Morning Brew Daily Your Wages Are Catching Up to Inflation & Why Tesla Could Sue Cyber Truck Owners
Dec 13, 2023
Gas prices are dropping, but housing costs remain a heavy burden as wages slowly catch up with inflation. Netflix has revealed viewer data for every show, marking a new transparency trend. Meanwhile, Tesla asserts its right to sue anyone who re-sells a Cybertruck. The aggressive takeover attempt of Wyndham by Choice Hotels raises eyebrows in the hospitality sector. Lastly, shifts in company culture are changing holiday parties from traditional bashes to more casual, budget-friendly gatherings.
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Inflation Update
- The Consumer Price Index increased by 0.1% in November and 3.1% year-over-year.
- Falling energy prices and rising wages are positive signs for consumers.
Gas Price Relief
- Gas prices have dropped significantly since September, offering relief at the pump.
- This is good news for consumers and politically advantageous for President Biden.
Housing Inflation Persists
- Housing costs remain stubbornly high, despite a slight monthly decline in inflation.
- A shortage of affordable homes and rentals contributes to this persistent issue.