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Waffle House is placing a surcharge on every egg it sells
The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders. The Georgia-based chain is adding a 50-cent charge per egg because of the “nationwide rise in cost of eggs,” according to signs posted at its restaurants. An aggressive strain of avian flu is hurting supply and causing prices […]
Fox Corp. Expects to Launch New Stand-Alone Streamer by End of 2025
Fox’s Sunday-afternoon football games and Fox News host Jesse Watters may soon have a new digital home. Fox Corporation expects to launch a new stand-alone subscription-based streaming service by the end of 2025, as the company, which has resisted the call to plunge millions into developing premium content for broadband audiences, sees new allure in […]
Egg Shortages Are Now Hitting Restaurants, With No Relief in Sight
American restaurants are falling victim to a national egg shortage that has already plagued grocery stores from New York City to San Francisco and sent prices to $7 a carton. Biscuit Belly, which has 14 locations in six states across the south of the country, has already swapped the type of eggs it buys for […]
PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America
PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America. Shares of the company fell less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.96 adjusted vs. […]
OpenAI chief Altman inks deal with S Korea’s Kakao after DeepSeek upset
OpenAI chief Sam Altman has inked a deal with South Korea’s tech giant Kakao as the California-based firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry. Kakao, which owns an online bank, South Korea’s largest taxi-hailing app, and KakaoTalk, on Tuesday announced a partnership allowing it to use ChatGPT for its […]
Trump’s consumer watchdog freezes CFPB activity on first day of job
Feb 3 (Reuters) – U.S. Treasury Secretary Scott Bessent, who took over on Monday as President Donald Trump’s new acting consumer finance watchdog, has halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau, including investigations, rule making, litigation, and public communications, according to an email seen by Reuters. The Day One decision […]
Wildfires in Los Angeles
At least 27 people have died in multiple wildfires around Los Angeles. The Palisades Fire has destroyed thousands of buildings and burned through more than 23,700 acres, and the Eaton Fire consumed more than 14,000 acres — though crews were gaining ground on both after more than a week of fighting the flames. Track their […]
Trump tariffs could raise medication costs and exacerbate shortages, drug trade groups warn
President Donald Trump’s tariffs on Canada, Mexico, and China could worsen existing drug shortages in the U.S., raise healthcare costs for patients, and threaten generic drugmakers, according to some drug trade groups. The tariffs, announced on Saturday, include a 25% charge on goods from Canada and Mexico and a 10% charge on imports from China. […]
Trump’s consumer watchdog freezes CFPB activity on first day of job
On February 3, 2025, U.S. Treasury Secretary Scott Bessent, who took over as President Donald Trump’s new acting consumer finance watchdog, halted virtually all pending activities at the U.S. Consumer Financial Protection Bureau (CFPB). This includes investigations, rule making, litigation, and public communications. The decision was communicated via an email to all CFPB staff and […]
State Farm asks for insurance rate hike of 22 percent after L.A. fires
Wildfires in Los Angeles have caused significant destruction, with at least 27 people dead and thousands of buildings destroyed. The Palisades Fire has burned through more than 23,700 acres, and the Eaton Fire has consumed over 14,000 acres. While the direct cause of the fires is still under investigation, a review by The Washington Post […]