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McDonald's Testing Out Mighty Wings on a National Scale

McDonald's Testing Out Mighty Wings on a National Scale


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The chain has been dabbling with wings for years

The new Mighty Wings will be tested out beginning Sept. 9.

It’s been many years in the making, but McDonald’s is finally rolling out their Mighty Wings on a national scale.

This giant leap forward for the world’s largest fast food chain, first reported by Burger Business, will be launched Sept. 9, and will remain on menus through November. The "big, crispy, spicy, meaty, juicy, bone-in chicken" wings, which are breaded and fried, will be sold in sets of three, five, and 10 pieces starting at $2.99, and will come with your choice of Chipotle Barbecue Sauce, Creamy Ranch Sauce, Honey Mustard Sauce, Hot Mustard Sauce, Spicy Buffalo Sauce, Sweet Chili Sauce, Sweet 'N Sour Sauce, Honey, or Tangy Barbecue Sauce.

McDonald’s has been trying for years to figure out a way to work wings into their menu, and they seem to finally be ready to test it out on a national scale. Burger Business points out that they first briefly hit menus in the 1990s, before being tested last year in Atlanta and earlier this year in Chicago, and the company confirmed that they were both very successful. And if this limited-time offer is also a hit, odds are that McDonald’s will be getting into the fried chicken game full-time.


Bite-sized News: “Mighty Wings,” grapefruit yogurt and gluten-free doughnuts and muffins

Hungry for the latest food updates? Check out these bite-sized portions of food news, hot off the griddle.

McDonald’s will flap its “Mighty Wings”

After success testing its “Mighty Wings” in Atlanta last year, McDonald’s is going to take flight again. This time in Chicago, this week. What’s the flap all about? A new chicken offering on the chain’s menu: “Mighty Wings,” chicken wings sold in three, five or 10 pieces with a price starting at about $3.

The new item heads to Chicago for more testing before McDonald’s makes a final determination. The general public seems to love its wings. The popularity of chicken wings in restaurants has been flying high in the past year. But don’t get your feathers in a ruffle just yet. Even if “Mighty Wings” are deemed successful enough to add to the menu, it might not be a permanent thing. McDonald’s could decide to offer this item as one of its limited time options.

Pinkberry lets the sunshine in!

Just in time to bring a dose of citrusy sunshine to its stores and customers this winter, Pinkberry debuted its Grapefruit Pinkberry flavor earlier this month. That might be the dose of sunshine you’ve been looking for!

Included in the tangy yogurt are hand-cut pieces of ripe grapefruit for a tropical flavor. You can scoop up this new flavor that also includes a few perfect pairings: caramelized almonds for a sweet crunchy bite and a grapefruit basil puree made from scratch in the stores. Try the tangy Grapefruit Pinkberry on its own or pair it up with whatever mix-ins you prefer.

All of Pinkberry’s fresh fruit, dry and liquid toppings are 100 percent free of trans fats, hydrogenated oils and high fructose corn syrup, and its yogurt is made with real milk and yogurt packed with live and active cultures. Find a store near you.

Gluten-free doughnuts and muffins are making the rounds at Dunkin’ Donuts

There are a few new menu options at select Dunkin’ Donuts locations: gluten-free doughnuts and muffins are being tested at stores in the Boston and Miami areas. On the test menu are blueberry muffins and cinnamon sugar doughnuts.

According to the National Foundation for Celiac Awareness (NFCA), the gluten-free products will be individually wrapped and are “dangerously delicious.” There hasn’t been an official announcement on when these products might materialize in other markets, but Dunkin’ Donuts is said to be set for a larger test in February, with the possibility of a full market roll out (no pun intended) toward the summer. The NFCA noted that sales of gluten-free products increased by about 18 percent in a one-year period as of August 2012.


From God’s House to Your Mouth: Former Jon & Vinny’s Chef Fries Tangy Chicken Wings in a South LA Church

There was a time in John Clark’s life when sleep felt like a luxury. The Crenshaw native grew up quickly, working to support his family as one of five children living in South LA. Even in those sleepless years, Clark would dream.

“I visualized this when I was a kid,” says Clark while turning out chicken wings from a small fryer, coating them in a deep-red hot sauce he made himself, and packing them in stackable black Styrofoam containers labeled “Two Wings Chicken” on top. “I didn’t know how it was going to happen. I knew that I wanted to do my own thing, but I had to learn from the best, to take that knowledge and experience and apply it for myself. But I always knew that I’d be cooking out of this kitchen, I just didn’t know how or why.”

Clark has run the takeout and delivery-only Two Wings Chicken since February of this year, slinging wings on delivery apps and Instagram. It’s a menu that’s meant to scale, with sauces like Hennessy barbecue and roasted garlic parmesan available in orders as small as six wings and as large as 100. They’re crispy, saucy, and tangy, blending familiar flavors like Buffalo with options like a dark, sweet Asian glaze dusted with sesame seeds and scallions. They’re a worthy vehicle for Clark’s own culinary story: His food is comforting and familiar anywhere, but with the backbone of someone who spent time in some of LA’s biggest kitchens.

And while those kitchens served everyone from hip LA diners on Fairfax to the tony business-class travelers on Delta Airlines, his journey as a budding restaurateur and entrepreneur started in the small but mighty kitchen of his family’s church. Sunrise Missionary Baptist sits just three miles south of Downtown LA, a two-story building tucked into a residential neighborhood that looks fairly unremarkable save for the faded orange sign that hangs high on one corner. Inside, Clark’s kitchen has a small commercial oven, mobile fryers, and some tables set up for prep and packaging. The ground floor of the two-story building is really just this room and the one next door, where services are held on Sundays.

Clark dreamed about this place because he knows this place. He grew up here, in the shadow of his grandmother who oversees the small congregation now made up almost entirely of his family. “My uncle is the pastor, my brother plays the keys, my cousin plays the drums,” says Clark. “My niece and nephew sing in the choir, and I cook.” The menus were simple, mostly soul food, but made with heart and with family in mind. “My grandmother made sure we were here every Sunday.”

Courtney Storer and John Clark

Before Sunrise Missionary, Clark followed his sister into Le Cordon Bleu culinary school in Pasadena, where he worked in the receiving department most mornings. Shifts began at 4 a.m. sharp, followed by midday classes and a return to his actual job at a nearby McDonald’s. “We were homeless at one point,” says Clark, “so I started working at McDonald’s [as a teenager] to make some money. That really molded me. I worked there for six years, man. They made me a manager by the time I was 17 years old.” When a culinary school friend told Clark about an internship at Son of a Gun, the hotly anticipated 2011 follow-up restaurant from Animal chefs Jon Shook and Vinny Dotolo, he jumped at the chance. It meant less sleep, and it was unpaid, but Clark figured he would make it work.

“My grandmother told me to go work at Red Lobster, because Son of a Gun couldn’t pay me,” says Clark, chuckling. “But they taught me about stuff I didn’t know. It was an amazing experience.”

For years, Clark bounced around inside the Shook and Dotolo restaurant ecosystem. He worked for free at Son of Gun, then left to work the line at an independent restaurant that closed not long after he arrived. The overall experience — long hours, difficult work encounters — was a scarring one, and pushed Clark out of the industry for a time. But when Shook called out of the blue to ask him to join the opening team of Italian-American restaurant Jon & Vinny’s on Fairfax in 2015, Clark, who was working as a security guard at the Museum of Tolerance, accepted. Even while working as a line cook under chef de cuisine Courtney Storer, Clark says that he would take on extra catering jobs, always making sure to do more, to sleep less, while still showing up on Sundays at church to be with family.

Eventually, Clark shifted over to Carmelized Productions, Jon & Vinny’s multimillion-dollar catering arm, full time, leading the kitchen through massive expansion and branded deals with Delta Airlines to prepare upscale meals for business-class flyers. The hours remained long, but Clark says that he felt compelled to work so hard in part because it meant that he could hire (and pay) people in his community for catering gigs, bringing up those who may not have been able to carve out the same path from unpaid intern to chef de cuisine.

“Being in Inglewood,” Clark says of his time at Carmelized Productions, “I hired people like me. People who come from where I come from. Jon allowed me to hire friends, people from church. It inspired me to want to continue to do that, but have me signing the checks.”

In August 2019, Clark left Carmelized with a plan to open a private chef and catering company of his own, while also branching out into kitchen merchandise like aprons, all under the banner of his company Yes Chef. It was an ambitious plan, and meant moving out from under the umbrella of a formal restaurant environment, but Clark held true to his vision. Learn from the best and then go do it for yourself — and be sure to help others along the way. “I bet on black,” says Clark of his decision to leave Carmelized Productions.

At first, Clark put his efforts into home meal prep for people with little time and lots of disposable income, while iterating aprons and other apparel at night. He would also do soul food pop-ups and takeout on weekends when he could. But when the COVID-19 pandemic hit, his catering, meal prep, and clothing ideas dropped to the backburner. Quietly, Clark returned to his community, and to Sunrise Missionary Baptist Church. The dream got smaller — just a corner in a family church, for now — but it never went away.

Clark sees continued promise in the vision of Two Wings, and has started lining up collaborations, pop-up locations, and — though still in the works — a national tour. If all goes well, Clark dreams of a restaurant or two to call his own, and the opportunity to continue to hire within his community. For now, it’s mostly just him and a cousin cooking wings at the church kitchen. Fridays and Saturdays are the busiest times, but he predicts big things once football season returns this fall. Most of Two Wings’ customers have either stumbled onto the brand by way of a delivery app (and thus have no idea that it’s mostly just Clark, cooking out of a church), or they’re his family members and friends. “My sister has four kids, and she orders Two Wings twice a week,” says Clark. “She’s literally helping to keep the lights on.”

As he looks to grow the scale of Two Wings, Clark realizes that his original vision, cooking in the church kitchen, can’t last forever. “I’ve got all these ideas that I can’t do here because of this space,” says Clark. “I want a Two Wings restaurant where we’re doing sliders, chicken sandwiches, wraps, showing baseball games on TV. I mean, Wingstop did $2 billion in revenue last year. Wings are here. And these are the best wings you’re going to get.”

Clark isn’t worried about catching up on sleep just yet. “A lot of people suggest things to me,” he says. “Do this, do that next. Man, in due time. The food speaks for itself. I know it’ll happen, it’s just a matter of time.”


How Buffalo Wild Wings is at The Mercy of McDonald's

NEW YORK (TheStreet) - Consumers love chicken wings. Add in beer and watching football, basketball or any sporting event, and it's a combination that Buffalo Wild Wings has created its restaurant concept on.

As the restaurant sector begins to polarize -- fast-casual and fine dining eateries are winning, while quick-service and full-service casual eateries struggle, Buffalo Wild Wings seems to be bucking the trend. Last night, the Minneapolis-based company reported above-consensus earnings of $1.10 a share for the fourth quarter. The company also surpassed expectations for same-store sales growth for both its company-owned and franchised locations. Still the 1000-location casual eatery fell short of expectations for overall revenue.

Shares were plunging 9.7% to $127.07 on Wednesday on concerns that perhaps growth is slowing at the wing chain, particularly in new units. Recently surpassing its one thousandth location, B-Dubs, as its known, reaffirmed its earnings growth expectations of 20% for 2014.

"We remain Neutral rated on BWLD shares, as we see several current positives, but limited visibility towards future growth," Goldman Sachs analyst Michael Kelter wrote in a note to clients. "To the upside: (1) SSS remain firmly in the mid-single digits despite the impact of weather. (2) The installation of tabletop tablets in 2H14 could provide a boost to future sales. (3) Wing costs are down significantly and may aid restaurant margins by 150-200bp. All told, we are solidly above BWLD's guidance and consensus forecasting 33% EPS growth in 2014.

"This said, BWLD is at 1,000 units, and guidance of a 1,700 total opportunity suggests it will be 80% to full maturity in just 3-5 years," he penned. "It is unclear if second concepts or international expansion can ramp quickly enough to offset the impending P&L impacts of this dynamic. As is, BWLD's new unit productivity, while robust, is already starting to decelerate. We generally see this as a cautionary sign with respect to growth concepts."

Miller Tabak analyst Stephen Anderson also rates the company at "hold" but has a slightly more optimistic view of the company.

"By nearly all measures, it was a solid quarter from an earnings perspective, though the company did not deliver a blockbuster sales quarter that high-growth peer Chipotle Mexican Grill (CMG, $540.59, Hold) delivered last week. BWLD reiterated its 2014 goal for EPS growth, but we think the combination of mid-single-digit comp growth, still-solid unit growth (about 10% y/y), sharply lower average wing costs, and reduced operating costs as a percentage of sales will result in EPS growth above guidance for 2014," Anderson wrote.

"Moreover, we think as new unit development shifts increasingly toward franchise development, we model an increasing stream of franchise fees will support consistently positive free cash flow -- and potentially share buybacks -- beginning in 2014. Given the near doubling in the share price in 2013, as well as expectations for another strong year in 2014, however, we see limited upside for BWLD shares, and thus would await a pullback," he wrote.

TheStreet spoke with CEO Sally Smith on Tuesday evening. An edited version of the transcript is below.

Buffalo Wild Wings CEO Sally Smith

How many chicken wings did you sell on Super Bowl?

Smith: I can tell you what we sold last year, we're still waiting for the numbers to come in from Sunday. Last year we sold 8.8 million. We do know that with more locations and positive same-store sales we expect that that number will increase over prior year and its always a big takeout day for us as well as in-restaurant. Last year takeout was 45% of our sales and we'll have a little bit more color on that hopefully the by the end of the week.

Are you feeling the pressure from fast-casual chains like Chipotle ? Is the full service dining model still en vogue?

Smith: I do think there is still that occasion [dining]. I think that fast casual has done a really nice job of providing some other opportunities maybe [when] you don't want to take quite as much time. But I can't really answer what the competition are doing. I think our occasion is perhaps a little bit different in that you're not going to get that same experience in a fast-casual restaurant. I mean if you're going to go watch a sporting event or get together with friends and family, which is what our guests tell us they like to use Buffalo Wild Wings for, I don't know that you're going to get that same feel [at] fast casual.

You spoke on the call about potential investments by Buffalo Wild Wings in additional concepts and later talked about preferring fast-casual concepts? Why fast casual?

Smith: As we look at the segment -- quick service, fast casual, casual and fine dining -- we don't really have experience in quick service or fine dining and it doesn't meet our parameters in terms of ease of kitchen -- that kind of thing so it leaves fast casual and casual dining. If we saw the right small casual dining we'd certainly take a look at that. It just seems that more of the emerging brands happening today tend to be a little bit more in that fast-casual arena.

We're always looking and as soon as we have a deal we're certainly going to announce it.

Let's talk chicken wing prices. As I understood it from the call, prices actually went down compared to last year?

Smith: [Last year there were] probably some of the highest chicken wing prices we've seen in a decade.

How does changing chicken wing prices affect the bottom line?

Smith: What it did was really helped our cost of sales this year. Last year cost of sales was 32% [of restaurant sales] this year 29.8%, so it was really a big impact for us.

What about looking at the rest of 2014?

Smith: We've always floated with the market on wings and we've been able to manage that, I think it depends on what McDonald's does. If they're going to roll out "Mighty Wings" this year. I think that did drive some of the cost pressure last year. In typical years, and I don't know if we've seen a typical year in a few years prices moderate throughout the summer and then start climbing as we move into what we call ham and turkey season and that demand on sporting events and football.

What about technology? You spoke of tablet rollouts (the company plans to have tablets in all of its company-owned stores by the end of 2014), can you share a little more on how Buffalo Wild Wings plans to use them?

Smith: Tablet rollouts will be used in a variety of ways, if you've been to a Buffalo Wild Wings you know that trivia in our restaurants is big and its online real time at all our locations across the country. We were working with Buzztime and they're the ones that are developing this tablet with us so that you can play trivia you're also going to be able to play arcade games you're going to be able to order music and play what typically used to be a jukebox as well as order - [it will] eventually have the full menu on it. Right now we're testing the buttons that says "Wing Me" or "Beer Me," meaning I want more wings, I want more beer. And then we hope that tablet can be the go-to place for sporting news as well.

What about mobile payments?

Smith: Yes I should have mentioned that. When I think of ordering I always think of mobile payments kind of in the same brow.

Where is the next big growth area for Buffalo Wild Wings?

Smith: We still have a lot of room for growth on the West Coast and in the Northeast and really the South, Atlantic seaboard as well. We'll see continued growth in California, Washington, New York, and Boston. So we'll have unit growth as well as continuing to drive same-store sales through some of these guest experiences . and just continue menu development. We have seven limited time sauces that we will roll out this year giving guests another reason to come in and get it while they can.

We're excited about 2014 were looking forward to a strong year as we continue strong growth domestically, but also starting to move our brand in the international market. And we think that gives us the ability to really grow as well.

I know that you have signed franchise agreements in Mexico, where else?

Smith: We have franchise agreements signed for about 30 locations in Mexico with three different groups. We also signed The Philippines . between four and six locations and then we will actually open in Dubai and Saudi Arabia before the end of the year. We have a franchise agreement for I think about four countries in the Middle East for around 15 locations over the next five years.

--Written by Laurie Kulikowski in New York.

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Nvidia Gains on 4:1 Stock Split Amid Chip Shortage

Crypto Hedge Funds Buy the Dip in Bitcoin’s Week of Reckoning

(Bloomberg) -- Felix Dian is in fighting spirits after this week’s crypto meltdown.Like many pros, the former Morgan Stanley trader says Bitcoin’s volatility actually shows why hedge funds are in the digital-currency game: To ride boom and bust cycles with diversified bets so clients don’t get killed at times like this.Something is working. His $80 million crypto-focused fund at MVPQ Capital is up 14% in May and has more than tripled in value this year. In contrast, Bitcoin has plunged almost 30% this month, cutting the advance for 2021 to 42%.“We had kept dry powder,” he said in an interview from London. He took advantage of Wednesday’s price collapse and bought Bitcoin when it was trading around $35,000.Crypto-Crash Autopsy Shows Billions Erased in Flash LiquidationsNot everyone’s been so lucky. Scores have seen their fortunes dashed this week in a cascade of selling across crypto markets. Investors spent some $410 billion buying up Bitcoin during this bull market, according to data from Chainalysis. When prices sank to $36,000 this week, $300 billion of those positions were at a loss.It’s left money managers wrestling with whether the digital currency, which is coming under new regulatory scrutiny in the U.S. and China, still has the makings of a serious asset class or will remain nothing more than a speculative bubble.Bitcoin hovered around $40,000 on Friday, trading up 1% as of 7:15 a.m. in New York. The token has lost 35% since hitting an all-time high of $63,000 in April.Charles Erith, who worked for 24 years in Asian emerging markets before jumping to crypto, said the speculative froth was flushed out this week. He bought Bitcoin as prices were plunging.“At $35,000, we felt it’s a reasonable level at which to be adding,” said Erith, who runs ByteTree Asset Management in London. “It’s obviously not regulated and it’s a very young asset, but I don’t think this is going to be a revisit of 2018.”Data from research firm Chainalysis shows professional investors used the crash as an opportunity to start buying at cheap levels, helping put a floor under the market. Big investors bought 34,000 Bitcoin on Tuesday and Wednesday after reducing holdings by as much as 51,000 bitcoin in the last two weeks, according to data from Chainalysis.“People that were borrowing money to invest, they were wiped from the system,” said Kyle Davies, co-founder at Three Arrows Capital in Singapore. His firm bought more Bitcoin and Ether as prices of the tokens tumbled this week.“Every time we see massive liquidation is a chance to buy,” he added. “I wouldn’t be surprised if Bitcoin and Ethereum retrace the entire drop in a week.”Over in Paris, Loan Venkatapen, founder of Blocklabs Capital Management, blames the recent rout on over-leveraged retail investors but says blockchain and the related technologies “are here to stay.”Unlike Davies, Venkatapen avoided Bitcoin, but bought Ether, Solana and other assets connected with the decentralized finance movement as they sold off.“Bitcoin is not dying, but we expect productive blockchain assets such as Ethereum or Solana to challenge Bitcoin dominance in the coming months,” he said.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Investors shun tech, rush for inflation protection - BofA

LONDON (Reuters) -Investors pumped money into inflation protection and dumped some tech stocks, BofA's weekly fund flow data showed on Friday, as U.S. Federal Reserve policymakers hinted at discussing tapering of government bond purchases "at some point". Gold funds attracted $1.3 billion, BofA said. Tech stocks are particularly sensitive to rising interest rate expectations because their value rests heavily on future earnings, which are discounted more deeply when rates go up.

Nvidia sets 4-for-1 stock split, shares rise

The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020. Stock splits can potentially attract retail investors who make small trades. Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20.

Daimler Disagrees With Tesla and VW’s Batteries-or-Bust View

(Bloomberg) -- Daimler AG’s truck chief expects hydrogen-powered big rigs to play an important role in slashing emissions from the transportation sector despite the technological hurdles and skepticism raised by two prominent rivals.Focusing solely on battery-electric vehicles would be risky because of the scarcity of certain raw materials and challenges grids will have supporting wide-ranging charging networks for trucks and buses, Martin Daum, Daimler Truck’s chief executive officer, said in a phone interview.“We cannot afford to bank on just one technology to reach the climate goals,” Daum said. “The focus until 2025 will be 100% on battery-electric vehicles. Between 2025 and 2035, we’re going to need both battery-electric and fuel cell vehicles because the massively growing infrastructure requirements require a two-legged approach.”Fuel cells, which generate electricity from hydrogen and therefore eliminate the need to recharge batteries, have been touted for years as a potential alternative to combustion engines. But high costs and sparse fueling infrastructure have stood in the way of broader adoption and left the technology far behind battery-electric powertrains in the passenger-car market.Electrifying commercial vehicles is more complex -- they’re larger, heavier and used for everything from deliveries to supermarkets in urban areas to long-haul transport in remote areas. Daimler recently formed a joint venture with rival Volvo AB to jointly develop fuel cell stacks.Daimler’s DetractorsWhile prominent industry leaders including Tesla Inc.’s Elon Musk and Volkswagen AG’s Herbert Diess have repeatedly criticized fuel cells and argued battery power is the only way forward, Daimler and Volvo aren’t alone in seeing long-term potential.“Decarbonization of the energy mix represents the most profound shift in energy since the start of the industrial revolution,” Sanford Bernstein analysts led by Neil Beveridge said in a note to clients. “It is simply impossible to reach net zero by 2050 without hydrogen playing a major role.”Daimler’s truck division is the world’s largest maker of commercial vehicles and on track to be spun off from the Mercedes-Benz luxury-car operations this year. The split reflects the diverging technology trends between passenger cars and commercial vehicles. Both will need enormous investment in new technology to comply with stricter emissions standards.Daum, 61, mapped out more aggressive profitability targets on Thursday and objectives to generate the funds needed to navigate the industry’s transformation.“We want to be a resilient company that can avoid losses even in difficult years,” he said. The unit plans to list at the Frankfurt stock exchange later this year and could enter the country’s blue-chip DAX Index.Global PresenceDaimler boasts a truly global footprint that’s unique among commercial-vehicle manufacturers. While Volvo just trimmed its presence in Asia by selling its UD Trucks business in Japan, VW’s Traton SE unit is finishing its takeover of U.S. truckmaker Navistar International Corp. next quarter.Apart from Mercedes trucks, Daimler’s trucks and buses division comprises Fuso in Japan, BharatBenz in India, Setra in Germany and Freightliner, Thomas Built and Western Star in North America.The company has relied heavily on profits from Freightliner in recent years, as North America tends to generate much of the industry’s earnings. Executives said Thursday that boosting profitability at European operations will be a top priority and pledged to reduce personnel and material costs to become more competitive in the region.Asked whether Daimler may consider an acquisition of CNH Industrial NV’s Italian business Iveco, Daum said his focus is on the company’s own operations. “I don’t see the need for us to add an asset to our European business,” he said. “There are no plans for any structural changes.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Summers Says Crypto Has Chance of Becoming ‘Digital Gold’

(Bloomberg) -- Former U.S. Treasury Secretary Lawrence Summers said cryptocurrencies could stay a feature of global markets as something akin to “digital gold,” even if their importance in economies will remain limited.Speaking at the end of a week in which Bitcoin whipsawed, Summers told Bloomberg Television’s “Wall Street Week” with David Westin that cryptocurrencies offered an alternative to gold for those seeking an asset “separate and apart from the day-to-day workings of governments.”“Gold has been a primary asset of that kind for a long time,” said Summers, a paid contributor to Bloomberg. “Crypto has a chance of becoming an agreed form that people who are looking for safety hold wealth in. My guess is that crypto is here to stay, and probably here to stay as a kind of digital gold.”If cryptocurrencies became even a third of the total value of gold, Summers said that would be a “substantial appreciation from current levels” and that means there’s a “good prospect that crypto will be part of the system for quite a while to come.”Comparing Bitcoin to the yellow metal is common in the crypto community, with various estimates as to whether and how quickly their total market values might equalize.Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, said earlier this month that if gold is assumed to have a market cap of around $10 trillion, “it’s not out of the question that Bitcoin will reach gold parity in the next five years.” With Bitcoin’s market cap around $700 billion, that could mean price appreciation of around 14-fold or more.But Summers said cryptocurrencies do not matter to the overall economy and were unlikely to ever serve as a majority of payments.Summers is on the board of directors of Square Inc. The company said this month that sales in the first quarter more than tripled, driven by skyrocketing Bitcoin purchases through the company’s Cash App.Summers’ comments were echoed by Nobel laureate Paul Krugman, who doubted crypto’s value as a medium of exchange or stable purchasing power, but said some forms of it may continue to exist as an alternative to gold.“Are cryptocurrencies headed for a crash sometime soon? Not necessarily,” Krugman wrote in the New York Times. “One fact that gives even crypto skeptics like me pause is the durability of gold as a highly valued asset.”Summers also said that President Joe Biden’s administration is heading in the “right direction” by asking companies to pay more tax. He argued policy makers in the past had not been guilty of pursuing “too much antitrust” regulation although he warned it would be “badly wrong” to go after companies just because of increasing market share and profits.Returning to his worry that the U.S. economy risks overheating, Summers said the Federal Reserve should be more aware of the inflationary threat.“I don’t think the Fed is projecting in a way that reflects the potential seriousness of the problem,” he said. “I am concerned that with everything that’s going on, the economy may be a bit charging toward a wall.”(Adds Summers is on Square’s board in 8th paragraph)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

S&P 500 Price Forecast – S&P 500 Gives Up Early Gains

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Includes eight (8) 79¢ recipes of your choice each month!

Getting a table at the 123-year-old original Rao’s restaurant in New York City is next to impossible. The tables are “owned” by regulars who schedule their meals months in advance, so every table is full every night, and that’s the way it’s been for the last 38 years. The only way an outsider would get to taste the restaurant’s fresh marinara sauce is to be invited by a regular.

If that isn’t in the stars for you, you could buy a bottle of the sauce at your local market (if they even have it). It won't be fresh, and it's likely to be the most expensive sauce in the store, but it still has that great Rao's taste. An even better solution is to copy the sauce for yourself using this new and very easy hack.

The current co-owner of Rao’s, Frank Pellegrino Jr., told Bon Appetit in 2015 that the famous marinara sauce was created by his grandmother many years ago, and the sauce you buy in stores is the same recipe served in his restaurants. The ingredients are common, but correctly choosing the main ingredient—tomatoes—is important. Try to find San Marzano-style whole canned tomatoes, preferably from Italy. They are a little more expensive than typical canned tomatoes, but they will give you some great sauce.

After 30 minutes of cooking, you’ll end up with about the same amount of sauce as in a large jar of the real thing. Your version will likely be just a little bit brighter and better than the bottled stuff, thanks to the fresh ingredients. But now you can eat it anytime you want, with no reservations, at a table you own.

You might also like my #1 recipe of 2019, Texas Roadhouse Rolls.

At Cosmic Wings, Applebee’s second attempt at a virtual chicken wing chain, they have a code name for the Cheetos crumbs that coat their signature wings: Cheedle. The delivery-only wing chain debuted in February 2021 and has several other more traditional sauce flavors such as classic Buffalo, honey mustard, and spicy barbecue, but it’s the sauce made with Cheetos that puts the cosmic in the wings.

The concept is simple and the hack is straightforward once you pick your flavor or Cheetos to crush. Are you going with the more mellow regular cheese flavor Cheetos, or the kicked up Flamin’ Hot Cheetos? Pick your flavor and crush up some “Cheedle” in a food processor. If you don’t have one of those you can put the Cheetos in a storage bag and whack on ‘em with a kitchen mallet or rolling pin.

Fry some wings, baste them with a buttery sauce, and toss them in the Cheedle of your choice. And if Flamin’ Hot isn’t hot enough for you, you could use Cheetos XXX Hot Flamin’ Hot Cheetos that are twice as hot as Flamin’ Hot, and you’d have kicked-up version that isn’t offered on the menu.

Find more fun and easy appetizer recipes here.

No one is sure exactly which restaurant invented toasted ravioli, but we do know the dish originated in St. Louis sometime in the 40s. Olive Garden's delicious take on the appetizer can be cloned with ease using one of several varieties of pre-made raviolis carried in just about any supermarket. It's best to use the fresher raviolis found in the refrigerated section, but you can also use frozen ones in this copycat toasted ravioli recipe you just have to let them thaw first before breading them. The original Olive Garden toasted ravioli recipe has a beefy inside, but you can use any ravioli that tickles your fancy including chicken, sausage, vegetarian, or cheese. As for the breading, find Progresso brand Italian style breadcrumbs. Contadina is another popular brand, but their version is much too salty for a good clone.

Now you've got that appetizer going, what's for dinner? Try more of my Olive Garden copycat recipes here.

Menu Description: "Chicken breast tenderloins sauteed with bell peppers, roasted garlic and onions in a garlic cream sauce over angel hair."

This dish is a big favorite of Olive Garden regulars. Chicken tenderloins are lightly breaded and sauteed along with colorful bell peppers and chopped red onion. Angel hair pasta is tossed into the pan along with a healthy dose of fresh scampi sauce. The sauce is really the star, so you might think about doubling the recipe. If you're cooking for two, you can prepare this dish for the table in one large skillet, saving the remaining ingredients for another meal. If you're making all four servings at once, you need two skillets. If you can't find fresh chicken tenderloins (the tender part of the chicken breast), you can usually find bags of them in the freezer section.

Find more delicious recipes for Olive Garden's most famous dishes here.

Anyone who loves Olive Garden is probably also a big fan of the bottomless basket of warm, garlicky breadsticks served before each meal at the huge Italian casual chain. My guess is that the breadsticks are proofed, and then sent to each restaurant where they are baked until golden brown, brushed with butter and sprinkled with garlic salt. Getting the bread just right for a good Olive Garden breadstick recipe was tricky—I tried several different amounts of yeast in all-purpose flour, but then settled on bread flour to give these breadsticks the same chewy bite as the originals. The two-stage rising process is also a crucial step in this much requested homemade Olive Garden breadstick recipe. Also check out our Olive Garden Italian salad dressing recipe.

Menu Description: “Two lightly fried parmesan-breaded chicken breasts are smothered with Olive Garden’s homemade marinara sauce and melted Italian cheeses. We serve our Chicken Parmigiana with a side of spaghetti for dinner.”

Chicken parmigiana is a forever favorite, and it’s not a difficult dish to whip up at home. But for it to taste like the Olive Garden signature entree, we’ll need to take some very specific steps.

Olive Garden’s chicken is salty and moist all the way through, so we must first start by brining the chicken. Give yourself an extra hour for this important marinating step. The marinara sauce used on the chicken is an Olive Garden specialty and no bottled sauce compares, so we’ll make our own from scratch using canned crushed tomatoes and the formula below.

While the sauce cooks, filling your house with its intoxicating aroma, the chicken is breaded and browned. When the marinara is done, top the chicken with the sauce and mozzarella and stick it under your hot broiler until bubbling.

Hopefully, everyone at your house is hungry, because the Olive Garden dinner portion is two chicken fillets, and this recipe will yield a total of four 2-piece servings. Add a small serving of spaghetti on the side, topped with more of the delicious sauce, and you'll have a perfect match to the restaurant plate.

Can't get enough Olive Garden? Click here for more of my copycat recipes.

Popeyes offers two sides with rice: the ultra-popular Red Beans and Rice, which I previously cloned here, and this rice made Cajun-style with ground beef and spices.

The real recipe at the chain most likely includes chicken gizzard, but that ingredient is not always easy to find outside of buying a whole uncooked chicken that includes a bag of giblets tucked inside. So I set out to design a recipe without that ingredient and the results were great.

The secret to the fabulous taste, after all, is not found in the gizzard, but in the flavors contributed by the “holy trinity” of green pepper, onion, and celery salt accentuated by the ground thyme and oregano.

If you’re making rice tonight, bump it up to something special with just a little extra work for delicious results.

Can't get enough Popeyes? Find all of my recipes here.

Menu Description: "Roasted garlic and Parmesan sauce with Italian herbs."

Buffalo Wild Wings had a record day on Super Bowl Sunday 2007 when the chain sold 3.4 million wings! One year later the chain announced the opening of its 500 th store. As the biggest buffalo wing chain in the country continues to grow, so does its selection of delicious sauces. Creamy, and slightly spicy, this Parmesan Garlic Sauce is one of several new sauces BWW added to its menu. Our Top Secret clone starts by roasting a few peeled garlic cloves in your oven. Add mayo and Parmesan cheese to the soft, roasted garlic, plus some corn syrup, lemon juice, red pepper flakes and an assortment of dried herbs and you've got yourself an addictive sauce that's as good on finger food as it is on a salad. Bake up some breaded chicken nuggets or fry up some wings, then simply toss 'em in some of this delicious sauce and serve.

Crafting a clone of Olive Garden’s signature Lasagna Classico became the perfect opportunity to create a beautiful multi-layered lasagna hack recipe that uses up the whole box of lasagna noodles and fills the baking pan all the way to the top. This Top Secret Recipe makes a lasagna that tips the scale at nearly 10 pounds and will feed hungry mouths for days, with every delicious layer copied directly from the carefully dissected Olive Garden original.

I found a few credible bits of intel in a video of an Olive Garden chef demonstrating what he claims is the real formula on a midday news show, but the recipe was abbreviated for TV and the chef left out some crucial information. One ingredient he conspicuously left out of the recipe is the secret layer of Cheddar cheese located near the middle of the stack. I wasn’t expecting to find Cheddar in lasagna, but when I carefully separated the layers from several servings of the original dish, there was the golden melted cheesy goodness in every slice.

This clone recipe will make enough for 8 big portions, but if you make slightly smaller slices this is easily enough food to fill twelve lasagna-loving bellies. If you like lasagna, you're going to love this version.

Browse my other Olive Garden clone recipes here.

Menu Description: "Shredded napa cabbage, chilled grilled chicken breast, julienne cucumbers, edamame, crispy wontons, peanuts, cilantro, julienne carrots, red cabbage and scallions tossed with a lime-cilantro dressing. Topped with crispy rice sticks and Thai peanut dressing."

You can plan ahead for this amazing salad clone by first grilling the chicken and chilling it, then preparing the cilantro-lime dressing and the peanut sauce in advance. The menu description says that the salad is topped with "crispy rice sticks," but they look to me like crispy bean threads, cooked in a flash when dropped into hot oil for a few seconds. The crispy wontons are made from frying thinly sliced wonton wrappers in the same hot oil. For the edamame (soybeans), look in the frozen food section, and if they're still in their pods, be sure to take them out before measuring and tossing them into the salad. Once you've got everything chilled and chopped, building each dish is a breeze, and you'll have four huge dinner-size salads that will each be enough for an entire meal.

I've cloned a ton of dishes from California Pizza Kitchen. See if I hacked your favorites here.

Panera Bread’s product information pages refer to a long proofing time when describing the sour characteristic of the chain’s phenomenal bagels, but there is no mention of how long. After several weeks of trying different approaches to proofing these cinnamon bit–filled bagels, I decided the best solution was to form the bagels and proof them overnight in the cold. The next day the bagels came out of the refrigerator not much bigger, but after sitting for several hours at room temperature they more than doubled in size and had a light sourdough flavor like the original.

The cinnamon drops that go into the bagel were also tricky. I needed to come up with a way to make bits of cinnamon/sugar that were crunchy, but not so hard as to break a tooth. I found the best way was to make oven-cooked cinnamon candy bound with cornstarch and milk and tenderized with oil. This sugar mixture is baked in a loaf pan until no longer bubbling, then cooled and shattered into tiny pieces. When the candy is broken up, much of it gets pulverized into dust, which you separate from the crumbs with a sieve. The crumbs are the cinnamon drops used in the bagel, and the cinnamon/sugar powder is used to dust the tops of the bagels just before baking.

I also found that kettling (boiling the bagels) with just a tablespoon of sugar in the water produced a browner bagel than kettling with no sugar, so that’s the technique I’m sharing here. Some techniques call for malt in the water, but sugar works just fine and makes the perfectly shiny, blistered crust you see in the photo.

Panera Bread has amazing soups too! See if I hacked your favorite here.

A recipe for Portuguese sweet bread inspired the soft rolls that became a big hit at Robert Tiara's Bakery & Restaurant in Honolulu, Hawaii in the 1950s. It wasn’t long before Robert changed the name of his thriving business to King’s Hawaiian, and in 1977 the company opened its first bakery on the mainland, in Torrance, California, to make the now-famous island sweet rolls sold in stores across the U.S.

King’s Hawaiian Rolls are similar to Texas Roadhouse Rolls in that they are both pillowy, sweet white rolls, so it made sense to dig out my Texas Roadhouse Rolls clone recipe and use it as a starting point. These new rolls had to be slightly softer and sweeter, so I made some adjustments and added a little egg for color. And by baking the dough in a high-rimmed baking pan with 24 dough balls placed snugly together, I ended up with beautiful rolls that rose nicely to the occasion, forming a tear-apart loaf just like the original, but with clean ingredients, and without the dough conditioners found in the packaged rolls.

Use these fluffy sweet rolls for sandwiches, sliders, or simply warmed up and slathered with soft European butter.

This recipe was our #3 most popular in 2020. Check out the other four most unlocked recipes for the year: Rao's Homemade Marinara Sauce (#1), Olive Garden Lasagna Classico (#2), Pei Wei Better Orange Chicken (#4), Chipotle Mexican Grill Carnitas (#5).

Here's a dish from a rapidly growing Chinese food chain that should satisfy anyone who loves the famous marinated bourbon chicken found in food courts across America. The sauce is the whole thing here, and it's quick to make right on your own stove-top. Just fire up the barbecue or indoor grill for the chicken and whip up a little white rice to serve on the side. Panda Express - now 370 restaurants strong - is the fastest-growing Asian food chain in the world. You'll find these tasty little quick-service food outlets in supermarkets, casinos, sports arenas, college campuses, and malls across the country passing out free samples for the asking.

This delicious crispy chicken in a citrusy sweet-and-sour chicken is the most popular dish at the huge Chinese take-out chain. Panda Express cooks all of its food in woks. If you don't have one of those, you can use a heavy skillet or a large saute pan.

Menu Description: "Delicate white cake and lemon cream filling with a vanilla crumb topping."

To make this clone easy I've designed the recipe with white cake mix. I picked Betty Crocker brand, but any white cake mix you find will do. Just know that each brand (Duncan Hines, Pillsbury, etc.) requires slightly different measurements of additional ingredients (oil, eggs). Follow the directions on the box for mixing the batter, then pour it into 2 greased 9-inch cake pans and bake until done. The filling recipe is a no-brainer and the crumb topping is quick. When your Olive Garden lemon cream cake recipe is assembled, stick it in the fridge for a few hours, and soon you'll be ready to serve 12 slices of the hacked signature dessert.

A popular staple of any Chinese chain is the fried rice so it better be good, and the version served at Panda Express most certainly is. Here's an easy hack when you need a stress-free, low-cost side for your entrées. But I do suggest that you cook the white rice several hours or even a day or two before you plan to make the finished dish. I found that the cooked rice called for in this recipe works best when it's cold.

As for a shortcut, bagged frozen peas and carrots will save you from the hassle of petite-dicing carrots since the carrots in those bags are the perfect size to produce an identical clone. And they're already cooked.

Now, how about some Honey Walnut Shrimp, or Beijing Beef to go with that rice? Find all my Panda Express copycat recipes here.

If you didn’t know this salad came from Chick-fil-A you could easily be fooled into thinking it was a much more expensive salad from a casual chain like T.G.I. Friday’s or Chili’s. The bed of greens is built with crisp romaine, green leaf, and red leaf lettuce, and without a speck of tasteless iceberg in sight. On top of that are ingredients you don’t associate with fast food, like grilled corn, black beans, roasted peppers, spicy chili lime pepitas, and crunchy tortilla chips. Everything works great together, and now I can show you how to make all of it for a spot-on home hack.

Chick-fil-A knows chicken, so of course the spicy chicken served on top of the salad is delicious. We can easily clone it by marinating chicken fillets in a special spicy brine for a few hours to infuse it with flavor and juiciness, then grilling it, chilling it, and slicing it thin.

The biggest star of the salad is the secret recipe that kitchen cloners have requested most: the creamy salsa dressing. To make your own version roast some peppers, mix those with the other ingredients in a blender until the dressing is smooth and creamy, and you’ll get a bright, spicy dressing that’s perfect for this salad, or any other home-crafted salads in your future.

Hungry for more Chick-Fil-A? Find my clones for their famous chicken sandwich, mac & cheese, and more here.

Menu Description: "Grilled chipotle chicken breast with guacamole and sour cream on a bed of greens tossed with two cheeses, pico de gallo, tortilla strips and our Mexi-ranch dressing."

Create a robust chipotle marinade that fills your chicken fillets with flavor. As you wait for the chicken to marinate you have plenty of time to throw together clones of the Mexi-ranch dressing and fresh pico de gallo. Now most of the work is done, and you're standing in front of the gate to salad heaven. When you're ready to enter, simply grill the chicken, assemble your salads and open wide.

You should know that if you don't have buttermilk for the dressing, and don't want to buy a whole carton to use just a single tablespoon, simply substitute regular milk. You'll find ground chipotle pepper where all the spices are stocked in the market: I use McCormick. If you can't track down ground chipotle, use ground cayenne pepper. Just be sure to measure roughly half the amount, since cayenne packs more heat than chipotle.

During the holiday months, you'd better get over to Starbucks bright and early if you want to sink your teeth into a delicious pumpkin scone. These orange triangles of happiness are made with real pumpkin and pumpkin pie spices, and they quickly vanish from the pastry case when fall rolls around. Each scone is generously coated with a plain glaze and then spiced icing is drizzled over the top. To get the crumbly texture cut cold butter into the dry ingredients, either with a pastry knife or by pulsing it in a food processor until all the butter chunks have been worked in.

Use your leftover pumpkin puree for Starbucks pumpkin bread or pumpkin spice latte.

Garlic mashed potatoes are a great side for many entrees, especially when the mashed potatoes are as creamy and flavorful as those at Olive Garden. In our hack, the cloves of peeled garlic are boiled with the potatoes. When the potatoes get passed through a potato ricer (or mashed) the softened garlic cloves go along for the ride and get mashed up too. This way you’re guaranteed to get the perfect amount of flavorful garlic in every bite.

I settled on cream as the dairy here after my attempts using milk and half-and-half resulted in thin and runny potatoes. I found that cream adds the perfect thickness and smooth richness to the mashers, and it made the closest duplicate.

This side goes great with our Olive Garden Stuffed Chicken Marsala copycat recipe.

Menu Description: "A traditional topping of roma tomatoes, fresh basil and extra-virgin olive oil. Served with freshly toasted ciabatta bread."

Olive Garden's recently redesigned bruschetta recipe improves on the Italian chain's previous version. The tomato salad includes a little sun-dried tomato and balsamic vinegar, and it is now served in a separate dish rather than on the bread. Now the bread doesn't get soggy. The tomatoes are finely diced before mixing with the other ingredients, and the ciabatta bread is sprinkled with a little grated Parmesan cheese before it's toasted. Try to find a nice, chewy loaf of Italian bread for this dish—get the best bread in the store. The better your bread, the better your bruschetta.

I've hacked a ton of dishes from Olive Garden. Find your favorites here.

Menu Description: “A baked blend of Italian cheeses, pasta, and our signature five-cheese marinara.”

Hacking Olive Garden’s famous baked ziti would not be possible without a perfect clone of the chain’s popular five-cheese marinara sauce. I started with my previous hack of the plain marinara for Olive Garden’s Chicken Parmigiana and enhanced it with the addition of five kinds of Italian cheese and heavy cream.

Determining which five types of cheese are in a prepared sauce is tough without some insider assistance, so before cooking I focused my efforts on convincing a server to ask the chef for the list…and I got it! The blend of cheese used here in the sauce comes straight from the kitchen of my local Olive Garden. When you taste it you’ll know the intel was legit.

After the sauce is added to the pasta it’s topped with a cheese-and-breadcrumb mix called “ziti topping,” then it’s browned under a salamander (for the restaurant version) or a broiler (for your version). The result is a beautiful dish with great sauce and a cheesy topping that should satisfy even the pickiest baked ziti fanatics.

I've cloned a ton of dishes from Olive Garden. See if I hacked your favorite here.

There are many acceptable ways to formulate good queso, but to make this specific queso the ingredients must be correct, and most copycat recipes seem to get it wrong. A few recipes get one of the peppers and two of the cheeses right, but pretty much every recipe out there is a bit of a mess that I will now save you from.

Quesos can be made with a variety of cheeses that include queso fresco, asadero, and Muenster, but this particular queso includes a cheese you probably didn’t expect: Swiss. That cheese is slow to melt, so we’ll shred it first, along with the Jack. And you won't need to gum up the queso with flour or cornstarch by making a roux because the white American cheese in the mix contains sodium citrate or sodium phosphate—additives that help the cheese melt smoothly and stay that way.

Authors of recipes that call for tomatoes in this dish haven’t looked closely. Those are red bell peppers and they are roasted, peeled, and seeded along with the poblano and jalapenos before they are diced and added to the cheese sauce. The sauce cooks on low heat, never bubbling, so that it stays smooth and creamy.

When done, the queso might seem thin in the pan, but it will thicken as it cools to a perfect consistency for dipping tortilla chips, or as a topping for tacos and burrito bowls.

The Sweet Onion Chicken Teriyaki Sandwich, one of Subway's biggest new product rollouts, is made with common ingredients: teriyaki-glazed chicken breast strips, onions, lettuce, tomatoes, green peppers, and olives. But what sets it apart from all other teriyaki chicken sandwiches is Subway's delicious Sweet Onion Sauce. You can ask for as much of the scrumptious sauce as you want on your custom-made sub at the huge sandwich chain, but you won't get any extra to take home, even if you offer to pay. Now you can pour a copycat version of the sauce to your home-built sandwich masterpieces whenever you want.

Find more copycat recipes for famous sauces here.

Menu Description: "A creamy hot dip of artichokes, spinach and Parmesan with pasta chips."

Just about every aspect of the Olive Garden restaurants was developed from consumer research conducted in a corporate think tank by the General Mills Corporation. Restaurant-goers were questioned about preferences, such as the type of food to be served, the appearance and atmosphere of the restaurant, even the color of the candleholders on each table. The large tables and the comfy chairs on rollers that you see at the Olive Garden restaurants came out of those vigorous research sessions.

I'm not sure if this dish came from those sessions, but according to servers at the Olive Garden, the Hot Artichoke-Spinach Dip is one of the most requested appetizers on the menu. The restaurant serves the dip with chips made from fried pasta, but you can serve this version of the popular appetizer with just about any type of crackers, chips, or toasted Italian bread, like bruschetta.

I've cloned a ton of famous dishes from Olive Garden. See if I hacked your favorites here.

Panera’s turkey chili is a wholesome and flavorful mix of dark meat turkey, beans, tomatoes, chilies, carrots, onions, and spices that’s easy to hack at home, once you know the secrets. I found that adding turkey in two forms—ground and sliced—resulted in the best copy. The sliced turkey should be dark meat, if possible, but if you can’t find uncooked, sliced dark meat, white meat is fine. It doesn’t finish quite as tender and flavorful as the dark meat, but it still works.

To further improve flavor, I’m slipping in some nutritional yeast, which acts like MSG. Panera uses a natural yeast extract similar to this in many of their soups to improve flavor, so we’ll do the same. You can find nutritional yeast, or “nooch,” at Whole Foods or another well-stocked food store. If you can’t track it down, add another ¼ teaspoon of salt to the pot.

And take note that you won’t be adding the edamame until the latter half of the cooking process. We do it this way so that when the chili is ready, the edamame will still be green, rather than the unappetizing grey color that can curse overcooked soybeans.

If you feel like diving into a pile of wings with big flavor and no heat, you'll love this hack of a top pick at Wingstop. At the restaurant, these wings are deliciously doused with a buttery garlic Parmesan baste and then sprinkled with grated Parmesan cheese. A home clone is easy when you toss crispy wings in this hack of the top secret baste and top them with a snowfall of good Parmesan cheese.

To duplicate the baste, you clarify a stick of butter, then add a little oil so that the butter doesn’t solidify. Parmesan cheese, garlic, and salt are mixed in, then the sauce is set aside to cool and thicken.

Once the wings are fried to a golden brown, toss them with the baste in a bowl, then grab the grated Parm and make it snow.

Check out my other Wingstop clone recipes here.

It may look like it's all chocolate, but Wendy's founder Dave Thomas thought that a purely chocolate frozen dairy dessert would overpower his burger and fries, so he mixed chocolate with vanilla to create his signature ultra-thick shake, and in 1969, the Frosty was born.

My first crack at this iconic treat was revealed in a copycat recipe I published 25 years ago that called for mixing milk with Nestle Quik and vanilla ice cream in a blender. Tasty? Sure, it was. But the finished product was too runny, and the flavor wasn't perfect. That's why I recently holed myself up in the lab and created a formula that you churn in a home ice cream maker until thick and creamy, and it now tastes just like the real thing.

Unlike my previous recipe, which relied on premade ice cream and a drink mix, the scratch ingredients I used here allowed me to make small adjustments in flavor for a better match, and an ice cream maker is the perfect way to produce a thick, creamy consistency. So far, this is the best hack I've come up with to duplicate the treat that tests have shown is up to twice as thick as other famous desserts in a cup, including Dairy Queen's Blizzard and McDonald's McFlurry.

Menu Description: “A deliciously different way to taco. Tangy grilled chicken, sweet Asian chile sauce and dumpling sauce stuffed into crispy wonton shells and topped with a crunchy slaw and cilantro mix.”

Re-creating this hit appetizer requires cloning four parts none of which are difficult: Grilled chicken, coleslaw, secret dumpling sauce, and the crispy wonton shell to hold all of it together. For the chicken, we’ll grill a couple of thighs and chop them up. Then we’ll use bottled sweet chili sauce—usually found in your grocery store where Asian foods are parked—to punch up the flavor.

The coleslaw is easy with a dressing that’s only five ingredients. The slaw is best when it has some time to sit and wilt a bit, so plan ahead for the best flavor. You can slice the cabbage yourself, but a coleslaw kit that’s a combo of sliced cabbage and shredded carrots is a big time-saver. Just measure out 4 cups of the cabbage blend and mix it with the minced cilantro and dressing.

Wonton taco shells are not a thing you can usually find in stores, so we’ll make our own using wonton wrappers and a skillet of hot oil. When the oil is hot, add a wonton wrapper and use tongs to fold it over diagonally as it fries until it’s crispy on both sides. It takes less than a minute to fry each wonton taco shell, and you’ll get better at it as you go. Just be sure to leave plenty of room in the taco for the delicious fillings to come.

I've cloned a lot of dishes from Applebee's. See if I hacked your favorites here.


McDonald's big flop is back here

Despite heavy promotion, McDonald's (NYSE: MCD) Mighty Wings largely disappointed the brand when they first launched in 2013, leaving the chain with millions of wings that later sold at a discount.

At a December investor meeting, McDonald's USA President Mike Andres singled out Mighty Wings, saying although they were a "phenomenal" performer in some markets, they failed to meet expectations overall.

Despite the flop, they're back in one market as McDonald's continues giving more power to regions to decide what works in each market as part of its ongoing turnaround effort.

"Mighty Wings performed very well in the Detroit market, so they brought them back for an encore by popular demand. At this time, Detroit is the only market that has chosen to bring the Mighty Wings back as a local market menu option," said Kristen Wells, a McDonald's spokeswoman in an email.

In its latest iteration, McDonald's toned down the spice level by 25 percent even as rival Burger King (Toronto Stock Exchange: QSR-CA) bets on heat with its spicy chicken fries launch earlier this month.

Pricing is determined by franchisees, but prices at locations CNBC called ranged from about 89 cents to about a buck each, depending on the size ordered.

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Crypto Hedge Funds Buy the Dip in Bitcoin’s Week of Reckoning

(Bloomberg) -- Felix Dian is in fighting spirits after this week’s crypto meltdown.Like many pros, the former Morgan Stanley trader says Bitcoin’s volatility actually shows why hedge funds are in the digital-currency game: To ride boom and bust cycles with diversified bets so clients don’t get killed at times like this.Something is working. His $80 million crypto-focused fund at MVPQ Capital is up 14% in May and has more than tripled in value this year. In contrast, Bitcoin has plunged almost 30% this month, cutting the advance for 2021 to 42%.“We had kept dry powder,” he said in an interview from London. He took advantage of Wednesday’s price collapse and bought Bitcoin when it was trading around $35,000.Crypto-Crash Autopsy Shows Billions Erased in Flash LiquidationsNot everyone’s been so lucky. Scores have seen their fortunes dashed this week in a cascade of selling across crypto markets. Investors spent some $410 billion buying up Bitcoin during this bull market, according to data from Chainalysis. When prices sank to $36,000 this week, $300 billion of those positions were at a loss.It’s left money managers wrestling with whether the digital currency, which is coming under new regulatory scrutiny in the U.S. and China, still has the makings of a serious asset class or will remain nothing more than a speculative bubble.Bitcoin hovered around $40,000 on Friday, trading up 1% as of 7:15 a.m. in New York. The token has lost 35% since hitting an all-time high of $63,000 in April.Charles Erith, who worked for 24 years in Asian emerging markets before jumping to crypto, said the speculative froth was flushed out this week. He bought Bitcoin as prices were plunging.“At $35,000, we felt it’s a reasonable level at which to be adding,” said Erith, who runs ByteTree Asset Management in London. “It’s obviously not regulated and it’s a very young asset, but I don’t think this is going to be a revisit of 2018.”Data from research firm Chainalysis shows professional investors used the crash as an opportunity to start buying at cheap levels, helping put a floor under the market. Big investors bought 34,000 Bitcoin on Tuesday and Wednesday after reducing holdings by as much as 51,000 bitcoin in the last two weeks, according to data from Chainalysis.“People that were borrowing money to invest, they were wiped from the system,” said Kyle Davies, co-founder at Three Arrows Capital in Singapore. His firm bought more Bitcoin and Ether as prices of the tokens tumbled this week.“Every time we see massive liquidation is a chance to buy,” he added. “I wouldn’t be surprised if Bitcoin and Ethereum retrace the entire drop in a week.”Over in Paris, Loan Venkatapen, founder of Blocklabs Capital Management, blames the recent rout on over-leveraged retail investors but says blockchain and the related technologies “are here to stay.”Unlike Davies, Venkatapen avoided Bitcoin, but bought Ether, Solana and other assets connected with the decentralized finance movement as they sold off.“Bitcoin is not dying, but we expect productive blockchain assets such as Ethereum or Solana to challenge Bitcoin dominance in the coming months,” he said.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Investors shun tech, rush for inflation protection - BofA

LONDON (Reuters) -Investors pumped money into inflation protection and dumped some tech stocks, BofA's weekly fund flow data showed on Friday, as U.S. Federal Reserve policymakers hinted at discussing tapering of government bond purchases "at some point". Gold funds attracted $1.3 billion, BofA said. Tech stocks are particularly sensitive to rising interest rate expectations because their value rests heavily on future earnings, which are discounted more deeply when rates go up.

Nvidia sets 4-for-1 stock split, shares rise

The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020. Stock splits can potentially attract retail investors who make small trades. Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20.

Daimler Disagrees With Tesla and VW’s Batteries-or-Bust View

(Bloomberg) -- Daimler AG’s truck chief expects hydrogen-powered big rigs to play an important role in slashing emissions from the transportation sector despite the technological hurdles and skepticism raised by two prominent rivals.Focusing solely on battery-electric vehicles would be risky because of the scarcity of certain raw materials and challenges grids will have supporting wide-ranging charging networks for trucks and buses, Martin Daum, Daimler Truck’s chief executive officer, said in a phone interview.“We cannot afford to bank on just one technology to reach the climate goals,” Daum said. “The focus until 2025 will be 100% on battery-electric vehicles. Between 2025 and 2035, we’re going to need both battery-electric and fuel cell vehicles because the massively growing infrastructure requirements require a two-legged approach.”Fuel cells, which generate electricity from hydrogen and therefore eliminate the need to recharge batteries, have been touted for years as a potential alternative to combustion engines. But high costs and sparse fueling infrastructure have stood in the way of broader adoption and left the technology far behind battery-electric powertrains in the passenger-car market.Electrifying commercial vehicles is more complex -- they’re larger, heavier and used for everything from deliveries to supermarkets in urban areas to long-haul transport in remote areas. Daimler recently formed a joint venture with rival Volvo AB to jointly develop fuel cell stacks.Daimler’s DetractorsWhile prominent industry leaders including Tesla Inc.’s Elon Musk and Volkswagen AG’s Herbert Diess have repeatedly criticized fuel cells and argued battery power is the only way forward, Daimler and Volvo aren’t alone in seeing long-term potential.“Decarbonization of the energy mix represents the most profound shift in energy since the start of the industrial revolution,” Sanford Bernstein analysts led by Neil Beveridge said in a note to clients. “It is simply impossible to reach net zero by 2050 without hydrogen playing a major role.”Daimler’s truck division is the world’s largest maker of commercial vehicles and on track to be spun off from the Mercedes-Benz luxury-car operations this year. The split reflects the diverging technology trends between passenger cars and commercial vehicles. Both will need enormous investment in new technology to comply with stricter emissions standards.Daum, 61, mapped out more aggressive profitability targets on Thursday and objectives to generate the funds needed to navigate the industry’s transformation.“We want to be a resilient company that can avoid losses even in difficult years,” he said. The unit plans to list at the Frankfurt stock exchange later this year and could enter the country’s blue-chip DAX Index.Global PresenceDaimler boasts a truly global footprint that’s unique among commercial-vehicle manufacturers. While Volvo just trimmed its presence in Asia by selling its UD Trucks business in Japan, VW’s Traton SE unit is finishing its takeover of U.S. truckmaker Navistar International Corp. next quarter.Apart from Mercedes trucks, Daimler’s trucks and buses division comprises Fuso in Japan, BharatBenz in India, Setra in Germany and Freightliner, Thomas Built and Western Star in North America.The company has relied heavily on profits from Freightliner in recent years, as North America tends to generate much of the industry’s earnings. Executives said Thursday that boosting profitability at European operations will be a top priority and pledged to reduce personnel and material costs to become more competitive in the region.Asked whether Daimler may consider an acquisition of CNH Industrial NV’s Italian business Iveco, Daum said his focus is on the company’s own operations. “I don’t see the need for us to add an asset to our European business,” he said. “There are no plans for any structural changes.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Summers Says Crypto Has Chance of Becoming ‘Digital Gold’

(Bloomberg) -- Former U.S. Treasury Secretary Lawrence Summers said cryptocurrencies could stay a feature of global markets as something akin to “digital gold,” even if their importance in economies will remain limited.Speaking at the end of a week in which Bitcoin whipsawed, Summers told Bloomberg Television’s “Wall Street Week” with David Westin that cryptocurrencies offered an alternative to gold for those seeking an asset “separate and apart from the day-to-day workings of governments.”“Gold has been a primary asset of that kind for a long time,” said Summers, a paid contributor to Bloomberg. “Crypto has a chance of becoming an agreed form that people who are looking for safety hold wealth in. My guess is that crypto is here to stay, and probably here to stay as a kind of digital gold.”If cryptocurrencies became even a third of the total value of gold, Summers said that would be a “substantial appreciation from current levels” and that means there’s a “good prospect that crypto will be part of the system for quite a while to come.”Comparing Bitcoin to the yellow metal is common in the crypto community, with various estimates as to whether and how quickly their total market values might equalize.Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, said earlier this month that if gold is assumed to have a market cap of around $10 trillion, “it’s not out of the question that Bitcoin will reach gold parity in the next five years.” With Bitcoin’s market cap around $700 billion, that could mean price appreciation of around 14-fold or more.But Summers said cryptocurrencies do not matter to the overall economy and were unlikely to ever serve as a majority of payments.Summers is on the board of directors of Square Inc. The company said this month that sales in the first quarter more than tripled, driven by skyrocketing Bitcoin purchases through the company’s Cash App.Summers’ comments were echoed by Nobel laureate Paul Krugman, who doubted crypto’s value as a medium of exchange or stable purchasing power, but said some forms of it may continue to exist as an alternative to gold.“Are cryptocurrencies headed for a crash sometime soon? Not necessarily,” Krugman wrote in the New York Times. “One fact that gives even crypto skeptics like me pause is the durability of gold as a highly valued asset.”Summers also said that President Joe Biden’s administration is heading in the “right direction” by asking companies to pay more tax. He argued policy makers in the past had not been guilty of pursuing “too much antitrust” regulation although he warned it would be “badly wrong” to go after companies just because of increasing market share and profits.Returning to his worry that the U.S. economy risks overheating, Summers said the Federal Reserve should be more aware of the inflationary threat.“I don’t think the Fed is projecting in a way that reflects the potential seriousness of the problem,” he said. “I am concerned that with everything that’s going on, the economy may be a bit charging toward a wall.”(Adds Summers is on Square’s board in 8th paragraph)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

S&P 500 Price Forecast – S&P 500 Gives Up Early Gains

The S&P 500 initially rallied on Friday to reach towards the 4200 level before pulling back again. At this point time, the market is likely to continue to grind away in order to build up the necessary momentum to break out.


Americans to Consume 1.25 Billion Chicken Wings Super Bowl Weekend

WASHINGTON , Jan. 23, 2012 /PRNewswire-USNewswire/ -- As Americans plan their menus for Super Bowl Sunday, the second biggest eating day of the year after Thanksgiving , few items will be more prominent on viewers' plates than America's favorite appetizer – chicken wings.

Super Bowl weekend is unquestionably the biggest time of the year for wings. More than 1.25 billion wing portions will be consumed during Super Bowl weekend in 2012, totaling more than 100 million pounds of wings, according to the National Chicken Council's (NCC) 2012 Wing Report. If the wings were laid end-to-end they would circle the circumference of the Earth – more than twice – a distance that would reach approximately a quarter of the way to the moon.

Some 23 percent of those who watch the big game will eat chicken wings, up slightly in popularity from last year, and second only to dips and spreads (32 percent) on Super Bowl menus, according to the third annual Supervalu Snack Down Survey by Harris Interactive.

NCC Senior Vice President and Chief Economist Bill Roenigk points out that chicken wings will be consumed by three times the number of Americans on Super Bowl Sunday than a typical Sunday throughout the year. About half will be ordered from restaurants and half purchased from retail grocery stores.

"Foodservice and retail grocery stores should really be commended for helping chicken companies take a small part of the chicken and make it such a big part of Super Bowl Sunday," Roenigk said. "Whether the wings are mildly-spiced, medium-spiced or super-hot, restaurants and grocery stores have made wings a bigger part of menus throughout the year."

While the Super Bowl is an extremely popular television event – with 111 million viewers in 2011 – there are still about 196 million Americans who will not tune into the game.

"Chances are good that those people not watching the Patriots and Giants battle for the Lombardy Trophy on February 5th will be at home eating their normal Sunday night dinner," added Roenigk. "Chances are very good that some other part of the bird is on their plates, too."

Research from The NPD Group points to the same conclusion.

"Other chicken dishes are seven times more popular than wings on Super Bowl Sunday," added Harry Balzer , chief food and beverage industry analyst and vice president of The NPD Group. "Chicken is a very popular dish overall on that day… and it's not just wings."

AFC/NFC Championship Outcome Affects Super Bowl Consumption

According to NPD Group data, not all regions of the country are equal when it comes to eating wings.

This year's Super Bowl matchup between the New York Giants and New England Patriots should hold wing consumption relatively steady compared to last year's levels. That is because New Englanders and Patriots fans are six percent less likely than the national average to order chicken wings at a food service establishment, but fans of the New York Giants and those others in the Mid-Atlantic region are 24 percent more likely.

A New York Giants – Baltimore Ravens match-up would have produced maximum wing consumption out of the four possible Super Bowl match-ups. Those in the South Atlantic region, including Ravens fans, are 27 percent more likely than the national average to order chicken wings at a food service establishment.

Should the San Francisco 49ers have won in overtime and faced the Patriots, wing consumption would have taken a hit. Those in the in the Pacific region are 34 percent less likely to order wings.

Wing-specific Restaurants are Hot on Super Bowl Weekend

Wingstop, a Texas -based restaurant franchise with 500 locations, expects to sauce and toss 5.6 million wings on Super Bowl Sunday alone - an increase of 12 percent over 2011. The company's Super Bowl sales are, on average, 290 percent over the average Sunday, with the most popular wing flavors on that day being 1) Original Hot, 2) Lemon Pepper and 3) Hickory Smoked BBQ.

"The menu at a watching party has become almost as important as who wins the Super Bowl. Wingstop was founded almost 20 years ago, and since then we've seen an enormous increase in the popularity of wings as a Super Bowl food," said Jim Flynn , Wingstop CEO. "Fans place orders weeks early, and we have a crew of 6,500 wing experts nationwide that start prepping for Super Bowl Sunday months in advance."

To add to the energy level and excitement that the playoffs bring , Wing Zone, based in Atlanta, Georgia , is taking advantage of the increased traffic to introduce two new flavor rubs to their current line-up of 15 awarding winning options: Cool Ranch – The great taste of ranch without the need for dipping and Blackened Voodoo – The Holy Trinity of Cajun flavors combined with bayou heat.

Projected to sell almost one million wings at its 60 locations on Super Bowl Sunday, Wing Zone Field Marketing Manager Chris Pesti said, "With the increased sales volume this playoff season we plan to place an exclamation point on what has been a great year for the growth of Wing Zone."

The vast majority of wings, especially those destined for foodservice, are disjointed, with the third joint (the thin part known as the flapper) being exported to Asian countries and the meatier first and second joints being sold domestically. The wing is usually split into two parts or portions, known as the "drumette" and the mid-section or "flat" and sold to food service or retail outlets.

A chicken has two wings, and chicken companies are not able to produce wings without the rest of the chicken. Therefore, the supply of wings is limited by the total number of chickens produced. When the demand for wings is stronger than the demand for other chicken parts, the price of wings will go up.

Wing prices always go up in the fourth quarter of the year as restaurants stock up for the Super Bowl and prices usually peak in January during the run-up to the big game.

In the Midwest, for instance which includes Indianapolis , home of Super Bowl XLVI, the price of wings (whole) for the week of January 16-20, 2012 was $1.96 /lb wholesale, according to the U.S. Department of Agriculture's Poultry Market News Service. This represents a 50 percent increase in price from six months ago in July, 2011.

"The good news for consumers," said NCC's Roenigk, "is that food service and retail outlets generally plan months in advance for the NFL playoffs and Super Bowl Sunday, meaning that increased wholesale costs for the most part aren't passed on to consumers' plates."

Although fans in Philadelphia saw the Eagles' Super Bowl chances extinguish a month ago, a different kind of bowl will take place in the City of Brotherly Love on Friday, February 3 , 2012– the annual competitive eating contest known as the "Wing Bowl." Founded in 1993 by Philadelphia talk-radio hosts Angelo Cataldi and Al Morganti, the Wing Bowl is traditionally held on the Friday preceding the Super Bowl. The event, which began as a radio promotion, has grown to encompass television, the Internet and a contest for women who are termed "the Wingettes."

20,000 people will pack into a sold out Wells Fargo Center at 6:00 a.m. for the 20th Wing Bowl, which will feature among others a rematch between 5-time Wing Bowl Champion Bill "El Wingador" Simmons and 3-time undefeated Wing Bowl reigning champion Jonathon "Super" Squibb. Squibb defeated El Wingador by one wing, 255 to 254, in 2011.

Where do Americans Get Their Wings?

According to NPD Group data for the year ending November, 2011, the top five restaurant categories to order chicken wings throughout the year (accounting for over 90 percent of all wing orders) are:

  1. Casual Dining Restaurants: 33 percent of all chicken wing restaurant orders
  2. Pizza places: 26 percent
  3. Chicken places: 16 percent
  4. Mid-priced full service restaurants: 9 percent
  5. Food stores: 8 percent

Originally on and off various fast-food menus, chicken wings have become a staple of casual dining. Virtually every casual dining chain offers chicken wings as an appetizer, if not an entree.

Increasingly, ready-to-eat or heat-and-eat wings are showing up in the delicatessen and prepared-foods section of supermarkets, a growing trend. These are the same products that are sold to bars and restaurants.

The Rest of the Year – 2012

Although America's taste for chicken wings is no hotter than during Super Bowl weekend, the National Chicken Council estimates that in 2012 more than 13.5 billion chicken wings (over 3 billion pounds) will be marketed as wings (as opposed to the wings on whole chicken or breast quarters). The actual number of wing portions sold is over 25 billion since the vast majority of wings are cut into two segments or portions.

Of these, about 9.5 billion wings (2.2 billion pounds) will be sold through foodservice channels. Another four billion wings (800 million pounds) will be sold in retail grocery stores – three billion as ready to cook (raw) or frozen and one billion ready to eat wings usually found in the deli section or the hot buffet in the store.

Consumers looking for great chicken wing recipes can find them on the National Chicken Council website at www.eatchicken.com.

History of the Chicken Wing

Deep-fried chicken wings have long been a staple of Southern cooking. But the concept of cooking wings in peppery hot sauce was born in 1964 at the Anchor Bar in Buffalo, New York , when co-owner Teressa Bellissimo cooked leftover wings in hot sauce as a late-night snack for her son and his friends. The boys liked them so much that the Bellissimos put them on the menu the next day. Served with celery slices and bleu cheese sauce, "Buffalo Wings" were an instant hit.

Dick Winger , who sold hot sauce to the bar, went on the road with Dominic Bellissimo , the owners' son, to promote the item and sell hot sauce, and the item gradually caught on with restaurant operators around the country. The concept hit the big time in 1990, when McDonald 's began selling Mighty Wings at some of its restaurants. KFC rolled out Hot Wings a year later, and Domino's Pizza introduced its own wings in 1994.


What the 3 Worst Fast Food Flops of 2014 All Had in Common

NEW YORK ( TheStreet) -- McDonald&aposs (MCD) - Get Report , Burger King (BKW) and Starbucks (SBUX) - Get Report ਊll were reminded this year of fast food&aposs golden rule: Price matters.

After some high-profile new fast food launches late in 2013, McDonald&aposs, Burger King and Starbucks were all forced to wipe them off the menu in early 2014. McDonald&aposs found out quickly -- by February -- that it couldn&apost sell giant spicy chicken wings for $1 apiece.

Burger King, which is likely to create new Tim Horton&aposs products in 2015 after it finalizes its merger with the Canadian coffee chain, may have learned from the debacle of trying to sell lower-calorie, pricey French fries dubbed Satisfries. Those were yanked from the menu in August.

And even Starbucks, not known for missing the mark on its਌offee, had to retreat in Aprilਏrom offering small, fancy pastries with an overly buttery taste.

In a fast food business desperate for sales growth at older store locations, the headline-grabbing missteps on important new products highlighted diners&apos price resistance about food meant to be eaten on the run.

Now 2015 is sure to bring a slew of new products from fast food companies eager to entice the hungry masses. And investors are looking for growth.

TheStreet takes a look back at the worst flops in the fast food industry for 2014, as McDonald&aposs, Burger King and Starbucks were all taught a hard lesson.

1. Burger King&aposs Satisfries get stale -- and quickly.

On Sept. 24, 2013, Burger King launched the crinkle-cut French fry known as the Satisfry, which was dubbed by execs at the chain as a "better-for-you option on the classic French fry."

The fries had 20% fewer calories than Burger King&aposs regular fries due to aꂺtter਌oncocted to soak up less oil. And the crunchy potatoes had 30% fewer calories and 40% less fat than fries founds at rival McDonald&aposs. The fries cost $1.89 for a small order, .30 more than for the standard fries. 

In effect, Burger King was charging its price-sensitive customers a premium to watch their waist line.

"In the U.S. and Canada, we launched Satisfries, a first-of-its-kind better-for-you French fry, which demonstrates our commitment to leading innovation in the QSR industry," boasted Burger King on its third-quarter 2013 earnings release.

But consumers weren&apost buying Burger King&aposs strategy. 

In August of 2014, Burger King announced that it would stop selling Satisfries. The company exited the business with not much to show for it efforts. Same-restaurant sales in the U.S. and Canada declined 0.3% in the third quarter of 2013, during the fries&apos launch period, rose a modest 0.2% in the fourth quarter, and then cooled to 0.1% in the first quarter of this year.

2. McDonald&aposs Mighty Wings promotion nosedives.

Some seven days before Burger King launched its low-calorie Satisfries, McDonald&aposs stayed true to itsꃺtty food roots and re-introduced Mighty Wings nationally after a year of development. (The product had first launched in 1990 but was taken off the menu in 2003.)

The price? A lofty $1 a wing.

"By adding Mighty Wings to our menu this fall, we want to bring the popularity and fun of chicken wings to customers looking for any reason to order them," said McDonald&aposs when the eight-week promotion kicked off in September 2013.

By the time McDonald&aposs execs held their third-quarter 2013 earnings call on Oct. 21, they were already clucking a different tune.

"Mighty Wings resonated with consumers but performed at the lower end of our expectations," said president and CEO Don Thompson. He added, "There are a couple of things we can improve on. One is still affordability -- $1 per wing was still not considered to be the most competitive in the current environment."

So why were they back in 2014? And why were they so much cheaper?

McDonald&aposs brought back the Mighty Wings on Feb. 27, 2014, at a steep discount to clear excess chicken wing supply. The wings sold at a 40% price reduction, with one order of five wings now costing $3, or .60 per wing.

The product is no longer on the menu.

Similar to Burger King&aposs experience with Satisfries, McDonald&aposs reaped little positive impact on sales with Mighty Wings. U.S. same-restaurant sales increased 0.7% in the third quarter of 2013 during the launch period, and then went on to decline by 1.4% and 1.7% during the fourth quarter of 2013 and the first quarter of 2014, respectively.

The Mighty Wings failure sheds light on the challenges McDonald&aposs faces with its new build-your-own-burger initiative. The burgers are priced higher than a traditional value meal. A customized burger with a medium drink and fries could run a person north of $8.29 at McDonald&aposs, compared to a $5 value meal.


Wednesday, August 28, 2013

KFLAG COUNTRY MUSIC UPDATE

  • Chris will release his new album, A.M., will be released on September 17th.
  • The debut single, "Aw Naw," is a Top 20 hit and climbing on the country charts.
  • Here is the 2013 Sunday Night Football schedule:
    Thurs. Sept. 5 NFL Kickoff Baltimore Ravens at Denver Broncos
    Sun. Sept. 8 Week 1 New York Giants at Dallas Cowboys
    Sun. Sept. 15 Week 2 San Francisco 49ers at Seattle Seahawks
    Sun. Sept. 22 Week 3 Chicago Bears at Pittsburgh Steelers
    Sun. Sept. 29 Week 4 New England Patriots at Atlanta Falcons
    Sun. Oct. 6 Week 5 Houston Texans at San Francisco 49ers
    Sun. Oct. 13 Week 6 Washington Redskins at Dallas Cowboys
    Sun. Oct. 20 Week 7 Denver Broncos at Indianapolis Colts
    Sun. Oct. 27 Week 8 Green Bay Packers at Minnesota Vikings
    Sun. Nov. 3 Week 9 Indianapolis Colts at Houston Texans
    Sun. Nov. 10 Week 10 Dallas Cowboys at New Orleans Saints
    Sun. Nov. 17 Week 11 Green Bay Packers at New York Giants
    Sun. Nov. 24 Week 12 Denver Broncos at New England Patriots
    Thurs. Nov. 28 Week 13 Pittsburgh Steelers at Baltimore Ravens
    Sun. Dec. 1 Week 13 New York Giants at Washington Redskins
    Sun. Dec. 8 Week 14 Atlanta Falcons at Green Bay Packers
    Sun. Dec. 15 Week 15 Cincinnati Bengals at Pittsburgh Steelers
    Sun. Dec. 22 Week 16 New England Patriots at Baltimore Ravens
    Sun. Dec. 29 Week 17 TBA

Jake Owen's penchant for taking risks and throwing caution to the wind hasn't slowed in the least since nearly losing two fingers in a recent go-kart accident. Despite having one of his fingers partially amputated, Jake says he has no intention of taking it easy. He tells us he even got a bit angry when the president of his record label asked him to do just that. "When I cut my fingers off in a go-kart accident he sent me a text that at first kind of -- I'll use the word 'perturbed' -- me because he said, 'You need to think about the big picture,' and it pissed me off because he knows I think about the big picture non-stop, but at the same time too, this is life and life happens. To me, no, I'll never slow down. I'm never gonna stop doing what I love to do. I think part of what makes me appealing to a lot of my fans is that I'm not any different than them. I want to hang out with them. I want to have fun. I'm sure as my career goes on and my daughter gets older and I become more comfortable in my marriage in a sense where it needs to be more family time then maybe I'll break away from it a little bit, but right now I'm just at a very awesome point in my career and life."
Jake is climbing the charts with his new single, "Days of Gold."
It's the debut release from his upcoming album of the same name, which is scheduled for release on December 3rd.

Lady Antebellum has extended their headlining Take Me Downtown tour with new dates scheduled for 2014. Kip Moore and Kacey Musgraves will continue on with the group for the second leg of the tour which begins on January 9th in Charleston, WV and runs through April.

Lady A recently announced their 50-plus city North American Take Me Downtown tour, which will open on November 8th in Southaven, MS. First tour dates begin to go on sale on September 13th.

Here are the 2014 North American dates on the Take Me Downtown tour:
1/9 Charleston, WV Charleston Civic Center
1/10 Raleigh, NC PNC Arena
1/11 Greenville, SC Bi-Lo Center
1/14 Cincinnati, OH U.S. Bank Arena
1/18 Wichita, KS Intrust Bank Arena
1/19 Lubbock, TX United Spirit Arena
1/30 Philadelphia, PA Wells Fargo Center
2/7 Tampa, FL Tampa Bay Times Forum
2/8 Jacksonville, FL Veterans Memorial Arena
2/14 Bossier City, LA CenturyLInk Center
2/15 Birmingham, AL BJCC Arena
2/16 Lafayette, LA Cajundome
2/20 Washington, D.C. Verizon Center
2/21 New York, NY Madison Square Garden
2/22 Uncasville, CT Mohegan Sun Arena
2/28 Toronto, ON Air Canada Centre
3/1 London, ON Budweiser Gardens
3/6 Saskatoon, SK Credit Union Centre
3/7 Edmonton, AB Rexall Place
3/8 Calgary, AB Scotiabank Saddledome
3/10 Vancouver, BC Pacific National Exhibition
3/12 Boise, ID Taco Bell Arena
3/14 Reno, NV Lawler Events Center
3/15 Ontario, CA CBBankArena
3/16 Fresno, CA Save Mart Arena
3/18 Los Angeles, CA Staples Center
3/21 Las Vegas, NV Mandalay Bay Events Center
3/22 San Diego, CA Valley View Casino Center
3/24 Phoenix, AZ US Airways Center
3/25 Las Cruces, NM Pan American Center
3/27 Oklahoma City, OK Chesapeake Energy Arena
3/28 Tulsa, OK BOK Center
4/11 Atlanta, GA Philips Arena
4/12 New Orleans, LA New Orleans Arena
4/26 Charlotte, NC Time Warner Cable Arena
4/27 Knoxville, TN Thompson-Boling Arena
Group member Charles Kelley and some of his superstar friends helped make the big tour announcement via video.
CHECK IT OUT

  • Sheryl is climbing the charts with her first country solo single, "Easy."
  • Her debut country album, Feels Like Home, will be in stores on September 10th.
  • Clear As Day topped the Billboard pop and country albums charts, earning him a spot in the Guinness World Records Book for being the youngest male in history to score a Number One album on the all-genre chart with a debut release.
  • Scotty has sold over 1.6 million albums in two years.

Florida Georgia Line will perform songs from their platinum-selling Here's To The Good Times album during the Today show's Toyota Summer Concert Series on Monday (September 2nd). The duo's set will include their current Top Five hit, "Round Here," and a collaboration with Nelly on the "Cruise" Remix, which has sold over 5.5 million downloads.

The upcoming 7th Annual ACM Honors will include host Dierks Bentley, presenters Deana Carter, David Nail, Darius Rucker and Steve Wariner along with musical tributes by Rodney Crowell and Emmylou Harris, Vince Gill and Paul Franklin, Kree Harrison, Robert Earl Keen, Lorrie Morgan, Jesse Keith Whitley, Chris Young and Thompson Square. The event will take place at Nashville's Ryman Auditorium on September 10th.

CELEBRATING BIRTHDAYS

  • Shania Twain (48)
  • LeAnn Rimes (31)
  • Jake Owen (32)
  • Sherrie Austin (43)
  • Scott Hamilton (Olympic gold medal-winning figure skater) (55)
  • Jason Priestley (actor, Beverly Hills 90210) (44)
  • Mary McCartney (photographer, daughter of Paul and Linda McCartney) (44)
  • David Soul (actor and singer, played Hutch on TV's Starsky And Hutch) (70)
  • Jack Black (Comic actor/musician School of Rock, Shallow Hal, High Fidelity, half of Tenacious D) (44)
  • Billy Boyd (actor, The Lord Of The Rings) (45)
  • Jennifer Coolidge (actress, Legally Blonde, Best In Show, A Mighty Wind, Stifler's Mom in America Pie) (52, disputed)
  • Daniel Stern (actor, Breaking Away, Diner, the Home Alone and City Slickers movies) (56)
  • Danny Seraphine (original drummer, Chicago) (65)
  • Otis Burt "Sonny" Shroyer, Jr. (actor, The Longest Yard, The Dukes Of Hazzard's Deputy Enos, Forrest Gump, The Rainmaker) (78)
  • Florence Welch (singer, Florence + the Machine) (27)
  • Nicki Minaj was a surprise guest during Taylor Swift's concert at Los Angeles' Staples Center in 2011. The two collaborated on the rapper's "Super Bass."
  • Tracy Lawrence earned a Number One country single in Billboard with "Can't Break It To My Heart" in 1993.
  • George Strait charted his first Number One single with "Fool Hearted Memory" in 1982.
  • Tanya Tucker recorded "Would You Lay With Me (In A Field Of Stone)" in 1973.
  • Tammy Wynette recorded "Stand By Your Man" in 1968.
  • Gene Autry recorded "Here Comes Santa Claus" in 1947.

INDUSTRY NEWS


DEMI LOVATO'S 'GLEE' CHARACTER REVEALED: Glee star Naya Rivera revealed at Sunday's (August 25th) VMAs that she will be getting romantic with Demi Lovato's character in the upcoming season of the show. Naya explained, "She's playing my love interest, so I'm very, very excited about it. We get to sing a song together."
TINA FEY AND AMY POEHLER INVITED BACK AS GOLDEN GLOBE HOSTS: Deadline is reporting that Tina Fey and Amy Poehler have been approached to host the 2014 Golden Globes following critical praise from their debut co-hosting the 2013 telecast. The website reports that there have not been any conversations between Fey, Poehler, and the network yet but the offer is on the table.
DIANA ROSS' SON CAST IN 'THE HUNGER GAMES: MOCKINGJAY': Lionsgate announced on Twitter on Tuesday (August 27th) that Diana Ross' son Evan has been cast as Messalla in The Hunger Games: Mockingjay Parts 1 & 2. Messalla is the assistant to Cressida -- previously announced to be played by Natalie Dormer. Evan has had roles on The CW's 90210 and the movie Jeff, Who Lives At Home.
MITCH HURWITZ GIVES AN 'ARRESTED DEVELOPMENT' MOVIE UPDATE: Rolling Stone magazine caught up with Arrested Development creator Mitch Hurwitz to discuss the series' life on Netflix and the long-rumored feature film adaptation. Mitch addressed the movie rumors by saying, "I can't get into much more detail because I don't want to scare anybody off. I don't want to be presumptuous about it. I don't own the property outright -- it's a 20th Century Fox property. But everybody seems really into it and really eager to make a movie. I'm always sort of superstitious about talking about this stuff before it happens. It's the best way to guarantee it doesn't happen." He added, "I think it would be very doable to get them back together for four or five weeks to make a movie"
VIN DIESEL GETS A STAR ON THE HOLLYWOOD WALK OF FAME: Vin Diesel seemed to be all smiles while accepting his plaque during the unveiling of his star on the Hollywood Walk of Fame. The actor was accompanied by his Riddick co-star Katee Sackhoff and Fast & Furious friends Michelle Rodriguez and Jordana Brewster. Vin received the 2,504th star on the famous street.

CELEBRITY GOSSIP


KATE MIDDLETON STEPS OUT WITH SLIMMER FIGURE: Just a little over a month after giving birth, the Duchess of Cambridge Kate Middleton stepped out to do some grocery shopping in Wales on Monday (August 26th) showing off a slimmer figure. Kate will be making her first scheduled public appearance on September 12th at a charity gala in London. Check out the new Kate: http://celeb.bz/17hV7WQ
HEIDI KLUM AND MEL B UPLOAD SELFIES WITHOUT MAKEUP: America's Got Talent judges Heidi Klum and Mel B posed for makeup-less selfies that Heidi uploaded to Instagram to give her followers an inside look at her skin care routine. The duo sported mini gel eye masks which are believed to help reduce dark circles and bags under the eyes. Klum captioned the photo, "Eye treatments! You won't recognize us tomorrow on AFT." Take a look at Mel and Heidi's bare look: http://bit.ly/14BmXgw
JOE FRANCIS SENTENCED TO JAIL TIME: Girls Gone Wild producer Joe Francis has been sentenced to serve at least 270 days in county jail for allegedly attacking a woman at his Hollywood mansion back in 2011. Three women accused Joe of taking them back to his house after a night out and then refusing to let them leave -- one of the women claims he choke-slammed her head into his tile floor. Joe's sentence also requires him to be on probation for 36 months and complete a level three anger management course as well as psychological counseling once a week for a year.
PAULA DEEN DISCRIMINATION CASE IS CLOSED: A federal judge officially signed off on a deal on Monday (August 26th) that dismisses the discrimination lawsuit against Paula Deen. The judge ruled that plaintiff Lisa Jackson could not sue over treatment that she observed rather than was subjected to herself. The case was closed "with prejudice" meaning that the she cannot sue again over the same allegations. Deen released a statement saying, "While this has been a difficult time for both my family and myself, I am pleased that the Judge dismissed the race claims and I am looking forward to getting this behind me, now that the remaining claims have been resolved. During this time my faith has strengthened me and the tremendous outpouring of support as well as prayers from folks from all walks of life has been both humbling and overwhelming. I am confident that those who truly know how I live my life know that I believe in kindness and fairness for everyone."
ALEXANDER SKARSGARD LEADS CHEER AT SWEDISH SOCCER GAME: True Blood star Alexander Skarsgard stood up and led a cheer at a Swedish soccer game trying recently in an attempt to rally the crowd to support the Hammarby Sports Club players. Though the video is in his native tongue, a YouTube commenter translated the cheer to mean, "Who is the most beautiful. Hammarby. the most victorious. Hammarby. and the best. Hammarby" Watch Alexander in action:

ALEC BALDWIN ATTACKS PAPARAZZI PHOTOGRAPHER

  • Both sides told the police that they do not want to press charges.
  • Hilaria and Alec welcomed their baby Carmen into the world on Friday (August 24th.)
  • Photos of Alec's Latest Fight: http://tmz.me/15eGCoX
  • Alec Baldwin's 7 Most Rage-Filled Feuds: http://eonli.ne/13eK0xR

DR. LUKE BACKS OUT OF 'AMERICAN IDOL'

  • Dr. Luke's departure leaves only Jennifer Lopez and Keith Urban at the judging panel.
  • Celebrities Who Turned Down American Idol: http://yhoo.it/178uamw

MONICA BELLUCCI AND VINCENT CASSEL CALL IT QUITS

  • Monica and Vincent met in 1996 on the set a French film called L'appartement before marrying in 1999. They have two daughters together -- eight-year-old Deva and three-year-old Leonie.
  • 54 Interesting Facts About Divorce: http://bit.ly/10npUvO

THE GIUDICE FAMILY REFUSED TO PAY $5 BEACH FEE

  • Teresa and Joe have recently made headlines for reportedly committing massive financial fraud.
  • Beach Etiquette - What Not To Do At the Shore: http://usat.ly/12HSFb5

MOVIE OPENING: 'CLOSED CIRCUIT'

HEADLINE NEWS

  1. Washington, D.C.
  2. Baltimore
  3. Providence, Rhode Island
  4. Hialeah, Florida
  5. Glendale, California
  6. Philadelphia
  7. Alexandria, Virginia
  8. Miami
  9. San Francisco
  10. Arlington, Virginia

(Headline News, FYI and Sports stories were compiled in part from reports by the Associated Press and Reuters.)

ON THE TUBE

  • BIG BROTHER - Contestants compete in the veto competition.
  • CRIMINAL MINDS (repeat)
  • CSI: CRIME SCENE INVESTIGATION (repeat)
  • AMERICA'S GOT TALENT - Performance recap.
  • AMERICA'S GOT TALENT - Six acts advance to the next round performances by One Direction and Cassadee Pope.
  • CAMP - Mack worries about her parents' visit for the Harvest Moon Festival.
  • MASTERCHEF - The judges are joined by their sons, who help critique a mystery box challenge.
  • THE MIDDLE (repeat)
  • THE MIDDLE (repeat)
  • MODERN FAMILY (repeat)
  • THE NEIGHBORS (repeat)
  • ABC'S THE LOOKOUT - TBA
  • ARROW (repeat)
  • SUPERNATURAL (repeat)
  • THE BRIDGE - Sonya pursues a cold lead despite Marco's advice.

OFF BEAT BRIEFS

THREE HIT BY DRONE AT BULL RUN: Three people who made it through a Virginia bull run were injured by a flying camera drone. Brad Fillius went to the Great Bull Run with his wife on Saturday (August 24th) without sustaining injuries. They then went in the stands to watch the later runs when he spotted a remote controlled drone. The drone eventually fell from the sky and hit him in the chest. The drone also hit two of Fillius' friends. The three friends said their injuries did not appear to be serious and event organizers offered to refund their participation fees as compensation. (UPI)
CVS' LONG PHARMACY RECEIPTS: A new meme is mocking how long CVS' receipts are when you customers make a purchase. Now consumers have begun posting photos of themselves holding human-length receipts from the drugstore's checkout counters on Twitter and Instagram. Some of the customers have even mocked how long the receipts are from a single purchase. CVS responded in a tweet saying, "'We've gone LONG on savings. And, as you've noticed, our receipts have gotten lengthier too" (Daily Mail)

TWERKING: A SCIENTIFIC EXPLANATION: A researcher has tried to explain the phenomenon of twerking. Michelle Olson, a professor of exercise science explained, You take a wide stance with your legs turned out at 10 and 2 so your hips are externally rotated, then you pulse up and down as you thrust the pelvis bone forward and back." Twerking is a combination movement involving deep squat and a pelvic tilt. Olson said the booty dancing move is a good twerkout for your butt and thighs. It also works the deep muscles of the hips and core muscles. (ABC News)
DOG WALKER GETS TRAMPLED BY COWS: A man in his 60s was walking his dog when animals attacked him. The man has been hospitalized after being trampled by a herd of cows while walking his dog. Emergency services were called to a field in St Neots, England last night and rushed the man to hospital. Experts warn others to beware of cows standing with their calves, as they could become violent while trying to protect their offspring. Police have confirmed that there was no criminal offence committed to provoke the attack. The man has sustained significant injuries.(Daily Mail)
ALL 25,000 STUDENTS FAIL ADMISSION TEST FOR UNIVERSITY OF LIBERIA: Not a single new student will be admitted into the University of Liberia this year after nearly 25,000 candidates failed the school's admission exam. The school's president, Ellen Johnson Sirleaf, said that the countries education system is still "in a mess" following civil war that ended a decade ago. Each student had to pay $25 just to take the exam. (FOX NEWS)

MAVS PLAYER SPOOFS GEICO COMMERCIAL:



Marriage Proposal Gone Wrong: Would-Be Bride Hits Boyfriend With Ukulele http://tinyurl.com/qedq2g7
PHOTO OF WIFE CARRYING DOUBLE-AMPUTEE MARINE GOES VIRAL:


HOW WE RANKED THEM

First, we identified the worst wings at each of the nation's most popular restaurants, and then we examined the profiles of each order. Then, we calculated the exact nutritional content of each individual wing. Since some orders come with 20 pieces and others come with six, that was the only way to even the playing field. Finally, we looked primarily at the calories, fat, sodium, and sugar content of each wing, deducting points from anything that carries trans fat (a man-made fat that increases the risk of heart disease, weight gain, and stroke) or doesn't reveal their full nutritional profile. We hate shady restaurants.

We also broke the wings into two categories—traditional bone-in and boneless. And since the majority of restaurants don't reveal their ingredient list, quality of ingredients did not play a role in our ranking. And if you don't see your favorite variety on here, it probably means it wasn't the worst option at that particular restaurant in that category it's not necessarily a safe bet.



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