Consumer confidence took a sharp decline in February, with concerns over inflation and a possible trade war leading to a decrease in expectations for income, business, and the job market. This drop in confidence has resulted in people delaying big-ticket purchases and vacations. In other news, Kia is recalling over 137,000 vehicles due to engine issues, specifically with the piston oil rings that may result in engine failure. The affected models include the Kia Seltos and Kia Soul from model years 2021-2023, with dealers offering free engine replacements.
McDonald’s has announced that it will not impose surcharges for eggs in its meals and is launching $1 McMuffins on its app to mark the 50th anniversary of its breakfast menu. Additionally, Eli Lilly has reduced the price of the weight-loss drug Zepbound for self-pay patients, offering a new pricing plan through their “Zepbound self-pay journey program.”
On a lighter note, Apple users can now access the Adobe Photoshop app for free on their iPhone for the first time, allowing creatives and professionals to work on the go. The app will also be available for Android users later this year.
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