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A double cheeseburger for $2? Why fast-food chains are going even lower with prices.

admin by admin
July 10, 2024
in Business
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A double cheeseburger for $2? Why fast-food chains are going even lower with prices.
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Sonic and Subway have recently launched menu options in the $2 to $3 range.



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kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 699 Like on Twitter 1861858357440651714 3370 Twitter 1861858357440651714
kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

BREAKING: Canada is considering retaliatory tariffs on items from the US after Donald Trump announced he would impose a 25% tariff.

Trump said the tariffs on Canada and Mexico will be due to open borders, drugs, and illegal aliens.

Reply on Twitter 1861879706305319025 Retweet on Twitter 1861879706305319025 62 Like on Twitter 1861879706305319025 404 Twitter 1861879706305319025
kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

The Fed's worst nightmare is officially here:

Today's data confirms ALL 3 inflation metrics are back on the rise.

For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.

Did the Fed spark a new wave of inflation?

(a thread)

Reply on Twitter 1861858357440651714 Retweet on Twitter 1861858357440651714 699 Like on Twitter 1861858357440651714 3370 Twitter 1861858357440651714
kobeissiletter The Kobeissi Letter @kobeissiletter ·
27 Nov

BREAKING: Net long positioning in S&P 500 futures by institutional investors is now at ~240,000 contracts, the most on record.

Bullish positions by asset managers, leveraged funds, and other investors have QUADRUPLED in just 18 months.

The number of held contracts is TWICE as…

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