Business

Fast-food chain makes starchy comeback menu item permanent

Potato cakes are back at Arby’s for good, the restaurant chain confirmed on X Thursday morning.Arby’s, owned by Atlanta-headquartered Inspire Brands LLC, reintroduced potato cakes last July after removing them from menus in 2021 in favor of crinkle fries.”After the overwhelming excitement from our fans following the brief return of…

Subway to bring back discounted footlong sandwiches

Subway is looking to appeal to value-seeking consumers by reintroducing its $6.99 footlong sandwich deal.  The sandwich chain said Thursday that the deal is making a comeback in the U.S. for a limited time beginning Friday. The offers customers “any footlong sub on Subway’s menu” for the price of $6.99 at…

Mortgage rates fall to lowest level in over 2 months

Mortgage rates fell for a sixth consecutive week to the lowest level in more than two months, mortgage buyer Freddie Mac said on Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage decreased to 6.76% from last week’s…

McDonald’s CEO gives three predictions for restaurant biz in 2025

McDonald’s CEO Chris Kempczinski on Wednesday offered three predictions for trends that the quick-service restaurant industry will see this year. The top three trends that Kempczinski forecasted to emerge in the sector this year focused on food and technology. He detailed them in a video he posted on Instagram. “I think…

US pending home sales fall to record low in January

Contracts to buy previously owned homes fell to a record low in January as prospective buyers were constrained by higher mortgage rates and house prices. The National Association of Realtors (NAR) said on Thursday that its Pending Home Sales Index, which is based on signed contracts, declined by 4.6% last…

US economy grew 2.3% in fourth quarter

The U.S. economy grew at a rate of 2.3% in the fourth quarter, in line with the prior reading and economists’ expectations. The Commerce Department’s Bureau of Economic Analysis (BEA) released its first revision of the estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew…

Amazon rolling out AI-driven Alexa+ service

Amazon revealed Wednesday it will be rolling out an Alexa+ service infused with artificial intelligence (AI). The e-commerce giant unveiled the technology at a highly anticipated event Wednesday, and Amazon described Alexa+ as “much more conversational, smarter, personalized and capable of getting even more things done for customers.” The launch of…

Eggs are not the only expensive food: beef prices are also on the rise

It’s not just eggs getting expensive. Beef prices have also been on the rise, with executives at various companies noting in recent earnings calls that it’s creating significant challenges. In January, prices for beef and veal rose 5.5%, outpacing the entire food-at-home category, which rose 1.9%, according to the Labor…

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