Spending

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian …

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Inflation: Households are treating back-to-school spending ‘as an essential category’

As inflation continues wreaking havoc on the U.S. economy, many consumers have pulled back on their spending. But there’s one area that has remained relatively unchanged: Essential spending, like back-to-school shopping. “In the current environment, we have persistent, unacceptably high inflation across virtually all categories but certainly, especially, in energy and food prices,” Matthew Shay, …

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Diablo Immortal Player Says He Can’t Get A Match After Spending $100,000

Screenshot: Blizzard / jtisallbusiness / Kotaku Diablo Immortal’s pay-to-win mechanics have been controversial since the game launched back in June. Now they’ve also apparently broken the game for at least one YouTuber who reportedly spent over $100,000 on beefing up his Barbarian character. The player’s win rate is seemingly so good the game won’t even …

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