Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
McDonald's reports earnings Wednesday before the bell, and franchisees will be watching to see if the fast food giant addresses any of their concerns.
Last year, franchisees formed the National Owners Association as the Chicago-based company pushed discounts and high-tech store renovations.
The Wall Street Journal previously reported that about 400 franchisees — a quarter of U.S. franchisees — attended the group's first meeting in October.
In November, McDonald's said it would slow its pace for remodeling most of its U.S. locations, pushing its deadline from 2020 to the end of 2022. The renovations include adding self-order kiosks, digital menu boards and parking spots for pick-up orders.
The NOA held a second meeting in December, this time reporting more than 1,100 owners present, and is planning to hold a third in April.
Mark Kalinowski, president and CEO of Kalinowski Research, wrote in his recent survey of McDonald's franchisees that he expects "significant interest" in the NOA to continue this year. Concern about pricing continues to be a big issue for franchisees, he said. McDonald's has turned to raising prices on its more premium items like its Signature Crafted Sandwiches, which can cost more than $6, as it tried to woo customers from rivals such as Five Guys and Smashburger.
"My prices are approaching those of a fast-casual restaurant," one respondent to Kalinowski's survey said.
Another franchisee said that "excessive" discounting has affected sales, with cash flow issues leading to labor cutbacks and difficulty hiring employees.
McDonald's has been promoting its $1 $2 $3 Dollar Menu by rotating the items included on the deal. In December, the chain brought back its 2 for $5 Mix & Match deal for a limited time.
Franchisees will also be waiting to see if the company announces additional changes to its store renovation plans. One comment from the NOA's December meeting highlighted in notes on the organization's website said McDonald's decision to slow down renovations did not go far enough. The McDonald's National Leadership Council is negotiating with management, according to a Jan. 11 update from NOA.
Respondents to Kalinowski's survey, which was released last Friday, also voiced frustration with the degree of control held by corporate management, which some see as out of touch. Operators will be eager to see if there are any changes to the McDonald's system that gives more power back to them.
McDonald's did not immediately respond to a request for comment from CNBC.
A survey of analysts by Refinitiv said McDonald's is expected to earn $1.89 per share on revenue of $5.16 billion in the fourth quarter.