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Tag: Higher

McDonald’s sales decline for first time in years as higher fast food prices hurt demand

“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. McDonald’s has struggled to attract cash-strapped customers amid rising menu prices, leading to its first sales decline in years. McDonald’s CEO Chris Kempczinski said the company’s system has “endured significant inflationary cost increases” over the […]

McDonald’s posts weak quarterly results as higher fast food prices hurt demand

“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. Burger chain McDonald’s Inc. on Monday reported an unexpected drop in sales and a quarterly profit that fell short of Wall Street expectations as rising menu prices helped it struggle to attract cash-strapped customers who […]

Inflation ticks higher

Business and Economics Full text   What are the best jobs in America that pay over $100,000 in 2024? According to the latest data from the U.S. Bureau of Labor Statistics (BLS) Job Openings and Labor Movement Summary (JOLTS), there were 8.1 million job openings in the United States as of the end of May. […]

Fed's preferred inflation gauge ticks higher in June

The Federal Reserve’s preferred inflation measure rose slightly in June, according to new data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index rose 0.1% last month and is up 2.5% over the past year. Core PCE, which excludes more volatile food and energy prices, rose 0.2% in June and is […]

Justice Department officials endorse Harris: ‘The stakes could not be higher’

Former and current Department of Justice (DOJ) officials have endorsed Vice President Harris as a presidential candidate, saying “the stakes couldn’t be higher” and warning of the implications of former President Trump being re-elected. Former U.S. Attorney General Loretta Lynch, along with more than 40 Justice Department officials, thanked President Biden for his years of […]

Homebuyers are backing out of deals at a record rate as prices march higher

DFW Housing and Macroeconomic Analyst Amy Nixon appears on “Making Money” to discuss the impact of big banks investing in residential real estate. Prospective home buyers remain nervous, faced with high mortgage interest rates and record-high home prices. new Investigation result The ever-higher costs of buying a home have led to more buyers backing out […]

Gas prices: Slight increase at the pumps as prices remain higher than a month ago

Gas prices increased very slightly on Tuesday, with the average cost for a gallon of regular gas rising to $3.502, according to AAA.  Gas prices remain a vital topic heading into the 2024 presidential election. With President Joe Biden deciding not to seek reelection, Vice President Kamala Harris will have to address the country’s high […]