Tag Archives: hot

With food inflation still hot, consumers turn to buy now, pay later to buy groceries and takeout

With food inflation still hot, consumers turn to buy now, pay later to buy groceries and takeout

Money is tight, food prices are soaring, and that’s turning more and more Americans to buy now, pay later options to stay afloat. Last year, some 15 million consumers — or 6.5% of the US population — reported using BNPL installment loans to pay for groceries or manage their weekly food expenses, according to research from PYMNTS Intelligence. Out of that share, about 5.4% of the households using BNPL to afford groceries were low-income. Meaning there was still a slim share of… Source link

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Why you must now be concerned about the hot Magnificent 7 trade

Why you must now be concerned about the hot Magnificent 7 trade

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Old habits die hard, in investing and in life. Take for example an employee who has been doing the same thing for a decade, then gets a promotion in large part because of what they were doing the last decade. It’s evolve or die in this new role — risk clinging to the past and its myriad of practices, or embrace the future and crush it. The same could be applied to… Source link

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Stocks recover losses after hot inflation print

Stocks recover losses after hot inflation print

US stocks recovered from earlier losses on Thursday to end the session mostly flat after a fresh reading on December inflation came in slightly hotter than economists had expected, raising new questions about the Federal Reserve’s path on interest rates. The S&P 500 (^GSPC) which had been down as much as 0.8% during the session, closed just under the flatline. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) hovered slightly above breakeven. Interest rate sensitive… Source link

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Google is scrambling against hot A.I. tech ChatGPT

Google is scrambling against hot A.I. tech ChatGPT

Before the artificial intelligence tool ChatGPT was unleashed into the world, the novelist Robin Sloan was testing a similar AI writing assistant built by researchers at Google. It didn’t take long for Sloan, author of the bestseller “Mr. Penumbra’s 24-Hour Bookstore,” to realize that the technology was of little use to him. “A lot of the state-of-the-art AI right now is impressive enough to really raise your expectations and make you think, ‘Wow, I’m dealing with… Source link

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Dave’s Hot Chicken eyes growth, undeterred by competitors Chick-fil-A & Raising Cane’s

Dave’s Hot Chicken eyes growth, undeterred by competitors Chick-fil-A & Raising Cane’s

Dave’s Hot Chicken Co-Founder Arman Oganesyan said his pop-up tent turned national food chain is focused entirely on its food and its customers, allowing it to stand out among its mega competitors. “You always have your big chicken competitors like the Chick-fil-A’s and the Raising Cane’s, but [again] we like to focus on our food. We like to focus on our customer,” he said to Yahoo Finance Live. Its menu includes 4 combo meals that feature chicken tenders or chicken sandwiches, and include… Source link

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We will not budge on $1.50 hot dog and soda combo

We will not budge on $1.50 hot dog and soda combo

Believe it or not, Costco is known more for its legendary $1.50 hot dog and soda combo than its steady stream of solid financial results over the past 30 plus years. And despite stubbornly elevated inflation, that mouth-watering price is seemingly here to stay. Longtime Costco CEO Craig Jelinek tells Yahoo Finance he has no plans to raise the price of the hot dog/soda combo — nor does he have plans to cut the price for it seeing as rival Sam’s Club lowered the price for its similar offering… Source link

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