Author: streetwiseir

The recent spike in fuel prices has affected driver supply for ride-sharing companies, Uber and Lyft.  CNBC reported, “In early July 2021, Uber and Lyft drivers were about 40% below capacity.” The companies are now investing millions of dollars to help fix the driver shortage.  Lyft announced on Tuesday that it would be testing an “earnings algorithm” that allows drivers to see the destination and pay details...

Recently, Dunkin’ Donuts made changes to its loyalty program which resulted in the process of collecting and redeeming rewards becoming more expensive. This change upset some customers and has prompted them to vow to visit the chain less and stop using the rewards program.  Restaurant Dive explained how the changes affect the points system. “The company doubled its points accrual rate from 5 points per dollar...

Starbucks Corp. is in hot water after eight employees filed a def-amation lawsuit against the company claiming their manager falsely accused them of assault and kidnapping.  The incident which ultimately led to the lawsuit, happened at a Starbucks location in Anderson, South Carolina.  Business Insider broke down the events that unfolded on Aug. 1 for us. The eight employees delivered a letter to the manager asking for...

We previously reported last week that the Education Department provided a glimpse at the student loan forgiveness application. The form was not yet live and the release date was unknown. Since then, the beta version of the website was opened to the public and student loan recipients were allowed access to complete and submit the form.  However, according the Yahoo Finance, the applications will not be...

The rise we saw in wholesale prices during the month of September was higher than expected, despite Federal Reserve efforts to control inflation. A report from the Bureau of Labor Statistics, published on Wednesday, proved this. Important information from CNBC to note is, “The producer price index increased 0.4% for the month, compared with the Dow Jones estimate for a 0.2% gain. On a 12-month basis,...

Chief Operating Officer of Beyond Meat, Doug Ramsey, is leaving the company following his arrest after biting a man’s nose. We previously reported that Ramsey was arrested last month after a brawl broke out following an Arkansas football game. A man’s vehicle made contact with the front tire of Ramsey’s car which ultimately led to the altercation. Both men got out of their vehicles and Ramsey...

Last Friday, Kroger announced their plans to buy Albertsons in a nearly $25 billion deal. This marks the merging of two of the largest supermarkets in America and now presents major competition for Walmart.  The deal, expected to close in 2024, would have a combined 710,000 employees, nearly 5,000 stores and rake in more than $200 billion in sales.  The merging of the two companies gives them...

As Floridians rebuild their lives after Hurricane Ian made landfall weeks ago, CoreLogic released its final damage estimates. This estimate ranges from $41 billion to $70 Billion. “It includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.”  CoreLogic provided this breakdown: Flood loss from NFIP and private insurance for residential and commercial properties...

Inflation has been the economy’s largest issue over the past year as the cost of living has shot sky-high. So high, in fact, that it is nearing the highest level in more than 40 years. Food prices soared over 10.9% in the last year. Extremely high costs have required people to budget more and really consider how they are going to spend their money. Here are a...

On Wednesday, Microsoft introduced three new surface computers: the Surface Laptop 5, the Surface Pro 9 convertible tablet and the Surface Studio 2+ all-in-one PC.  All three computers will be available in select markets as soon as Oct. 25 and in additional markets in the following months. The computers will operate with the Windows 11 system. According to CNBC, here are the main features of the new...