Econ Everyday for Everyone

Wishing you and yours a wonderful hoilday season and all the best in the coming new year! - The Econ Everyday Team Source | Unsplash: Photo by Logan Voss on…

The Swedish company IKEA is renowned worldwide for its wide array of furniture that customers are required to assemble at home. This video will explore the behavioral psychology behind the…

Fast-food chain Wendy’s announced they are planning to close 140 underperforming stores by the end of 2024. The proposed closures are for stores in low-growth locations with less than $1…

Tariffs probably aren’t something you think about as you go about your day, in fact, youmight have never thought about them at all. That could soon change as Donald Trump…

The pace of job growth in the private sector is more than a statistic; it tells a story of how businesses, consumers, and policymakers respond to changes in the economy.…

Dropbox’s recent decision to reduce its workforce by 20% highlights core principles of the market system and the circular flow model. At its essence, the market system operates on the…

The recent 7.4% rise in pending home sales for September, exceeding predictions, underscores the nuanced relationship between Federal Reserve policies, consumer decisions, and market dynamics. Although high interest rates are…

If you’re like many football fans, nothing beats sitting in the stands cheering the hometeam. Indeed, in the fall, many college towns come alive as alumni and others descend onfootball…

Who wants to be a millionaire? Well, as it turns out, not as many people as in the past. It seems that inflation has caught up with people’s dreams and…

For those flying in the back of the plane, long haul transatlantic flights are often a test of endurance. Personal space is lacking, the inflight entertainment system may not offer…

In 2022, McDonald’s came under fire for charging $16 for Big Mac meals in some cities. At the time, McDonald’s made vague references to supply chain problems and promised to…

CNBC explores challenges currently facing U.S. tech workers, including mass layoffs, widespread cuts in company budgets, and threats of deportation for H-1B visa holders. See video for more. https://www.youtube.com/watch?v=uOIPmQrrgnQ YouTube.com…

Rice consumption in Japan has been falling for decades. Lately, however, the Japanese have been racing to the store to buy as much rice as they can. Not because their…

When you think of America you probably think of the United States. You might also think of North or South America, but would you think of China? If you answered…

Aldi has recently announced a massive expansion plan. Many people consider this chain’s growth to be rooted in its focus on affordability and operational efficiency. In a nation where food…

One important driver of economic growth is a thriving labor force where workers are gainfully employed. Gainful employment often means better pay and improved working conditions. A recent example is…

In 2023, California was the largest agriculture producing state in the US. The state produces approximately one-third of the US’s vegetables and three-quarters of the nation’s fruits and nuts. However,…

The fashion industry is one of the biggest markets in the United States, valued at about $1.7 trillion and representing about two percent of our gross domestic product. Now, two…

Fans of Aaron Rodgers, the New York Jets quarterback who went down in the first game of the 2023 season were likely excited to tune in to see his 2024…

If you’re like many people these days, you often leave the grocery store wondering whyit costs so much to buy so little. Indeed, it seems like we’re paying a lot…

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A listeria outbreak that has so far led to 57 hospitalizations and 9 deaths has been traced back to Boar’s Head deli meats. The outbreak, which has spread to 18…

Following in the footsteps of auto manufacturers such as Jeep, Mercedes, and Porsche, Ford Motor Company has announced it is getting into the e-bike business. The auto manufacturer is entering…

The combination of a severe drought and leaky infrastructure has led to a severe watershortage in the town of Agrigento, Sicily. This has led the government to imposerestrictions limiting the…

A new technology is hitting the skylines in New York and Tel Aviv—window washing robots. The new robot, called OZMO (due to its use of reverse osmosis to cleanse the…

Costco is losing money on its $1.50 hot dog combo, which include hot dogs, buns, condiments, soda, and bottomless refills. According to the Bureau of Labor Statitcics CPI inflation calulator, Costco…

Graduation. A time of time of joy, bittersweet goodbyes, anticipation, new beginnings. Well usually, but for many recent new graduates, it’s also a time of frustration. This year, many new…

Has McDonald’s become too expensive? That’s a question McDonald’s executives are trying to answer as the company reports disappointing earnings. Once a destination for a quick and inexpensive meal or…

In 2009, following an extreme bout of hyperinflation, Zimbabwe abandoned its national currency. During the period of hyperinflation, prices were increasing at an astonishing rate of 5 billion percent annually.…

A perfect storm is hitting low-income families. During the pandemic, Congress passed an aid package that increased benefits under the Supplemental Nutrition Assistance Program (SNAP), which is commonly referred to…

Pork producer Hormel Foods has agreed to pay $11 million to settle a class actionlawsuit alleging price-fixing in the pork industry. The lawsuit, originally filed in 2018,claims Hormel Foods and…

US GDP grew at a 1.6 percent annualized rate in the first quarter of 2024. This is significantly lower than the 3.4 percent growth in the fourth quarter of 2023.…

In a world where many people struggle to find affordable housing, micro-apartments have become a popular idea to help tackle this problem. These tiny apartments, usually between 150 and 400…

In the world of economics, the concepts of supply and demand are crucial in understanding how markets work. Recently, Bentley Motors, known for its luxury cars, faced a drop in…

Change Healthcare's recent cyberattack, resulting in daily losses of up to $100 million, offers a stark reminder of the far-reaching economic consequences of cyber threats. Beyond the direct financial hits,…

Campbell Soup is being sued by the Department of Justice and two environmental groups. The suit alleges that the company’s manufacturing plant in Napoleon, Ohio has been discharging contaminated wastewater…

Following an unusually dry summer in 2023, US corn farmers expected a poor harvest and an increase in the price of corn. In anticipation of this price increase, many farmers…

Walmart is in the news again, and this time it's about how the retail giant is growing even bigger. This growth isn't just good for Walmart – it impacts the…

Americans, fed up with the price of food these days, are speaking out. In fact, the rising cost of food, and more specifically the notion of shrinkflation was immortalized in…

Think about the last time you experienced a power outage. In addition to being unable to charge your electronics, or use your Wi-Fi connection, you may have also been unable…

The aviation industry has been a cornerstone of global transportation, facilitating connectivity and driving economic growth across the world. However, recent challenges faced by Boeing's 737 MAX aircraft have sent…

Jacksonville, Florida, has long been recognized for its vibrant community, stunning natural landscapes, and commitment to sustainable urban development. In a significant stride towards enhancing the city's appeal and economic…

Hankering for a burger and fries? Wendy’s, home of the square beef patty and Frosty shake, has you covered. How much will your meal cost? Well, under Wendy’s new dynamic…

Students and parents all over the United States are having major issues with the new Free Application for Federal Student Aid (FASFA). The new FASFA application promised to be a…

Artificial intelligence (AI) remains a focal point of conversation and continues revolutionizing our world. The conversation around artificial intelligence has divided many groups, some more welcoming and others more skeptical.…

Would you be willing to pay $375 for a vibrant colored cup made out of plastic and metal? How about $200 for a used one? Sound like too much? Well,…

In an effort to curb alcohol-related deaths and hospitalizations, Scotland is preparing to increase their minimum alcohol prices. The new rule would raise the minimum price per alcohol unit by…

Las Vegas was the home of 2024’s Super Bowl 58. As the current host of the one of the biggest sports events in the world, we must note that the…

Despite fears of a recession following the Federal Reserve’s raising of interest rates to cut inflation, the US economy saw real growth of 3.1% in 2023. A large part of…

What’s better than a cookie? Maybe a really big cookie? Maybe even a footlong cookie? If you chose the footlong cookie, you’re not alone. Subway, maker of the popular footlong…

In October 2022 the Pinellas Suncoast Transit Authority (PSTA) launched its new Sunrunner bus service. The $44 million dollar project created a 10.3-mile route with dedicated bus lanes to shuttle…

American Airlines announced it would no longer accept Argentine pesos for cash sales of airline tickets. All transactions must be made with either a credit card, bank deposit, or wire…

Imagine the dilemma of elected government officials trying to explain to constituents that a vote for more domestic jobs could also mean less choice and possibly higher prices for consumers.…

Pepsi Co., the global soft drink and snack giant, recently received a resounding “no thanks” from French supermarket chain, Carrefour, after the soft drink maker tried to increase prices yet…

An unusually dry October has lowered the water level of the lake that is used to operate the Panama Canal’s channel system. As a result, the Canal Authority has reduced…

Each year, millions of shoppers flock to stores during Black Friday weekend in search of the best bargains they have seen all year. Black Friday shopping begins on the Friday…

Starbucks has unveiled a massive global expansion plan, further solidifying its place in the coffee market. Starbucks was founded in 1971 in Seattle, Washington, and has since grown massively. By…

The sustainability of our environment is a continued concern for policymakers, economists, scientists and more. Electric vehicles emerged on the scene more than one hundred years ago with varying versions…

Seafood restaurant chain Red Lobster posted an $11 million loss for the third quarter of 2023. The primary driver of this loss was their Ultimate Endless Shrimp deal. What was…

A jury ruling in November 2023 finally put to rest a price-fixing case that was filed in 2011. The jury found that four of the US’ largest egg suppliers conspired…

A fly on the wall at recent board meetings of some multinational cosmetic companies might hear board members saying ‘it all used to be so beautiful’ or something along those…

If you shopped for a new car recently, you probably know that finding a good deal can be difficult. Not only are the vehicles themselves expensive, but with interest rates…

You might not have shopped in an Aldi grocery store, but you’ve probably heard of them. Aldi, a German retailer, is the fastest growing grocer in the United States when…

Netflix has announced that it added 8.8 million new subscribers during the third quarter of 2023. This increase comes after the streaming service cracked down on password sharing and forcing…

New York City is planning to install several “noise cameras” in Manhattan in an effort to enforce anti-noise ordinances. The cameras will be mounted along city streets and will be…

Petroleum is often referred to as liquid gold. Now another oil may claim the same title. Olive oil. You’re probably aware of its health benefits and, in comparison to other…

The minutes of the July 2023 meeting of the Federal Open Market Committee indicated that Federal Reserve officials may raise interest rates again in the near future in order to…

What do you think of when you see a kernel of corn? Maybe a bowl of popcorn or corn on the cob? Perhaps your mind goes to corn syrup, animal…

Over the past several years, the sport of pickleball has become immensely popular, with new leagues and courts opening all over the country. Along with that rise in popularity has…

Think that new iPhone you just got was made in China? Perhaps, but it also may have been made in Vietnam or India. That’s right, Apple, like many other companies,…

Australian mining company Rio Tinto recently began operations extracting copper from an underground mining complex at the Oyu Tolgoi mine in southern Mongolia. Originally opened in 2012 as an open…

For many people, wine and France go together like peanut butter and jelly. Indeed, France’s winemaking industry is the stuff of legends with family wineries going back generations. Now though,…

Remember the cheesy commercials offering new cars ‘with no money down’ or monthly lease prices on new cars ‘so low, we’re practically giving them away’? Well despite seeming like a…

There was once a time when the Big Ten referred to ten universities located in the middle of the country. If you asked their students and alumni, they’d probably say…

You’re probably familiar with the routine by now. You make a purchase and go to swipe your card, but before you can, the checkout clerk turns the screen toward you…

Shortly after the state of Florida announced it would be expanding its voucher program to give students around $8,000 to offset private school tuition, a private school in St. Petersburg, FL…

Summertime! If you’re like many people, you’re probably thinking about sunshine, swimming pools, and backyard barbeques. This year though, that backyard barbeque could be a lot more expensive. Why? The…

Founded shortly after World War 2, the Tupperware company’s patented soft-plastic, double-seal lid technology revolutionized kitchen storage containers, both in their ease of use and in their ability to keep…

With headlines and news updates continually reminding us that we’re in an inflationary economy, it’s hard not to be at least a little bit concerned about what financial challenges might…