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Analysts say fast-food prices feel particularly painful because they're rising faster than grocery prices. Fast-food prices have been shooting upRestaurant prices are determined by "two major categories" — food costs and labor costs, Citi analyst Jon Tower told BI. Related storiesFast-food chains put up their menu prices to reflect the higher food costs and payrolls. AdvertisementGrocery inflation is coolingFast food seems particularly expensive right now because grocery inflation is cooling much more rapidly, analysts BI spoke to said. AdvertisementBut the inverse is also true — grocery stores benefit much more than restaurants when food inflation cools.
Persons: , Jim Sanderson, Jon Tower, Sharon Zackfia, William Blair, Price, Danilo Gargiulo, Bernstein, Gargiulo, they've, Garguilo, Sara Senatore, Chad Frye Organizations: Analysts, Service, Northcoast Research, Citi, US Bureau of Labor Statistics, Bank of America Locations: Russia, Ukraine, California
For Uber and Lyft drivers, time is money, so widely accessible charging is key to the EV switch. A study by the US Department of Energy found that 1,000 fast chargers were needed for every 20,000 EV drivers on the road. A mad dash for EV licensesThe transition is getting an early test this year now that thousands more ride-hailing drivers have licenses. AdvertisementIn October, the Taxi & Limousine Commission opened applications for this gig work for the first time in five years — but for EV drivers only. In exchange, Uber drivers will get up to a 25% discount when they charge.
Persons: Manhattan, Tesla, Eric Adams, Bobby Familiar, Revel, Michael Replogle, David Do, Aeraj Qazi, Qazi, Guillermo Fondeur, Uber, he's, Fondeur, Adams, EVs, Con Edison, Flo, Replogle, it's, Josh Gold, Uber's, that's, Do, we've, Juliana Kaplan Organizations: EV, US Department of Energy, Business, NYC's Department of Transportation, Chargers, Taxi, Limousine Commission, TLC, New York Taxi Workers Alliance, Rentals, Department of Transportation, DOT, LaGuardia Airport, Tesla, Gravity, Green, Initiative Locations: New York City, Queens, NYC, Canadian, Canada, EVs, Manhattan, America
NYC restaurateur Keith McNally insulted Lauren Sánchez in an apparently unprompted Instagram post. And his latest target is Lauren Sánchez, the fiancée of one of the most powerful people in the world, Jeff Bezos. McNally, who owns more than a dozen restaurants including NYC's famed Balthazar, wrote a seemingly out-of-the-blue Instagram post attacking Sánchez and Bezos on Monday. Chrissy Teigen commented on McNally's post, writing, "She's actually incredibly dynamic, accomplished and kind, and everyone who knows her would say the same." If his edited-down post is any indication, McNally sure learned the hard way not to mess with Sánchez, or her famous friends.
Persons: Keith McNally, Lauren Sánchez, Jeff Bezos, He's, James Corden, Adele, Instagram, , who's, Sánchez, McNally, Balthazar, Bezos, — Lauren Sanchez —, Sanchez, MacKenzie Scott, Chrissy Teigen, She's, Jessica Seinfeld, Jerry Seinfeld, Lauren, Stephanie Ruhle, Rachel Zoe, Corden, Corden's, Megastar Adele Organizations: Service, MSNBC, Independent, Representatives, New York Times
Learn moreNearly every day that I carry Senreve's Maestra bag, I get stopped by someone on the sidewalk or the train. The easy transition also comes in handy for the days when you just want to switch up your look between shoulder bag, top-handle bag, and backpack. SenreveAll three sizes of the bag, the Maestra (from $945), Midi Maestra (from $845), and Mini Maestra (from $745) have the same capacity to transition from bag to backpack. A few years back, if you had ever told me that I'd be singing the praises of an $945 bag, I'd think you were nuts. So let me say this: the Maestra bag is a luxury, but it's one that you will get tons of use out of.
Persons: I'm, Sally Kaplan, it's, I'd, who's Organizations: Business
NYC's rat czar is waging war on the city's vermin. AdvertisementIf New York City wants to kick its rats to the curb, it may need to change a time-honored tradition: feeding the pigeons. In a profile by New York Magazine, the city's so-called "rat czar," Kathleen Corradi, detailed how the city has been fighting its rat problem. Leftover crumbs end up becoming impromptu meals for nearby rats, Corradi told New York Magazine. "We're a big part of the problem when it comes to sustaining rat populations in the city," Corradi told the magazine.
Persons: , Kathleen Corradi, Corradi, Michael Parsons, Corradi's, Parsons Organizations: New York Magazine, Service Locations: York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is a disconnect between NYC's elected officials & people they serve: Fmr. Aide to Andrew CuomoHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Andrew Cuomo, Brian Sullivan, Organizations: Fmr, CNBC
Read previewZachary Timms, a project engineer in Houston, has rules around how he does happy hour with coworkers. Late-afternoon spending may have slipped in New York, per Square data, but post-work socializing seems to be going strong later in the evening for office workers. Seasoned employees warning younger colleagues about bringing out their "weekend personality" at work happy hour haven't always deterred the newest class. One TikToker shared her excitement for 5:01 p.m. this summer and the start of happy hour with colleagues. Advertisement"Just a quick reminder that you were actually more drunk and annoying at that work happy hour than you remember," TikToker Jack Lawler advised.
Persons: , Zachary Timms, Timms, Zachary Timms He's, Shadé Smith, I've, Ara, Kharazian, TikToker, TikToker Jack Lawler, Brown, Gen Zers Organizations: Service, Business Locations: Houston, New York, NYC's, Irish
Dubbed NYC's dessert doyenne, the chef has developed her own set of red flags to look out for whenever she visits high-end bakeries. And if the croissants look perfectly machine-made, something might not be right in the kitchen. Beware of bread that's wrappedMick said high-end bakeries should only be selling fresh bread. ciobanu ana maria/Getty ImagesBefore she even steps into a bakery, Mick might turn to Instagram for visuals. So, for example, a bakery that's filling cannoli and leaving them in the case until they're purchased raises some concerns.
Persons: , Camari Mick, Mick, Liang Lim, that's, they'll, maria, she's, it's, they're Organizations: Service, Business, telltale Locations: New York City, Raf's
I booked a first-class ticket on an Amtrak Acela traveling from New York City to Baltimore in 2022. For $273, I got free meal service and access to the Metropolitan Lounge at NYC's Penn Station. While I enjoyed the experience, I didn't think traveling in first class was worth the cost. AdvertisementWhen traveling from NYC to Baltimore in 2022, I rode in first class on an Amtrak Acela train. Two weeks before my trip, I booked a standard Amtrak Acela ticket for $121 and spent an extra $152 to upgrade to first class.
Persons: Organizations: Amtrak, Metropolitan, Penn, Service, Business Locations: New York City, Baltimore, NYC, Coast
Poor irrigation practices, such as insufficient water application, using saline water, and not maintaining adequate drainage can also lead to salty soils. Irrigation can drive salinization, especially if farmers are watering their crops with salty water. In this case, that means watering crops with salt water in their lab. Globally, over 3,700 acres — just over four times the size of NYC's Central Park — of farmland grow SaliCrop seeds. Red Sea Farms, for example, is a Saudi Arabian company that uses selective breeding to grow crops that can be irrigated with salt water.
Persons: Ṛcā, SaliCrop, Guy Shery, Carmit Oron, Godbole, Sharon Devir, Devir, Karl Weatherly, they're, Andy Sacks Organizations: Service, Business, Getty, UN Locations: Israel, Spain, Oron, India, Europe, Africa, Kansas, Saudi Arabian, Sweden
People are aghast at a video of an NYC studio apartment with an open shower in the kitchen. The small apartment in downtown Manhattan had been on the market for two months at $3,495 a month. AdvertisementNew York City rents are no joke, but people are finding the monthly fees of a small Manhattan apartment with an open shower in the kitchen laughable. The camera pans over the shower, located steps from the door and the refrigerator of the open kitchen. In 2023, BI's Hana R. Alberts reported on a bidding war by prospective renters over a studio apartment without a bathroom listed for $2,350 a month because of its location in Manhattan's Greenwich Village.
Persons: isn't, , Elizabeth, it's, Alexander Spatari, wasn't, BI's Hana, Alberts, David Brand Organizations: Service Locations: NYC, Manhattan, York City, Soho, NYC's, Nolita, Midwest, Little Italy, NYC New York, York, Greenwich, it's
I visited the Chase Sapphire Lounge at LaGuardia Airport, which offers meals, drinks, and a spa. The lounge is free for $550-per-year Chase Sapphire Reserve cardholders. But travelers without the card can enter for free once a year with a Priority Pass membership. AdvertisementI recently went to LaGuardia Airport's Terminal B and stepped into a 21,850-square-foot space that felt like a luxury hotel lobby. It was the new Chase Sapphire Lounge , which opened in NYC's LGA and John F. Kennedy International Airports in January.
Persons: , Chase, John F Organizations: LaGuardia Airport, Chase, Service, LaGuardia Airport's, John, Kennedy International Airports, Business Locations: LaGuardia, NYC's LGA, Boston, Hong Kong
Arizona is refusing to extradite a suspect wanted in a murder case in New York City. But the murder rate in Phoenix is actually higher than in New York, according to police data. "Having observed the treatment of violent criminals in the New York area by the Manhattan DA there, Alvin Bragg," Mitchell said. In his response to Mitchell, Bragg's office, however, noted that the murder rate is actually higher in Phoenix than in New York. AdvertisementStill, whether Mitchell's concerns about extraditing the suspect to New York are justified, they will likely strike a chord with Bragg's critics.
Persons: Manhattan DA Alvin Bragg, , Rachel Mitchell, Raad Almansoori, Joe Kenny, He's, Denisse, Mitchell, Alvin Bragg, Bragg, Kathy Hochul Organizations: Manhattan DA, Service, Arizona police, NYPD, Democratic New York Gov, NBC Locations: Arizona, New York City, Maricopa County, Manhattan, Phoenix, New York, Scottsdale , Arizona, United States, York, Pheonix , Arizona
I visited an airport lounge for the first time and was surprised by its luxury offerings. The Chase Sapphire Lounge at LaGuardia Airport opened last month, and I got an exclusive tour. Once inside the two-story lounge, I didn't even feel like I was in an airport anymore. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But going to the airport doesn't have to be this way, as I learned last month when I visited an airport lounge for the first time — the Chase Sapphire Lounge at NYC's LaGuardia Airport (LGA).
Persons: Chase, , John F, Banks, cardholders Organizations: LaGuardia Airport, Service, LaGuardia, John, Kennedy International Airport Locations: Boston , Hong Kong, NYC
Vornado Realty Trust is contemplating turning a prime New York City plot into a giant billboard. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew York City-based developer Vornado Realty Trust is considering using a plot of land near Madison Square Garden and the Empire State Building to house a 150-foot tall billboard, among other options. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Realty, Service, Vornado Realty, Garden, Empire, Business Locations: New York, Hotel Pennsylvania, York City, Madison
Airbnb told CNBC that business practices such as Agyeman's aren't permitted. Airbnb told CNBC it had no business relationship with Agyeman and had taken action to curtail his operations. Carr and other HFA investors told CNBC their frustrations were dismissed or met with legal threats. To get around Airbnb's rules, HFA instructed its investors to list their own homes, a former employee and two investors told CNBC. Airbnb told CNBC that it was rolling out a more robust verification process in the U.S. and elsewhere beginning as early as 2024.
Persons: Elham Ataeiazar Daryn Carr, Carr, Anthony Agyeman, Agyeman, HFA, they've, Agyeman haven't, Airbnb, Brian Chesky, Brendan McDermid, Reuters Carr, Thomas Hunker, Hunker, Wessel Botes, Megan Shears, Shears, It's, Kathy, she'd, copywriters, couldn't, who'd, Collin Ballard, Collin Ballard Ballard, Ballard, lister, HFA's, Agyeman's Wealthway, Wealthway, David Levine, he's, Levine, Levine didn't Organizations: Federal Trade Commission, Department of Justice, Justice Department, FTC, CNBC, Inc, New York Stock Exchange, Reuters, Agyeman, Investors, Google, HFA, MGM, Dallas, North Locations: hustles, Covid, New York City, New York, Airbnb, HFA, Texas, Instagram, Fort Myers, Sanibel, Las Vegas, Dallas, U.S, Agyeman, Florida, North America, Botes
I recently visited the new Chase Sapphire Lounge at LaGuardia Airport in NYC. The lounge is complimentary for some Chase Sapphire Reserve cardholders. That's the reality at the Chase Sapphire Lounge, an exclusive airport club in Boston, Hong Kong, and, most recently, New York City. AdvertisementThe Chase Sapphire Lounge is free and unlimited for $550-per-year Chase Sapphire Reserve credit cardholders, who can bring up to two more travelers for free, according to the company's website. The cardholder must also activate their Priority Pass airport lounge membership — complimentary through Chase Sapphire Reserve — to access the space.
Persons: Chase, , John F, cardholders, Ioannis Tzielekis Organizations: LaGuardia, Chase, Service, Kennedy International Airport, Chase Sapphire, LaGuardia Airport's Locations: NYC, Boston , Hong Kong, New York City, JFK, LaGuardia
Lena Frechen, 27, moved to NYC from Cologne, Germany, in March 2022. Frechen now works seven days a week with only 10 days of PTO, but she has no regrets about moving. "'Oh my God, let's see what you think about New York,'" Frechen, 27, recalled him saying. NYC work culture isn't for everyone, but it is for 'entrepreneurs,' she saysFrechen only realized she'd adapted to her new work-life balance on her first birthday in NYC. Courtesy of Lena FrechenAccording to Frechen, NYC is perfect for entrepreneurs, which she didn't know she wanted to be until she moved.
Persons: Lena Frechen, Frechen, , might've, wasn't, it's, Lena Frechen It's, I'm, we're, she's, Black Organizations: Service Locations: Cologne, Germany, New York, Manhattan, NYC, Frechen, Brooklyn, York
He swam the "20 Bridges" challenge: a 28.5-mile loop that starts and ends at Battery Park in NYC. Horne took his first strokes with the Statue of Liberty in sight. A state of emergency was declared while he swamFor hours, Horne dodged plastic, tissues, and leaves — the usual assortment expected in Big Apple waterways with a huge rainfall. He was forced to call it quits during a "20 Bridges" try in July when lightning lit up the river beneath him — and it happened at the 19th bridge. With the English Channel under his belt and one aborted attempt at "20 Bridges," Horne set his sights in August on California's Catalina channel.
Persons: Ed Horne, , Ophelia, Horne, Nathaniel Johnston, Thomas Crystall, Louise Darlington, Johnston, " Horne, Horne's, Darlington, Eric Durban, He's, George Washington Bridge Organizations: Triple Crown, Service, New, English Channel, Guinness World, Big Apple, New York City, Channel, California's, Catalina Locations: NYC, Manhattan, of, Brooklyn, Darlington, Big, British, Wissant, France
Authorities in New York recently announced the largest-ever seizure of counterfeit goods in the US. The 219,000 counterfeit items seized included 219,000 bags, clothes, shoes, and other luxury products. AdvertisementFederal authorities in New York City just made the largest-ever seizure of counterfeit goods — worth an estimated $1.03 billion. Boxes full of counterfeit goods were seized from the storage facility. AdvertisementPhotos released by authorities show boxes upon boxes full of counterfeit goods, as well as units with floor to ceiling shelves absolutely overflowing with counterfeit luxury handbags, shoes, wallets, clothing, sunglasses, and more.
Persons: , it's Organizations: Service, Southern, of, Attorney's, Southern District of New York Authorities, Southern District of, US Department of Homeland Security, Chamber of Commerce, Frontier Locations: New York, Manhattan, New York City, of New York, Southern District, NYC's Chinatown, Southern District of New York
In today's big story, a Business Insider reporter gives her unique perspective on navigating life as a startup founder's wife. The big storyA founder's other backerJosh Cochran for InsiderThe startup world is not for the faint of heart. Melia's account of her relationship with Kyle and his startup is equal parts entertaining, heartwrenching, and informative. AdvertisementJosh Cochran for InsiderAs if being a founder spouse wasn't difficult enough, Melia has the bonus of covering the space as a reporter. And while that's true of any relationship, it's especially pertinent in the volatile startup ecosystem.
Persons: , Josh Cochran, it's, Insider's Melia Russell, Kyle, Melia, takeaways Melia, Lennihan, Alexander Spatari, Pete Weir, Weir, — it's, HENRY, Steve Irwin, Satya Nadella, Bolton Clarke, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brandon Bell, Getty, Associated Press, Apple, Google, US, York City, Discovery Education, Australia, Microsoft, Cisco Locations: Brandon, York, New York City, San Diego, London, New York
A New Yorker rented out their spare bedroom on Airbnb for years, bringing in up to $4,000 a month. Under NYC's new short-term-rental rules, they didn't qualify for a license but are still renting. But the ban is a slap in the face to people like me. I got a notification this summer in the Airbnb profile that I had to apply for a license by September 5. I still have it listed on Airbnb for month-long stays, but short-term stays are how you make money.
Persons: , it's, I've, Airbnb, I'm, That's Organizations: Yorker, Service, New, New York City, Craigslist Locations: New York, New York City, California
New York City's new rat-killing method has wiped out rats on a strip in the Upper East Side. The method involves pumping carbon monoxide into rat burrows, ultimately suffocating the rodents inside. Still, it will likely take a lot more than that to take out New York City's rats for good. Munshi-South said similar methods have been used in the past, including with dry ice in parks in lower Manhattan that had hundreds of rat burrows. The carbon monoxide method can also only be used in a well-ventilated, outdoor area to avoid poisoning the person applying it or other people, Munshi-South said.
Persons: , Matt Deodato, Jason Munshi, Deodato, Munshi, they're Organizations: Service, Urban Pest Management, Fordham University Locations: York, York City, New York, Manhattan, New York City
The iconic Flatiron Building will be converted from empty offices into luxury residences. The iconic Flatiron Building will be converted from empty offices into luxury residences, the owners announced this week. The Brodsky Organization, a residential real estate developer, bought a stake in the Flatiron building this month and will lead the conversion process, which will include moving the staircases and elevators. The Flatiron Building's redevelopment will be one of New York's most high-profile commercial-to-residential building conversion projects, something that's become a central part of the city's efforts to build more housing. The area — between 23rd and 40th streets and Fifth and Eighth Avenues — is just north of the Flatiron building.
Persons: , It's, Jeff Gural, Brodsky, Louise Penny, Mark Levine, that's, Eric Adams, Dan Garodnick, Biden Organizations: Service, Macmillan Publishers, Broadway, New York Times, Brodsky Organization, New, New York State, Eighth, New York City's Department of City Planning Locations: Manhattan, New York, hasn't
A luxury Portuguese tinned fish store just opened in the middle of Times Square in NYC. Tinned fish has gone viral on social media over the last year, in part because of affordability. Tinned fish has been having a viral moment this past year. Tinned fish is an important and engrained part of other food cultures outside of the US, like in Portugal and Spain. The Fantastic World of the Portuguese Sardine is already an established brand across Portugal, but the Times Square store is its first international location.
Persons: Organizations: Times, Service, NYC's Locations: Olive, Portugal, Spain
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