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| Happy National Margarita Day! I'm Elisabeth Buchwald and I will probably not be sipping one today unfortunately thanks to the cold brewing in me. But if I were to celebrate, I would definitely take advantage of these amazing deals. |
| If you're noticing more of your favorite restaurants are ditching traditional menus and instead opting for prix fixe on ordinary nights, you're not alone. More restaurants are ditching à la carte service to serve more customers with a smaller crew to cut down on costs. |
| The pandemic certainly played a role in shaping the trend, since after the economy began to bounce back labor grew more expensive as well as food. Diners seem to be responding well to the shift. In some cases making it even more competitive for reservations. |
Good luck getting a big raise |
| Jane Fraser, Citigroup's CEO, is an outlier on many counts. But when it comes to compensation last year, she was a big outlier. Fraser was the only major CEO of a bank to get a raise -- and, mind you, a hefty 9% increase bringing her compensation to $24.5 million in 2022. |
| Don't expect to be given the Fraser treatment this year. |
| Not only are companies scaling back on bonuses, but they're also giving smaller raises than in prior years. The average raise is set to fall from over 5% to between 4% to 5%, according to survey data from Payscale, a compensation research and software firm. |
| That's good news for inflation though since wage growth has been supporting elevated prices for all kinds of good and services, according to the Fed. It could also mean the Fed won't have to do as many rate hikes this year. |
📰 More stories you shouldn't miss 📰 |
| Subscription fatigue: More companies are charging monthly fees. How much can consumers take? |
| 'Home sales are bottoming out': Are homebuyers now calling the shots in 2023 housing market? |
| 4-day workweek experiment: Employees said they were healthier and happier. |
In non-alcoholic beverage news... |
| Have you ever wondered what an olive oil-infused latte would taste like? I can't say I have. But if I piqued your curiosity you're in luck. Starbucks is debuting olive oil-infused beverages in Italy this week and it plans to bring them to the U.S. in the spring. |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
| Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth and sign up for our Daily Money newsletter here |
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