Photo: Stokkete (Shutterstock) In case you haven’t choked on your own gasps after seeing the price of bacon recently: Groceries are expensive right now. The US Bureau of Labor Statistics recently reported that “food prices increased 7.9% for the year ended February 2022, the largest 12-month advance since July 1981.” That’s the highest rate of […]
A rapidly escalating bird-flu outbreak in the US is contributing to a surge in egg prices and threatens to raise prices on other poultry products in the coming months as deaths continue to mount. Cases of highly pathogenic avian influenza so far have led to the deaths of more than 17 million birds, according to […]
Inflation is hot just like the job market, but the March jobs report showed there aren’t a lot of jobs where wage growth is standing up to heated prices. That is, with some exceptions — which may hint a lot about where consumer demand is going as pandemic concerns fade. In a healthy-looking jobs report […]
Fast food chains try a lot of things. Most of them fail. Some of them come and go without getting that much attention, while others become punchlines for decades. McDonald’s (MCD) – Get McDonald’s Corporation Reportfor example, once offered Fish McBites, a fish-based take on the Chicken McNugget. That one barely made a ripple and […]
Text size Uncredited Earnings highlights this week include Nike on Monday, Adobe on Monday, General Mills on Wednesday, and Darden Restaurants on Thursday. Nvidia will hold an investor day on Tuesday and Moderna will host an event Thursday to discuss its vaccine pipeline. Economic data out this week will include the Census Bureau’s new-home sales […]
Domenico “Dom” DeMarco, the founder of Brooklyn’s famed Di Fara Pizza, has died at 85. DeMarco’s daughter Margie Mieles shared the news on social media Thursday. “It is with a broken heart that I must share that he has left my mom, my brothers, my sister, myself and all those that loved him because it […]
Howard Schultz is returning to lead Starbucks Corp. SBUX 5.16% for a third time, saying the company he helped become the world’s largest coffee chain needs to reinvent itself once more. Mr. Schultz, who built Starbucks from a handful of Seattle-based coffee shops to a global giant before retiring as executive chairman in 2018, will […]
Several top executives are leaving Chobani Inc. as the yogurt maker puts plans for its initial public offering on hold. President and Chief Operating Officer Peter McGuinness told employees last week that he is leaving the company effective Friday to pursue other opportunities, according to people familiar with the matter. Chobani’s Chief People Officer Grace […]
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