
Fox Business Briefs 7/22
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
Chick-fil-A to open new location in Brooklyn, and ‘cows will eat free’
Chick-fil-A is opening a new location in Brooklyn this week. The fast-food chain is offering customers a free entrée if they dress like cows. The new location has created “over 75 jobs” for the community, the company says. It employs more than 200,000 team members in more than 3,000 restaurants across the U.S., Canada and Puerto Rico.
The establishment, which be located in the borough’s downtown section by Smith Street and Livingston Street, opens at 6:30 a.m. on Thursday.
“To celebrate the restaurant moo-ving into town, cows will eat free on opening day,” a media release says.
Local owner-operator Rafael Camargo and his team will be looking for patrons dressed like the animals or at least sporting black and white spots to offer each of them one free breakfast or lunch/dinner entrée inside the restaurant.
HUNGRY FLORIDA BOATERS SHELL OUT ‘BEST $50 EVER SPENT’ FOR FAST FOOD DELIVERED AT SEA
“Whether it’s a full cow suit or a simple cow-spotted accessory, Guests of all ages are encouraged to join the fun,” Chick-fil-A said.
“As a local Owner-Operator, I feel honored to have the opportunity to make a positive impact in the Brooklyn community.” Camargo said in a statement.
SUMMERTIME FAVORITE RETURNS TO CHICK-FIL-A FOR 16TH YEAR
“Chick-fil-A Smith & Livingston will offer more than just delicious food – we hope to inspire growth and build meaningful relationships with everyone who walks through our doors,” he concluded.
The new location has created “over 75 jobs” for the community, according to the fast-food company.
CLICK HERE TO READ MORE ON FOX BUSINESS
Chick-fil-A says it “is the third largest quick-service restaurant company in the United States,” employing more than 200,000 team members in more than 3,000 restaurants across the U.S., Canada and Puerto Rico.
GM profit shrinks despite stronger sales
General Motors’ net income shrank 35% in the second quarter despite strong sales gains. President Trump’s automotive tariffs weighed on the largest automaker in the U.S. GM said few of its tariff “mitigation” efforts, such as making more vehicles at its U.N. factories, were fully implemented. GM hasn’t implemented wide-scale price increases in response to tariffs, but Barra hasn’t ruled out raising prices, saying the company will stay competitive. The company has announced moves to shift a small share of production to the U.,S., such as bringing the gas-powered Chevrolet Blazer SUV from a factory in Mexico to one in Tennessee.
Despite the drop in profit, GM’s results exceeded Wall Street estimates for revenue and adjusted operating income. The company maintained its previous profit guidance for 2025.
In a letter to shareholders, Chief Executive Mary Barra said GM is “positioning the business for a profitable, long-term future as we adapt to new trade and tax policies, and a rapidly evolving tech landscape.”
GENERAL MOTORS RECALLS 62,500 CHEVY SILVERADOS OVER BRAKE FIRE RISK
Tariffs hit GM’s operating income by $1.1 billion in the second quarter. The company’s net income of $1.8 billion was down from $2.9 billion in the second quarter of 2024. GM said few of its tariff “mitigation” efforts, such as making more vehicles at its U.S. factories, were fully implemented.
The company earlier this year said tariffs would add costs of $4 billion to $5 billion—about a third of its pretax profit last year—and that it aims to offset 30% of the tariff bill through actions like adjusting its manufacturing footprint.
GENERAL MOTORS IS HALTING EXPORTS OF VEHICLES TO CHINA
GM hasn’t implemented wide-scale price increases in response to tariffs, but Barra hasn’t ruled out raising prices, saying the company will stay competitive.
GM posted an industry-leading sales gain of 12% through the first half of the year, according to Cox Automotive. Sales for the industry as a whole were up 7% during the same period, Cox data show.
Trump in April imposed 25% tariffs on imported vehicles and on automotive parts, though he later softened the blow by exempting most parts from Canada and Mexico and allowing automakers to pay tariffs only on the non-U.S. content in their vehicles assembled in Canada and in Mexico.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
GM imports roughly half the vehicles it sells in the U.S., including entry-level Chevrolets and Buicks manufactured in South Korea that have sticker prices under $30,000, as well as full-size trucks and electric vehicles made in Mexico and Canada.
Ticker Security Last Change Change % GM GENERAL MOTORS CO. 48.88 -4.37 -8.20%
The small SUVs it produces in South Korea, such as the Chevy Trax, still cover their costs of production even with tariffs, GM has said.
The company has announced moves to shift a small share of production to the U.S., such as bringing the gas-powered Chevrolet Blazer SUV from a factory in Mexico to one in Spring Hill, Tenn.
“We’re trying to make changes to pay less tariffs because we’re strengthening our U.S. manufacturing,” Barra said during a Wall Street Journal event in May.
First-ever Tesla Diner opens in Hollywood
The Tesla Diner in Los Angeles is now welcoming guests looking to recharge their stomachs and electric vehicles (EVs) 24/7. The two-story venue on Santa Monica Boulevard features two 66-foot-tall LED “megascreens,” according to the diner’s website. Guests must be either “actively charging or dining” to watch the screens. The diner has more than 250 seats for dining, 80 Supercharger stalls and “exclusive merchandise,” such as “Supercharged Gummies” and a Tesla Bot Action Figure. Elon Musk has described the diner as “retro-futuristic”
On Tuesday morning, Tesla CEO Elon Musk shared three posts to X about the diner he has described as “retro-futuristic.” It officially opened on Monday in Hollywood.
“Only Tesla has you taking a photo of the bathroom before you use it,” one retweeted post by Musk said.
The two-story venue on Santa Monica Boulevard features two 66-foot-tall LED “megascreens,” according to the diner’s website.
TESLA LAUNCHES TEST RUN FOR FSD SUPERVISED, AN AI-POWERED RIDE HAILING SERVICE
“View from our Skypad or from your Tesla vehicle cabin using the Tesla Diner app,” the website says, advising that Tesla drivers can use the touchscreen in their car to see what is playing and what is coming up on the diner’s screens.
Along with sci-fi movies, SpaceX rocket launches are expected to be shown.
ACTIVISTS PLACE ELON MUSK SALUTE CUTOUTS ON TESLA CHARGERS, VIDEO SHOWS
The diner has more than 250 seats for dining, 80 Supercharger stalls and “exclusive merchandise,” such as “Supercharged Gummies” and a Tesla Bot Action Figure.
On the first floor, visitors can enjoy the kitchen, bar and dining area. The second story currently has bar and table seating, although theater-style seating may be in the works, local FOX 11 reported.
Those looking to multitask while charging may order from the menu – which offers classics like breakfast tacos, biscuits and red gravy and Tesla burgers – from their Tesla.
While “Tesla Diner parking is for EV charging only,” the diner’s support website says, visitors do not need to be Tesla owners to visit. Guests must be either “actively charging or dining” to watch the screens.
Musk posted on July 14 that he had dinner at the diner, and called it “one of the coolest spots in LA!”
Alcohol is not currently served at Tesla Diner and cash is not accepted, its website said.
Ticker Security Last Change Change % TSLA TESLA INC. 328.49 -1.16 -0.35%
Construction on the project kicked off in the fall of 2023, according to reports.
CLICK HERE TO READ MORE ON FOX BUSINESS
Musk has helmed Tesla since 2008. The company is slated to release its second-quarter financial results after market close on Wednesday.
FOX Business’ Aislinn Murphy contributed to this report.
McDonald’s Snack Wrap returns to mixed reviews after 9-year hiatus
McDonald’s reintroduced the snack wrap Thursday after a nearly decade-long hiatus. The $2.99 snack wrap consists of a McCrispy chicken strip, cheese and lettuce wrapped up in a tortilla. The wrap is available in two flavors — ranch and spicy — and customers can choose between a spicy pepper sauce or a ranch dressing sauce, according to the McDonald’s website. Some people took to social media to praise the return of the wrap, while others criticized the taste of the chicken and the lack of some of the discontinued sauces. McDonald’s said its customers’ love for snack wraps made it decide to bring them back. The fast-food giant did not immediately respond to a request for comment for this story to FOX Business’ Aislin A.n Murphy, who first reported the news, on Thursday’s return of snack wraps on McDonald’s menus across the nation.
“Happy snack wrap day,” McDonald’s posted on X Thursday morning.
The reintroduction of the snack wrap, which was discontinued nationwide about nine years ago, had been highly anticipated after the company last month revealed July 10 would be the date of its return.
MCDONALD’S FAN-FAVORITE SNACK WRAP RETURNS THIS WEEK
The Snack Wrap, priced at $2.99, consists of a McCrispy chicken strip, cheese and lettuce wrapped up in a tortilla. The wrap is available in two flavors — ranch and spicy — and customers can choose between a spicy pepper sauce or a ranch dressing sauce, according to the McDonald’s website.
Some people took to social media to praise the return of the wrap.
“This country is finally healing,” one X user wrote on the platform. “The #snackwrap is back and tastes just like I remembered.”
“The McDonald’s snack wrap is everything I’ve ever dreamed of,” another user said.
“Snack wrap is 10/10, and I’m so, so happy my [favorite] fast food meal is back,” said another X user.
Others seemed less enthusiastic about the reintroduced Snack Wrap, some criticizing the taste of the chicken and the lack of some of the discontinued sauces.
MCDONALD’S MCCRISPY STRIPS RECEIVE MIXED REVIEWS AS ANALYST QUESTIONS IMPACT ON UPCOMING SNACK WRAP
“The new McDonalds snack wrap is one of the most disappointing things I’ve ever consumed,” one X user wrote. “One tiny, sad, chewy piece of chicken. 0 spice for the ‘spicy.’ What an L.”
“Snack wrap review: 0/10, would not recommend – from my McDonald’s at least,” another X user said, sharing two photos of the wraps. “That thing I circled? Allegedly lettuce. I have my doubts.”
“The snack wraps are $4 each?!? And there’s no chipotle bbq or honey mustard?” another user wrote. “@McDonald’s you guys are dumb.”
“McDonald’s snack wrap is 0/10 garbage,” one user said. “The new chicken tender is not food.”
“Ew McDonald’s count your f—ing days, that snack wrap is nasty,” another X user said on the platform. “Y’all could’ve kept that after all these years. I’m disappointed.”
MCDONALD’S TEASES THE RETURN OF SNACK WRAPS ON SOCIAL MEDIA
McDonald’s is selling the snack wrap by itself and as a combo consisting of two snack wraps, medium fries and a drink.
The fast-food giant first launched the McCrispy Strips, which are featured in the new Snack Wraps, earlier this year, and some consumers criticized the taste of the chicken.
McDonald’s had long been promoting the snack wrap’s return. In mid-April, the company hinted on social media that it would arrive “0x.14.2025.” Before that, McDonald’s U.S. President Joe Erlinger revealed in early December the company had plans to relaunch snack wraps in 2025, telling “Good Morning America” they had a “cult following” and that he had received “so many emails into my inbox about this product.”
McDonald’s said its customers’ love for snack wraps made it decide to bring them back.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“From countless social media posts to full-fledged petitions, they never gave up on their favorite menu item,” the company said. “They’re the ones who inspired us to make its return to the menu happen.”
McDonald’s did not immediately respond to FOX Business’ request for comment.
FOX Business’ Aislinn Murphy contributed to this report.
Uber partners with Chinese tech giant to roll out driverless vehicles across multiple global markets
Uber is joining forces with Chinese tech company Baidu to roll out thousands of driverless vehicles on its ride-sharing platform across multiple international markets. The first deployments are expected to happen later this year in the Middle East and Asia. The move comes as tech companies compete to launch self-driving taxis commercially. Uber and alphabet-owned Waymo began offering driverless rides in Austin and Atlanta earlier this year.
The move – which combines Uber’s expansive network and Baidu’s Apollo Go autonomous vehicles – comes as tech companies compete to launch self-driving taxis commercially, according to Reuters.
UBER TO OFFER DRIVELESS RIDES WITH WAYMO IN AUSTIN, ATLANTA
The first deployments are expected to happen later this year in the Middle East and Asia.
The partnership “represents a major milestone in deploying our technology on a global scale,” Baidu co-founder and CEO Robin Li said on Tuesday, Reuters reported.
UBER OFFERING DRIVERLESS RIDES IN MAJOR TEXAS CITY
Earlier this year, Uber and alphabet-owned Waymo began offering driverless rides in Austin and Atlanta. Uber also announced in May that it is partnering with German auto manufacturer Volkswagen to launch all-electric, autonomous shared rides in the U.S. by 2026.
UBER PARTNERS WITH VOLKSWAGEN TO LAUNCH AUTONOMOUS SHARED RIDES BY 2026
Tesla rolled out its new robotaxi service in Austin, Texas, last month with a small fleet of self-driving vehicles. Following the launch, riders reportedly documented multiple incidents of driving issues with the vehicles, according to Reuters.
Waymo has similarly faced complaints, as some California residents have said the company’s driverless electric cars’ charging lots generate near-constant noise.
Uber currently operates in more than 15,000 cities, according to its website.
Baidu’s Apollo Go robotaxi services are available in 15 cities and have completed more than 11 million rides, as of May, according to Reuters.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Uber and Baidu did not immediately respond to FOX Business’ request for comment.
Source: https://www.foxbusiness.com/video/6375972135112