Recession fears hit Starbucks, Chipotle, McDonald’s stocks
Recession Fears Hit Starbucks, Chipotle, McDonald’s as Consumer Spending Weakens New York, June 10, 2024 – Shares of major fast-food and coffee chains, including Starbucks (SBUX), Chipotle (CMG), and McDonald’s (MCD), tumbled this week as growing recession fears and slowing consumer spending rattled investor confidence. Stocks Under Pressure Starbucks shares fell nearly 5% after reporting weaker-than-expected sales, with customers cutting … Read more