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.

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.

Downtown Neiman Marcus too valuable to lose
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Dallas leaders and stakeholders say the soon-to-close Downtown Dallas Neiman Marcus location is too valuable to lose over a ground lease dispute.

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.

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.

Denny’s to close more restaurants in 2025

Denny’s is set to close more locations in the U.S. than previously announced. Here's what to know.

Here are the stores that are closing in 2025

Several top retailers in the U.S. have closed their stores as the organizations attempt to adjust their business operations amid major changes in the industry.