Substitute Goods

Over 6 out of 10 consumers are taking drastic action by changing what they buy....

Years after the 2019 chicken sandwich craze, fast food restaurants have been adding more and more chicken items at higher rates than they’re adding beef. So ...

Texas factory activity exhibited little growth in August, according to business executives responding to the Texas Manufacturing Outlook Survey.

Look out golf: Pickleball is coming for your corporate schmoozers.While golf courses have long been hailed as the premier venue for closing deals and wooing clients, a growing number are finding that pickleball saves them time and money — while being more inclusive and easier to play for newcomers…

When life gives you Lululemons… is one of the S&P 500’s worst-performing stocks this year (down nearly 40%), and investors are worried that...

McDonald's CEO Chris Kempczinski said Q3 results prove that difficult times for consumers can be good for the fast-food giant.

Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy.

There are many sparkling wines that are shockingly cheap and absolutely fabulous. I'd like to introduce you to several amazing alternatives to Champagne including...

The differences between a lab-grown and natural diamond are very minimal, and mostly have to do with how they are made and how much they cost.

Burgers are in, patio decor is out.

The aquarium is trying to mitigate its operating costs, which have risen ~20% this year.

“This little suggestion on top of my hamburger helper box is how I know we are about to have a Great Depression part 2”

They’re also eating at Applebee’s.

Fish, please.

Decades-high inflation is leading to a split in American consumers' behavior.

Hat tip to Jessica for sharing this interactive. Home prices in many markets have rocketed skyward during the pandemic. While many note the supply/demand imbalances that have been driving prices, there's another factor at work here. Namely, the costs of construction materials for new homes have seen significant increases which get passed along to the buyers in the form of higher prices.  In this interactive from Bloomberg, students will be able to see recent price changes in the various components of a home (e.g., foundation, trusses, drywall):  Questions:  Which building materials had the largest increase (in dollars)?

This article was written by UC Davis ARE PhD student Hyunjung Lee.  It is the third in a series of excellent articles written by students in my ARE 231 class this fall.

Dropped my double-shot latte... The cost of coffee beans has soared 43% so far this year, according to NYT. A combo of factors are making beans...

After almost 30 years, Oatly has cinched a spot at the front of the alternative milk market

The move is designed to protect the chain from the volatility of the chicken wing market.