The Hustle Daily Show Tariffs cause widespread ‘panic buying’ in the US
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Apr 18, 2025 March saw a surge in retail sales driven by consumers engaging in panic buying to dodge impending tariffs. People flocked to purchase goods across various sectors, including gardening and sports. Meanwhile, Chili's is shaking up the fast food scene with items mimicking McDonald's favorites. Luxury brands like Hermes thrive amidst rising prices for exclusive products, even as general consumer sentiment takes a hit amid economic worries. Vehicle sales spiked too, reflecting widespread anxiety about potential price hikes.
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Grok Chatbot Memory Upgrade
- XAI's Grok bot now remembers past conversations like ChatGPT and Gemini, enhancing user personalization.
- This memory feature enables more tailored and engaging chatbot interactions.
Chili's Enters Fast Food Fight
- Chili's introduces a quarter pounder cheeseburger to compete directly with McDonald's.
- Their $10.99 meal deal undercuts McDonald's $10 value meal and targets the fast food space.
Hermes Birkin Price Insights
- Hermes plans a US-only price hike on Birkin bags despite already high demand and scarcity.
- Price increases may not reduce demand due to exclusivity and strong brand loyalty.