Current:Home > NewsIndexbit Exchange:The Daily Money: Sriracha fans say the heat is gone -ProsperityStream Academy
Indexbit Exchange:The Daily Money: Sriracha fans say the heat is gone
PredictIQ View
Date:2025-04-07 13:02:17
Good morning! It's Daniel de Visé with your Daily Money.
We're filling in for Betty Lin-Fisher today and Indexbit Exchangewill 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.
Here's one big chain that recently announced a move toward surge pricing.
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.
veryGood! (2737)
Related
- North Carolina justices rule for restaurants in COVID
- Generation Alpha is here, how will they affect the world? | The Excerpt
- Beach Boys' Brian Wilson to be placed in conservatorship, judge rules
- How Chris Olsen Got Ringworm Down There and on His Face
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Officer fatally shoots armed suspect in domestic disturbance that injured man, police say
- Rapper NBA YoungBoy is held on $100K bail in Utah prescription fraud case
- Virginia school board votes to restore names of Confederate leaders to 2 schools
- Questlove charts 50 years of SNL musical hits (and misses)
- U.S. announces new rule to empower asylum officials to reject more migrants earlier in process
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- Virginia budget leaders reach compromise with governor on state spending plan
- Most of 15 million bees contained after bee-laden truck crashes
- Iowa sex trafficking victim who killed alleged abuser sought by authorities
- Highlights from Trump’s interview with Time magazine
- 'Beloved' Burbank teacher killed by 25-year-old son during altercation, police say
- Ringo Starr talks hanging with McCartney, why he's making a country album and new tour
- Jimmy Johnson, Hall of Fame cornerback who starred for 49ers, dies at 86
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Two hikers found dead on Mount Whitney, the tallest mountain in the 'lower 48'
Cat-sized and hornless, this newly discovered deer genus roamed the Dakotas 32 million years ago
US consumer sentiment drops to 6-month low on inflation, unemployment fears
New data highlights 'achievement gap' for students in the US
How long does Deion Sanders want to remain coach at Colorado? He shared a number.
Police dismantle pro-Palestinian encampment at MIT, move to clear Philadelphia and Arizona protests
WNBA to expand to Toronto, per report. Team would begin play in 2026.