Current:Home > StocksCharles H. Sloan-The Daily Money: Sriracha fans say the heat is gone -TradeWisdom
Charles H. Sloan-The Daily Money: Sriracha fans say the heat is gone
Oliver James Montgomery View
Date:2025-04-10 08:16:30
Good morning! It's Daniel de Visé with your Daily Money.
We're filling in for Betty Lin-Fisher today and Charles H. Sloanwill highlight some fine consumer content from the past few days.
Last year, fans of Sriracha hot sauce endured a historic Sriracha famine, evidently the result of a diminished harvest of red jalapeño peppers from Mexico. Now, the shortage is over. . . but fans say the sauce no longer packs the same heat, Jessica Guynn reports.
Is the sauce really different? Is the heat really gone?
Trump stock hits turbulence
Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 as Trump fans and opportunistic traders bought up shares. But the price faded late in the session and has bounced along at lower levels ever since, ending Thursday down $4.26 at $61.96, my colleagues report.
Its market valuation, just over $8 billion, is still stunning for a social media fledgling with an unproven business model that has struggled to attract users and advertisers, burned through cash, and wracked up losses.
Yesterday, in this space, we asked if it was already too late to cash in on the new stock. Now, we'll flip the question: Did investors pay too much?
📰 More stories you shouldn't miss 📰
Here are some great consumer stories from recent days:
- Is Costco roping off its food court?
- A $20 minimum wage triggers job cuts in California
- Home Depot moves to attract more pro customers
- Dollar Tree raises top prices to $7
- 10 worst airports for flight cancellations
📰 A great read 📰
And here's a recent story that resonated with readers: A greatest hit, if you will. Read it again. Read it for the first time. Share it with friends.
Surge pricing – or dynamic or variable pricing, as it’s typically called in the business world – is fast becoming the norm, even in fast food. Restaurant chains are taking advantage of technological advances to tap into real-time trends and swiftly adjust prices, sometimes in seconds.
Here's one big chain that recently announced a move toward surge pricing.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (3965)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Breanna Stewart, New York Liberty even WNBA Finals 1-1 after downing Minnesota Lynx
- Colorado can't pull off another miracle after losing Travis Hunter, other stars to injury
- Urban Outfitters Apologizes for High Prices and Lowers Costs on 100 Styles
- Nevada attorney general revives 2020 fake electors case
- Kyle Larson wins, Alex Bowman disqualified following NASCAR playoff race on the Roval
- Travis Hunter injury update: Colorado star left K-State game with apparent shoulder injury
- Wisconsin officials require burning permits in 13 counties as dry conditions continue
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Texas still No. 1, Ohio State tumbles after Oregon loss in US LBM Coaches Poll after Week 7
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- Man with loaded gun arrested at checkpoint near Donald Trump’s weekend rally in Southern California
- Legislative majorities giving one party all the power are in play in several states
- Wisconsin officials require burning permits in 13 counties as dry conditions continue
- Senate begins final push to expand Social Security benefits for millions of people
- Week 6 fantasy football rankings: PPR, half-PPR and standard leagues
- Wisconsin officials require burning permits in 13 counties as dry conditions continue
- Travis Hunter injury update: Colorado star left K-State game with apparent shoulder injury
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Peso Pluma cancels Florida concerts post-Hurricane Milton, donates to hurricane relief
New Guidelines Center the Needs of People With Disabilities During Petrochemical Disasters
Why Sarah Turney Wanted Her Dad Charged With Murder After Sister Alissa Turney Disappeared
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Peso Pluma cancels Florida concerts post-Hurricane Milton, donates to hurricane relief
CFP bracket projection: Texas stays on top, Oregon moves up and LSU returns to playoff
The Bloody Reason Matthew McConaughey Had to Redo Appearance With Jimmy Fallon