You can get 50% off your next Grubhub order — here's how
Amazon Prime members can get a Grubhub+ membership, which would ordinarily set you back $9.99 per month. You'll get unlimited $0 delivery fees, reduced service fees, and exclusive offers on orders from some Grubhub+ restaurants.
But that's not all, Amazon is also running a limited-time offer in honor of Prime Day that gets you 50 percent off orders over $25, and orders up to $20 when you use the exclusive discount code ' PRIME50 '. Plus, you'll also be able to snag a five per cent Grubhub+ credit back on eligible pick-up orders.
According to Amazon, this could save you $300 a year. Feeling tempted? I'd recommend you sign up for an Amazon Prime membership now.
In order to get access to this offer, you will need to be a Prime member, but signing up is simple, and you can cancel your subscription at any time. A Prime membership costs $14.99 per month, or $139 per year if you pay annually, and there are discounts available for young adults and qualifying government-assistance recipients. However, if you're unsure whether you want to commit to a subscription, there is a 30-day free trial of Amazon Prime, provided you're a new member who hasn't already used a free trial.
Once your Amazon Prime membership is set up, you will need to link your Amazon account with Grubhub. When this is done, you should be able to place your Grubhub order, either through the Amazon website or app. It's worth noting that, even if you're not a Prime member, you can still order food on Grubhub using your Amazon account.
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Reuters
2 hours ago
- Reuters
Mamdani's 'Millionaire Tax' and Other Financial Fallacies
NEW YORK, July 2 (Reuters) - Zohran Mamdani's shocking win in the race to become New York City's Democratic candidate for mayor is a reminder that economic fallacies can have real consequences. Mamdani, the winner of New York City's June 24 Democratic mayoral primary, campaigned on some audacious economic proposals. The 33-year-old state assemblyman seeks to eliminate fares on city buses, provide free childcare to all residents with tots aged six weeks to five years, freeze rents on currently rent-stabilized apartments, and create city-owned grocery stores. Costs for his ambitious plans would not be trivial, with the bill for the childcare program alone estimated at $5 billion to $8 billion a year. How to pay for it all? The self-described democratic socialist's solution is, unsurprisingly, tax increases on the city's highest-income residents. He would slap a flat 2% increase on New Yorkers earning $1 million a year or more, which he estimates would generate $4 billion of incremental revenue. Mamdani also advocates raising the top corporate rate from 7.25% to 11.50%, which he maintains would add $5 billion annually to the city's coffers. There are just a few problems with this. To start with, the mayor of New York City does not actually have this type of taxing power. Mamdani would require the approval of the New York state legislature and governor. Unfortunately for the mayoral candidate, New York Governor Kathy Hochul, who is up for reelection in 2026, has stated her opposition to Mamdani's proposed tax hikes and has not endorsed her fellow Democrat. A further possible problem with Mamdani's revenue projections is failure to take into account the possibility, if not the probability, that many high earners will leave NYC to escape the added tax bite. This form of 'voting with your feet' has had far from trivial results in the past. For example, in the five years through 2022, California had a combined estimated net personal income tax loss of $5.3 billion, opens new tab, with the majority of high-earners decamping for lower-tax states like Texas, Arizona and Nevada. Another example is when hedge fund manager David Tepper switched his residence from New Jersey to Florida in 2016. Some state officials estimated that the vanished income tax dollars were in the hundreds of millions, opens new tab. Policymakers should also not count on high earners' sentimental attachment to the Big Apple deterring them from pulling up stakes to save on taxes. There have been notable cases of individuals renouncing their U.S. citizenship altogether for that purpose, including Facebook cofounder Eduardo Savarin, mutual fund magnate John Templeton, Carnival Cruise Lines founder Ted Arison and even Monty Python member Terry Gilliam, although the latter also characterized the move as a protest against policies of then-President George W. Bush. Another financial fallacy has been making the rounds not by Mamdani himself but by pundits discussing his funding plans: the confusion between a stock and a flow. Several leading news organizations referred to his envisioned 2% tax hike on million-dollar-a-year earners as a 'millionaire tax.' However, 'millionaire' does not describe a person who earns one million dollars or more annually. Rather, it is an individual with a net worth of at least that amount. This matters not only because the distinction between the income statement and the balance sheet is a concept explained in the earliest sessions of an introductory accounting course, but also because the error obscures the important fact that wealth is actually quite hard to tax, particularly in the United States. U.S. Senator Elizabeth Warren, U.S. Representatives Pramila Jayapal and Brendan Boyle in 2024 proposed a tax, opens new tab based on wealth rather than income. It would assess a 2% tax on every dollar of net worth above $50 million and 6% on every dollar of net worth above $1 billion. The impetus behind this proposal is that vast amounts of wealth have been created not by ordinary income, but instead by capital gains that have never been realized for tax purposes. While it is not unreasonable to have concerns about wealth concentration, the solution here once again may prove unworkable or cause more problems than it solves. First, wealth taxes have generally been regarded as unconstitutional in the U.S., because they are usually considered an 'unapportioned direct tax'. Though, to be fair, a 2024 Supreme Court ruling was interpreted by some, opens new tab as opening the door to this method of raising revenue. Putting constitutional matters aside, applying a tax on unrealized gains would also face enormous administrative challenges. Listed stocks could be valued with daily, market-determined price quotations, but it would be much harder to assess the value of items such as collectibles, intellectual property, and privately held businesses. It is easy to foresee how taxation of unrealized capital gains could lead to an explosion of litigation between taxpayers and the Internal Revenue Service, a potentially huge deadweight on the U.S. economy. In summary, policies rooted in a flawed understanding of economic theory and economic reality are unlikely to do anything to help address real concerns, such as affordability in NYC or wealth concentration nationally. Otto von Bismarck aptly called politics the art of the possible. Politicians that operate instead in the realm of the impossible can – and often do – get elected. But just as there is a significant difference between having a million dollars and earning a million dollars each year, there is a huge gap between a promise and a solution. (The views expressed here are those of Marty Fridson, the founder of FridsonVision High Yield Strategy. He is a past governor of the CFA Institute, consultant to the Federal Reserve Board of Governors, and Special Assistant to the Director for Deferred Compensation, Office of Management and the Budget, The City of New York.). Enjoying this column? Check out Reuters Open Interest (ROI), opens new tab, your essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis of everything from swap rates to soybeans. Markets are moving faster than ever. ROI, opens new tab can help you keep up. Follow ROI on LinkedIn, opens new tab and X., opens new tab
The Guardian
2 hours ago
- The Guardian
Are US tariffs starting to bite? Trump, in denial over rising prices, targets Fed chief Powell
Memo from the White House: inflation is 'right on track', it declared this week, citing the latest official data. Price growth is now 'very low', according to Donald Trump. The actual statistics paint a markedly different picture. Just six months after he regained power, in part by promising to rapidly reduce prices, Trump has presided over the chaotic rollout of tariffs on an array of overseas products that many have argued risk having the exact opposite effect. After a lull, the consumer price index (CPI) is back on the rise. In June, everything from fruit and washing machines to dresses and toys became more expensive. Businesses in the US and around the world have struggled to keep up with the Trump administration's erratic rollout of its aggressive trade strategy: the daily White House soap opera of warnings, threats, confusion, deadlines, delays and drama. Putting to one side the steady stream of twists, cliffhangers and all-caps declarations, each episode has pushed US tariffs higher. The overall average effective tariff rate is now set to hit 20.6%, according to the non-partisan The Budget Lab at Yale, its highest level since 1910. Eventually, someone has to foot the bill. By Trump's telling, the countries he targets will be forced to pay up. But in reality, tariffs are paid by the importer – US-based companies, in this case – and often passed on. Tariffs are a burden. One way or another, the impact typically is felt along each link of the supply chain, from the initial manufacturer to the customer who buys the finished product. 'All through that chain, people will be trying not to be the ones who pick up the cost,' noted Jerome Powell, the Federal Reserve chair, at a recent press conference. 'But ultimately, the cost of the tariff has to be paid and some of it will fall on the end consumer,' added Powell. 'We know that. That's what businesses say. That's what the data says from past evidence. So we know that's coming.' The effect is not immediate, though. It might take Trump a matter of minutes to announce a tariff on Truth Social, but the full effects can take months to work their way through the economy. And so Powell, and the Fed, has waited. For seven months now, at four consecutive meetings, the US central bank's policymakers have sat on their hands and kept interest rates on hold. After dramatically raising rates to combat inflation, they want to see how prices respond to Trump's tariffs before cutting them back. It's early days. Prices are still rising, and by more than the Fed's target of 2% each year. Officials want to know if Trump's plan will make them rise faster. The evidence has so far been mixed. While consumer price growth accelerated slightly between May and June, the annual rate of wholesale price growth slipped. The Fed's latest 'beige book', a semi-quarterly report of anecdotal economic insights from across the US, also released this week, described a relatively calm business landscape, despite persisting uncertainty. Assuming Trump's announced tariffs are enforced, they will dent US economic growth by 0.1 percentage point this year and 0.3 percentage points next, according to modeling by Oxford Economics. 'The drag on the economy is predominantly tied to core inflation, which will temporarily be 0.2bps [basis points] higher than in the current baseline,' said its chief US economist Ryan Sweet. 'Though the boost to consumer prices is modest, it still reduces growth in real disposable income and, by extension, consumer spending.' Inside the Fed's headquarters in Washington DC, Powell and his officials are patiently monitoring the data while deciding their next steps. But less than a mile away, one man is not prepared to wait. In a series of increasingly bitter attacks, Trump has publicly lambasted Powell for being 'too late' to cut rates, and claimed the Fed's inaction is costing the US economy. He has called on Powell (whom he first tapped to be Fed chair in 2017) to quit, and unnerved Wall Street by raising the prospect of firing him. Bharat Ramamurti, former deputy director of the National Economic Council under Joe Biden, said: 'If you replace Jay Powell with someone who is clearly doing whatever Donald Trump wants them to do, expectations about what inflation is going to do in the long run are going to spike and that's going to create a real problem for the Fed in the long term.' The supreme court signaled it views the Fed chair as legally shielded from presidential removal, describing the central bank as a 'uniquely structured, quasi-private entity' in a May ruling about two of Trump's other firings. Trump is 'highly unlikely' to fire Powell, he has asserted, before floating one reason he might have to go: a $2.5bn renovation of the Fed's buildings. 'I mean, it's possible there's fraud involved,' the president claimed. Powell has reportedly asked the central bank's inspector general to review the project. Powell is due to finish his term in May, and has stressed he will remain in post until then. Advocates of the Fed's independence insist the more important question is not whether the president can remove him before then, but if he should. 'Once you no longer have the check of the central bank, which can raise interest rates as needed to curb inflation, you really start to raise the specter of runaway costs, runaway inflation, and it makes the US economy less attractive for investors domestically and abroad,' said Ramamurti. Inflation is 'right on track', according to his administration. Economists are already concerned it is tilting off course – and Trump won't rule out taking action that critics warn would shunt it off the rails altogether.
Glasgow Times
3 hours ago
- Glasgow Times
Lidl, Asda, Amazon, TK Maxx & more issue UK recall warnings
The Office for Product Safety and Standards (OPSS) has issued a number of recalls, including on products sold at some of the UK's biggest retailers. We have rounded up the recalls you should be aware of. If you have purchased any of the products below, please stop using them immediately, and contact your retailer, or see the full recall notices for more information. TK Maxx recall TK Maxx shoppers have been warned to stop using one of the stores products immediately after it was revealed that it contained a potentially harmful chemical. The Byblos Blu eua de toillete perfume contains Hydroxyisohexyl 3-cyclohexene Carboxaldehyde, also known as Lyral or HICC. The compound is not authorised for use in cosmetics manufacturers in Europe due to the risk of allergic reactions in sensitised individuals. The recall affects the perfumes with TJK style numbers of 898378,898370 and 898365. (Image: TK Maxx) The Byblos Blu eua de toillete perfume was sold in TK Maxx stores between January and March 2025. A spokesman for the Office for Product Safety and Standards (OPSS) said: 'The product presents a risk to consumers health due to the fact it contains Hydroxyisohexyl 3-cyclohexene Carboxaldehyde, also known as Lyral or HICC. 'This is not authorised for use in cosmetics manufactured in Europe due to the risk of allergic reaction in sensitised individuals. Recommended Reading: 'The product has been recalled from end users by TK Maxx. ⚠️ Product Recall: Byblos Blu Happy Hour Eau De Toilette sold by TK Maxx (2503-0192) presenting a risk to consumers health as it contains Hydroxyisohexyl 3-cyclohexene Carboxaldehyde, also known as Lyral or HICC.⚠️ #ProductRecall — Office for Product Safety and Standards (@OfficeforSandS) July 5, 2025 'If you have purchased this product, please stop using it immediately and return to any TK Maxx store.' A TK Maxx spokesman added: 'If you have purchased this product, please stop using it immediately and return to any TK Maxx store. 'You can get a full refund or replacement.' Amazon recalls There are two recalls for products sold by Amazon. The first is an updated alert, issued by the FSA for Orgenism Eggshell Membrane Capsules, because Salmonella has been found in the product. Their update this week said: "This update is to make consumers aware that the Salmonella found in this product has been linked to human illness after consumption of the product. The Salmonella found is resistant to several antibiotics, therefore particular disposal routes are required. "This update is to make consumers aware of additional online platforms selling this product. The product is sold on Amazon and on the Orgenism website." Thursday 3 July 2025. Update 2 - Orgenism recalls Eggshell Membrane Capsules because of contamination with Salmonella #FoodAlert — Food Standards Agency (@foodgov) July 3, 2025 The second recall is for a piece of jewellery sold via Amazon. This has been removed from sale because it contains a 'serious chemical risk' which could cause cancer. The affected jewellery is a Dervivea metal ring and earings with Amazon codes B0CT21SWWY (Ring) and B0DHV43HC3 (Earrings). The product presents a 'serious risk chemical risk' as it contains butylphenyl methylpropional, which is prohibited in cosmetic products. An OPSS spokesman said: 'The products present a serious chemical risk as the cadmium content was found to be greater than the maximum permissible limit in both the metal ring and metal earrings. 'Cadmium is harmful to human health as it accumulates in the body, can damage organs and may cause cancer. 'Owners of the product are advised to contact the distributor they purchased from to request redress. The listing has been removed by the online marketplace (Amazon).' Lidl recall (Image: Andrew Matthews/PA Wire) Lidl has issued an urgent recall as a popular air fryer sold at the supermarket could be a potential 'fire hazard'. The supermarket is recalling the Tower eight litre dual basket air fryer which is sold in its stores. The affected air fryers have a product code of T17129L. No other Tower products sold at Lidl stores are impacted by the recall. Tower is recalling the products 'due to risk of overheating', the retailer said. It added that this could ultimately 'present a fire hazard' to shoppers who bought the item. 'If you own one of the affected models, please stop using it immediately,' Lidl said in the recall notice. Customers who bought affected air fryers have been urged to contact the supplier directly through They will then be able to see if their particular product has been affected and can access instructions for returning it. The retailer added: 'We apologise for any inconvenience caused and thank you for your cooperation.' Sainsbury's recall Three popular products sold at Sainsbury's supermarkets across the UK have been recalled, as shoppers were told to 'stop using them immediately'. All of the recalled products present a fire risk, the recall warnings state. The Bosch Styline Toaster has been recalled due to a technical fault which can cause the electronics to overheat and could cause a toaster fire. (Image: Owen Humphreys/PA Wire) The affected products have codes of TAT8613GB and TAT8611GB, and the recall affects the white and black versions of the toaster. A recall statement from producers Bosch, said: 'Bosch (BSH) is voluntarily recalling the above Styline Toaster models produced from October 2021 to April 2023 as the quality checks have revealed a technical fault which can cause the electronics to overheat and could cause a toaster fire. 'To minimize safety risks, please disconnect any affected toaster from the mains supply immediately and do not use it. 'For further details or if you have any questions, you can contact the customer care team on 01536 436236. 'Or if you would like to request a call back please email your contact details at bosch-toaster-action@ and one of Bosch team members will contact you. 'Bosch thank you for your understanding.' ⚠️Here is our monthly recall roundup for June⚠️ Visit for more information.#ProductRecalls #UkRecallsAndAlerts — Office for Product Safety and Standards (@OfficeforSandS) June 27, 2025 Sainsbury's warned shoppers that they had been informed of an issue affecting specific units of rechargeable blenders from Nutribullet. A spokesman said: 'A small number of units have been identified as having a battery defect that could overheat during charging, creating a potential fire risk. 'Please stop using the item immediately, and check if you have an affected product by locating the serial number on the base of the blender. 'Please visit to verify if your blender is potentially affected and if so, register to receive a replacement product free of charge." The Air Fryers affected by the Tower recall have SKUs of 141407023 and 139987372, and both the 2.2 litre and 4 litre Tower Air Fryer are included in the recall. A Sainsbury's spokesman said: 'We have been requested by Tower to alert you to a product recall impacting three Tower branded air fryers produced between January 2022 to April 2023. 'A small number of units have been identified as having a potential manufacturing default that could cause the air fryer to overheat and pose a fire risk. 'Please stop using the item immediately, and check if you have an affected product by locating the product number on the base of the air fryer. 'Once you have identified that your product is impacted. Please visit to see if the batch number means it is included in the recall. 'If it is, follow the instruction on how to return your affected product. We take the quality and safety of our products extremely seriously and would like to apologise to customers affected for any inconvenience this may cause. 'No other batches are affected by this recall.' Recommended Reading: Asda recall A George at Asda product has been recalled from all stores across the UK, and anyone who has purchased it has been urged to 'stop using it immediately'. The supermarket giant has pulled the product from its stores and is asking anyone who owns it to return it to a store for a full refund. The Office for Product Safety and Standards warned that the George Baby 3-Pack Rompers with Zip sold by Asda presents a 'risk of injuries'. The recall affects all sizes of the rompers up to 24 months and impacts the following barcodes: 5059201506212, 5059201505772,5059201506137, 5059201506151, 5059201506175, 5059201505796, 5059201506113, 5059201506199, 5059201505772, 5059201506137, 5059201506151, 5059201506175, 5059201505796, 5059201506113, 5059201506199. ⚠️Here is our monthly recall roundup for May⚠️ Visit for more information.#ProductRecalls #UkRecallsAndAlerts — Office for Product Safety and Standards (@OfficeforSandS) May 31, 2025 A warning from The Office for Product Safety and Standards says: 'The product presents a risk of injuries as some of the zips have sharp edges. This may lead to babies becoming scratched and injured during use. "The product does not meet the requirement of the General Product Safety Regulations 2005. "Consumers are advised to return the product to their nearest ASDA store for a full refund." Recommended Reading: An Asda spokesman added: 'George Baby 3PK Zip Rompers (all sizes up to 24 months) has been identified with a manufacturing issue. "Some of the zips may contain sharp edges, which poses a risk of injury. This issue affects ALL sizes. "If you have purchased the George Baby 3PK Zip Rompers from Asda, please stop using immediately. "Bring it back to your nearest store where you will be given a full refund. You do not need your receipt. We are very sorry for any inconvenience caused. "If you would like any further information, please contact: Asda Customer Relations – 0800 952 010" Matalan recall Matalan has recalled a product which could cause 'strangulation' as customers have been told to 'stop using it immediately'. The Office for Product Safety and Standards (OPSS) confirmed that Matalan was recalling some its boys' swimwear due a 'risk of entrapment and strangulation due to the length of the functional draw cords'. These are the affected product names and item numbers: Shark Rash Vest & Short Blue - B369646/647 Seersucker Swimshort Blue - B369742/743 Boys Tie Dye Swimshorts - B369750/751 A Matalan spokesman said: 'It has come to our attention that the above Boy's swim shorts do not meet our usual high standards for quality and safety. (Image: Matalan) "If you have bought any of the swim shorts shown, please do not use and return immediately.' An OPSS spokesman added: 'The products present a risk of entrapment and strangulation due to the length of the functional draw cords. 'The products do not meet the requirements of the General Product Safety Regulations 2005. 'If you have purchased any of the affected boys' swimwear, please stop using it immediately and return it to your nearest Matalan store for a full refund. 'You will not need to produce a receipt.'
