Ron DeSantis Uses Poop Pic in Gavin Newsom Debate on Fox News

Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices

Fast Food Chains Warn Consumers , That Worker Pay Increases Will Impact Prices. 'Newsweek' reports that franchises have warned an increase of the minimum wage for fast food workers in California could also force menu prices to climb. As of April 1, fast food restaurants in California will have to pay employees at least $20 an hour, an increase of four dollars from the current $16 an hour. . Business owners have warned that the new law, signed in by Democratic governor Gavin Newsom, will have an impact on margins and consumer costs. . At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". According to McDonald's numbers, the price of the signature Big Mac burger is currently $5.89 in California, the 10th highest in the United States. The latest data compiled by 'The Economist' shows that the average price of a Big Mac nationwide is currently $5.69, which is up from $5.36 at the same time in 2023. . Last year, McDonald's , reported net profits of , almost $8.5 billion. According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers. . In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers.

Credit Card Delinquencies Are on the Rise

Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. . In Q1 2024, delinquencies reached 8.9% at an annualized rate. America hasn't seen this high of a percentage of serious credit card delinquencies since 2012, Fox News reports. . In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups, Joelle Scally, regional economic principal within the Household and Public Policy Research Division at the New York Fed, via Fox Business. An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households, Joelle Scally, regional economic principal within the Household and Public Policy Research Division at the New York Fed, via Fox Business. Researchers aren't sure why delinquencies are so high since the unemployment rate is low, but they have a few theories. One of those theories is that consumers drained savings throughout the pandemic but continue to spend at high levels. Another theory is that some Americans switched to jobs with lower salaries. Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic. These are all kinds of complex issues. We don't exactly know what's behind the increase of these delinquency rates. But it's definitely something that we're tracking, New York Fed researchers, via Fox Business. The average annual percentage rate for credit cards hit a record of 20.72% recently.

US Military Looks to Recruit Tech Experts While Cutting Overall Troop Numbers

US Military Looks to , Recruit Tech Experts While , Cutting Overall Troop Numbers. United States special operations commanders have been tasked with cutting overall forces by 5,000 troops, while also adding more high-tech experts. . United States special operations commanders have been tasked with cutting overall forces by 5,000 troops, while also adding more high-tech experts. . United States special operations commanders have been tasked with cutting overall forces by 5,000 troops, while also adding more high-tech experts. . Fox News reports that the conflicting goals, which have forced a broader restructuring of commando teams, have been influenced by Russia's ongoing war in Ukraine. U.S. Army Special Operations Command plans to increase the size of Green Beret teams by adding members with specialized technical abilities. U.S. Army Special Operations Command plans to increase the size of Green Beret teams by adding members with specialized technical abilities. Additional team members could include computer software experts capable of reprograming drones and other tech gear on the fly. . Additional team members could include computer software experts capable of reprograming drones and other tech gear on the fly. . Additional team members could include computer software experts capable of reprograming drones and other tech gear on the fly. . Gen. Bryan Fenton, commander of U.S. Special Operations Command, says the U.S. is "taking a lot of lessons learned out of the experience in Ukraine.". Gen. Bryan Fenton, commander of U.S. Special Operations Command, says the U.S. is "taking a lot of lessons learned out of the experience in Ukraine.". According to Fenton, special operations were ordered to cut about 2,000 personnel, including 750 from the army. . According to Fenton, special operations were ordered to cut about 2,000 personnel, including 750 from the army. . In 2024, the department was ordered to cut an additional 3,000 personnel over the next five years. . So the real Army reduction in totality is almost 4,000, and the remaining 1,000 will come from the joint force, SEALs, Marine raiders, other Army units, Gen. Bryan Fenton, commander of U.S. Special Operations Command. So the real Army reduction in totality is almost 4,000, and the remaining 1,000 will come from the joint force, SEALs, Marine raiders, other Army units, Gen. Bryan Fenton, commander of U.S. Special Operations Command. Maj. Gen. Patrick Roberson, deputy commander of the command at Fort Liberty in North Carolina, estimates that at least 30% of those cuts will be in open jobs. . According to Roberson, other cuts will be aimed at redundancies among trainers and instructors, as well as civil affairs and psychological operations. . According to Roberson, other cuts will be aimed at redundancies among trainers and instructors, as well as civil affairs and psychological operations.

Iranian President Vows to Destroy Israel if It Launches the ‘Tiniest Invasion’

Iranian President Vows to Destroy Israel , if It Launches the ‘Tiniest Invasion’. On April 13, Iran attacked Israel with hundreds of drones and missiles. It was the first time that Iran has ever launched a direct military attack on Israel, Fox News reports. . Although Israel was able to fend off about 99% of the projectiles, the country is considering retaliation. On April 17, Iranian President Ebrahim Raisi warned Israel that if it does decide to attack with even the "tiniest invasion," . Iran's response would be "massive and harsh.". Nothing would remain from the Zionist regime, Iranian President Ebrahim Raisi, via Fox News. Raisi delivered his remarks during a military parade north of Tehran. Prior to Raisi's threats, Israel vowed to respond to the attacks. The country did not provide details, but its military council met on April 16 to decide how to proceed. Leaders around the world have urged Israel to stand down. . While Israel and Iran have been at odds for decades, their conflict came to a head recently since Iran supports Hamas, . which attacked Israel on Oct. 7 and prompted Israel's current offensive in Gaza.

Samsung Knocks Apple From Top Phonemaker Spot

Samsung Knocks Apple , From Top Phonemaker Spot. Samsung Knocks Apple , From Top Phonemaker Spot. Fox News reports that Apple's phone shipments have dropped by about 10%. During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%. During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%. Xiaomi came in third with 14.1%. Samsung shipped over 60 million phones during Q1 2024. Samsung shipped over 60 million phones during Q1 2024. Apple only shipped 50.1 million. . Last year during the same time period, Apple shipped 55.4 million. . Overall, smartphone shipments rose 7.8% worldwide to 289.4 million units during Q1 2024. The increase in Samsung shipments could be attributed to the company's release of Galaxy S24 series phones. During a launch event at the beginning of the year, Galaxy AI, which is incorporated into the company's new smartphones, was touted as "a new era of mobile AI.". News of Samsung's triumph comes as Apple is cutting over 600 jobs in California following reports that the company is abandoning its electric car efforts. . News of Samsung's triumph comes as Apple is cutting over 600 jobs in California following reports that the company is abandoning its electric car efforts.

Drug Shortages Reach All-Time High in US, Pharmacists Say

Drug Shortages Reach , All-Time High in US, , Pharmacists Say. According to the American Society of Health-System Pharmacists (ASHP) and the Utah Drug Information Service. the first quarter of 2024 saw 323 active drug shortages, Fox News reports. The previous record of 320 shortages was set in 2014. ASHP CEO Paul Abramowitz said, "some of the most worrying shortages involve generic sterile injectable medications," . ... "including cancer chemotherapy drugs and emergency medications stored in hospital crash carts and procedural areas." . ... "including cancer chemotherapy drugs and emergency medications stored in hospital crash carts and procedural areas." . Abramowitz went on to say that the "ongoing national shortages of therapies for attention-deficit/hyperactivity disorder also remain a serious challenge for clinicians and patients.". A separate ASHP report said that "the most severe and persistent shortages are driven by economic factors that undermine investment in manufacturing capacity, manufacturing quality and supply chain reliability.". These economic challenges are driven by extreme price competition among generic manufacturers, ASHP, via report. ASHP will continue to engage with policymakers regularly as we guide efforts to draft and pass new legislation to address drug shortages and continue to strongly advocate on behalf of our members for solutions that work, ASHP CEO Paul Abramowitz, via statement. Last week, the Department of Health and Human Services issued a white paper recommending tactics for Congress to help. With today’s white paper, HHS offers solutions and stands ready to work with Congress to ensure no patient faces the devastating consequences of drug shortages or goes without needed medicines, U.S. Department of Health and Human Services, via press release

This Day in History: Donna Summer, Queen of Disco, Dies

This Day in History: , Donna Summer, Queen of Disco, Dies. May 17, 2012. The 63-year-old singer and songwriter died in Naples, FL, from non-smoking related lung cancer. The disco diva rose to fame in the 1970s, with hits like "Hot Stuff" and "Last Dance.". As disco's popularity waned, Summer wrote songs for several different genres. Her song, "Starting Over Again," for Dolly Parton was a number-one country single in 1980. Her 1983 hit, "She Works Hard for the Money," became a pop-rock feminist anthem. Summer was a five-time Grammy winner, who's been sampled by artists from Beyonce to the Pet Shop Boys. The mother of three was buried in Nashville, her home since the 1990s