Tuesday, 15 Jun 2021

Chipotle Mexican Grill Hikes Menu Prices To Cover Wage Increases

Stock Alert: Washington Prime Group Up 10%

Washington Prime Group Inc. (WPG) shares are gaining more than 9 percent on Wednesday trade. There have been no announcement from the company today to drive the stock.

Currently, shares are at $5.55, up 10.91 percent from the previous close of $5.00 on a volume of 8,261,638. For the 52-week period, the shares have traded in a range of $1.69-$16.55 on average volume of 5,059,915.

Stock Alert: Covanta Holding Gains 11%

Covanta Holding Corp. (CVA) shares are rising on Wednesday morning trade, reaching above its 200-day moving average. The company has set June 22 as ex-dividend date and July 1 as dividend date. There have been no corporate announcement from the company on the day to impact the stock movement.

Currently, shares are at $16.51, up 11.10 percent from the previous close of $14.86. The shares have traded in a range of $7.44-$16.65 on average volume of 768,443.

In a New AMC Satire, a Sitcom Wife Gets the Last Laugh

Annie Murphy stars in a black comedy that spoofs corny family sitcoms while revealing the darkness behind the bright lights and bad jokes.

By Alexis Soloski

Shortly after the 2016 presidential election, Valerie Armstrong experienced what she described as “a feminist fit of rage.” So she put that rage into a comedy pilot, a pussy hat in script form.

Marjorie Taylor Greene: I Don’t Believe In Evolution, That Type Of So-Called ‘Science’

Conspiracy theory-endorsing Rep. Marjorie Taylor Greene (R-Ga.) probably shocked no one with her latest anti-evolution declaration about science.

“I don’t believe in evolution,” the QAnon adherent told former Trump White House strategist Steve Bannon on his “Real America’s Voice” podcast this week.

“I don’t believe in that type of so-called science. I don’t believe in evolution. I believe in God,” Greene continued, gesturing with air quotes during a discussion about the potential origin of the coronavirus. An estimated 40% of Americans believe God created humans as described in the Bible, according to a 2019 poll.

Watch the video here:

Greene has become a GOP celebrity for peddling racist and antisemitic conspiracies, including a claim about Jewish space lasers starting wildfires in California. She was removed from her House committee assignments in February after she liked social media posts calling for the execution of prominent Democrats.

Last month, she likened House mask mandates to the Holocaust. 

H/T Raw Story

RELATED…

One man dead, another injured in Tuesday night shooting in Denver

One man is dead and another man is in the hospital after the two were shot at East Colfax Avenue and Quebec Street on Tuesday night, Denver police say.

The shooting occurred before 11 p.m. at the junction between Denver’s East Colfax, South Park Hill and Montclair neighborhoods, according to the Denver Police Department.

The man succumbed to his injuries Wednesday in the hospital.

Police are investigating the incident as a homicide.

No arrests have been made, and police are asking for info at 720-913-7867.

Packers WR Davante Adams expresses support for Aaron Rodgers during holdout: ‘I got his back’

As the holdout of Green Bay Packers star and reigning league MVP Aaron Rodgers continues to be the focus of the NFL offseason, one of his teammates gave an emphatic vote of support for his quarterback.

But All-Pro receiver Davante Adams also indicated that his support of Rodgers isn't a shot against Packers management in any way.

"I just don't focus on it too much," Adams said Wednesday when asked about Rodgers' absence from Green Bay's mandatory minicamp this week. "I can't control anything that happens with that. I can talk to him, but the best thing for Aaron, and the people that know him well know that he loves you when you have his back. That's how I am naturally, so it's not forced. I got his back through everything.

"So if there's ever a wonder if he has lost a teammate or something because all this come out, he knows where I stand. I'll stand on a (expletive) — excuse me — I'll stand on a mountain and scream on the mountaintop that I got his back."

Chipotle Mexican Grill Hikes Menu Prices To Cover Wage Increases

Fast-casual food chain Chipotle Mexican Grill (CMG) is raising its menu prices to cover the cost of higher wages.

The restaurant chain said it plans to hike menu prices by about 4% to cover the cost of raising its workers’ wages.

Last month, Chipotle announced that it would increase worker pay to an average of $15 an hour by the end of June. Chipotle also introduced a $200 employee referral bonus for crew members and a $750 referral bonus for Apprentices or General Managers.

The company also said it is looking to hire 20,000 employees across the U.S. with starting wage ranges from $11 to $18 per hour to support current peak season demand and the estimated addition of 200 restaurants this year.

The company’s price hikes come at a time when prices for food are rising globally, and at the same time restaurants are finding it difficult to keep staff. Several chains like Chipotle, Starbucks, McDonalds have raised hourly wages for employees of company-owned locations inorder to to attract new workers and retain their current ones.

McDonald’s last month said it that it would raise its wages for workers at its company-owned stores, while Darden Restaurants (DRI), which owns Olive Garden, also announced that it would hike wages.

In May, the leisure and hospitality industries added 292,000 jobs, however, employment in those fields is still down by 2.5 million compared with pre-pandemic levels, according to the Department of Labor.

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