Friday, March 29, 2024

Is the heat really gone?

Also: Trump stock skids ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Mar 29 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

We're filling in for Betty Lin-Fisher today and will highlight some fine consumer content from the past few days.

Last year, fans of Sriracha hot sauce endured a historic Sriracha famine, evidently the result of a diminished harvest of red jalapeño peppers from Mexico. Now, the shortage is over. . . but fans say the sauce no longer packs the same heat, Jessica Guynn reports.

Is the sauce really different? Is the heat really gone?

Trump stock hits turbulence

Donald Trump's namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 as Trump fans and opportunistic traders bought up shares. But the price faded late in the session and has bounced along at lower levels ever since, ending Thursday down $4.26 at $61.96, my colleagues report.   

Its market valuation, just over $8 billion, is still stunning for a social media fledgling with an unproven business model that has struggled to attract users and advertisers, burned through cash, and wracked up losses.

Yesterday, in this space, we asked if it was already too late to cash in on the new stock. Now, we'll flip the question: Did investors pay too much?

📰 More stories you shouldn't miss 📰

Here are some great consumer stories from recent days:

Is Costco roping off its food court?
A $20 minimum wage triggers job cuts in California
Home Depot moves to attract more pro customers
Dollar Tree raises top prices to $7
10 worst airports for flight cancellations

📰 A great read 📰

And here's a recent story that resonated with readers: A greatest hit, if you will. Read it again. Read it for the first time. Share it with friends.

Surge pricing – or dynamic or variable pricing, as it's typically called in the business world – is fast becoming the norm, even in fast food. Restaurant chains are taking advantage of technological advances to tap into real-time trends and swiftly adjust prices, sometimes in seconds.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Daniel de Visé covers personal finance for USA Today.

Bottles of Huy Fong Foods' Sriracha hot chili sauce are shown on December 12, 2013 in Chicago, Illinois.

Die-hard Huy Fong Foods fans say the wildly popular Sriracha hot sauce in the trademark rooster bottle no longer brings the same heat.

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Republican presidential candidate, former U.S. President Donald Trump, gestures while speaking during the 2024 NRB International Christian Media Convention Presidential Forum on February 22, 2024 in Nashville, Tennessee.
 

High-flying Trump stock hits turbulence

Truth Social's parent company soared out of the gate Tuesday but volatile trading shook Trump's namesake social media company Thursday.

Customers come and go from Target store during Black Friday shopping on Nov. 23 in Anderson, S.C.
 

What stores are open Easter 2024? See details for Target, Macy's, more

Customers who need to do some last-minute shopping for Easter this year will have options, but less than normal. Here's what to know.

A Home Depot is pictured in February in Moore, Oklahoma.
 

Home Depot acquires SRS Distribution in $18 billion purchase

Home Depot announced Thursday it is buying SRS Distribution in an $18 billion deal it hopes will attract more pro customers and contractors.

A Bojangles in North Carolina goes viral after the misspelled sign caught the eye of a local landscaper.
 

'Bojagnles': Chain's North Carolina location adds typo to the menu

A Bojangles in North Carolina adds a typo to it's menu right outside the doors of the restaurant chain.

A customer places an order at the food court of the new Costco at One Daytona in Daytona, Florida, on the store's opening day, Feb. 22, 2024.
 

Costco: Food court crackdown may make it for members only

The Costco food court, home of hot dogs priced at $1.50, with a soda, and $1.99 pizza, could soon be off limits to non-Costco members.

Grand opening of a Dollar Tree/ Family Dollar at the Posey crossroads in Prattville, Ala., on Thursday, Nov. 30, 2023.
 

Dollar Tree will now have items up to $7, sees higher income shoppers

Dollar Tree said that it will have items up to $7 in its stores on its fourth quarter earnings call. The discounter also said that it is seeing more shoppers with over $100,000 incomes in their stores.

A delivery driver completes a transaction in a metropolitan area.
 

Fast food workers losing jobs as California minimum wage jumps to $20

Fast food workers are losing their jobs in California as more restaurant chains prepare to meet the $20 minimum wage increase set to go into effect April 1.

Customers shop for eggs at a Sprouts grocery store on April 12, 2023 in San Rafael, California. According to a report by the Bureau of Labor Statistics, the average price of eggs is nearly double its price in 2019.
 

Eggflation is back, but will people forsake eggs at Easter?

Egg-spensive is back again this Easter. Whether people are at their breaking point depends on what they're comparing the prices to. It's all relative.

The Ritz-Carlton Yacht Collection's Evrima vessel.
 

These hotel brands are getting into the cruise game. Are you booking?

A number of hotel and hospitality companies that have entered the cruise game in recent years, and they've brought their guests with them.

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