Discussion: The Economy, Fiscal Cliff, National Debt, And Other Financial Issues IV

[blueharvest]

Surprised they posted something actually true.

It's a first for Fox News, for sure.

 

[blueharvest]

 

[blueharvest]

Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is

Many older Americans are already living in poverty, and it's poised to get worse.

www.businessinsider.com

 

[blueharvest]

Recession outlook: Avoiding hard landing recession is 'laughable,'

"We are not going to avert a hard landing," according to Stephanie Pomboy, an economist who called the 2008 crisis.

www.businessinsider.com

 

[MagnarTheGreat]

McDonald's stock price drops after CEO promises affordability during latest earnings call

McDonald's CEO Chris Kempczinski addressed menu price concerns of affordability during the latest earnings call after growth didn't meet expectations.

abcnews.go.com

Wendy's is already like the most expensive fast food, they're cooking up new ways to price gouge.

Wendy's Is Introducing Uber-Style Surge Pricing

Kirk Tanner, the new CEO and president of Wendy’s, shared with analysts his various plans to increase company profits, including investing in digital menu boards that will have the capacity to display dynamic pricing that fluctuates throughout the day by 2025. Here's what customers need to know.

www.foodandwine.com

Surge Pricing Is Coming to More Menus Near You
Restaurants experiment with technology that can move prices up and down based on demand and staffing; ‘a little sales boost to offset our costs’

https://www.wsj.com/business/hospitality/surge-pricing-is-coming-to-more-menus-near-you-66a245f3

Go on Google Reviews and Yelp and the rest and give them ****ty reviews if this happens to you.

 

[blueharvest]

 

[Teelie]

Surge Pricing Is Coming to More Menus Near You
Restaurants experiment with technology that can move prices up and down based on demand and staffing; ‘a little sales boost to offset our costs’

https://www.wsj.com/business/hospitality/surge-pricing-is-coming-to-more-menus-near-you-66a245f3

Go on Google Reviews and Yelp and the rest and give them ****ty reviews if this happens to you.

What they mean is they will raise the prices and then lower them (not enough to the previous prices) and raise them further everytime there is a "surge" of demand.

 

[blueharvest]

Jamie Dimon says the Fed should hold off on cutting interest rates because the economy is ‘kind of booming’ | Fortune

Dimon said there’s a roughly 35% chance of a U.S. soft landing, but stagflation and recession remain a threat.

fortune.com

 

[squeekness]

Surge Pricing Is Coming to More Menus Near You
Restaurants experiment with technology that can move prices up and down based on demand and staffing; ‘a little sales boost to offset our costs’

https://www.wsj.com/business/hospitality/surge-pricing-is-coming-to-more-menus-near-you-66a245f3

Go on Google Reviews and Yelp and the rest and give them ****ty reviews if this happens to you.

This isn't going to encourage me to visit fast food places anytime soon.

 

[blueharvest]

 

[blueharvest]

Federal Reserve holds key interest rate at more than 5% as inflation battle drags on

The pace of price increases on an annual basis as measured by the Consumer Price Index has stalled at a little more than 3% for the past nine months.

www.nbcnews.com

 

[blueharvest]

 

[squeekness]

And we wonder why we cant afford groceries anymore.

 

[Teelie]

Not the least bit surprised Walmart abused its market power to exploit customers and reward the rich.

 

[blueharvest]

 

[MagnarTheGreat]

The Dollar Tree is now the $7 Tree.

Dollar Tree will increase max price in stores to $7

Dollar Tree will raise the price cap in its store to $7, according to a fourth-quarter earnings call.

www.12onyourside.com

John Oliver on dollar stores: ‘They treat workers with indifference or outright contempt’

The Last Week Tonight host dug into mismanagement and employee mistreatment of stores such as Dollar General and Dollar Tree

www.theguardian.com

 

[MagnarTheGreat]

Supermarkets profited off pandemic and supply chain problems, FTC says

When food inflation surged in 2021 and 2022, where did all of that money go? A new government report suggests that wholesalers and major grocery chains enjoyed higher profits at the expense of consumers.

scrippsnews.com

 

[MagnarTheGreat]

Visa and Mastercard agree to $30 billion settlement that will lower merchant fees​

https://www.cnn.com/2024/03/26/economy/visa-mastercard-swipe-fee-settlement/index.html

 

[blueharvest]

 

[MagnarTheGreat]

US Consumer Sentiment Jumps to Highest Level Since July 2021

US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease.

www.bloomberg.com

 

[blueharvest]

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said in an upgrade from its previous estimate.

apnews.com

 

[blueharvest]

Powell says Fed wants to see 'more good inflation readings' before it can cut rates

Federal Reserve Chair Jerome Powell reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target.

apnews.com

 

[blueharvest]

 

[squeekness]

My addiction just got more expensive.

 

[blueharvest]

FTC calls out profits as a driver of grocery prices

A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after the COVID-19 recession. Profits and inflation surge…

thehill.com