Business

Recently, Washington, D.C. Attorney General Brian Schwalb filed a lawsuit against the online ticket exchange platform StubHub. The lawsuit accuses StubHub of engaging in deceptive and unfair pricing practices. According to the attorney general, StubHub intentionally advertises low ticket prices to attract consumers, only to reveal significantly higher prices during the checkout process. This misleading
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Spirit Airlines, long known for its budget-friendly approach to air travel, has recently announced a major shift in its ticket offerings. The Florida-based carrier has revealed plans to introduce new ticket packages for its highest-priced tickets, bundling in various perks that were previously only available as add-ons. This strategic move comes as the airline faces
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McDonald’s executives are facing a tough reality as they acknowledge that diners consider the company’s prices to be too high. This revelation comes at a time when lower-income consumers are hesitant to spend due to years of high inflation. During the company’s recent second-quarter earnings call, executives admitted that they are currently evaluating their pricing
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Fast-food chains, including McDonald’s, Taco Bell, Burger King, and Wendy’s, have been re-implementing meal deals with a $5 price point in an attempt to attract customers during a time when consumer spending is down. While some chains have reported an increase in foot traffic as a result of these promotions, Wall Street remains skeptical that
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Chipotle Mexican Grill, a popular fast-casual restaurant chain, recently released their quarterly earnings report for the second quarter that ended on June 30. The report revealed that Chipotle exceeded analysts’ expectations, reporting higher than anticipated earnings and revenue. This positive performance comes at a time when the restaurant industry is experiencing a slowdown, making Chipotle’s
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