Business

Tuesday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines.

Inflation

Americans’ inflation fears continued to accelerate in October, climbing for the 12th consecutive month in a row to another record high.

The Federal Reserve says the median expectation is that the inflation rate will be up 5.4%, one year from now, the highest level for the gauge since its launch in June 2013.

Steak N’ Shake

Struggling restaurant chain Steak N’ Shake plans to raise menu prices this quarter to boost profit margins.

Revenue at the struggling chain has yet to pull out of a tailspin that’s now stretching more than three years.

There are reports that some Steak N’ Shakes only have four workers at the moment.

Krispy Kreme

Krispy Kreme’s stock is getting battered Tuesday morning after another downgrade.

Truist Financial is citing labor woes and rising wages that could derail expansion plans, according to CNBC.

Krispy Kreme hasn’t fared well on the market since going public this summer. It’s nearly $470 million IPO came up short of expectations and its stock price is down about 26% from its debut at $19.10.

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