Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
California restaurant will up wages to compete with $20 fast-food pay: "Why wash dishes for $15 or $17 if I can go get $20 flipping burgers at McDonald's ...
businessinsider.com/california-fast-food-20-minimum-wage-restaurant-raise-pay-compete-2024-4
Quick Glance: California eateries adjust wages to meet competition with $20 fast-food pay
- A restaurant owner in California plans to raise wages to compete with the $20 per hour pay for fast-food workers.
- Legislation is expected to drive up wages in various sectors as they strive to attract and retain employees.
- The increased minimum wages worsen the existing challenges faced by independent restaurants in California.
- Implementing price changes, cost-cutting strategies, and reduced operating hours could be potential measures to streamline operations.
Wall St Week Ahead Surging US energy shares reflect robust growth, inflation worries
reuters.com/markets/us/wall-st-week-ahead-surging-us-energy-shares-reflect-robust-growth-inflation-2024-04-12/
Multinational giants urged to front supermarket inquiry for ‘playing hardball’: Australian retailers have turned their sights on global suppliers such as Nestle ...
smh.com.au/business/companies/multinational-giants-urged-to-front-supermarket-inquiry-for-playing-hardball-20240411-p5fj6q.html
I saved $1,700 eating leftover food from NYC's top restaurants — here's the gourmet haul I got for mere dollars
nypost.com/2024/04/12/lifestyle/i-saved-1700-eating-leftover-food-from-nycs-top-restaurants-what-i-got/
What China’s central bank and Costco shoppers have in common: Hint: it is not a fondness for cryptocurrencies
economist.com/finance-and-economics/2024/04/11/what-chinas-central-bank-and-costco-shoppers-have-in-common
KFC rolls out new discount value menu deals to challenge Popeyes
star-telegram.com/news/business/article287604855.html
Coeur Mining: Limited Margin Of Safety At Current Levels: Coeur had a tough 2023 with massive share dilution compared to peers, but has overcome significant ...
seekingalpha.com/article/4683463-coeur-mining-limited-margin-of-safety-at-current-levels
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Tesco shoppers baffled after spotting 'mental' price of olive oil: Tesco shoppers were taken aback after spotting one bottle of olive oil on sale for £13 ...
walesonline.co.uk/news/cost-of-living/tesco-shoppers-baffled-olive-oil-28975660
Loneliness Rates Are Soaring For Remote Workers, But So Is Inflation—Is Investing In A Co-Working Space Worth It?
essence.com/news/money-career/loneliness-rates-remote-workers/
Ibovespa Faces Decline Amid Mixed Global Signals: In a day marked by global economic uncertainties and mixed signals, Brazil's Ibovespa closed with a ...
riotimesonline.com/ibovespa-faces-decline-amid-mixed-global-signals/
March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.
axios.com/2024/04/10/march-cpi-food-inflation
The Bank of Japan's New Path Ahead: The Bank of Japan is set to normalise monetary policy when certain conditions are met, namely inflation ...
think.ing.com/articles/bank-of-japan-the-show-must-go-on/
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Fed Suffers Setback in Inflation Fight. But It’s Too Early to Talk Rate Hikes.: Another hot inflation report likely will prompt Federal Reserve officials to ...
barrons.com/articles/fed-inflation-interest-rates-30a3b669
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Tesco grows profits and creates jobs amid price cutting: Tesco said it has won market share in the UK after cutting prices amid the surge in inflation which it ...
heraldscotland.com/news/24245325.tesco-grows-profits-creates-jobs-amid-price-cutting/
Tesco to create jobs in new stores after surge in profits: Tesco boss says inflationary pressures have eased as the company faces criticism for the scale of the ...
heraldscotland.com/news/24245088.tesco-create-jobs-new-stores-surge-profits/
Inside the fall of the iconic L.A. chain 99 Cents Only: The deep-discount retailer started in L.A. in 1982 and grew to 371 stores. Now all are closing ...
latimes.com/business/story/2024-04-10/99-cents-only-what-went-wrong
Against the initiative of Rewe boss: boss of the drugstore chain dm: “Longer opening hours would increase inflation”
kleinezeitung.at/wirtschaft/18353559/chef-der-drogeriekette-dm-laengere-oeffnungszeiten-wuerden-teuerung
Nike flies out of the portfolios: Inflation sends Wall Street into a tailspin: Higher than expected inflation triggered massive selling on the US stock markets ...
n-tv.de/wirtschaft/Inflation-schickt-Wall-Street-auf-Talfahrt-article24864636.html
Spotify premium customers about to be hit with fresh price increase: Australian Spotify subscribers are about to be hit with a fresh price increase ...
9news.com.au/national/spotify-premium-price-increase-may-2024/486e29fc-5f04-4b37-807f-ef6a4adb5396
Wave of bankruptcies is rolling: More bankruptcies than in 20 years: More and more companies in Germany are going bankrupt. The number of company bankruptcies ...
fr.de/wirtschaft/pleitewelle-rollt-so-viele-insolvenzen-firmenpleiten-unternehmen-deutschland-2024-zr-92997517.html
Real Estate Stocks (S5RLST Index) Plunge After March US Inflation Report - Bloomberg
bloomberg.com/news/articles/2024-04-10/traders-flee-real-estate-stocks-as-hot-inflation-darkens-outlook
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Closing bell: setback after inflation data - TSMC with strong numbers - Nike and Co under pressure
deraktionaer.de/artikel/indizes/schlussglocke-daempfer-nach-inflationsdaten-tsmc-mit-starken-zahlen-nike-und-co-unter-druck-20354873.html
March's inflation data had good and bad news about food: It's getting increasingly cheaper to eat at home.
axios.com/2024/04/10/march-cpi-food-inflation
Why gold prices are at record highs: From central banks to Costco customers, it seems everyone is buying gold these days.
cnn.com/2024/04/09/economy/gold-prices-record-highs/
Dollar Tree's plan for $7 items is making shoppers angry: Dollar Tree's plan to add items up to $7 is pushing customers to other retailers, such as Walmart.
businessinsider.com/dollar-tree-shoppers-angry-dollar-store-raises-prices-2024-4
Allegra Stratton: Robocops Tackle Shoplifting: Tesco is predicting better times ahead for shoppers. Our story today shows that Britain’s largest grocer believes ...
bloomberg.com/news/newsletters/2024-04-10/allegra-stratton-robocops-tackle-shoplifting
Biden on high inflation: Blame the grocery stores: The president called “on corporations including grocery retailers to use record profits to reduce prices”
qz.com/joe-biden-inflation-grocery-retailers-prices-cpi-1851399831
KFC Just Added Some Seriously Affordable Meal Deals to Its Menu: KFC has an all-new set of value menu deals for you to try. Here's what's on the menu.
foodandwine.com/taste-of-kfc-deals-value-menu-8629325
Consumer Price Index Numbers Are High, No Rate Cut in Sight: Consumer price numbers are out, and inflation is very much still here. Plus: Robotaxis?
bloomberg.com/news/newsletters/2024-04-10/consumer-price-index-numbers-are-high-no-rate-cut-in-sight
UK consumer sentiment on the up, says Tesco boss: Tesco , Britain's biggest retailer, is seeing an improvement in consumer sentiment, its boss said on Wednesday ...
reuters.com/world/uk/uk-consumer-sentiment-up-says-tesco-boss-2024-04-10/
Tesco to buy back £1bn of shares as profits rocket: Chief executive hails ‘strong momentum’ as easing price inflation brings relief to shoppers
thetimes.co.uk/article/tesco-to-buy-back-1bn-of-shares-as-profits-rocket-mfws9t7kf
Paid articlePaid Interest rate 2024 outlook: More experts see no rate cuts as economy strong: Investors are finally waking up to the idea that the interest-rate cuts seen as a ...
businessinsider.com/interest-rate-2024-outlook-us-economy-fed-cuts-powell-jobs-2024-4
Small business optimism hits lowest level since 2012: NFIB: The NFIB's Small Business Optimism Index slid in March to its lowest level since December 2012 amid ...
foxbusiness.com/economy/small-business-optimism-hits-lowest-level-since-2012-nfib
The Dow drops 300 points as investors get jittery about inflation: Economists expect the consumer price index to increase from February
qz.com/dow-jones-industrial-average-inflation-fed-interest-rat-1851397283
Argentina's Banco Galicia bets on lower inflation, rates after HSBC deal: Argentina's Banco Galicia, buying HSBC's local assets in a near $500 million deal ...
reuters.com/business/finance/argentinas-banco-galicia-bets-lower-inflation-rates-after-hsbc-deal-2024-04-09/
Morning Bid: Commodity prices irk inflation view: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-09/
Retail sales spring ahead of inflation on Easter bounce: New figures from the SRC show the value of retail sales in Scotland have grown at a faster pace than the ...
heraldscotland.com/news/24238557.retail-sales-spring-ahead-inflation-easter-bounce/
New EU regulation: There is a risk of price shock for coffee: The EU once again means well and wants to stop global deforestation with a new regulation ...
ga.de/news/wirtschaft/ueberregional/neue-eu-verordnung-bei-kaffee-droht-der-preisschock_aid-110320129
Paid articlePaid European shares dip ahead of ECB policy decision; BP shines: European shares opened lower on Tuesday, with investors stepping to the sidelines ahead of this ...
reuters.com/markets/europe/european-shares-dip-ahead-ecb-policy-decision-bp-shines-2024-04-09/
Buy groceries at Walmart recently? You may be eligible for a class action settlement payment
richmond.com/news/nation-world/business/walmart-settlement-weighted-grocery-class-action/article_b263624a-2f5d-53c0-92ae-a3210d3123bd.html
Levi Strauss closes factory in Poland after over three decades: The company and city have announced support for the 650 people who will lose their jobs.
notesfrompoland.com/2024/04/05/levi-strauss-closes-factory-in-poland-after-over-three-decades/
99 Cents Only Stores will close all 371 of its outlets effective Friday: California-based 99 Cents Only Stores says it will close all 371 of its outlets ...
apnews.com/article/99-cents-only-store-closures-0f44cf157c8d8a23085ee8ab4e2f7878
Quick Glance: 99 Cents Only to Close All 371 Stores and Cease Longstanding Business
- After more than four decades, 99 Cents Only will close all 371 of its stores and cease its business operations.
- The decision was made due to various challenges, including the COVID-19 pandemic, shifting consumer demand, inflationary pressures, and increasing levels of shrinkage.
- The closure of 99 Cents Only reflects a broader weakness in the dollar-store category, with other major retailers also announcing store closures.
- Established in 1982 in Los Angeles, 99 Cents Only was a trailblazer in single-price retail and faced pressure from rising wages and competition from larger chains.
DAX and Co: Strong start to the week - Zalando and ProSieben with rebound - Rheinmetall cannot be stopped
deraktionaer.de/artikel/indizes/dax-und-co-starker-wochenauftakt-zalando-und-prosieben-mit-rebound-rheinmetall-nicht-zu-stoppen-20354629.html
The Dow edges up as the market waits for a big inflation report with interest rate cuts in limbo
qz.com/dow-jones-inflation-cpi-report-fed-interest-rate-cuts-1851394981
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
abcnews.go.com/Business/wireStory/fed-cut-rates-us-economy-flexes-muscles-108939344
Quick Glance: Fed Rates: US Economy Strong, Rate Cuts Uncertain
- Following the Federal Reserve's decision to halt rate hikes, debates arise on the necessity of rate cuts.
- Strong economic performance and unexpected growth may challenge the Fed's planned rate reductions.
- Experts are divided on whether the US economy actually requires rate cuts as employment figures and production increase.
- High inflation and economic uncertainty spark discussions on the need for rate cuts.
Gold more expensive than ever - Expert still advises against selling: gold price will continue to rise
finanzen.net/nachricht/rohstoffe/goldpreis-auf-allzeithoch-experte-erklaert-darum-sollten-anleger-weiter-auf-gold-setzen-13393618
S&P 500, Nasdaq Futures Dip While Bitcoin Surges: What's Going On? - Invesco QQQ Trust, Series 1 (NASDAQ:
benzinga.com/news/earnings/24/04/38139190/us-stocks-set-for-nervous-start-to-week-as-investors-eye-inflation-data-bitcoin-tops-72k-why-this-a
Inflation, Fed Minutes, Earnings… Why the Stock Market Rally Hangs in the Balance, and 5 Other Things to Know Before Markets Open
barrons.com/articles/what-to-know-today-1d477ede
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Small pizzerias grab bigger share: Small and regional pizza players are eating into the share of bigger rivals, data sourced from the industry indicate.
financialexpress.com/business/industry-small-pizzerias-grab-bigger-share-3449389/
Olive Garden is too expensive if you're making less than $75K: Even the Olive Garden is becoming increasingly too expensive for many Americans.
nypost.com/2024/04/03/business/olive-garden-is-too-expensive-if-youre-making-less-than-75k/
Quick Glance: Olive Garden Too Pricey for Incomes Under $75K
- Olive Garden is becoming increasingly out of reach for many Americans, especially those with lower incomes.
- Last year, Olive Garden stopped offering free pasta refills due to high inflation levels.
- Darden, Olive Garden's parent company, kept price increases below inflation but discontinued popular promotions like free pasta refills.
- The company operates over 2,000 restaurants, including Olive Garden, Longhorn Steakhouse, Cheddar’s Scratch Kitchen, and Capital Grille.
Traders at Dubai Gold Souq hope for busy Eid despite record price surge : Historic souq in Deira is on the front lines of the precious metal's rally
thenationalnews.com/news/uae/2024/04/07/traders-at-dubai-gold-souq-hope-for-busy-eid-despite-record-price-surge/
Garment exports to US show signs of recovery: Garment export to the United States, Bangladesh's single largest market, is showing signs of a rebound on the back ...
thedailystar.net/business/news/garment-exports-us-show-signs-recovery-3583566
Tesco sits at the top of the food chain but rivals are growing peckish: As the biggest supermarket prepares to unveil impressive profits, smaller grocers will ...
theguardian.com/business/2024/apr/06/tesco-sits-at-the-top-of-the-food-chain-but-rivals-are-growing-peckish
Pay on the floor: Kununu shows salary jumps: The self-reports of sales staff on Kununu show large differences in the adjustment of small incomes ...
lebensmittelzeitung.net/handel/karriere/bezahlung-auf-der-flaeche-kununu-zeigt-gehaltsspruenge-176997
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
cnbc.com/2024/04/05/fed-governor-bowman-says-additional-rate-hike-could-be-needed-if-inflation-stays-high.html
Spotify is changing how it charges customers, with new plans and prices: It will increase prices by about US$1 to US$2 (S$1.35 to S$2.70) a month in five markets ...
straitstimes.com/business/companies-markets/spotify-is-changing-how-it-charges-customers-with-new-plans-and-prices
Mohamed El-Erian Says 'Overly Data Dependent' Federal Reserve Has 'Turned Into A Play-By-Play Commentator
benzinga.com/analyst-ratings/analyst-color/24/04/38110452/mohamed-el-erian-says-overly-data-dependent-federal-reserve-has-turned-into-a-play-
Lidl receipt from 2002: Food was so much cheaper back then: All customers have probably noticed the inflation by now. However, very few people are likely to have ...
infranken.de/deutschland/lidl-kassenzettel-von-2002-so-viel-billiger-waren-lebensmittel-damals-art-5853181
Urgent warning ahead of major passport price rise: Martin Lewis' team at MoneySavingExpert has issued a warning to anyone who needs to renew their passport ...
leicestermercury.co.uk/news/cost-of-living/martin-lewis-issues-urgent-warning-9205464
European consumers reluctant to splash cash despite slowing inflation: Consumers in Europe appear not to want to increase their spending despite the slowing ...
euronews.com/business/2024/04/05/european-consumers-reluctant-to-splash-cash-despite-slowing-inflation
Equities struggle, oil extends gains on Middle East worries | kuwaittimes: Equities struggle, oil extends gains on Middle East worries - Business - HONG KONG: ...
kuwaittimes.com/article/12879/business/equities-struggle-oil-extends-gains-on-middle-east-worries/
Iran Reprisal Fears, Kashkari Warning Spark Selloff in EM Assets: Emerging-market equities fell as an oil-price spike driven by Middle East tensions brought back ...
bloomberg.com/news/articles/2024-04-05/iran-reprisal-fears-kashkari-warning-spark-selloff-in-em-assets
Paid articlePaid Stock market today: Indexes drop on Kashkari rate-cut signal, oil hits $90: US stocks fell Thursday as Fed rate cut hopes cooled, while oil surged before March ...
markets.businessinsider.com/news/stocks/stock-market-today-neel-kashkari-rate-cut-guidance-dow-sp500-2024-4
Asian shares mostly decline after Wall Street drop on rate cut concerns | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15221341
Dollarama reports increased profit as it attracts budget-conscious customers: Dollarama Inc.'s new chief financial officer says shrinkage — a metric the company ...
ctvnews.ca/business/dollarama-reports-increased-profit-as-it-attracts-budget-conscious-customers-1.6833888
Caution: The Bloomberg Open, Asia Edition: Good morning. The Fed’s Kashkari floats possibility of no cuts in 2024. The US to pressure Dutch on China chip curbs ...
bloomberg.com/news/newsletters/2024-04-04/caution-the-bloomberg-open-asia-edition
Paid articlePaid Saudi Arabia may hike May crude oil prices to Asia: Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May ...
reuters.com/markets/commodities/saudi-arabia-may-hike-may-crude-oil-prices-asia-2024-04-01/
Inflation widens income gap: Economic inequalities are increasing due to the inflation crisis, which has been ongoing since the second half of 2021 and peaked in ...
ekathimerini.com/economy/1235521/inflation-widens-income-gap/
Aldi, Rewe and Co. cause price hammers - customers don't know what hit them: For a long time, many customers at Aldi, Rewe and Co. didn't dare to look at the ...
derwesten.de/panorama/vermischtes/aldi-rewe-inflation-sinkt-preise-lebensmittel-news-id300908744.html
Because of rising costs: market leader Tchibo increases coffee prices: Consumers have to prepare for higher coffee prices. Tchibo is considered a signal ...
faz.net/aktuell/wirtschaft/unternehmen/warum-kaffee-ab-mitte-april-in-deutschland-teurer-wird-19625721.html
TikTok Shop’s Era of Super Subsidies Is Ending: The app’s shopping features won over sellers and shoppers by offering deals that can seem too good to be true ...
wired.com/story/tiktok-shop-era-of-super-subsidies-is-ending/
Gold hits record high: Why investors are turning to the precious metal: Gold prices have been boosted in the past few months due to increasingly sticky inflation ...
euronews.com/business/2024/04/02/gold-hits-record-high-why-investors-are-turning-to-the-precious-metal
UK House Prices Fall for the First Time in Three Months: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market ...
bloomberg.com/news/newsletters/2024-04-02/house-price-dip
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