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 […]
NYC hoteliers warn new rules will drive up lodging prices
City council members are proposing new hotel regulations that could increase room rates in the Big Apple, a move officials say would be a “nuclear bomb” for the hotel industry. The bill, introduced by Councillor Julie Menin, would either ban hotels from outsourcing essential services or force them to directly employ most workers on union […]
Gas prices: Another day, another increase at the pumps
Gas prices increased again on Thursday, with the average price of a gallon of regular gas rising to $3.521, according to AAA. This was an increase over Wednesday’s average cost of $3.513 per gallon. While prices have fluctuated in 2024, there has been a decrease in the pumps in recent weeks and months. Nevertheless, gas […]
Gas Prices: Increase for the second straight day after Harris becomes presumptive Democratic nominee
Gas prices increased again on Wednesday, with the average price of a gallon of regular gas rising to $3.513, according to AAA. This was an increase over Tuesday’s average price of $3.502. While prices have fluctuated in 2024, there has been a decrease in the pumps in recent weeks and months. Nevertheless, gas prices remain […]
Coffee prices poised to surge again on supply chain disruptions
Coffee drinkers hoping for relief from rising prices will be in for disappointment as supply chain disruptions and rising labour costs are expected to make coffee even more expensive. The price of arabica, the premium coffee bean favored by Starbucks, rose to $2.32 a pound last month, up 64% from June 2020, when it was […]
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 […]
Home sales slump in June as prices hit another record high
U.S. existing home sales fell more than expected in June and the median home price hit a record high again, but improving supply and lower mortgage rates raised hopes that home sales may recover in coming months. The National Association of Realtors said on Tuesday that home sales fell 5.4 percent at a seasonally adjusted […]
Gas prices too high, Americans want to spend 37% less: study
Gas prices have stabilized, but Americans still believe fuel costs are too high, according to a recent survey. (iStock) A recent survey found that Americans still spend roughly 3% of their income on fuel for their vehicles, even as gasoline price inflation subsides. That cost is about $1,712 a year, about 37 percent more than […]
US Home Sales Hit 13-Year Low as Prices Soar to Record Highs
U.S. existing home sales fell to the lowest level since 2010 last month as sellers waited for lower mortgage rates and buyers were discouraged by soaring prices. Existing home sales fell 5.4% from May to an annualized rate of 3.89 million, according to data released Tuesday by the National Association of Realtors (NAR), marking the […]