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•  From the Associated Press:

"More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low.

"Applications for unemployment benefits rose by 27,000 to 229,000 for the week ending June 4, the most since mid-January, the Labor Department reported Thursday. First-time applications generally track the number of layoffs.

"The four-week average for claims, which evens out some of the weekly volatility, rose by 8,000 from the previous week to 215,000.

"The total number of Americans collecting jobless benefits for the week ending May 28 remained unchanged from the previous week at 1,306,000, the fewest since Jan. 10, 1970."



•  Abasto reports that Hispanic supermarket chain Cardenas Markets, which operates more than 60 stores in California, Nevada, and Arizona, is acquiring six Rio Ranch Market stores in Southern California.  Terms of the deal, expected to close next month, were not disclosed.

“Cardenas Markets is stronger than ever, and this acquisition further solidifies the company’s position as one of the leading Hispanic supermarket chains in the country,” said Doug Sanders, Chairman & CEO of Cardenas Markets, in a prepared statement. “As we look ahead, we will continue to identify strategic opportunities to grow our business while providing a fresh & authentic shopping trip for our customers."



•  From Bloomberg:

"McDonald’s diners have said goodbye to salads. Stock investors should be glad they’re gone.

"A pandemic-driven menu overhaul at McDonald’s Corp. has eliminated more nutritious menu options such as grilled-chicken sandwiches and fruit and yogurt parfaits. The world’s biggest restaurant company is trimming out offerings to move diners through lines and drive-thrus faster and with less staff — a key necessity as restaurants struggle to attract and retain workers.

"These items likely won’t be returning anytime soon, and that should bolster profitability, BTIG LLC analyst Peter Saleh said. While mounting commodity and wage expenses have weighed on restaurants’ margins in recent quarters, faster service and higher sales can help to offset that. McDonald’s says it has shaved about 30 seconds off of its drive-thru wait times over the past few years, in part thanks to the menu cuts. This has a noticeable impact for investors: Restaurant margin, a key measure that takes into account operating costs, is expected to improve to 16.2% in the second quarter, up from 14% in the prior period, according to estimates compiled by Bloomberg."