Waffle House has introduced a 50-cent surcharge per egg on customer orders due to a nationwide egg price increase caused by an ongoing avian flu outbreak. The chain, which serves 272 million eggs annually, stated that the bird flu has significantly reduced egg supply and caused prices to rise by nearly 40% over the past year. The surcharge will remain until market conditions improve, CNN … Continue reading Waffle House is placing a surcharge on every egg it sells

Eurozone inflation rose to 2.5% in January, surpassing expectations due to a sharp increase in energy costs, according to Eurostat data. Core inflation, excluding food, energy, alcohol, and tobacco, held steady at 2.7%, while services inflation slightly decreased to 3.9%. Energy costs surged by 1.8%, up from a minimal rise in December. Despite the rise in inflation, the European Central Bank (ECB) remains on track … Continue reading Euro zone inflation rises to hotter-than-expected 2.5% in January

Oil prices surged following President Trump’s announcement of tariffs on major trading partners, sparking concerns over supply disruptions. Brent crude rose 1.3% to $76.64 per barrel, and WTI increased 2.3% to $74.20. Starting Tuesday, the U.S. will impose a 25% tariff on imports from Canada and Mexico, including a 10% levy on energy products from Canada and China. The U.S. imports around 4 million barrels … Continue reading Oil Rises as Trump’s Tariffs Raise Supply Fears

Global stock markets dropped, with the dollar strengthening and oil prices rising, after President Trump imposed tariffs on imports from Canada, Mexico, and China. Asian markets, particularly Taiwan, South Korea, and Japan, saw sharp declines, with Japan’s Nikkei Index falling 2.5%. European markets were also hit, with the STOXX 600 index down 1.4%, and major carmakers’ stocks, including GM, Ford, Toyota, and Volkswagen, falling due … Continue reading Global stocks slide as Trump imposes tariffs on imports

The FDA has upgraded a December recall of Lay’s potato chips to its highest risk level, “Class I.” Originally affecting over 6,000 bags of 13 oz. classic chips in Washington and Oregon, the recall was prompted by the presence of undeclared milk, which poses a serious risk to individuals with severe allergies. The upgraded recall now warns that exposure to the product could cause serious … Continue reading FDA upgrades recall of Lay’s potato chips to most serious level

President Donald Trump threatened BRICS member states with 100% tariffs if they attempt to replace the US dollar as the global reserve currency. He emphasized that countries in the bloc, including Brazil, Russia, India, China, and South Africa, must commit to not creating a new currency or backing an alternative to the US dollar. Trump reiterated this position on his social media platform, calling any … Continue reading Trump threatens BRICS with tariffs if they replace US dollar

The new head of the Federal Communications Commission (FCC), Chairman Brendan Carr, has ordered an investigation into NPR and PBS over concerns that they may be violating federal laws by airing commercial-like underwriting announcements. Public broadcasting stations, which the FCC regulates, are prohibited from airing commercials. NPR and PBS executives deny the allegations, asserting that they adhere to FCC guidelines and maintain noncommercial educational programming, … Continue reading Trump-Allied FCC Chairman Opens Investigations Into NPR And PBS

As pressure from conservatives mounts, many companies are scaling back or eliminating diversity, equity, and inclusion (DEI) programs, but some, like Delta Airlines and the Cleveland Cavaliers, are maintaining their initiatives. These companies argue that DEI is vital for both business and moral reasons, citing benefits like innovation and employee retention. While several large corporations, including Walmart and McDonald’s, have reduced DEI efforts, others like … Continue reading From Delta Air Lines to Costco, some companies say they’ll stick with DEI

President Trump renewed his criticism of the Federal Reserve and Chairman Jerome Powell after the central bank left interest rates unchanged at its January meeting. Trump accused the Fed of mishandling the economy and failing to address inflation, which has decreased to 2.9% but remains above the bank’s 2% target. Powell stated that the Fed was cautious about further rate cuts due to economic uncertainties. … Continue reading Trump attacks Fed after no change in interest rates

Europe’s economy stagnated at the end of 2024, with the eurozone’s GDP showing no growth in the fourth quarter, after a 0.4% increase in the third. Germany, Europe’s largest economy, contracted by 0.2% in the final quarter and for the entire year, marking a second consecutive year of shrinking output. The slowdown was driven by concerns over potential trade disruptions under President Trump’s administration, inflation, … Continue reading Europe’s economy showed zero growth at end of 2024

U.S. consumer confidence fell for the second month in a row in January, dropping to 104.1 from 109.5 in December, below economists’ expectations. The decline reflected a weaker outlook on current economic conditions and the labor market. Despite this, consumer spending remained strong, with retail sales rising 0.4% in December. The proportion of consumers expecting a recession stayed low, but there are signs of rising … Continue reading US consumer confidence dips again to start the year

Boeing faced a tough year in 2024, losing nearly $1 billion per month and a total of $11.8 billion, its worst result since the 2020 pandemic. Issues included safety and quality control problems, a damaging strike, and challenges in both its commercial and defense divisions. A door panel failure on a 737 Max and ongoing concerns about past crashes added to its troubles. The company … Continue reading Boeing loses almost $1bn every month in 2024

The Federal Reserve is set to announce its latest interest rate decision, with investors expecting it to hold rates steady, despite President Trump’s call for a reduction. This would pause a series of rate cuts that began in late 2024. While inflation has slowed, it remains above the Fed’s target. Trump has urged the Fed to lower rates, citing the potential for falling oil prices, … Continue reading Fed expected to hold interest rates steady, defying pressure from Trump

JetBlue Airways’ stock dropped on Tuesday after the airline’s financial outlook disappointed investors. The airline forecast a cost increase of up to 10% this quarter, excluding fuel, and estimated revenue could be up to 3.5% higher or as much as 0.5% lower compared to the same period last year. This came as larger competitors Delta and United projected higher revenue growth, CNBC has reported. JetBlue … Continue reading JetBlue shares tumble roughly 20% after disappointing outlook

General Motors exceeded Wall Street expectations for Q4, reporting strong results and forecasting continued success in 2025, despite challenges like slowing industry sales, a restructuring in China, and regulatory uncertainties. Shares fell about 7% following the results, as analysts expressed concerns about the auto industry’s future under the Trump administration. GM’s 2025 guidance includes a projected net income of $11.2 billion to $12.5 billion and … Continue reading GM beats Wall Street estimates, forecasts another year of strong earnings in 2025

Stocks remained mostly flat on Tuesday as investors tried to recover from a recent sell-off triggered by concerns over the Chinese AI startup DeepSeek. The Dow Jones was slightly higher, while the S&P 500 dipped and the Nasdaq fell 0.2%. Nvidia saw a 1% drop following its massive 17% loss on Monday. Investors are focusing on corporate earnings, with companies like Starbucks, Meta, Microsoft, Tesla, … Continue reading Stocks are little changed as Nvidia struggles to recover from AI rou

Target is ending its diversity, equity, and inclusion (DEI) programs, including its Racial Equity Action and Change (REACH) initiatives, following pressure from an executive order issued by President Donald Trump. This move makes Target the latest company to pull back on policies aimed at increasing racial and ethnic representation in the workplace. The decision has sparked backlash on social media, with critics arguing it harms … Continue reading Target becomes latest US firm to end DEI initiatives

Moody’s upgraded Argentina’s long-term foreign and local currency debt rating from Ca to Caa3, with a positive outlook. While praising the government’s efforts at macroeconomic stabilization, Moody’s warned of significant risks to the country’s ability to meet external debt payments. Argentina’s new rating remains low, indicating high credit risk. Despite challenges, President Javier Milei’s reforms have helped improve fiscal, monetary, and economic conditions. However, external … Continue reading Moody’s upgrades its outlook on Argentina to ‘positive’

Egg prices are rising nationwide due to an ongoing bird flu outbreak, with Long Island residents now paying up to $7.24 per dozen. The virus has led to the euthanization of millions of birds, causing supply shortages and pushing prices up by 36.8% over the past year. In New York, prices increased by 52 cents just last week. Experts say the coming weeks will determine … Continue reading Egg prices soar as bird flu outbreak worsens

Elon Musk’s Department of Government Efficiency (DOGE) is targeting the U.S. penny for cost-cutting as part of efforts to trim federal spending. Musk highlighted that it costs over 3 cents to mint each penny, which is worth just 1 cent, resulting in a $179 million cost to taxpayers in 2023. While debates over the penny’s cost have persisted for years, the issue has become more … Continue reading Elon Musk’s DOGE has a new target for cutting federal spending: the U.S. penny

CNN’s CEO Mark Thompson plans to announce mass layoffs Thursday, focusing on hundreds of job cuts as the network pivots to prioritize a global digital audience. The layoffs, aimed at reducing production costs and consolidating teams, will come alongside changes to CNN’s linear TV lineup and an expansion of digital subscriptions. Some shows may move from New York or Washington to Atlanta to lower costs. … Continue reading CNN plans to lay off hundreds of employees, cut costs

House Republicans are forming a new committee to investigate the January 6, 2021 Capitol attack, focusing on events leading up to and after the assault. Led by Rep. Barry Loudermilk (R-Ga.), the subcommittee under House Judiciary aims to uncover new information and challenge the narratives surrounding the attack. Republicans hope to work with soon-to-be-confirmed allies in the Justice Department and FBI to further their investigation. … Continue reading Netflix raises prices for all US plans