Disney to hike streaming prices after announce profits
Disney’s streaming platform finally posted a net profit after a long struggle that saw the company lose billions of dollars. In its third-quarter earnings report, the company announced that streaming profits beat expectations for the quarter. Disney said direct-to-consumer revenue totaled $47 million in the third quarter, a big recovery from a $512 million loss […]
Home prices just fell the most in 2 years
Erin Sykes, chief economist at Nest Seekers International, weighs in on “The Bottom Line” as high interest rates continue to hurt the housing market. The housing market may finally be shifting in buyers’ favor. In a positive sign for homebuyers, the proportion of listings that were reduced in price in July jumped to 18.9%, up […]
Montauk restaurants hit by drop in sales amid soaring hotel prices in Hamptons
Normally bustling Montauk restaurants are suffering a dramatic drop in activity as rising hotel prices send inflation-hit Hamptons guests seeking cheaper destinations, Side Dish has learned. A wine and spirits distributor to Montauk restaurants said “drinks” sales are down about 20% this year. “That’s a really big number,” said a full-time East End salesman, adding […]
Back-to-school shopping presents 'pain point' for families amid high prices
In this era of high prices, parents are struggling to buy back-to-school supplies. Recent surveys have shown that parents feel they are spending more on clothing and school supplies than before and may delay buying or paying for necessities in order to buy school supplies for their children. Teachers are also facing challenges as the […]
Disney Hiking Streaming Prices as Much as 25 Percent
Thanks to the Kamala Harris economy, households will be paying up to 25 percent more for Disney streaming entertainment in the coming weeks. The Walt Disney Company announced on Tuesday that it is again increasing monthly subscription prices across its streaming entertainment services, including Disney+, Hulu, and ESPN+. Starting Oct. 17, the commercial-free Disney+ subscription […]
White Castle wooing financially-strapped customers with eye-popping menu prices
White Castle has slashed the price of its famous sliders to the lowest price in more than a decade, becoming the latest fast-food chain to offer discounts to attract financially strapped customers. The family-owned chain, which has 335 locations, including 30 in New York, is offering a promotion offering 10 cheese sliders for $7.99 — […]
98% of California fast food restaurants hiked prices in response to minimum wage
A staggering 98% of California fast-food restaurants have raised menu prices in response to the state’s new $20-an-hour minimum wage law, and nearly 90% have cut employee hours, according to a new study. The study, by the Employment Policy Institute, a fiscally conservative nonprofit think tank, surveyed 182 fast-food restaurant owners across California about the […]
Disney hikes streaming prices for Hulu, Disney+ and ESPN+
Disney announced on Tuesday that it would again raise prices for its popular streaming services, Disney+, Hulu and ESPN+, in an effort to encourage consumers to buy bundles. Starting in mid-October, most Disney+, Hulu, and ESPN+ plans will increase in price by $1 to $2 per month, and Hulu’s most expensive plan, which includes live […]
Oil prices see volatile day amid stock selloff, Iran fears
Oil prices swung wildly on Monday, hit by a mix of conflicting factors: a drop caused by a broad stock market sell-off and a rise caused by fears of possible Iranian retaliation against Israel. Brent crude, the world’s main price benchmark, fell to a low of $76.05 in the morning before fluctuating throughout the day […]
Lawmakers’ Airbnb war leaves sky-high rent prices untouched
Politicians unwilling to pursue radical structural reforms to solve large, complex problems often settle for boring proposals that are only half-clever. These proposals usually involve complex plans, are often “supported” by opaque but detailed data, and studiously avoid root causes. Politicians who advocate such proposals benefit from appearing to be actively working to solve the […]