The Daily Ninja 6/27/24
Updates From The Economic Ninja
(6/26/2024)
💰 The Iraqi government is working to break free from the grips of the United States government by building its own marketplace and restricting internal commercial transactions to the Iraqi dinar.
💰 Many dinar investors are hoping for a windfall profit, yet they don't even know how to buy their own home.
🚫 Beware of unauthorized dealers selling fake dinar, and be cautious of the false promises made by so-called "gurus" in the dinar community.
(6/26/2024)
🛒 Walmart's new pricing scheme may turn into a real scheme, raising concerns about transparency and consumer deception.
💸 Walmart is replacing price labels with digital screens, but claims it won't use surge pricing, sparking skepticism about their pricing strategies.
🤔 Walmart stores have over 120,000 products, each requiring regular price changes, which could impact employees.
📈 The speed and ease of updating prices with the new technology has raised eyebrows, leading to questions about the possibility of Walmart implementing surge pricing.
📈 Surge pricing at Walmart could lead to price increases during peak hours, potentially impacting customers' wallets.
🤑 Wendy's faced backlash for plans to introduce dynamic pricing at its restaurants, which Senator Elizabeth Warren called price gouging plain and simple.
🛒 Walmart insists on everyday low prices, but the introduction of surge pricing would contradict this pillar.
(6/26/2024)
🎮 Video game sales are falling off a cliff, a telling sign of the economic collapse we are already in.
📉 Sony is set to abandon the PlayStation VR2 headset after a rough sales period, despite it being fairly new and boasting impressive titles.
🎮 The future of VR development and first party titles for Playstation is uncertain, leading to potential disappointment for gamers.
📉 Video game sales in Europe dropped nearly 17% year-over-year, reflecting a changing trend in consumer spending habits.
🎮 People are pulling back on discretionary spending, indicating a larger problem in the economy.
💸 The decrease in spending on video games is a sign of a looming economic problem.
(6/26/2024)
💰 Mandating higher wages for fast food workers has resulted in layoffs.
🚕 Neither drivers nor customers are happy with misguided politicians attempting to help drivers get better pay.
🚗 The government is purposefully trying to destroy the gig economy because they don't want there to be a million businesses in America, only traditional jobs.
💸 Uber Eats orders in Seattle fell 45% after imposing a $4.99 fee to cover the city's new pay requirements, showing the impact of additional fees on consumer behavior.
🚗 Uber's chief executive stated that the company has had to cut 25% of the delivery drivers who previously worked for the app in New York City, showing that the regulation has hurt the people it's supposed to protect.
📈 Making small businesses great again will help the country thrive.
Keep Crushing It!
-Ninja Out



