Latest news with #HotFudgeSundaes
USA Today
25-06-2025
- Business
- USA Today
The Daily Money: When can we expect a rate cut?
Good morning! It's Daniel de Visé with your Daily Money, Jerome Powell edition. Despite intensifying political pressure, the Federal Reserve chair is standing by the central bank's wait-and-see approach to interest rate cuts. Powell repeated Tuesday that the Fed plans to assess the effects of President Donald Trump's tariffs before lowering rates, brushing off mounting pressure from both Trump, his own Fed colleagues, and Republican lawmakers. When, then, can we expect a rate cut? Lawmakers seek answers to housing crisis As the housing crisis deepens across the United States, policymakers are increasingly looking for answers. On June 24, Rep. Rashida Tlaib, D-Michigan., brought concerns about housing costs to an unlikely venue: the semiannual testimony of Jerome Powell on Capitol Hill. More than half of the Black women in the counties Tlaib represents have experienced some sort of eviction, she said. Those numbers, she said, are 'horrific.' But what can the Federal Reserve do about the housing crisis? Answers here. 📰 More stories you shouldn't miss 📰 🍔 Today's Menu 🍔 Soon, original glazed doughnuts will no longer be dessert options alongside Oreo McFlurrys and Hot Fudge Sundaes: McDonald's and Krispy Kreme have announced the end of their partnership. Earlier this year, the fast food giant began offering three types of Krispy Kreme treats at about 2,400 McDonald's locations. Why stop now? About The Daily Money Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. Daniel de Visé covers personal finance for USA Today.
USA Today
24-06-2025
- Business
- USA Today
McDonald's and Krispy Kreme are breaking up. Here's why
Original glazed doughnuts will soon no longer be dessert options alongside Oreo McFlurrys and Hot Fudge Sundaes. McDonald's and Krispy Kreme both announced the end of their partnership on Tuesday, June 24. Earlier this year, the fast food giant began offering three types of Krispy Kreme treats at around 2,400 McDonald's locations, including Original Glazed Doughnuts, Chocolate Iced with Sprinkles Doughnuts and Chocolate Iced Kreme Filled Doughnuts. Unfortunately, the offerings failed to be successful and will soon discontinue, according to the companies. "Our two companies partnered very closely, each supporting execution, marketing, and training, delivering a great consumer experience," Krispy Kreme CEO Josh Charlesworth said in a joint news release. "Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us." Now parting ways, Krispy Kreme plans to prioritize expanding availability of its doughnuts while McDonald's focuses on building the success of its breakfast business. When did Krispy Kreme and McDonald's start their partnership? Fast food enthusiasts became aware of the companies' short lived partnership in late 2023 with a phased test roll out of doughnuts began at 160 McDonald's restaurants in the Lexington and Louisville, Kentucky areas. In October 2024, McDonald's restaurants in the Chicago area began selling Original Glazed and other fresh doughnuts. That same month, Krispy Kreme locations began offering customers a free doughnut if they show they show a McDonald's paper or digital receipt dated Oct. 10-14, 2024. The two companies were initially gearing toward offering nationwide availability at participating restaurants by the end of 2026. "Partnering with McDonald's on a national scale will provide our fans and doughnut lovers unprecedented daily access to fresh doughnuts and the joy that is Krispy Kreme," Charlesworth said in a March 2024 news release. The test at 160 McDonald's restaurants in Lexington and Louisville were "successful" as "consumer excitement and demand exceeded expectations." Contributing: Gabe Hauari, USA TODAY
