McDonald's CEO gives 3 predictions for the restaurant business in 2025

McDonald’s CEO Chris Kempczinski this week offered up three predictions for trends that the quick-service restaurant industry could see this year.

Expect more restaurant bankruptcies in 2025, expert says

A growing number of restaurant chains have fallen on hard times. A bankruptcy attorney expects this trend to continue, saying companies are saddled with debt.

Costco announces 9 new stores opening in 2025, starting with 6 in March

Costco is opening nine new warehouse stores this year around the world, with six beginning operations in cities across the U.S. in the coming weeks.

Minimum wage earners must work impossible number of hours to afford rent: report

Despite many minimum-wage workers living in apartments with below-average rents, they’re still spending more than 30% of their income on housing.

Denny's temporarily adds egg surcharge as bird flu drives up prices

Denny’s joins several restaurants that are charging extra for eggs on the menu as the nation manages an egg shortage and bird flu crises.

Elon Musk email to federal employees targeted in lawsuit

Here's the latest on the email fiasco that developed over the weekend involving Elon Musk and hundreds of thousands of federal employees.

Starbucks laying off more than 1,000 corporate employees

The move comes as dozens of other private companies have announced layoffs so far in 2025, in addition to thousands of positions being affected within the federal government.

Hooters to file for bankruptcy soon: Report

After shuttering dozens of restaurants last year, Hooters will soon file for bankruptcy, according to a new report.

Small businesses struggle to recover after NE fatal plane crash
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Three weeks after a medical jet crashed into a Northeast Philadelphia neighborhood, the small businesses near the crash site are struggling to recover from the heartbreaking event.

Southwest Airlines to cut 15% of its workforce in its first-ever mass layoffs

The Dallas-based airline says its “workforce reductions" of 1,750 jobs will focus mainly on corporate overhead and leadership positions, including senior leadership and directors.

Valentine's Day specials extended at Philly businesses due to Eagles Super Bowl parade

This weekend, many couples are celebrating a belated Valentine’s Day since the holiday fell on the same day as the Eagles Super Bowl parade. Businesses and restaurants took that into consideration and extended the love to patrons, by extending their holiday specials past Friday.

Restaurants, businesses extend Valentine's Day specials
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Philadelphia restaurants and businesses extended their Valentine Day specials into the weekend, as the Philadelphia Eagles Super Bowl parade fell on the traditional love day.