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Fast food has become increasingly expensive — and some consumers are changing their spending habits because of it. Fast-food chains such as Chick-Fil-A and Taco Bell are included in the limited-service meals and snacks category in the consumer price index report, which shows prices are up nearly 28% from 2019 to 2023. The full-service meals and snacks category, which covers sit-down restaurants with servers, meanwhile, has increased about 24% and overall CPI was up by about 19% in the same time period. "There were increased commodity costs. "But what continues to be ahead of historical averages is the increase in labor costs that restaurants are seeing."
Persons: Taco Bell, We've, Stephens, Jim Salera, McDonald's Organizations: Yum Brands, KFC, Taco Bell Locations: California
How fast food got so expensive
  + stars: | 2024-05-04 | by ( Ryan Baker | Natalie Rice | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow fast food got so expensiveSticker shock is making customers think twice about their favorite fast-food chains. McDonald's and Yum Brands, which owns KFC, Taco Bell and Pizza Hut, missed analyst estimates in their 2024 first-quarter earnings. The limited-service restaurant category saw prices rise more than 46% over the course of the past decade, according to the U.S. Bureau of Labor Statistics. Experts say that increasing labor costs are the primary driver.
Organizations: Yum Brands, KFC, Taco Bell, U.S . Bureau of Labor Statistics
The Protesters and the President
  + stars: | 2024-05-03 | by ( Michael Barbaro | Jonathan Wolfe | Peter Baker | ) www.nytimes.com   time to read: 1 min
Warning: this episode contains strong language. Over the past week, students at dozens of universities held demonstrations, set up encampments and, at times, seized academic buildings. In response, administrators at many of those colleges decided to crack down and called in the local police to detain and arrest demonstrators. As of Thursday, the police had arrested 2,000 people across more than 40 campuses, a situation so startling that President Biden could no longer ignore it. Jonathan Wolfe, who has been covering the student protests for The Times, and Peter Baker, the chief White House correspondent, discuss the history-making week.
Persons: Biden, Jonathan Wolfe, Peter Baker Organizations: The Times, White House
A Ukrainian unit is using century-old US guns to target Russian drones and planes. One unit is using cheaper M2 Brownings, which were developed in 1918, the last year of World War I. AdvertisementUkrainians are putting machine guns first designed in the US at the end of World War I on the back of pickup trucks to try to shoot down Russian drones and spy planes. Soldiers in Ukraine's 117th Territorial Defense Brigade are using guns, including the M2 Browning, to try to take down Russia's Shahed drones, the Kyiv Independent reported. The M2 was used by American forces in World War II, and is still used by some today, but it was initially developed in 1918, the last year of World War I.
Persons: Organizations: Service, Ukraine's 117th Territorial Defense Brigade, Kyiv Independent, Business Locations: Ukraine, Ukraine's, Kyiv
Oil steadies, heads for weekly drop on U.S. economy worries
  + stars: | 2024-05-03 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supply disruptions caused by the Israel-Hamas war. Brent headed for a 6.3% weekly decline, while and WTI moved towards a loss of 5.6% on the week. The market is now looking towards U.S. economic data and indicators of future crude supply from the world's top producer. Higher rates typically weigh on the economy and that can reduce oil demand. Also on Friday, energy services firm Baker Hughes is due to release its weekly count of oil and gas rigs, an indicator of future crude output.
Persons: Brent, WTI, Baker Hughes Organizations: Brent, . West Texas, Organization of, Petroleum, U.S . Bureau of Labor Statistics, Federal Reserve Locations: Israel, U.S, Russia
Read previewAn American veteran who fought in Ukraine said the US military spent so long focused on fighting insurgents that it forgot "what it means to actually fight a war." Libkos/Getty Images"We've gotten so used to the idea of just fighting guerilla wars and fucking fighting terrorists and everything else that we kind of forgot what it means to actually fight a war," he said. Some Ukrainian soldiers trained abroad said the training they received was not suited to the kind of fighting needed for this war. Ukraine is fighting in conditions very different from what the US and its NATO allies have fought through in recent decades. He said that fighting to clear Russian trenches made him feel like he was "fighting World War I."
Persons: , Libkos, it's, I've, haven't Organizations: Service, Business, NATO, Russia, Army, REUTERS, State Emergency Service, US, US Army Locations: Ukraine, Iraq, Afghanistan, Kharkiv, Bakhmut, Europe, Russia, China, Ukrainian, Ukraine's Kharkiv, readying, Avdiivka, Ukraine's Donetsk
Peaceful protest is. Vandalism, trespassing, breaking windows, shutting down campuses, forcing the cancellation of classes and graduations — none of this is a peaceful protest. Threatening people, intimidating people, instilling fear in people is not peaceful protest. “Vandalism, trespassing, breaking windows, shutting down campuses, forcing the cancellation of classes and graduations — none of this is a peaceful protest. Peaceful protest is.”In calming some in his party, though, Mr. Biden took heat from others on the political left.
Persons: Biden, It’s, President Biden, ” Mr, , Nemat Shafik, , Tim Scott, Donald J, Mr, Trump, Crooked Joe Biden, Newscum, Gavin Newsom, Israel, George Floyd, could’ve, Matt Duss, Bernie Sanders, Jonathan Wolfe, Ernesto Londoño, Bob Chiarito, Mike Baker Organizations: Jewish, White, Republican, National Guard, , Police, University of California, Portland State University, University of Wisconsin, Fordham, Manhattan, University of Texas, Dartmouth College, Tulane University, New York Times, Brown University, Northwestern University, Columbia University, American Association of University, Hamilton, Republicans, Trump Locations: America, Palestinian, Gaza, , Los Angeles, Oregon, Madison, Dallas, New Hampshire, New Orleans, Rhode Island, Illinois, Israel, Washington, South Carolina, U.C.L.A, California, North Carolina, Charlotte, Wilmington, Vermont, St, Paul, Minn, Wis, Seattle
President Biden traveled on Thursday to North Carolina, a possible swing state in the fall election, to promote his efforts to replace toxic lead pipes as part of his administration’s program to expand and upgrade the nation’s network of roads, airports and other critical infrastructure. “Until the United States of America, God love us, deals with this, how can we say we’re a leading nation in the world?” he told a crowd of supporters at the Wilmington Convention Center. “For God’s sake, we’re better than this.”Mr. Biden has committed to replacing all lead pipes across the nation within a decade. Lead exposure can affect brain development in children, damage kidneys and interfere with the production of red blood cells that carry oxygen. The administration estimates that more than nine million homes, schools, day care centers and businesses still receive water through lead pipes, particularly in communities of marginalized people.
Persons: Biden, Mr Organizations: Wilmington Convention Locations: North Carolina, Wilmington, United States of America
Janelle LeesonBelow is a sampling of some of the core products and services the Reviews team tests. Reporters enlist their cats, dogs, and other pets to help test products, while pet health articles are medically reviewed by veterinarians and supported by expert interviews. Insider Reviews' health articles are medically reviewed by doctors and other health professionals, and supported by expert interviews. Molly Allen/InsiderThe Reviews team tests products the way people would use them in everyday life. In addition to our in-house and freelance testers, we also have an internal council of volunteers and freelancers who help us test products and offer additional perspectives.
Persons: Janelle Leeson, Antonio Villas, Sally Kaplan, Molly Allen, James Brains, Erin Brains, Amir Ismael Organizations: Business Insider's Service Journalism, Tech, Samsung, Boas, Health
A Russian zoo said it sent two peacocks to those fighting in Ukraine. AdvertisementA Russian zoo said it sent two peacocks to Ukraine with the aim of inspiring Russian troops fighting there — but then deleted its post after people mocked Russian President Vladimir Putin in the comments, according to reports. He added that an aviary was being built for the birds, according to Ukrainian outlet Pravda's reporting. The zoo later deleted its announcement post, according to The Daily Beast and Pravda. Putin has also put in place a law that effectively criminalizes any reference to the fighting in Ukraine being a "war" or "invasion."
Persons: Putin, , Vladimir Putin, It's Organizations: Service, Lipetsk Zoo, VK, Daily, Pravda Locations: Russian, Ukraine, Lipetsk, Russia, Ukrainian
“No president has spoken more forcefully about combating antisemitism than this president,” she said. Since then, Mr. Biden has left it to aides to speak for him, trying to balance the free speech rights of protesters with rejection of violence and antisemitic statements. “Americans have the right to peacefully protest as long as it’s within the law and it’s peaceful,” Ms. Jean-Pierre said. “Forcibly taking over a building is not peaceful. “I hope the president speaks as boldly and as forcefully as this moment requires,” Mr. Deutch told Julie Mason on her Sirius/XM radio show.
Persons: Jean, Pierre, Mr, Biden, , , Ms, Pierre said, Ted Deutch, Deutch, Julie Mason, Donald J, Trump, Adolf Hitler Organizations: Columbia University, American Jewish Committee, Mr, Sirius, XM, Republicans, Jewish Locations: Florida
As the new technology accelerates in skill and ubiquity, business leaders are racing to figure out what the relationship between workers and AI will look like in years to come. Business Insider's virtual event "Human-AI Collaboration: The Key to Workplace Efficiency and Innovation," presented by Dell Technologies, brought together a panel of experts to discuss the trials, triumphs, and future of AI. He discussed the major ways in which Dell is integrating AI into its processes, from increasing productivity for developers to automating content. "There are predictions that we could have two times, three times, even four times the employment demand for new job growth as a result of gen-AI and AI ethicists, AI translators, AI mediators, AI co-creative, AI legal, and compliance experts," Miscovich said. Working with AI from the ground floor can allow businesses to design the parameters that will guide AI's future presence in the workplace.
Persons: Matt Baker, Mozziyar Etemadi, Peter Miscovich, Tim Paradis, Baker, Miscovich, Etemadi Organizations: Service, Efficiency, Dell Technologies, Business, Dell, Northwestern Medicine, AIs
When students took over Hamilton Hall at Columbia University in April 1968, a young Joe Biden was studying law 250 miles away, just weeks from graduation. Protests and chanting and tie-dye shirts were not his style. “I was in law school,” he later recalled. Having traded up from sports coats in the Syracuse University law school library to suit coats in the Oval Office, however, Mr. Biden cannot simply shrug off the uproar on American college campuses as he once could. Mr. Biden has sought to walk a careful line in recent days as protests have mushroomed and in some cases led to suspensions and arrests.
Persons: Joe Biden, , , Biden, Lyndon B, Johnson, Mr, Joe ” Organizations: Hamilton Hall, Columbia University, Syracuse University, Israel, Jewish Locations: Gaza
Video transcript Back bars 0:00 / 0:44 - 0:00 transcript Columbia Protesters Occupy Building on Campus People inside barricaded the doors of Hamilton Hall with furniture. “Palestine will live forever.” “Go away, yo.” “Free, free Palestine.” “Free, free, free Palestine.” “Shut it down.” “Palestine will be free.” “Disclose, divest, we will not stop, we will not rest.” People inside barricaded the doors of Hamilton Hall with furniture. Credit Credit... Bing Guan for The New York TimesOutside the neoclassical building, protesters, many wearing helmets, safety glasses, gloves and masks, barricaded the entrance. Image Student protesters marching around the encampment on campus at Columbia University on Tuesday. So far, at least, a core of student protesters has vowed to stay put.
Persons: Columbia wasn’t, , , Bing Guan, Alexander Hamilton, Bob Day, Columbia’s, ” Ben Chang, Sueda, ” “ We’ve, Leanne Abraham, Bing Guan Elga Castro, Castro, Chris Eisgruber, Nemat, Anna Betts, Eryn Davis, Tracey Tully, Karla Marie Sanford, John Yoon, Mike Baker Organizations: Police, California State Polytechnic University, Humboldt, Portland State University, Hamilton Hall, Columbia, Columbia Protesters, People, Hall, , New York Times, Treasury, Boeing, Portland Police Bureau, Columbia University, ., New York Times Columbia, Police Department, Columbia University Faculty, Broadway Low Library Columbia University, West, St . Columbia University New York, Butler Library Amsterdam, 114th, 114th St . Columbia University New York, Barnard College, New York University, Princeton University, Clio Hall, Princeton, Rutgers University’s Locations: Hamilton, Columbia, California, Oregon, Manhattan, Palestine, , Portland, Gaza . Columbia, St, St . Columbia University New York City, Butler, 114th St, Spanish, Gaza, New Jersey, Brunswick
Elon Musk made a surprise visit to China, meeting officials and striking a deal with Baidu. The deal brings Tesla a step closer to introducing its self-driving features in cars sold in China. AdvertisementElon Musk's surprise visit to China appears to have paid off. Elon Musk was taken by minibus to his private jet at Beijing airport on Monday after a surprise visit to China. Musk's battle planMusk's China visit came amid tough times for Tesla.
Persons: Elon Musk, Tesla, , Elon Musk's, Narendra Modi, Musk, Li Qiang, Greg Baker, Dan Ives, Wall, Telsa, Musk's, he's Organizations: Baidu, Service, Tesla, Bloomberg, EVs, Getty, Bloomberg TV, Business Locations: China, Beijing, India, AFP
Ukraine is preparing ways to protect its F-16s while at base, its air force said. AdvertisementUkraine's air force said it is preparing for the arrival of F-16s by building underground stores and bunkers at its bases. The Associated Press has reported that Ukraine may use Western air bases when it gets F-16s because the jets require high-standard runways and protective hangars. But the air force's update suggests that Ukraine plans on keeping at least some F-16s in Ukraine during periods when they are not flying. Russian President Vladimir Putin warned last month that Western air bases that host F-16s for Ukraine would be "legitimate" targets for his armed forces.
Persons: , Ilya Yevlash, Yevlash, Vladimir Putin, Jake Epstein Organizations: Service, Air Force, Ukrainian Armed Forces, RBC, Russia, Military, Associated Press Locations: Ukraine, Russia
President Biden and his national security team see a narrow window to finally seal an agreement that would at least temporarily halt the war in Gaza and possibly end it for good even as they deflect pressure from college campus protests to abandon Israel in its fight against Hamas. Several factors converging at once have renewed the administration’s hopes that it can break through the stalemate in the next week or two. Mr. Biden’s team wants to capitalize on the successful defense of Israel from Iranian attack, rising public pressure in Israel to free the hostages and Saudi eagerness for a new diplomatic and security initiative. The president’s advisers are pressing for a cease-fire deal before Israel can begin its long-threatened assault on the southern Gaza city of Rafah, an operation with the potential for many civilian casualties that could thwart any short-term chances of peace. But administration officials have gone down this road before over the last several months, repeatedly expressing optimism only to see the chances for a deal collapse.
Persons: Biden, Biden’s, Antony J, Blinken Organizations: Hamas, Israel Locations: Gaza, Israel, Rafah, Saudi Arabia
Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.
Persons: , Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom
President Biden plans to speak with Prime Minister Benjamin Netanyahu of Israel on Sunday to discuss the prospects of a possible cease-fire deal to obtain the release of some of the remaining hostages held since the Hamas-led terrorist attack of Oct. 7, according to two officials with direct knowledge of the plan. Mr. Biden’s call with the prime minister is set to come just hours after Secretary of State Antony J. Blinken left Washington for his latest trip to the Middle East. Mr. Blinken will start in Saudi Arabia, where he will see Egyptian and Qatari officials who have served as intermediaries with Hamas in the cease-fire and hostage talks, which have stalled in recent weeks. The call also comes three weeks after Mr. Biden told Mr. Netanyahu that he would rethink his support for Israel’s war unless the country did more to facilitate the delivery of food and other supplies to Gaza and limit civilian casualties. Since then, humanitarian aid to Gaza has increased substantially, and Biden advisers credit Israel with responding to the president’s demands, though U.S. officials acknowledge that the aid is still not as much as is needed.
Persons: Biden, Benjamin Netanyahu, Antony J, Blinken, Netanyahu Organizations: Israel, State Department, Saudi, Economic Locations: Washington, Saudi Arabia, Israel, Gaza, U.S
Secretary of State Antony J. Blinken will visit Israel next week, an Israeli official said on Friday, as talks on a cease-fire deal have stalled and tensions have risen between Israel and the United States over the treatment of civilians in the war. The Israeli official, who spoke on the condition of anonymity because the official was not authorized to speak publicly on the matter, said talks with Mr. Blinken would center on the remaining hostages held in Gaza and an impending Israeli military operation in the southern Gaza city of Rafah. Mr. Blinken last visited Israel in March, when he warned that its plans to invade Rafah, where more than a million displaced Palestinians are sheltering, would pose severe risks to the population. Since then, the Biden administration has continued to raise concerns about the planned incursion, saying it should not be carried out without a credible plan to protect civilians. But Prime Minister Benjamin Netanyahu of Israel has vowed to press ahead with the invasion, saying it is necessary to eliminate Hamas battalions in the city.
Persons: Antony J, Blinken, Biden, Benjamin Netanyahu, Israel, Blinken’s Organizations: Israeli, United Locations: Israel, United States, Gaza, Rafah
President Biden just signed a bill that could ban President Biden from using TikTok. But Mr. Biden plans to keep using TikTok until Mr. Biden’s new law forces Mr. Biden off it. But it is not the only time that Campaign Joe and Foreign Policy Joe have been at odds in recent months. Campaign Joe tells stories on the trail that Foreign Policy Joe’s staff then has to clean up — or try to ignore as best as possible. Foreign Policy Joe has to worry about diplomacy.
Persons: Biden, Mr, Joe Locations: Wilmington, Del, Washington, America
Ukrainian strikes on Russian soil will increase, according to the head of the UK's armed forces. The US is reportedly unhappy with Ukraine's strikes on targets in Russia. AdvertisementUkraine will increase its long-range strikes inside Russian airspace, the UK's military chief said, as the war enters its next stage. Admiral Sir Tony Radakin, the head of the UK's armed forces, told the Financial Times that "as Ukraine gains more capabilities for the long-range fight . Ukraine's strikes on Russian soil have so far included attacks on oil facilities and military targets.
Persons: Tony Radakin, , Sir Tony Radakin, Radakin, Ukraine's Organizations: Service, Financial Times Locations: Russia, Ukraine, Europe
Taylor Swift and Karlie Kloss became inseparable after meeting at the 2013 Victoria's Secret Fashion Show. AdvertisementThe friendship of Taylor Swift and Karlie Kloss dates back to 2013, when the musician and the supermodel met backstage at the Victoria's Secret Fashion Show. AdvertisementApril 2014: Kloss and Swift are spotted together in New York CityTaylor Swift and Karlie Kloss often spent time together in New York City. November 23, 2014: Swift brings Kloss as her date to the American Music AwardsTaylor Swift and Karlie Kloss at the 2014 AMAs. July 11, 2015: Kloss appears at another of Swift's concerts in New JerseyTaylor Swift's friends went to her concert in New Jersey.
Persons: Taylor Swift, Karlie Kloss, Kloss, , Swift, didn't, Katy Perry, Scooter Braun, Karlie, Michael Kovac, Jamie McCarthy, Milk, Christina Tosi, Randy Brooke, we're BFFs, I'd, Raymond Hall, Kate Bosworth, Harry Josh, Charles James, Oscar de la, They're, Alo Ceballos, She's, Rolling, James Devaney, Ben Stiller, Quinlin, SoHo Taylor Swift, Jeff Kravitz, Dick Clark, Antonio de Moraes Barros Filho, WireImage Kloss, Lily Aldrige, Martha Hunt, taylor, it's, Taylor, Matty Healy, Marie Claire, Beyonce, Jay, Justin Timberlake, Sam Smith, Michael, r was, els, rais, hou, "I, ove, stor, ste, "(M, bro, K, Ma y, orr, "B, Perry, tim e, oe Jonas, maki, J ohn Shea, dow, deo, cele, Jo, hatta, lia, nce, e, hough, lor h, 2016:, Joh, Delilah, L orde, Conn, Loo, ned the photo,, y, as well, loss and Swift, Augu, rld, kee, mus, raun, cate, rau, hite, theo, abou, ody, ted in a, ike H, Derek Bl Organizations: Big, Service, Vogue, Twitter, Hollywood Life, Big Sur, daisies, Surrey, Costume, Metropolitan Museum of Art, Getty, Swift, Apple, New York Knicks, Garden, Chicago Bulls, Madison, American, New York City's, Yahoo, New, YouTube, the de, acc, Adv, ober, Wil, unc, ift, who's known Locations: Big Sur, Swift's New York, New York City, Big, Instagram, New York, Manhattan, brunching, SoHo, Madison, SoHo Taylor, June., ber
Finally, President Biden had good news to share with President Volodymyr Zelensky of Ukraine. For a grateful Mr. Zelensky, the timing was propitious. A Russian missile attack, he told Mr. Biden, had just destroyed the television tower in Kharkiv. The House passage of a landmark $95 billion foreign aid package gives Mr. Biden much-needed momentum at a time when his credibility and American leadership have been questioned on the world stage. “This was a historic win for President Biden and for America’s global leadership,” Senator Chris Van Hollen, Democrat of Maryland, said in an interview.
Persons: Biden, Volodymyr Zelensky, Zelensky, , Mr, Chris Van Hollen Organizations: Ukraine, Capitol Locations: Ukraine, Wilmington, Del, States, Russian, Kharkiv, Israel, Taiwan, Maryland
As the busiest week for first quarter earnings results kicks off, several stocks on the docket to report this week may be poised for big swings. As of last Friday, 74% of companies in the S & P 500 reported a positive earnings surprise while 58% beat revenue expectations, according to FactSet. This week is scheduled to be the busiest one of the season, with 29% of companies in the S & P 500 — or 146 companies — due to post results. With so many corporate results to be released this week, investors may want to pay special attention to some earnings more than others in advance. CNBC Pro screened for the stocks that could see significant post-earnings moves either up or down, based on investors' expectations in the options market.
Persons: AllianceBernstein, Mark Shmulik, Shmulik, Jamie Baker, Morgan Stanley, Benjamin Swinburne Organizations: Dow Jones, CNBC Pro, JetBlue, American Airlines, JPMorgan, Spotify Locations: Stockholm
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