ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Perhaps no transaction is so fraught with emotion and stress as the purchase of a holiday gift : Will they like it? Will they use it? Will it end up in the back of a closet, or back on the shelves of the store whence it came? And what if the recipient reciprocates with a much better gift? |
With the psychological stakes so high at the holidays, many of us spend beyond our gift-giving means. This season, nearly seven in 10 shoppers expect to overspend , according to a September survey of 2,408 Americans conducted by YouGov for CNET Money. The obvious solution: Set a gift-giving budget, and stick to it. But where to start? | Nov 25, 2022; Anderson, SC, USA; People line up at Kohl's before the 5 a.m. opening in Anderson, S.C. Friday, November 25, 2022. In store deals and incentives still draw shoppers to come out and line up for a Black Friday deal in person, even with earlier sales and online shopping. Ken Ruinard, Anderson Independent Mail |
Holiday scams aren't so easy to spot anymore. How online shoppers can avoid swindlers |
Melanie Duquesnel thought a pair of sequined trousers might add just the right amount of sparkle to Detroit's Hob Nobble Gobble fundraiser. But when she opened the box from Old Navy, they proved to be just a tad too disco. |
Luckily, her holiday shopping story had a happy ending. Duquesnel returned the pants, purchased online, to a brick-and-mortar Old Navy store and received a full refund. |
"You need to understand who you're buying it from, what their return policy is and what do you do if it doesn't all happen in the way you planned it," said Duquesnel, president and CEO of Better Business Bureau Serving Eastern Michigan. |
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One early McDonald's insider was quoted as saying: "We are not technically in the food business. We are in the real estate business." |
That's right, Mickey D's is one of the largest real estate empires in the world. |
In reality, McDonald's doesn't make big money from its menu. Through the first three quarters of 2023, the company has generated more than $7.3 billion from something that has nothing to do with hamburgers or French fries: rental income. It's the largest single source of revenue for the company. |
The $7.3 billion represents 63.5% of the revenue McDonald's has generated from its franchisees this year. And it represents 38% of the company's overall revenue, making real estate the firm's biggest moneymaker. |
McDonald's management realized the benefit of owning real estate early on. Therefore, it owns a large number of the locations that its franchisees operate. In return, franchisees must make rental payments every month in addition to franchise fees. |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. | | | | Nothing in the holidays, perhaps, is more emotional or stressful than choosing and buying gifts. But several sites offer helpful budget calculators. | | | |  | Scammers worked overtime to stock rip-offs this holiday season. Experts warn to be particularly wary of tempting offers and ads on social media. | | | | Michael Sopejstal, 60, chose to take the lump sum and plans to use the money to travel and put the rest in savings, Michigan Lottery officials said. | | | | Honda says the seat belts may not properly restrain people in the event of a crash. | | | | McDonald's has already made more than $7.3 billion from this single source of revenue this year. | | | | Adam Reed created "Reindeer in Here" to be magical for kids but easy for parents. It's grown into a beloved tradition with a CBS special. | | | | Google in December will begin deleting accounts that have been inactive for two years. That includes email and associated products. Here's what to do. | | | | It's been 10 years since "Frozen" debuted and the beloved franchise just got its first land at a Disney theme park. Now what? We asked Disney execs. | | | | There's no single best age to start collecting Social Security, and there are compelling reasons to start early – or late. | | | | The new feature, called NameDrop, is activated by users who have installed the recent iOS 17 update on their iPhone. | | | | |  | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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