Business
Woman and Son at the Butcher Shop
Getty Images
Cereal offenders

Americans are losing patience with the grocery industry, per Gallup survey

Gallup’s latest analysis also reveals another truth: America loves farmers, not pharma

Millie Giles

Years of inflation are grating on the national mood, with polls repeatedly finding that price rises are the most important issue for Americans — and the public is starting to blame the grocery industry itself.

Gallup’s annual Work and Education survey for 2024, released last week, asks Americans about their feelings towards US industries, and found that two major food sectors — grocery and restaurant — are now rated much less highly than a year ago.

While the restaurant industry was still rated favorably overall, with 52% of adults surveyed viewing the sector as very or somewhat positive, this was down from 61% in 2023. However, favorable opinions of the grocery industry fell by 8%, with just 33% of participants having a net positive view of the sector, marking the first time since 2001 that Americans have expressed a net negative rating of the grocery industry.

With food prices still hovering near all-time highs, this may not come as much of a shock, and a recent string of bacterial outbreaks and product recalls are likely to have contributed to the record-low confidence in the US government’s food safety assurances.

Interestingly, America’s favorite industry is that of the people who fill much of our grocery store shelves, with farming/agriculture the most positively rated industry, scoring 64% in the latest survey. So, it seems that we tend to like the people that grow our food more than the people that sell it.

Meanwhile, America’s view of the sports industry has significantly improved, with positive views of the sector up 11% from 2023 — presumably, Team USA topping so many podiums at the Paris Olympics didn’t hurt. Retail, accounting, and even the federal government also saw their public perceptions improve. 

America’s least-liked industries? Pharmaceuticals and advertising/PR with just 20% of respondents having a “very or somewhat” positive view of those sectors.

More Business

See all Business
business

Disney+ subscribers are getting (another) price hike next month

Disney’s streaming prices are going to infinity and beyond.

Starting October 21, Disney+ with ads will climb to $11.99 a month (from $9.99), while the ad-free Disney+ Premium plan will rise to $18.99 (from $15.99). Annual Premium subscriptions will now cost $189.99, up from $159.99. Disney shares were flat on the news.

Bundles are getting pricier too: the Disney+/Hulu (with ads) package jumps from $10.99 to $12.99, while the Disney+/Hulu/ESPN Select bundle rises from $16.99 to $19.99. The premium ad-free version of that bundle goes from $26.99 to $29.99. Even legacy bundles that subscribers were allowed to keep will see hikes. For example: the Disney+ Premium/Hulu (with ads)/ESPN Select plan will now run $24.99 instead of $21.99.

After increasing prices four times in the past four years, Disney’s streaming unit finally became profitable last year. It’s yet another example of streaming services slowly raising prices and hoping consumers don’t notice or care enough to cancel.

Disney shares are up over 20% over the past twelve months.

business

Better Home soars after Opendoor kingmaker Eric Jackson dubs it the “Shopify of mortgages”

Shares of Better Home & Finance soared over 160% Monday after EMJ Capital founder Eric Jackson posted on X, dubbing the online mortgage lender the “Shopify of mortgages.” The post drew attention to BETR’s rapid growth.

He went further, calling BETR a “potential 350-bagger in 2 years.” In a subsequent post, Jackson argued that Better ought to be worth $626 per share today, and claimed that it should be worth $12,000 per share in two years.

Now, these are bold claims, but Jackson is coming off a rather successful called shot as the primary architect of the rally in Opendoor Technologies. After a similar series of posts where Jackson argued that Opendoor would be the next Carvana, retail interest in the real estate stock soared, mobilizing an “$OPEN Army” that has managed to gain the ear of management as they propel the stock upward.

Needless to say, when Jackson talks up a stock, retail at least will hear him out.

Better Home & Finance stock is now up a massive 682% year to date.

business

Fox Corp.’s Lachlan and Rupert Murdoch might be part of the TikTok deal, Trump says

President Trump has said that Rupert Murdoch and his son Lachlan, the chief executive of Fox, are “probably” going to be involved in the investor group looking to buy TikTok in the US.

In an interview with Fox News that aired on Sunday, Trump suggested that the conservative media magnates would join partners including Oracle and Dell in the proposed US deal for the popular social media app.

business

Microsoft is hiking US Xbox prices for the second time in five months

Microsoft said on Friday that it is once again hiking the price of Xbox consoles in the US, this time by up to $70. According to the company, the new prices will take effect on October 3.

A Series X special edition console will now cost $800, up from $730. The standard Series X is now $650, up from $600. Pricing outside of the US will stay the same, Microsoft said.

If you’re feeling deja vu, that’s because Microsoft just did this back in May when it hiked its Xbox prices by up to $100 in the US. The standard edition of the Series X was $500 at launch, meaning the nearly 5-year-old console has seen a 30% price hike this year.

The update is “due to changes in the macroeconomic environment,” according to Microsoft, language mirroring that of rivals Sony and Nintendo when each hiked their own console prices last month. Industry analysts have long warned that tariffs like those imposed by President Trump could substantially increase the costs of video game console production.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.