McDonald's is ending its AI drive-thru trial after customers reported errors in their orders - including bacon being added to ice cream. The fast food chain's AI ordering system, developed by IBM, uses voice recognition to process orders and has been rolled out at more than 100 McDonald's locations in the US since 2021. However, the technology's reliability has been called into question in recent months, with members of the public sharing videos of order mix-ups on social media.As well as topping a dessert ...

McDonald's Corporation (MCD) benefits from the robust loyalty program, menu innovation, expansion efforts and global comps growth. McDonald’s expects its velocity accelerators of Experience of the Future, digital and delivery to drive growth in the long term.Despite the aforementioned factors, the company’s shares have lost 13.7% in the past year, compared with the industry’s decline of 7.2%. Inflationary pressures and macroeconomic woes are the reasons behind the decline. Let’s delve deeper.Growth DriversE ...

McDonald's (MCD) ended the recent trading session at $253.51, demonstrating a -0.03% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.77%. Meanwhile, the Dow experienced a rise of 0.49%, and the technology-dominated Nasdaq saw an increase of 0.95%.The the stock of world's biggest hamburger chain has fallen by 6.9% in the past month, lagging the Retail-Wholesale sector's gain of 0.04% and the S&P 500's gain of 3.71%.Analysts and investors alike wi ...

ermingut MCD stock: dividend yields near peak levels in at least 5 years McDonald’s (NYSE:MCD) caught my attention in my screening of dividend stocks. In these screens, I look for dividend stocks whose yields are noticeably above or below their historical averages. More specifically, the chart below shows MCD's dividend yield compared to its historical average in the past 5 years. As you can see, McDonald's current dividend yield of 2.58% is significantly above its 5-year historical average of 2.23%. Mo ...

After two years of testing, McDonald’s has ended its partnership with IBM to develop an artificial intelligence (AI)-powered drive-thru system. The collaboration, which aimed to change the fast-food ordering process by replacing human workers with voice-activated chatbots, had been a closely watched experiment in the industry.The fast-food giant’s decision to remove the technology from over 100 restaurants and seek a new partner underscores the challenges and opportunities presented by AI-powered voice orde ...

McDonald’s is reportedly planning to end its artificial intelligence-powered automated drive-thru order-taking experiment at more than 100 locations after angry customers reported receiving items they didn’t order.The gaffes including adding nine sweet teas to one customer’s order and giving another customer an ice cream cone topped with bacon.The Chicago-based fast food chain and IBM partnered on the pilot program two years ago at select franchises.But the company recently informed franchisees in a recent ...

McDonald's is removing its Automated Order Taker technology from over 100 restaurants.The food chain collaborated with IBM in 2021 to develop and deploy the AI software.Videos showing flaws with the technology at McDonald's drive-thrus went viral in 2023. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By ...

Blue-chip stocks are synonymous with stability and reliability. Investors search amongst these names to find companies with long track records of strong performance, healthy financials and established market presence. These stocks typically come attached to a premium price tag. Yet, even in the current market euphoria, with indices climbing to new heights by the day, a decent number of blue-chip gems are trading near their 52-week lows.Despite most blue-chip stocks continuing to post strong results in recen ...

Some may call it corporate greed, and some may buy the media message, but the truth is that fast food isn’t cheap or quick. This CNBC short documentary covered some of the factors behind fast food price increases. However, it only covered one side of the equation, and investors should have access to the whole picture.The whole picture includes some corporate greed factors, as the issue doesn’t just lie with wage increases and commodity costs; it goes way beyond that. Investors—and consumers—should know that ...

Magdalena Wygralak McDonald’s (NYSE:MCD) is looking back on a 13-quarter streak of uninterrupted, comparable sales growth, despite high inflation weighing on consumer spending in the last two years. The fast-food chain is, despite headwinds, generating consistent, low-single digit growth in comparable revenues and continues to focus aggressively on expansion, both in the U.S. and abroad. I believe McDonald’s is set to benefit from moderating inflation -- a key catalyst for accelerating growth in system- ...