McDonald's CEO Chris Kempczinski is betting on Skye Anderson, the exec he's tapped for tough assignments before, to boost sales growth and improve its value push.

McDonald's reported a 5% increase in global sales to $37 billion, with U.S. comparable sales up 0.8%. However, the new $3 value menu did not meet expectations, leading to slowing sales growth, as CEO Chris Kempczinski acknowledged issues with franchise adoption.

McDonald’s Corp. named a new US president to bring “focus and urgency” to its home market, after the fast-food chain posted its slowest growth in over a year.

Wayfair (W) shares jumped after the furniture retailer gave third-quarter guidance during its earnings call. The company said it expects high single-digit revenue growth in the current quarter.

McDonald’s Corp. named a new US president to bring “focus and urgency” to its home market, after the fast-food chain posted its slowest growth in over a year. U.S. same-store sales growth slowed to 0.8% as consumers spent more cautiously, impacted by rising gas prices.

Investors are gearing up for the trading day with key updates including Palantir's earnings report and McDonald's appointment of a new head for its U.S. operations. These developments are expected to influence market sentiment and trading strategies.

McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.

McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.

Lamb Weston Holdings Inc., the potato supplier to restaurants including McDonald’s Corp., offered modest guidance for the coming fiscal year. Customers are switching to cheaper products and diners are eating out less frequently.