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Ron DeSantis' campaign is announcing the completion of a longtime campaign pledge Saturday: touring all of Iowa's 99 counties, a milestone for a campaign that has devoted significant resources to the first-in-the-nation contest. On paper, DeSantis has made significant strides in running a traditionally successful Iowa campaign, racking up influential endorsements and dedicating significant time, personnel and financial resources to the state. And while the DeSantis campaign, with significant super PAC help, has stayed focused on Iowa, it remains unclear just what the traditional Iowa playbook counts for in this unusual modern campaign against Trump. "Winning an Iowa caucus requires a strong combination of outworking and out-organizing the competition and that's been the Ron DeSantis model. Inside the sprint to the caucusesStill, the DeSantis playbook in Iowa hardly stops at the "Full Grassley."
Persons: Ron DeSantis, Scott Olson, Sen, Chuck Grassley, Donald Trump, Nikki Haley, DeSantis, haven't, Biden, Sparks, Newsom, Trump, Former Pennsylvania Sen, Rick Santorum, Texas Sen, Ted Cruz, Mike Huckabee, Santorum, Michele Bachmann, Ryan Binkley, Red Oak, Iowa Sen, Joni Ernst, , Grassley, Andrew Romeo, that's, Kim Reynolds, Bob Vander Plaats, Reynolds, Vander, Iowans, Haley, Joe Biden, She's, Olivia Perez, David Hansen, Hansen, Tim Scott Organizations: Florida, Machine, Getty, Florida Gov, United Nations, Iowa, NBC, White, Trump, Presidential, Former Pennsylvania, Republican, NBC News, Des Moines Register, Prosperity, Waterloo Locations: Davenport , Iowa, Newton , Iowa, Florida, Arizona, Iowa, Former, Texas, Iowa's, Wright, Des Moines, Red, New Hampshire, Iowa , New Hampshire, South Carolina, Ron DeSantis ' Iowa, Midwest, Plainfield
Newsom and DeSantis Come Out Swinging in Debate on ‘Hannity’Governors Gavin Newsom (D., Calif.) and Ron DeSantis (R., Fla.) went head to head in a debate on Fox News Channel. WSJ’s Molly Ball breaks down the key takeaways. Photo: Noam Galai/Getty Images for Clinton Global Initiative; Scott Olson/Getty Images
Persons: Newsom, ‘ Hannity, Gavin Newsom, Ron DeSantis, Molly Ball, Noam Galai, Scott Olson Organizations: Fox News, Clinton Global Initiative Locations: Calif, Fla
Governors Gavin Newsom (D., Calif.) and Ron DeSantis (R., Fla.) went head to head on topics ranging from Covid-19 to President Biden’s leadership in a debate televised by Fox News and moderated by Sean Hannity. Photo: Noam Galai/Getty Images for Clinton Global Initiative; Scott Olson/Getty ImagesALPHARETTA, Ga.—Unless something unexpected happens in the next few months, the 2024 presidential campaign is likely to feature two aging, retread candidates of whom Americans are thoroughly tired. Ron DeSantis, a Republican, and California Gov. Gavin Newsom , a Democrat, faced off in a no-holds-barred roughly 100-minute debate, moderated by Fox News’s Sean Hannity and airing live on the cable network. Wall Street Journal parent News Corp and Fox parent Fox Corp. share common ownership.
Persons: Gavin Newsom, Ron DeSantis, Biden’s, Sean Hannity, Noam Galai, Scott Olson, Fox News’s Sean Hannity Organizations: Fox News, Clinton Global Initiative, Florida Gov, Republican, California Gov, Democrat, Wall Street, News Corp, Fox, Fox Corp Locations: Calif, Fla
Ron DeSantis and Gavin Newsom Set to Debate on ‘Hannity’
  + stars: | 2023-11-30 | by ( Molly Ball | ) www.wsj.com   time to read: 1 min
Gavin Newsom and Florida Gov. Ron DeSantis plan to play up the perceived irony of each other’s political brands in the debate. Ron DeSantis, a Republican, and California Gov. Gavin Newsom , a Democrat, will meet for a 90-minute debate at 9 p.m. Wall Street Journal parent News Corp and Fox parent Fox Corp. share common ownership.
Persons: Gavin Newsom, Ron DeSantis, Noam Galai, Scott Olson, Fox News’s Sean Hannity Organizations: Florida Gov, Clinton Global Initiative, Republican, California Gov, Democrat, Wall Street, News Corp, Fox, Fox Corp Locations: California, Florida
A $16 McDonald's meal highlights how many Americans feel about the economy and food prices. AdvertisementA McDonald's meal from a viral TikTok has become the poster child for a key issue leading up to the 2024 presidential election . But food prices have been rising since 2020, which is one of the reasons why Americans feel sour about the economy , despite data suggesting it's in a strong position. AdvertisementA vibecession is influencing Americans' sentimentsOverall, McDonald's prices are up about 10% this year, and they plan to raise them another 10% next year. AdvertisementWith prices at restaurants like McDonald's likely to keep rising, that day-to-day pain point is likely not going away before the 2024 election.
Persons: , McDonald's, Donald Trump, Biden, Big, Joe Raedle, Scott Olson Organizations: Service, The New York Times, Sienna College, Trump, Biden, Consumer, US Bureau of Labor Statistics, Big Mac Locations: Idaho, Arizona, Georgia, Michigan, Nevada, Pennsylvania, Wisconsin
Ron DeSantis, who is behind in Iowa, has received major endorsements in the state. Ron DeSantis has bet his political future on Iowa. The positive news came on the heels of Iowa Gov. ("Ron DeSantis and Nikki Haley have partisans. No recent nominee has failed to win Iowa, New Hampshire, South Carolina, or Nevada.
Persons: Ron DeSantis, Kim Reynolds, Bob Vander Plaats, , Donald Trump's, DeSantis, Reynolds, Grassley, Trump, Nikki Haley, Donald Trump, Scott Olson, trashing Reynolds, Grant Wood, Ben Jacobs, Texas Sen, Ted Cruz, Pennsylvania Sen, Rick Santorum, Mike Huckabee, Sen, Bernie Sanders, Barack Obama, Ron Brownstein, Cruz, Santorum, Huckabee, what's, Ricky Bobby, it's Organizations: Florida Gov, Iowa Gov, Trump, GOP, Service, Republican, CBS, Iowa State University, Iowa GOP, DeSantis, Getty, rockstar, Arkansas Gov, Iowa Republicans, Iowa, Hawkeye State Locations: Florida, Iowa, VFW, Texas, Pennsylvania, North Dakota, New Hampshire, South Carolina, Nevada, Hawkeye
Retailers Have Cleaned Up Their Inventories for the Holidays
  + stars: | 2023-11-27 | by ( Liz Young | ) www.wsj.com   time to read: 1 min
Many retailers have spent much of the year working through the stockpiles from last year and now say they have cleaned up their distribution centers and their balance sheets. Photo: Scott Olson/Getty ImagesRetailers are heading into their most crucial sales period of the year with a very different inventory strategy than they undertook in 2022. Warehouses are no longer stuffed with merchandise and store shelves aren’t spilling over with discounted goods in hopes of luring wary consumers into last-minute sales. Instead, merchants from big-box retailers like Walmart and Target to more specialized sellers like Best Buy and Dick’s Sporting Goods have pared back their inventories while trying to focus their supply chains more tightly on products that shoppers want.
Persons: Scott Olson Organizations: Getty, Walmart, Target, Dick’s Sporting Goods
"A land value tax would fix that" has become a popular, and sometimes comedic, Twitter response to a range of policy conundrums among urbanists and YIMBYs. It would incentivize landowners to maximize the revenue from their property — building an apartment building instead of, for example, a parking lot. And because rich individuals and corporations own most land in cities and towns, land taxes would disproportionately fall on the wealthiest. Pure Georgists advocate for abolishing all taxes besides land value taxes. Instead, they want to see more regressive levies — like sales taxes — or those that penalize investment — like property taxes — reduced.
Persons: , Henry George, George, Stephen Hoskins, BZ5X3Lh7mU — Daryl Fairweather ⛅, Mike Duggan, Gregor Schwerhoff, Shane Phillips, Scott Olson, Phillips, Hoskins Organizations: Service, urbanists, Resource Justice, Lawmakers, Detroit, International Monetary Fund, Lewis Center for Regional Policy Locations: America, Pennsylvania, Pittsburgh , Harrisburg, Allentown, Detroit, Minnesota, Hamtramck , Michigan, American
GOP presidential candidate Ron DeSantis has collected important endorsements in Iowa, but he remains low in the polls ahead of the state’s January caucuses. Photo: Scott Olson/Getty ImagesTough new polling in Iowa and New Hampshire. A rising Nikki Haley. And an ever dominant Donald Trump. Ron DeSantis’s campaign is heading in the wrong direction, and time is running out.
Persons: Ron DeSantis, Scott Olson, Nikki Haley, Donald Trump, Ron DeSantis’s Locations: Iowa, New Hampshire
Chaos at OpenAI ensues
  + stars: | 2023-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In today's big story, we're looking at the continued fallout from the shocking Sam Altman ouster at OpenAI. Altman is alive and well, but his run as CEO of OpenAI ended abruptly on Friday. But in the days since his firing, he's escaped a messy weekend looking like the ultimate hero, Business Insider's Katie Notopoulos writes. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don't seem to know why either. Meanwhile, Salesforce's Marc Benioff is already actively recruiting OpenAI employees on X.
Persons: , Sam Altman, Altman, OpenAI, he's, Katie Notopoulos, Altman isn't, Ilya Sutskever —, Sutskever, Kali Hays, Satya Nadella, Emmett Shear, Satya Nadella Stephen Brashear, Julie Bort, Microsoft's Nadella, Nadella, that's, Madeline Renbarger, That's, It's, Kali, Ashley Stewart, Salesforce's Marc Benioff, Scott Olson, Bridgewater's, Greg Jensen, Jim Chanos, Elon, New York Jefferson Siegel, Nvidia's, Jensen Huang, execs, Elon Musk, Linda Yaccarino, Arantza Pena Popo, Camila Téllez, Melkorka, Téllez, Carly Rae Jepsen, Björk, Colleen Ballinger, Clinton, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Microsoft, Getty, BlackRock, Reuters, Nvidia, Elon, HP, Nordstrom, Clinton Lee Locations: OpenAI, Silicon Valley, Bridgewater, New York, Texas, Millennials, New York City, San Diego, London
Walmart Keeps Winning, but Has High Bar to Clear
  + stars: | 2023-11-16 | by ( Jinjoo Lee | ) www.wsj.com   time to read: 1 min
Walmart said it is on pace to increase operating income by a higher percentage than revenue for the full year. Photo: Scott Olson/Getty ImagesConsumers are feeling squeezed and are gravitating to places that sell necessities at a good price. In other words, it’s an environment made for Walmart . There are four corners of retail that are working well right now: Online, off-mall, convenience and value, as Citi Research analyst Paul Lejuez put it in a recent report. Walmart is thriving in each of these.
Persons: Scott Olson, Paul Lejuez Organizations: Walmart, Getty, Citi Research
Who Qualified for the Third GOP Debate?
  + stars: | 2023-11-07 | by ( Kaia Hubbard | Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
Republican candidates are prepping for the third GOP presidential debate, as the field narrows with just two months to go before the first nominating contest. After raucous debates in Wisconsin and California, the candidates are set to return to the debate stage for a two-hour event at 8 p.m. The smaller field, paired with recent shakeup among the top challengers to Trump, is expected to produce new dynamics on stage. With that pledge, which has been somewhat controversial among the candidates, GOP presidential hopefuls must sign a statement that they will support the eventual Republican nominee. While the other candidates try to break ahead in the polls, former President Donald Trump – who opted not to participate in the first and second debate – is also expected to skip the upcoming confrontation.
Persons: Mike Pence, Donald Trump –, Donald Trump, Julie Bennett, Ron DeSantis, Rebecca S, Gratz, Nikki Haley, Alex Brandon, Vivek Ramaswamy, Michael M, Chris Christie, Tim Scott, Charles Krupa, Doug Burgum, Scott Olson, Asa Hutchinson, Ryan Binkley Organizations: Trump, Republican National Committee, Republican, Donald Trump Former, The Washington, Getty, United Nations, New Jersey, Asa Hutchinson Former Arkansas, Ryan Binkley Business Locations: Wisconsin, California, Miami, Iowa , New Hampshire , Nevada, South Carolina, Ron DeSantis Florida, Carolina, New, Dakota
A new wave of weight loss drugs could lead to indirect effects for all kinds of companies. Ozempic is a brand name for semaglutide, a diabetes drug that also has weight loss effects. Walmart, for example, which sells Ozempic and other GLP-1 drugs, found that customers buying those medications spent less on food year over year but more on lifestyle and fitness. Additionally, employee productivity could increase as Americans see the long-term benefits of weight loss and stay in the workforce longer. AdvertisementAdvertisementFor example, Walmart, which sells GLP-1 drugs like Ozempic, found that customers buying those medications spent less on food year over year but more on lifestyle and fitness.
Persons: It's, , it's, Nik Modi, Modi, Josh Barro, Barro, Morgan Stanley, Scott Olson, they're, Houlihan Lawrence, James van Geelen, van Geelen Organizations: Service, Walmart, RBC Capital Markets, Jefferies, United Airlines, Citrinitas
AdvertisementAdvertisementBill, a part-time Uber driver , began driving for extra income after he retired six years ago. As a result, he's driving less and accepting fewer rides than he used to. Bill said that the standard, non-surge pay rate calculated by Uber in his area is $0.61 per mile. But there are more drivers now: Uber reported that its number of drivers hit a record-high five million in 2022. To avoid one-way rides, Bill asks customers when he picks them up whether their destination is in the area.
Persons: Bill, Uber, He'll, , he's, He's, I'm, Jacob Zinkula, Scott Olson, they're, Sergio Avedian, Guy Organizations: Service Locations: North Carolina
Why Trump Is Right About Tariffs
  + stars: | 2023-10-27 | by ( Oren Cass | ) www.wsj.com   time to read: +1 min
President Donald Trump at a Whirlpool manufacturing facility in Ohio, Aug. 2020. Photo: Scott Olson/Getty ImagesEconomists have reacted poorly to Donald Trump’s recent proposal for a 10% tariff on all imports. After all, tax revenue is necessary to provide public services, and tariffs have long proved an effective way to collect it. In 1789, the first law in the first Congress—advocated by Alexander Hamilton, introduced by James Madison and signed by George Washington on the Fourth of July—established a tariff not unlike Trump’s. For much of the nation’s history, while growing from colonial backwater to continent-spanning industrial colossus, the U.S. imposed some of the world’s highest tariffs, which were the primary means of funding the federal government.
Persons: Donald Trump, Scott Olson, Donald Trump’s, Adam Posen, Michael Strain, , Alexander Hamilton, James Madison, George Washington Organizations: Getty, Peterson Institute for International Economics, American Enterprise Institute Locations: Ohio, U.S
Wadea was stabbed 26 times at his home by his family’s landlord on Saturday, the Will County Sheriff’s Office said. Wadea Al-Fayoume's father speaks at a vigil service at the Prairie Activity & Recreation Center in Plainfield, Illinois, on Tuesday. The boy’s family lived in the house for two years without “previous notable issues” with Czuba, the Council on American-Islamic Relations said. In his final moments, Wadea offered words of comfort to his mother, the man who called himself something of a grandfather said Monday. He is in a better place.”The boy’s mother could not attend his funeral services Monday as she remained in the hospital, Rehab said.
Persons: Oday Al, , Wadea, Hanaan Shahin, Juhie Faheem, Jim Vondruska, Cynthia Glass, Wadea’s, Dexter, , Imam Hassan Aly, ” Aly, Biden, Dilawar Syed, ” Syed, Fayoume, Scott Olson, Joseph M, Czuba, Czuba “, Shahin, “ Shahin, , ’ Shahin, Hanan, Wadea Al, Rehab Organizations: CNN, Department of Justice, West Bank, Islamic, , Mental Health, Recreation Center, US Small Business Administration, Aqsa Community Center, Community, Czuba, Islamic Relations, Reuters Locations: Plainfield , Illinois, Will, United States, ’ Chicago, Gaza, America, Al, Shahin, Jerusalem
New York CNN —Navigating the grocery aisle is overwhelming, especially when trying to make sense of food labels. Shoppers who want to know where their food comes from, or how long it will last, have to work even harder. Government agencies have strict guidelines for food safety and nutrition labels on packaged foods. But other information like sell-by dates or animal welfare labels are less regulated — and some are effectively meaningless. Here’s how to know what you’re looking at when you’re reading food labels.
Persons: Scott Olson, , , “ FSIS, Dena Jones, Jones Organizations: New, New York CNN, Nutrition, Shoppers, Government, USDA, ” Companies, Safety, USDA’s Agricultural Research Service, Animal Welfare Institute, Global Animal Partnership Locations: New York, Chicago
That works out to 20,000 children displaced every single day due to extreme weather fueled by climate change. “Until now, children displaced by weather-related events have been statistically invisible,” the organization said in a statement. In 2020, Cyclone Amphan led to 1.5 million child displacements across India, Bangladesh, Myanmar and Bhutan. In 2021, Typhoon Rai caused 1.5 million child displacements across the Philippines, Palau and Vietnam. Scott Olson/Getty ImagesA different picture emerges when looking at the number of children displaced relative to the size of each country’s population.
Persons: , Catherine Russell, Cyclone Amphan, Rai, Shakeel Ahmed, Hurricane Harvey, Scott Olson, Hurricane Maria, Eduardo Soteras, it’s, UNICEF’s Russell, ” Russell Organizations: CNN, UNICEF, , East, Cyclone, Anadolu Agency, Getty Locations: East Asia, India, Bangladesh, Myanmar, Bhutan, Philippines, Palau, Vietnam, China, Sindh province, Pakistan, Houston , Texas, Dominica, South Sudan, Somalia, Ethiopia, Afghanistan, El Gel, Kenya, AFP, Canada
All of Amtrak's new Acela trains produced so far have manufacturing defects. AdvertisementAdvertisementAmtrak's new Acela trains could be delayed yet again, according to a new government audit of the $2.1 billion project. Amtrak's Inspector General found manufacturing defects in all 12 of the trainsets and 22 café cars produced so far. Scott Olson/Getty ImagesAmtrak's new high-speed Acela trains, which will have nearly 25% more seats than their predecessor and operate at top speeds of 160 mph, were originally scheduled to launch service in Spring 2021. Amtrak says data provided by Alstom shows the trains are on track for initial revenue launch in 2024.
Persons: General's, , it's, Scott Olson, General, Laura Mason Organizations: Service, Alstom, Amtrak, Liberty, FRA Locations: Hornell , New York
The Powerball jackpot hit $1.2 billion on Oct. 3, 2023, the third-biggest prize in the game's history. Scott Olson | GettyThe Powerball jackpot has climbed to an estimated $1.2 billion — the third-largest prize in the game's history — without a winner Monday night. Among the winner's big decisions will be the choice between a lump sum payout worth $551.7 million or an annuitized prize of $1.2 billion. The lump sum payout is 'a mistake'"Virtually everybody who wins the lottery picks the lump sum distribution," said Andrew Stoltmann, a Chicago-based lawyer who has represented several lottery winners. While the lump sum payout could be a good financial move for some winners, he agreed that others may benefit from the spending guardrails of annuitized payments.
Persons: Scott Olson, Andrew Stoltmann, doesn't, Stoltmann, it's, John Loyd Locations: Chicago, Fort Worth , Texas
Live updates: Trump civil fraud trial in New York
  + stars: | 2023-10-02 | by ( Aditi Sangal | Leinz Vales | ) edition.cnn.com   time to read: +2 min
Scott Olson/Getty ImagesFormer President Donald Trump will be in attendance Monday in a New York courtroom for the start of the civil fraud trial against him, his eldest sons, their companies and Trump Organization executives. What's at stake at trial: Trump and his companies could be forced to pay hefty sums in damages for the profits they've allegedly garnered through their fraudulent business practices. The judge is expected to consider claims of business records fraud and insurance fraud alleged in the lawsuit in connection to high-profile properties, though he already determined some broad level of fraud was perpetuated. The six causes of action are falsifying business records, conspiracy to falsify business records, issuing false financial statements, conspiracy to falsify false financial statements, insurance fraud and conspiracy to commit insurance fraud. Read more about Trump's fraud trial.
Persons: Donald Trump, Scott Olson, Judge Arthur Engoron, Trump, Letitia James, What's, Engoron, James, Read Organizations: Getty, Trump Organization, New York, Trump Locations: Maquoketa , Iowa, New York
President Joe Biden is expected to visit a picket line Tuesday in the Great Lake State following a public invitation Friday from UAW President Shawn Fain. UAW members Niko Shinn (front) and Darius Collier (back) walk a picket line on Sept. 25, 2023 outside a Mopar facility owned by automaker Stellantis in Centerline. Fain has appeared with the independent senator from Vermont in Washington, D.C., and during a recent UAW rally in Detroit. Trump led Biden 46% to 43% among union members in an August survey, after Biden led Trump 51 % to 42% in June, according to Bernie Porn, president of EPIC·MRA. "With union members, he has been so supportive of just about everything that union members want.
Persons: Rebecca Cook, Joe Biden, Shawn Fain, Donald Trump, Leah Millis, Trump, Darius Collier, Collier, Stellantis, They've, Biden, Fain, Mark Burton, Gretchen Whitmer, Niko Shinn, Michael Wayland, Whitmer, Debbie Dingell, Sen, Bernie Sanders, Sanders, Fain's, who's, Bernie Porn, Trump's, Jamie Roe, Scott Olson Organizations: GM, United Auto Workers, Louisville Kentucky, Reuters DETROIT, General Motors, Ford Motor, Air Force, Joint Base Andrews, Reuters Biden, Biden, Trump, White, UAW, Michigan Gov, Democrat, Stellantis, CNBC Michigan, U.S . Rep, Washington , D.C, Detroit automakers, GOP, Trump's, Drake Enterprises, Republican, Plant, Getty Locations: Louisville, Detroit , Michigan, Michigan, Great Lake State, Clinton Township , Michigan, U.S, Joint Base Andrews , Maryland, . Michigan, Vermont, Washington ,, Detroit, Macomb County , Michigan, United States, Ford's Wayne, Wayne , Michigan
Who Qualified for the Second GOP Debate?
  + stars: | 2023-09-25 | by ( Kaia Hubbard | Sept. | At P.M. | ) www.usnews.com   time to read: +2 min
Republican candidates are gearing up for the second GOP presidential debate, as they look to chip away at former President Donald Trump’s comfortable lead with less than four months before the first nominating contest. After a raucous first debate in Milwaukie last month, the candidates are set to return to the debate stage for a two-hour event at 9 p.m. To qualify for the second debate, a candidate must poll at least 3% in two national polls or 3% in one national poll and one poll from an early state poll in Iowa, New Hampshire, Nevada or South Carolina, according to rules set by the Republican National Committee. In addition to the polling and fundraising requirements, the candidates must also have taken a loyalty pledge in order to participate in the debate, which all eight candidates who participated in the first debate completed. With that pledge, which has been somewhat controversial among the candidates, GOP presidential hopefuls must sign a statement that they will support the eventual Republican nominee.
Persons: Donald Trump’s, Trump, Donald Trump, Julie Bennett, Ron DeSantis, Rebecca S, Gratz, Tim Scott, Charles Krupa, Nikki Haley, Alex Brandon, Vivek Ramaswamy, Michael M, Chris Christie, Doug Burgum, Scott Olson, Mike Pence, Jacquelyn Martin, Asa Hutchinson, Larry Elder, Perry Johnson, SERGIO FLORES, Ryan Binkley, Will Hurd, Steve Laffey Organizations: Republican National Committee, Republican, Trump –, Donald Trump Former, The Washington, Getty, United Nations, New Jersey, Asa Hutchinson Former Arkansas, Larry Elder Conservative, AFP, Ryan Binkley Business, Cranston Locations: Milwaukie, Simi Valley , California, Iowa , New Hampshire , Nevada, South Carolina, Ron DeSantis Florida, Carolina, New, Dakota, Texas, Rhode Island
Loan approval: Why has it gotten so much harder?
  + stars: | 2023-09-22 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +8 min
Magnusson said that while she used USAA for a personal loan in the past, this time, the process felt very different. Lately, it may take more than just a good credit score for many people to get approved for a loan. Deutsche Bank recently told investors that bank lending conditions look “consistent with recession levels,” even though the US is not currently in a recession. Magnusson said she was “in tears” after spending hours on the phone with USAA to secure the loan over multiple days. McBride said that although loan application rejections are up and standards are tougher, getting a loan is still possible for those with good credit.
Persons: Cheryl Magnusson, Magnusson, , USAA, , Greg McBride, , ” McBride, Nathan Howard, McBride, William Brown, Brown, we’ve, ” Brown, “ I’ve, I’ve, Darlene Johnson, ” Johnson, Scott Olson Organizations: CNN, Federal Reserve Bank of New, Consumer, Deutsche Bank, Eccles Federal Reserve, Bloomberg, Getty, Silicon Valley Bank, Signature Bank, Navy, Suncoast Credit Union, Suncoast, Mortgage Bankers Association, Federal Reserve Locations: Arizona, Washington , DC, Silicon, Florida, Hawthorn Woods , Illinois
New York CNN —Even the unlimited breadsticks at Olive Garden and wooden rocking chairs at Cracker Barrel can’t seem to lure back the baby boomers. Now, some older customers are still staying away, exacerbating a foot traffic problem faced by restaurant chains. Darden Restaurants (DRI), which owns Olive Garden, Longhorn Steakhouse, Cheddar’s Scratch Kitchen and others, noted during an analyst call Thursday that it, too, is seeing declining visits from older customers. The largest of Darden’s franchises by far, Olive Garden is about “more and more and more,” as Cardenas said Thursday. For Cracker Barrel, which has also been trying to attract younger consumers but has traditionally appealed to an older clientele, the pullback from older customers is a bigger deal.
Persons: It’s, , , Sandra Cochran, ” Cochran, Burger, Scott Olson, Raj Vennam, Vennam, Ricardo Cardenas, Darden, ’ ” Cardenas, we’ve, Cardenas, Organizations: New, New York CNN, Darden, Olive Garden, Longhorn Locations: New York, Olive, Orlando , Florida, Lebanon , Tennessee
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