‘A Dire Spiral’: Used Electric Vehicle Prices Are Cratering Amid Slackening Consumer Demand
The resale value of electric vehicles (EVs) is soaring as weak consumer demand weighs on prices. Automakers have offered a series of price cuts on new models to support sales amid weaker-than-expected demand. According to In the Wall Street Journal. Discounts have plummeted the resale value of EVs, with the average selling price for an […]
Tim Walz Fails to Address Rising Grocery Prices Under Harris
Minnesota Gov. Tim Walz (D), Vice President Kamala Harris' running mate, said why voters shouldn't blame Harris for the economy or rampant inflation, but instead for “price gouging” and ” He could not explain why he chose to talk about “false information.” “Let's talk about the economy,” ABC News' Michael Strahan said in an exclusive […]
Consumer Confidence Drops As Americans Remain Frustrated With High Prices One Month From Election
U.S. consumer confidence fell in October due to concerns about high prices, according to the University of Michigan Consumer Confidence Index. After two months of gains, U.S. consumer sentiment fell 1.2 index points to 68.9 in October. According to To the investigation. Joan Hsu, director of consumer research, cited high prices as a cause of […]
Ticket Prices For Texas-Texas A&M Rivalry Game Are Absolutely Insane
Who’s ready to blow their mortgage payment on a football game?! If you're planning on going to the Texas vs. Texas A&M game this November, be prepared to spend a fortune. (Related: Alabama fan goes on totally unbelievable rant after Crimson Tide suffers upset loss of century against Vanderbilt) The Longhorns-Aggies showdown is one of […]
Wholesale prices unchanged in September
FOX News national correspondent Brian Jenas reported on “Evening Edit” how former President Trump is berating Vice President Kamala Harris on the economy. U.S. producer prices were unchanged in September, indicating the outlook for inflation remains positive and confirming expectations that the Federal Reserve will cut interest rates again next month. The Labor Department's Bureau […]
Gold prices advance past CPI data; Copper surges with China stimulus in focus – Investing.com
Investing.com — Gold prices rose in Asian trading on Friday, extending their overnight gains as solid U.S. inflation data was offset somewhat by a soft outlook for the labor market. Among industrial metals, copper prices soared on hopes of further stimulus from China's fiscal stimulus. A weaker dollar, off a two-month high, lifted broad metal […]
Disneyland hikes ticket prices for ‘high-demand’ days
The Walt Disney Company will raise ticket prices at its two Southern California theme parks by about 6 percent on their busiest days. The company announced Wednesday that weekends and holidays, when Disneyland and California Adventure have the highest number of visitors, will see a 6.2% increase from $194 to $206 per day, effective immediately. […]
McDonald’s Fries Supplier to Shut Down Washington Plant, Lay Off 375 Workers as Fast Food Prices Soar
North America's largest french fry maker will close its Washington factory and lay off hundreds of workers, company officials announced in a recent earnings call. In an Oct. 1 article, Tom Warner, president and CEO of Lamb Weston Holdings, cited “sluggish” restaurant traffic and demand for frozen fries. press release Provides details of business failures […]
McDonald’s sues several meat packing companies, claims they colluded to inflate beef prices
See what's being clicked on FoxBusiness.com. McDonald's is suing several meat companies, accusing them of conspiring to raise the price of beef, among other things. The fast-food giant filed a federal complaint Friday against Tyson, JBS, Cargill, National Beef Packing Company and its subsidiaries, accusing the companies of engaging in a beef price-fixing scheme. Meat […]
McDonald’s claims beef suppliers including Tyson fixed prices in explosive antitrust suit
According to an explosive lawsuit, McDonald's alleged that major beef suppliers, including Tyson, conspired to fix prices at artificially high levels in violation of federal antitrust laws. The burger and fries giant alleged its beef suppliers agreed to manipulate and fix prices at “hypercompetitive levels,” according to a lawsuit filed Friday in the Eastern District […]