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Business, Economy

“Domino’s Pizza forecasts soaring food costs in 2022, reiterates long-term sales outlook”

January 11, 2022

“Domino’s Pizza said it expects higher food prices to persist this year, putting pressure on the chain to cope with rising costs without alienating consumers. “We expect unprecedented increases in our food basket costs versus 2021,” CEO Ritch Allison told attendees… Continue Reading…

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Economy

“20% of Americans couldn’t pay their energy bill in the last year. How to keep costs down”

December 23, 2021

“…In the last year, about 20% of Americans struggled to pay their energy bill in full at least once, according to a study by Help Advisor. At the same time, 18% kept their house at a temperature that was either… Continue Reading…

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Business

“Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion”

October 29, 2021

“Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell under 3% in extended trading. “We had a very strong performance… Continue Reading…

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Economy

“Solar prices jumped in the second quarter, reversing recent trends, on material costs and supply chain issues”

September 14, 2021

“… Supply chain bottlenecks and rising raw materials costs are hitting the solar industry. Prices rose quarter over quarter and year over year during the second quarter across residential, commercial and utility-scale solar for the first time since Wood Mackenzie… Continue Reading…

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Economy

“Chip shortage expected to cost auto industry $110 billion in revenue in 2021”

May 14, 2021

“The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the New York-based… Continue Reading…

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Economy

“US grocery costs jump the most in 46 years, led by rising prices for meat and eggs”

May 12, 2020

“Prices Americans paid for eggs, meat, cereal and milk shot higher in April as people flocked to grocery stores to stock up on food… The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April,… Continue Reading…

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Economy

“Internet shutdowns cost the global economy $8 billion last year, report says”

January 9, 2020

“More than 18,000 hours of internet shutdowns around the world caused by deliberate government action costmore than $8 billion in 2019, a new report estimates… The report, which examines partial and total shutdowns across 122 countries, was published by the internet… Continue Reading…

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Economy

Sales Up: “No Line to Board Private Jets, but There Is a Line to Buy Them”

January 1, 2020

“Mr. Papariella’s clients often look to buy used jets, some decades old, that still perform at a high level but cost less up front, he said. A Gulfstream G4 from 2002 might cost $3 million — far better than $60… Continue Reading…

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Investing, Personal Finance

“The Cost Advantage of Holding Precious Metal Coins in Your IRA”

October 31, 2019

“Many investors who have accumulated decent growth in their retirement savings–whether IRA, 401(k)… But many near-retirees often forget to take into account one critical caveat: not all of the money in their IRA or 401(k) is entirely theirs to keep. The… Continue Reading…

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Business, Stocks

“Delta Stock Slumps After Airline Reports Higher Costs”

October 2, 2019

“Delta Air Lines stock is tumbling on Wednesday after the airline raised cost estimates in its third-quarter update… …On Wednesday, Delta provided an update on its third quarter. The company said it now expects earnings per share between $2.20 and $2.30,… Continue Reading…

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