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Month: March 2024

Do you want fries with that? Krispy Kreme doughnuts are coming to McDonald’s

Do you want fries with that? Krispy Kreme doughnuts are coming to McDonald’s

NEW YORK (AP) — Krispy Kreme and McDonald’s are getting together over breakfast.

The doughnut chain and the fast food giant unveiled plans Tuesday to offer Krispy Kreme products at McDonald’s locations across the United States. A phased rollout is expected to start later this year, the companies said, with availability at participating restaurants nationwide expected by the end of 2026.

McDonald’s didn’t specify how many of its 13,500 U.S. locations — 95% of which are franchised — would be participating in the deal. But in a prepared statement, Krispy Kreme President and CEO Josh Charlesworth said the partnership would give customers “unprecedented daily access” to the Charlotte, North Carolina-based company’s glazed, filled and frosted treats.

“By making Kreme Krispy accessible to fans nationwide through this partnership, we expect to more than double our points of access by the end of 2026,” Charlesworth said.

Tariq Hassan, chief marketing and customer experience officer for McDonald’s USA, said the deal marked a chance to “unlock new business opportunities” in the Chicago-based chain’s breakfast category and the sweet items it sells throughout the day. read more

Trump’s social media company gains in its first day of trading on Nasdaq

Trump’s social media company gains in its first day of trading on Nasdaq

NEW YORK (AP) — Shares of Donald Trump’s social media company rose about 16% in the first day of trading on the Nasdaq, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president.

Trump Media & Technology Group Corp. merged Monday with a blank-check compan y called Digital World Acquisition Corp. Trump Media, which runs the social media platform Truth Social, has now taken Digital World’s place on the Nasdaq stock exchange.

Shares closed at $57.99, up 16.1%, giving the company a market value of $7.85 billion. At one point the stock was up about 59%. Trump holds a nearly 60% ownership stake in the company, now worth about $4.6 billion.

Many of those investing in Trump Media are small-time investors either trying to support Trump or aiming to cash in on the mania, instead of big institutional and professional investors. Those shareholders helped the stock of Digital World more than double this year in anticipation of the merger going through. read more