Fox Business

Chipotle offers $1M worth of free burritos to teachers in the US

Tue, 09 Aug 2022 19:23:28 GMT

Chipotle Mexican Grill is giving teachers in the U.S. a chance at scoring a free burrito this month as the company aims to "recognize" educators before the start of the school year.

The fast-casual restaurant chain announced that it anticipates it will give away more than $1 million of free burritos to teachers at 2,000 schools starting the week of August 15.

$3 CHIPOTLE BURRITO ORDERING HACK GOES VIRAL ON TIKTOK: 'SEE THE AMOUNT OF FOOD'

Teachers who receive a complimentary burrito from Chipotle will be pulled from a nomination pool, which will be collected from "Chipotle fans" — including students, parents, family members and friends — from Tuesday, Aug. 9, to Friday, Aug. 12.

People who wish to nominate an outstanding K-12 teacher in their lives will need to tag their "favorite educator" — and leave a comment about the person's impact on Twitter, Facebook or Instagram.

CHIPOTLE’S TOMATO SALSA RECIPE REVEALED ON TIKTOK IN TIME FOR SUPER BOWL

A designated space has been made available on each social media platform so that customers can submit their entries.

Here are the locations:

twitter.com/chipotletweets/status/1556972167513849856

instagram.com/p/chcz2zmf4wd/?hl=en

facebook.com/chipotle/photos/a.132022259252/10160136568559253/

CHIPOTLE ADDS TORTILLA FEE FOR BURRITO BOWLS, TWITTER REACTS DISAPPROVINGLY

"Teachers cultivate a better world by shaping the next generation," said Chris Brandt, chief marketing officer at Chipotle, in a statement.

He continued, "As a longtime supporter of education, we are encouraging our fans to join us in recognizing teachers and their impact on America's youth."

Chipotle’s Burritos 4 Teachers press announcement indicates that the company will randomly select 2,000 teachers from comments that are left on the three aforementioned social media websites.

Throughout the month of August, Chipotle is also encouraging customers to round up their bills to the next highest dollar amount.

That way, the restaurant chain can "Cultivate a Better World" with donations and support to the Kids In Need Foundation, a national education nonprofit that provides aid to underserved schools.

How much money does Guy Fieri make from ‘Diners, Drive-Ins and Dives'? The celebrity chef's career highlights

Tue, 09 Aug 2022 18:53:47 GMT

Guy Fieri, known for his spiky beach blond hair and a massive appetite, is the highest-paid celebrity chef on cable television. The 54-year-old is the host of the highly acclaimed "Diners, Drive-Ins and Dive" and "Guy's Grocery Games" on the Food Network.

Recently, Fieri used his new-found fortune to buy a house in Florida's luxury West Palm Beach area with his wife of 26 years, Lori, after signing a new contract with the network in 2021, according to People Magazine. Fieri is considered the face of the cooking network and is by far the most popular host, especially among the network's male audience.

"We've been trying for a long time to get a place in Florida," Fieri told the magazine in May 2021.

"It's been an ongoing joke that whenever I would go to the South Beach Food and Wine Festival, someone would say to me, 'So when are you going to move to Florida?' I would always say, 'We're looking. We're looking for a house.' Because I love Florida. I love the people. I love the culture."

CELEB CHEF GUY FIERI TAKES HIS CHICKEN JOINTS TO COUNTRY MUSIC’S CAPITAL

Last year, the chef reportedly signed an $80 million contract with the Food Network to host his two shows over the course of a three-year period. The new deal is a $30 million raise from Fieri's prior deal of $50 million, according to Forbes.

Fieri rakes in approximately $26 million per year, which is more than his competitor celebrity chefs such as Emeril Lagasse, who was paid $8 million, and Gordon Ramsay, who earned around $20 million last year. His signature show, "Diners, Drive-Ins and Dive" first aired in 2006 and, after 33 seasons, earned more than $230 million in advertising revenue in 2020.

"I got a chance of a lifetime," Fieri told the Hollywood Reporter in the wake of the deal. "I think I played it good."

The $80 million deal represents a new level of success for Fieri who for most of his career was looked down upon by other celebrity chefs for his humble origins and simple tastes. Fieri started in the food industry at 10 years old and sold pretzels out of a stand. In France, he studied cooking and later moved to Las Vegas to attend the University of Nevada for hospitality management.

In 2006, Fieri was able to host his own show on the Food Network after winning in the second season of "Next Food Network Star." The show, "Guy's Big Bite, only lasted for six episodes and Fieri earned approximately $1,000 per episode.

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However, by 2010 the Ohio native was one of the most popular stars on the network when he premiered in Diners, Driven Ins, and Dives. The show follows Fieri on the road across the United States, Canada, and Mexico as he eats unique foods from popular local diners, drive-in restaurants, and dive bars.

By 2019, Fieri, along with the late Julia Child, became the fourth celebrity chef to be awarded a star on the Hollywood Walk of Fame. He has been featured in more than 14 series on the Food Network.

Fieri, via his company Knuckle Sandwich LLC, recently launched Flavortown Kitchens, a virtual brand with more than 175 locations worldwide, according to the chef's website. Moreover, Fieri owns more than 80 other restaurants under different brands, including Guy Fieri's Vegas Kitchen & Bar and Guy's Burger Joint on Carnival Cruise Lines.

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Ferrari is recalling almost every vehicle sold since 2005 due to leaky brake fluid

Tue, 09 Aug 2022 17:22:01 GMT

Ferrari, known for its luxury multimillion-dollar cars, is recalling over 23,000 vehicles sold from 2005 to 2022.

19 of the company's models over the last seventeen years risk brake failure, according to a report filed in July with the National High Traffic Safety Administration. The report states that the vehicles are equipped with inefficient brake fluid reservoir caps that may not cause vent pressure efficiently. These faulty caps can create a vacuum "that could potentially leak brake fluid, which may lead to partial or total loss of braking capability."

In order to remedy the issue, the company must replace the current reservoir caps on the cars and install new software in the vehicles to provide warnings if a brake fluid leak occurs. The company estimates that only one percent of the car being recalled are affected by this issue.

All Ferrari dealers and owners will be notified of the recall by September 24. The company had a similar recall in October 2021 for brake failure in over 10,000 models sold between 2010-15 and 2016-19.

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Ferrari suggests that if current drivers experience a low brake fluid warning they should immediately "pull off the road as soon as it is safe to do so, and then contact Ferrari Roadside Assistance and get towed to the nearest authorized Ferrari dealer."

The recall represents a sizable portion of all cars sold by the Italian manufacturer over the last seventeen years in the United States.

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The only models sold since 2005 that were not included in the recall report are the 575M Maranello, 599 GTB, SF90, and 296. Customers affected by the recall may reach out directly to the company via their website for assistance

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Southwest Airlines flight attendant suffers broken back in hard landing

Tue, 09 Aug 2022 15:36:31 GMT

A Southwest Airlines flight attendant sustained a compound fracture to a vertebra during a hard landing in California last month.

According to the National Transportation Safety Board, the impact of the landing was so hard that the flight attendant thought the plane had crashed.

She felt pain in her back and neck and was unable to move.

She was transported from Santa Ana's John Wayne Airport to a hospital where she was diagnosed with the injury.

AIRLINE DISRUPTIONS RISE FRIDAY CREATING WEEKEND PROBLEMS

None of the other people on board the plane were hurt.

Pilots said they were aiming for the normal touchdown zone on the relatively short runway.

The runway is about 5,700 feet long, whereas Los Angeles International Airport runways are between 8,900 and nearly 13,000 feet.

The safety officials completed the investigation without detailing the cause of the hard landing.

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After the 18-year-old Boeing 737-700 taxied off the runway, the pilots were made aware of the injury.

The flight attendant was in a jump seat at the back of the plane.

Documents from the investigation were not made publicly available.

Southwest Airlines told FOX Business on Tuesday that it could not provide any specifics regarding the employee's health status out of a respect for privacy.

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"The Safety of Southwest’s Customer and Employees is always our top priority. We are concerned when any Employee is injured. We reported the matter to the NTSB in accordance with regulatory requirements and conducted an internal review of the event," the airline said.

According to The Dallas Morning News, the only other injury reported on a Southwest Airlines flight this year was a woman who broke her ankle exiting a bathroom in May.

The Associated Press contributed to this report.

Wendy’s new French Toast Sticks aim to sweeten the back-to-school season

Tue, 09 Aug 2022 15:07:41 GMT

Wendy’s is making the morning a little bit sweeter.

The fast-food chain announced its new Homestyle French Toast Sticks on Tuesday — with a maple syrup dip on the side.

Wendy’s first-ever sweet breakfast menu addition is launching on August 15 in store and on its app — just in time for back-to-school season.

WENDY'S INTRODUCES NEW STRAWBERRY FROSTY FOR SUMMER

Carl Loredo, chief marketing officer for The Wendy's Company, wrote in a press release that the new menu item takes on competitors by giving Wendy’s fans a "better breakfast worthy of their first meal of the day."

"Our Homestyle French Toast Sticks strike a perfect note of nostalgia and bring even more morning flavor to our menu — this time with something sweet," he also said.

"From day one, we launched our breakfast offering to save fans from the boring and bland morning options that exist at some of our competitors, and we've done just that."

Wendy’s French Toast Sticks, made with real eggs and dipped in milk custard with "a hint of vanilla," are available in four-piece, six-piece, or six-piece combo options.

The options include seasoned potatoes and a beverage.

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John Li, vice president of culinary innovation, claimed in a statement that the "piping hot, pillowy" French Toast Sticks will take consumers’ breakfast game "to the next level."

"We are always looking at new ways to deliver high-quality, craveable and affordable breakfast offerings," he said.

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"The Homestyle French Toast Sticks play into sweetness — a space we've mastered — to balance out our savory morning flavors."

Over 1K flights delayed, nearly 200 canceled on Tuesday

Tue, 09 Aug 2022 15:02:01 GMT

More than 1,000 flights have been delayed early Tuesday morning, marking yet another day of frustration for travelers around the nation.

As of 11 a.m. ET on Tuesday, over 1,000 flights in, out of and across the U.S. have been delayed, according to flight-tracking website FlightAware, which tracks flight delay and cancellation statistics in real-time. Another 153 flights were outright canceled.

Although the data is rapidly changing, Tuesday's figures are still down from Monday when there were nearly 7,000 flight delays and hundreds of other cancellations.

AMERICAN AIRLINES CUTTING FLIGHTS FROM FALL SCHEDULE

Although airlines are still batting staffing issues, delays and cancellations were particularly heavy all weekend due to thunderstorm activity and weather ground stops, FlightAware spokesperson Kathleen Bangs told FOX Business.

From Thursday through Sunday, there were more than 30,000 delays, according to FlightAware data. There were also over 4,400 cancellations.

A Delta Air Lines spokesperson told FOX Business that any disruptions the airline faced over the weekend resulted from weather and air traffic control challenges.

A spokesperson for Southwest Airlines said Monday the carrier was still working through "weather-related challenges."

Cancellations, in particular, are down compared with the first three months of the year when airlines battled staffing issues related to the omicron variant of COVID-19 as well as winter storms, according to Bangs.

However, delays have increased throughout the second quarter and even into July and August, she continued.

TRANSPORTATION DEPARTMENT AIMS TO 'STRENGTHEN' REFUND PROTECTIONS FOR AIR PASSENGERS

Despite the ongoing issues, Bangs said we could have seen even more cancellations if airlines hadn't pared back their summer schedules.

Earlier this summer, Nicholas Calio, president of the trade group Airlines for America, said its member carriers cut 15% of the flights they originally planned for through August while also ramping up hiring and training to combat issues and become more reliable for passengers.

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Problems have still persisted as demand ramps up to pre-pandemic levels, forcing some carriers to reduce their schedule for the fall.

Last week, American announced that it has already taken steps to reduce its overall September system capacity.

Ford F-150 Lightning gets big price hike as order book reopens

Tue, 09 Aug 2022 13:28:01 GMT

Ford is reopening the oder books for the electric F-150 Lightning on Thursday, August 11, as production catches up with demand.

The automaker had stopped taking new orders in May after receiving over 200,000 reservations as it ramped up manufacturing of the battery-powered full size pickup.

The starting price for the 2023 F-150 Lightning has been increased $7,000, however, with the entry level commercial Pro model now listed at $46,974, up from $39,974 when it first went on sale.

Other trims have received similar increases, with the top of the line Platinum up $6,400 to $96,874 before destination fees are added. A Ford spokeswoman told FOX Business the price adjustment is primarily the result of the rising materials costs affecting the automotive industry.

THE FORD F-150 LIGHTNING POLICE PICKUP HAS JOINED THE FORCE

The original lower pricing will be honored for current order holders.

"We’ve announced pricing ahead of re-opening order banks so our reservation holders can make an informed decision around ordering a Lightning," said Marin Gjaja, chief customer officer of Ford's new Model e division that handles electric vehicles.

All of Ford's electric vehicles still qualify for the existing $7,500 federal tax credit, although it is unclear how the changes to subsidy contained in Inflation Reduction Act will affect them if it is passed into law.

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Ford does have some good news for new F-150 Lightning buyers, as the range of trucks equipped with the standard range battery pack has been increased from 230 miles to 240 miles.

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It is also adding a new Pro Trailer Hitch Assist feature that automatically controls the brake and throttle while connecting a trailer to the vehicle.

This story has been updated with additional information

Online prices fall for the first time in 2 years

Tue, 09 Aug 2022 12:00:19 GMT

Online prices have declined for the first time in over two years, according to recent data.

The Adobe Digital Price Index revealed that online prices dipped 1% in July compared to a year ago after rising 0.3% in June.

Additionally, prices also dropped for a second month on a month-over-month basis, falling 2% in July after dropping 1% in June, which underscores how e-commerce is finally entering deflation.

It's a nice break for consumers who have faced 25 consecutive months of persistent inflation online. Prices even reached a record 3.6% increase year-over-year in February and March 2022.

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Seven out of 18 categories tracked by Adobe in July — including electronics, jewelry, books, toys, computers, sporting goods and apparel — saw year-over-year price drops. However, 14 categories saw month-over-month price drops.

The price of all electronics, in particular, saw one of biggest drops in July, falling 9.3% compared to a year earlier. Prices of electronics also decreased 2% from June.

The cost for apparel fell 1% year-over-year for the second consecutive month and dropped 6.3% since June, according to the data. Meanwhile, the cost of toys also fell 8.2% year-over-year and 2.9% since June.

AMERICANS' INFLATION EXPECTATIONS DECLINED SHARPLY IN JULY, NEW YORK FED SAYS

Wavering consumer confidence combined with a pullback in spending and oversupply for some retailers "is driving prices down in major online categories like electronics and apparel," according to Patrick Brown, Adobe vice president of growth marketing and insights.

Regardless, it's providing some relief for consumers who are battling surging food costs online and in-store, Brown added.

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Food costs was one category that hasn't let up. According to the data, prices for groceries jumped a record 13.4% compared to a year ago. That's the biggest increase of all 18 categories.

Throughout the entire month of July, consumers doled out $73.7 billion online, which is up 20% from a year ago. Prime Day, Amazon's highly anticipated 48-hour shopping holiday, drove record online sales for the entire industry last month, according to Adobe.

The Great Resignation turns to the Great Regret as worker needs are not being met, expert says

Tue, 09 Aug 2022 06:00:55 GMT

The fact that workers regret quitting during the Great Resignation underscores a more significant issue: worker needs are not getting met.

That's according to John Morgan, president of Lee Hecht Harrison (LHH), a global provider of talent acquisition and job recruitment solutions.

According to a recent survey by Joblist, about 26% of people who quit their job during what was dubbed the Great Resignation already regret it. Additionally, 42% of people who found a new job after quitting said the new gig didn't live up to their expectations.

THE 'GREAT RESIGNATION' IS FAR FROM OVER, STUDY SHOWS

Not only is this a sign that "Great Regret is happening but also that workers are looking for a better workplace culture, and are finding that these needs aren’t being met by either company," Morgan said.

Chad Carden, founder of consulting firm The Carden Group, said many employees had been lured away by promises of higher pay, better titles and better perks during the Great Resignation.

Younger professionals, in particular, also had a "heightened expectation" to have more paid time off, schedule flexibility and meaningful work and were willing to make a change to attain this, according to Kelly Lannan, senior vice president for emerging customers at Fidelty Investments.

In May, a survey from Fidelity revealed that approximately 61% of young professionals between the ages of 25-35 years old changed jobs in the last two years or plan to do so within the following two years.

A record number of American workers – 4.5 million – quit their jobs in November 2021, according to data from the Bureau of Labor Statistics. It's a significant uptick from November 2020, when 3.2 million people quit. It didn't stop there. BLS data shows another record 4.5 million Americans quit in March 2022.

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"Ultimately, employees moving to new roles and new organizations are really looking for what makes them happy, and often the sentiment is that more money equals a happier life," he said. "For instance, sign-on bonuses seem great, but is it being offered because the organization's culture isn't one that cultivates value and fulfillment in its employees?"

Carden stressed that it's vital for employees to do their due diligence and to look into the offer and company before taking the job.

Still, "to help retain employees, businesses have the responsibility to cultivate an environment of clarity, alignment and purpose that connects employees to business goals and objectives where they feel valued and trusted," he added.

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Morgan agreed, saying that it is in the employer's benefit to focus on the wellness of their staff and ensure that workers are satisfied with the culture of the workplace.

"Organizations that are navigating the impacts of inflation and constricting budgets are facing tough business decisions, but it does cost much less money and is better for company morale overall to reskill and redeploy existing talent rather than overhauling workforces entirely," he added.

That said, Morgan argued that Great Resignation has shifted how companies prepare for a possible recession. Rather than instituting massive layoffs, "organizations are doing what they can to hold onto their talent even through a recession because they’ve seen how scarce talent is and that turnover is more costly in the long run," he said.

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Still, he recognized that there is a "high likelihood" that job cuts will likely accelerate in the second half of the year. Some companies have already started laying off employees.

The chief executives of Alphabet and Meta warned employees that they need to step up their productivity amid the uncertain economic environment, prompting fears of potential layoffs. Meanwhile, Walmart, Oracle and Robinhood have already started trimming their workforces.

Over 6K flights delayed, hundreds canceled on Monday after weekend of disruptions

Mon, 08 Aug 2022 17:09:06 GMT

Airline delays and cancellations continued Monday after a weekend full of weather-related issues.

As of 9 p.m. ET Monday, more than 6,000 flights in, out of and across the U.S. have been delayed, according to the flight tracking website FlightAware. Another 640 flights were canceled.

Cancellations, in particular, are still down compared with the first three months of the year when airlines battled staffing issues related to the omicron variant of COVID-19 as well as winter storms, FlightAware spokesperson Kathleen Bangs told FOX Business.

AMERICAN AIRLINES CUTTING FLIGHTS FROM FALL SCHEDULE

Meanwhile, delays have increased throughout the second quarter and even into July and August, she continued.

Although airlines are still batting staffing issues, delays and cancellations were particularly heavy all weekend due to thunderstorm activity and weather ground stops, according to Bangs.

Passengers faced a spike in cancellations, particularly on Thursday and Friday.

On Thursday, 7,612 flights were delayed followed by another 8,865 on Friday, which was the highest number of delays all weekend, according to the data. Meanwhile, 1,239 flights were canceled on Thursday followed by another 1,614 flights on Friday.

TRANSPORTATION DEPARTMENT AIMS TO 'STRENGTHEN' REFUND PROTECTIONS FOR AIR PASSENGERS

According to the data, delays on Saturday and Sunday surpassed 14,200 while cancellations notched about 1,585 for both days.

A Delta Air Lines spokesperson told FOX Business that any disruptions the airline faced over the weekend resulted from weather and air traffic control challenges.

Representatives for American, Southwest and JetBlue did not immediately respond to FOX Business' request for comment.

Despite these issues, Bangs said we could have seen even more cancellations if airlines hadn't pared back their summer schedules.

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Problems have still persisted as demand ramps up to pre-pandemic levels, forcing some carriers to reduce their schedule for the fall.

Last week, American announced that it has already taken steps to reduce its overall September system capacity.