Kim Lopdrup, CEO of Red Lobster Seafood Co., discusses the company's recent expansion into Puerto Rico and the menu revamp being implemented across its restaurants.
We talk about the changes to the company since its spin-off from Darden Foods. Lopdrup discusses how the company is expanding its reach, the changes to its look and menu, as well as its sustainability efforts. Plus, Lopdrup explains how Red Lobster humanely kills its lobsters. Switzerland recently passed a ban on boiling lobsters alive.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
