The meme traders are back, and this time they are going for “Wendys [sic] Chicken Tendies.” Wendy’s stock prices jumped up about 26 percent on Tuesday (June 8) after a post on the subreddit r/WallStreetBets argued on behalf of the stock. Following the surge, a Wendy’s spokesperson commented to Yahoo Finance,...
Tesla may have plans to get into the restaurant business. The company filed three trademark applications that indicate its interest in the food service industry — one for the characters in its name, one for the spelled-out Tesla logo, and one for the “stylized ‘T’...
Yum! Brands is continuing its ongoing tech acquisition spree with its purchase of Dragontail Systems Limited, a kitchen management and delivery technology company, which was announced on Wednesday (May 26). Melbourne-based Dragontail creates software that uses artificial intelligence (AI) to streamline order management and delivery...
As state mask mandates and COVID-era restrictions start to expire, the nation’s vast QSR industry is leading the way with innovative ways to entice customers to get their shots and come back to their stores. Fast-casual restaurant Shake Shack, for example, is expanding its initiative...
The CDC announced Thursday (May 13) that it is no longer necessary for fully vaccinated people to wear masks indoors or out, except where required by “state, local, tribal, or territorial laws, rules, and regulations, including local business and workplace guidance.” This is good news...
After a strong start to the year, restaurants are finally looking toward a bright future. Vaccinations are bringing consumers back into restaurants for on-premises dining even as many maintain their digital ordering behaviors. This weekend coming weekend is going to be something of a shot...
Restaurants are back. Spending at United States eateries is not only up 118.8 percent compared to 2020, but also up 5.7 percent compared to the same time in 2019, according to a press release from Mastercard emailed to PYMNTS. This surge can be seen in the...
Since the start of the pandemic, there have been countless conversations and disputes about restaurant aggregator pricing, with restaurants, aggregators, local legislatures and consumers all left feeling frustrated by the lack of legislation, leaving some to wonder whether the aggregator model even works in the...
As restaurants look to rebuild and recover from the oftentimes devastating events of the last 13 months, many are applying for federal aid from the $28.6 billion Restaurant Revitalization Fund (RRF). To help restaurants access these funds, the U.S. Small Business Administration (SBA) is partnering...
