California fast food restaurants have cut 10,000 jobs since passing $20 minimum wage: business agency
California Governor Gavin Newsom’s successful move to raise the minimum wage for many of the state’s fast-food workers is having a devastating effect on businesses that are being forced to cut labor costs to survive, critics say. Chipotle, McDonald’s and other major fast-food chains have been raising prices to catch up with the $20 an […]
California fast food wage hike has had detrimental impact, puts businesses in ‘jeopardy,’ critic says
California franchisee Alex Johnson estimates that his 10 restaurants will lose a combined $470,000 because of his state’s new minimum wage law. California Governor Gavin Newsom’s successful move to raise the minimum wage for many of the state’s fast-food workers is having a devastating effect on businesses that are being forced to cut labor costs […]
Unsold inventory shows EVs going nowhere fast
As I drove through the parking lot, I saw rows of unsold electric cars and wondered how this could happen. everyone The transition to EVs was underway. Let’s start with the rental car companies. Rental car companies were supposed to help people get used to electric cars. Now Hertz is selling over 30,000 electric cars […]
Andy Cohen is ‘paddling really, really fast under the water’ to maintain career
Anderson Cooper says his best friend Andy Cohen has a lot going for him to survive in showbiz. Bravo executives have faced intense scrutiny in recent months after being the subject of allegations by several former “Real Housewives” stars. Cooper, 57, said his friends do a lot of work behind the scenes to keep it […]
Bidenflation Turned Fast Food into ‘Luxury’ for 78% of Americans
LendingTree investigated A survey of 2,000 American adults found that 78 percent consider fast food a luxury. “78% of consumers consider fast food a luxury because it has become increasingly expensive,” LendingTree reports. “Furthermore, half of Americans say they consider fast food a luxury because they are struggling financially.” Among those earning less than $30,000 […]
‘Frustrated’ McDonald’s exec rips viral reports of $18 Big Mac as painting inaccurate picture of fast food titan
McDonald’s U.S. chief executive officer said reports about soaring Big Mac prices paint an inaccurate picture of the company, which has seen profits rise by about a third since 2019 and is preparing to introduce $5 combo menu items. “It frustrates and concerns me and many of our franchisees when we hear about the sale […]
Republicans prepare to fast track Trump tax cut extensions in reconciliation
Republicans are preparing to fast-track an extension of the Trump tax cuts through the reconciliation process if they win a landslide victory in November. Nearly seven years after Republicans used budget reconciliation to pass the Tax Cuts and Jobs Act (TCJA), the party is preparing to use the same method to renew key provisions set […]
Fast food a ‘luxury’ for 78% of Americans: Survey
78% of respondents told LendingTree that they consider fast food a “luxury item.” Even more people who earn less than $30,000 a year and those with children agreed – over 80%. Further frustrating consumers is the fact that fast food prices have outpaced general inflation since 2014. (News Nation) — Drive-thru dining should feel like […]
Nearly 80% of Americans Consider Fast Food A ‘Luxury’
As inflation continues to impact Americans across the country, a new survey finds that nearly 80% of people now consider fast food a “luxury item.” Morning in America NewsNation correspondent Kelsey Karnstein analyzed a Finance Buzz report that found companies like McDonald’s, Popeyes and Taco Bell have all raised prices substantially, with the Bureau of […]
Nearly 80% of Americans now consider fast food a ‘luxury’ due to high prices
FOX Business’ Brian Bremberg looks at rising fast food prices under President Biden. Has drive-thru shopping become a luxury? A majority of Americans think so. Recent Research Implemented by LendingTree The survey found that meals have become so expensive that 78% of consumers consider fast food a “luxury” purchase. This photo shows In-N-Out Burger from […]