Current:Home > reviewsRekubit Exchange:The Daily Money: Sriracha fans say the heat is gone -WealthFlow Academy
Rekubit Exchange:The Daily Money: Sriracha fans say the heat is gone
Robert Brown View
Date:2025-04-09 11:43:22
Good morning! It's Daniel de Visé with your Daily Money.
We're filling in for Betty Lin-Fisher today and Rekubit 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! (34138)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Death and redemption in an American prison
- Jaromir Jagr’s return to Pittsburgh ends with Penguins' jersey retirement — and catharsis
- Rick Pitino rips St. John's 'unathletic' players after loss to Seton Hall
- Former Danish minister for Greenland discusses Trump's push to acquire island
- How a Northwest tribe is escaping a rising ocean
- Celebrate Presidents Day by learning fun, interesting facts about US presidents
- Harry Styles Debuts Winning Haircut During Rare Public Appearance at Soccer Game
- Former Syrian official arrested in California who oversaw prison charged with torture
- Trump $354 million fraud verdict includes New York business ban for 3 years. Here's what to know.
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- 'Oppenheimer' wins 7 prizes, including best picture, at British Academy Film Awards
- The first Black 'Peanuts' character finally gets his origin story in animated special
- The first Black 'Peanuts' character finally gets his origin story in animated special
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- How a Northwest tribe is escaping a rising ocean
- Horoscopes Today, February 17, 2024
- Mega Millions winning numbers for Friday night's $457 million jackpot
Recommendation
South Korean president's party divided over defiant martial law speech
Tech giants pledge crackdown on 2024 election AI deepfakes. Will they keep their promise?
Kingsley Ben-Adir on why he's choosing to not use Patois language after filming Bob Marley
Louisiana’s crime-focused special legislative session begins
Highlights from Trump’s interview with Time magazine
Mega Millions winning numbers for Friday night's $457 million jackpot
A high cost of living and lack of a pension strain teachers in Alaska. Would bonuses help keep them?
'Oppenheimer' wins 7 prizes, including best picture, at British Academy Film Awards