FBI issued a warning to
Congress that Chinese hackers have embedded
themselves into the U.S. cyber infrastructure. .
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Water is among
the least mature
in terms of security, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Stuart Madnick, an MIT professor of engineering
systems and co-founder of Cybersecurity at
MIT Sloan, warns that an attack that shuts off
water to the population is the main concern.
We have demonstrated in our
lab how operations, such as
a water plant, could be shut
down not just for hours or
days, but for weeks, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
CNBC reports that budgets, outdated
infrastructure and an overall reluctance to take
action may prevent necessary fixes from
being made before a serious attack.
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of China’s
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
It’s patently absurd that Apple isn’t
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
![Places to Score Great Deals for National Doughnut Day This Year [Video]](https://video.newsserve.net/300/v/20240606/1377696206-Places-to-Score-Great-Deals-for-National-Doughnut.jpg)
![McDonald’s Releases $5 Value Meal to Help Fight Inflation [Video]](https://video.newsserve.net/300/v/20240621/1379228386-McDonald-Releases-Value-Meal-to-Help.jpg)
![McDonald’s Ends AI Drive-Thru Test With IBM [Video]](https://video.newsserve.net/300/v/20240617/1378836034-McDonald-Ends-AI-Drive-Thru-Test-With.jpg)
![Walgreens Plans ‘Significant’ Store Closures [Video]](https://video.newsserve.net/300/v/20240627/1379798452-Walgreens-Plans-Significant-Store-Closures.jpg)
![US Water System May Be Vulnerable to Cyberattack by China, Russia and Iran [Video]](https://video.newsserve.net/300/v/20240627/1379775424-US-Water-System-May-Be-Vulnerable-to-Cyberattack.jpg)
![European Union Announces Higher Tariffs on Chinese EVs [Video]](https://video.newsserve.net/300/v/20240612/1378388372-European-Union-Announces-Higher-Tariffs-on-Chinese-EVs.jpg)
![Elon Musk Drops Lawsuit Against OpenAI [Video]](https://video.newsserve.net/300/v/20240612/1378360518-Elon-Musk-Drops-Lawsuit-Against-OpenAI.jpg)
![Apple Is Reportedly Building a Dedicated Passwords App [Video]](https://video.newsserve.net/300/v/20240607/1377790072-Apple-Is-Reportedly-Building-Dedicated-Passwords-App.jpg)
