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National Restaurant Association EVP Talks Challenges Facing the Restaurant Industry
Restaurants and the grocery store are two places consumers have definitely felt inflation; however, prices at the supermarket have recently risen even more than prices at restaurants. In fact, July saw the biggest inflationary gap...
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In Business: Consumer Confidence Falls, Home Sales Decline, IMF Predicts ‘Gloomy’ Outlook
Catching you up on today’s top business headlines, consumer confidence fell in July for the third consecutive month, dropping to its lowest level since February 2021. Inflation and rising interest rates are largely to blame. New home...
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US Fed raises interest rates half-point in biggest hike since 2000
The central bank’s policy-making committee voted unanimously to increase the benchmark rate a half percentage point.
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Kellogg's Stock Jumps With Earnings Beat Despite Inflation, Tough Market Day
Kellogg's reported a beat on its earnings and reached a 52-week high stock price. Chairman and CEO Steve Cahillane joined Cheddar News to talk about the food conglomerate's strategy despite surging inflation. "One thing we've learned...
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'Summer of our discontent' lay ahead from soaring gas prices, says expert
Gas lobbyist Dan McTeague says a tightness in supply is behind surging gas prices in Canada. 'We are looking at all-time record prices' for gas, he said.
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EU accuses Russia of 'blackmail' as it cuts gas tap to Poland and Bulgaria
Ursula von der Leyen called Gazprom's decision "yet another attempt by Russia to use gas as an instrument of blackmail" while Charles Michel said it was an "aggressive unilateral move by Russia'.
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Shanghai’s COVID-19 lockdown takes economic toll
The strict lockdown in Shanghai is putting immense pressure on the city’s economy — home to China’s financial hub. At the Port of Shanghai, shipment delays are having a major impact on the global supply chain, affecting companies and...
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US oil executives grilled over high gas prices at House hearing
Big energy companies in the US have denied they are using the war in Ukraine to bump up prices for consumers.
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Breaking Down Biden Admin's Stricter Fuel Economy Standards for New Cars
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency...
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Calls for more charging stations, incentives for EVs in Canada’s climate plan
Advocates say Canada’s climate plan needs significantly more investment in providing enough charging stations and incentives to spur consumer demand for electric vehicles.
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Canada, Ontario pledge millions to upgrade Honda plant
Prime Minister Justin Trudeau and Ontario Premier Doug Ford have pledged hundreds of millions of dollars to upgrade an Alliston, Ont., Honda plant in order to manufacture hybrid vehicles.
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High gas prices could have ripple effect on Canadian economy
With gas prices hitting record highs, Canadians are being warned to brace themselves for higher costs on groceries, electronics and other consumer purchases.
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Oil Could Hit $140 a Barrel Amid Russia-Ukraine Crisis
Prices at the pump have escalated severely during the Russian invasion of Ukraine. Paul Christopher, head of global market strategy, Wells Fargo Investment Institute, joined Cheddar News to explain how he sees the gas prices continuing...
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Russia-Ukraine conflict could mean higher prices for Canadians
The conflict between Russia and Ukraine is expected to result in higher prices at the grocery store and the gas pump for Canadians.
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WarnerMedia on Track for CNN Plus, NFTs Following Discovery Deal Approval
The merger of WarnerMedia and Discovery received Justice Department approval on Wednesday, and Patty Hirsch, EVP of consumer and digital platforms at WarnerMedia, joined Cheddar News to discuss current and future offerings from the media...
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Akeneo CEO on $135 Million Fundraise to Redefine Product Management
Software company Akeneo CEO Fred De Gombert joined Closing Bell to discuss its recently closed Series D funding round raising $135 million in its quest to redefine product information management. De Gombert said the company is set out to...
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Arby's CMO on Partnering With Pusha T For Diss Track Against McDonald's
Fast food chain Arby's is collaborating with rapper Pusha T to market the restaurant's new Spicy Fish Sandwich with a diss track aimed at rival McDonald's Filet-O-Fish — an insult to injury considering Pusha T also wrote the "I'm Lovin'...
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Forget Streaming: More Companies Like Airlines, Fast Food Add Subscription Plans
Subscription plans aren't just for media businesses. From Alaska Airlines to Taco Bell, a greater number of companies across a wide variety of industries are testing or rolling out membership services of one kind or another. Blake...
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Grocery costs going up
Kendra Sozinho at Fiesta Farms in Toronto says consumers are seeing higher prices because grocers are dealing with sharply higher prices themselves.
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Tequila Demand to Heat Up as Drizly Reports Alcohol Retailers See a Bright 2022
Despite a champagne shortage ahead of New Year's Eve, adult beverage retailers are staying optimistic about 2022. Cathy Lewenberg, COO at online alcoholic beverages platform Drizly, joined Cheddar to talk about the sunny outlook for next...
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What's driving up inflation?
CBC senior business reporter Jacqueline Hansen looks into what is fuelling inflation in Canada
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Why Deloitte Predicts 150 Million Streaming Subscription Cancellations in 2022
The streaming wars could be peaking as platforms vie for a shrinking pool of new subscribers and services like Disney+ recalibrate their outlooks as the rate of new memberships slows. Jana Arbanas, the U.S. telecom, media, and technology...
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Seventh Generation CEO on the Push for Sustainable Home Care Products
Alison Whritenour, CEO of Seventh Generation, a Unilever brand of home care that focuses on sustainability and green initiatives, joined Cheddar News to talk about the push to put sustainability at the forefront of its product line. "One...
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Some U.S. Restaurants Are Pausing Online Delivery Orders During Peak Hours
Many restaurants across the country have lately turned off delivery and online orders during peak hours, as eateries are still struggling with labor shortages and as many are also seeing more customers return for in-person dining. Wall...