(Bloomberg) -- Rising housing costs and stubbornly high inflation are battering many consumers and the hit to their wallets is now hurting America’s low-cost...
-- Rising housing costs and stubbornly high inflation are battering many consumers and the hit to their wallets is now hurting America’s low-cost restaurants.Jim Simons, Code Breaker Who Mastered Investing, Dies at 86
“You get more bang for your buck there,” Cantalupo said. That’s a problem for the likes of TGI Friday’s, which is mulling debt options amid weakening sales.Meanwhile, as cash-strapped consumers hope for price stability, higher earners have more flexibility as economic indicators paint a rosier picture for them. Some are still electing to go to cheaper restaurants, which helps those eateries, but not enough to make up for loyal regulars pressing pause on weekly outings.
Guggenheim Partners is talking to lenders, including private credit firms, to gauge their interest in financing the potential $6.6 billion buyout of US department store chain Macy’s Inc. by investment firms Arkhouse Management Co. and Brigade Capital Management. A Hong Kong court has ruled in favor of creditors in cases involving a controversial credit protection mechanism popular among China’s borrowers, reviving the hopes of investors trying to claw back funds on defaulted bonds.
Air Baltic Corp AS had to offer Europe’s highest coupon bonds so far this year to pull off a last-minute refinancing deal, even with Latvia’s government stepping up to buy a chunk of the debt.
Moody’S Ratings Dennis Cantalupo Bankruptcy Filing Red Lobster Cantalupo
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why value needs to be the main focus for fast food restaurantsAs inflationary pressures mount, consumer spending has shown signs of slowing, with fast-food and fast-casual dining chains feeling the pinch. Joining Market...
Read more »
KeyCorp profit falls as higher deposit costs hurt interest incomeExplore stories from Atlantic Canada.
Read more »
KeyCorp profit falls as higher deposit costs hurt interest incomeU.S. banks have been grappling with increased funding costs as elevated interest rates prompt customers to move cash from banks to safe-haven higher-yielding...
Read more »
High Commodity Costs Hurt Rate Cut Prospects, World Bank SaysThe decline in global commodity prices is stabilizing at levels that are still inflated, which could keep central banks from cutting interest rates quickly, the World Bank said.
Read more »
Experts Recommend The Best Affordable Bikes For Casual Bike RidersTessa Flores is a Staff Writer for HuffPost covering a number of shopping topics and lifestyle trends. She is based in Los Angeles and is an Oregon Native.
Read more »
This Local App Offers Self-Guided Dining Tours in CalgaryThe Taste the City app helps you discover and experience multiple Calgary restaurants in one convenient dining journey.
Read more »