Current:Home > FinanceThe Daily Money: Sriracha fans say the heat is gone -TradeGrid
The Daily Money: Sriracha fans say the heat is gone
View
Date:2025-04-16 00:25:17
Good morning! It's Daniel de Visé with your Daily Money.
We're filling in for Betty Lin-Fisher today and will 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! (94528)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- 'We have to get this photo!': Nebraska funnel cloud creates epic wedding picture backdrop
- Author of best-selling 'Sweet Valley High' book series, Francine Pascal, dies at 92
- Detroit man convicted in mass shooting that followed argument over vehicle blocking driveway
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Nasdaq, S&P 500 ride chip-stock wave before Fed verdict; Microsoft slips
- Christina Hall Reacts to Possibility of Replacing Ex Josh Hall With Ant Anstead on The Flip Off
- Maya Rudolph sets 'SNL' return as Kamala Harris for 2024 election
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Utility chief in north Florida sentenced to 4 years in prison for privatization scheme
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Olympic track & field begins with 20km race walk. Why event is difficult?
- Judge hears NFL’s motion in ‘Sunday Ticket’ case, says jury did not follow instructions on damages
- When does 'Emily in Paris' Season 4 come out? Premiere date, cast, trailer
- Former longtime South Carolina congressman John Spratt dies at 82
- BBC Journalist’s Daughter Killed in Crossbow Attack Texted for Help in Last Moments
- I love being a mom. But JD Vance is horribly wrong about 'childless cat ladies.'
- American doubles specialists Ram, Krajicek shock Spanish superstars Nadal, Alcaraz
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Olympian Mary Lou Retton's Daughter Skyla Welcomes First Baby
Angelina Jolie and Brad Pitt's Daughter Vivienne Lands New Musical Job
Map shows 13 states with listeria cases linked to Boar's Head recall
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Argentina star Ángel Di María says family received pig's head, threat to daughter's life
West Virginia school ordered to remain open after effort to close it due to toxic groundwater fears
Houston Police trying to contact victims after 4,017 sexual assault cases were shelved, chief says