From Investing.com: 2025-05-02 07:00:00

Lower-cost food and beverage retailers McDonald’s and Starbucks report significant declines in US sales for the first quarter, attributing it to consumer uncertainty and frugal behaviors. Executives note challenges in passing on higher prices and poor consumer sentiment affecting personal consumption. Chipotle CEO also sees impact of consumer uncertainty on spending habits. Market trading update reveals 8-day winning streak but warns of short-term overbought condition. Continuing jobless claims rise, signaling difficulties for job seekers. China sells gold, causing gold prices to drop by 3%. Be cautious when buying gold based on China’s actions.



Read more at Investing.com: McDonalds and Starbucks Confirm Eroding Consumer Sentiment