Retail, Fast Food Stocks Stung by Obama's Minimum Wage Push
President Obama's State of the Union proposal to raise the federal minimum wage to $9 an hour has the retail industry on edge and fast food stocks struggling.
President Obama's State of the Union proposal to raise the federal minimum wage to $9 an hour has the retail industry on edge and fast food stocks struggling.
McDonald's eked out a higher profit in the fourth quarter by luring diners with its value menu, but the world's biggest hamburger chain also warned that a key sales figure is expected to drop this month.
McDonald's may seem like the fast-food company of yesteryear, but appearances can be deceiving. The company's latest news -- big plans for the London Olympics, robust second quarter earnings, and expansion into emerging markets -- shows that shares of the Golden Arches are headed onward and upward.


