President Joe Biden’s strategy for ending hunger in the U.S. by 2030 is being funded in part by companies whose own workers sometimes can’t afford to buy food. The Biden Read more
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Here’s why the Federal Reserve let inflation run up to a 40-year high and how it roiled the stock market this week
This has been a topsy-turvy week for investors as Federal Reserve Chairman Jerome Powell pulled the strings in the stock market with a strong dose of reality. As part of Read more
Food prices keep rising. Food-company execs are betting Americans will keep paying.
Even as rampant inflation in food prices leaches away consumer spending power and disproportionately affects lower-income consumers, food-company executives and Wall Street analysts believe that Americans will continue to buy Read more
Kroger and Albertsons say their merger will help lower prices for struggling consumers. Not everyone is convinced.
The roughly $25 billion planned merger of Kroger and Albertsons, unveiled in October with much fanfare, promised a new entity that would “serve America with fresh, affordable food.” The deal Read more
Biden to encourage Americans to get updated COVID booster as holidays approach
President Joe Biden will launch a fresh push Tuesday to persuade Americans to get the updated COVID-19 booster ahead of the holiday season. He plans to stress that the boosters Read more
Biden to encourage Americans to get updated COVID booster as holidays approach
President Joe Biden will launch a fresh push Tuesday to persuade Americans to get the updated COVID-19 booster ahead of the holiday season. He plans to stress that the boosters Read more
Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons
Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” Read more
Analysts on Walmart’s profit warning: Consumers are buckling under inflation pressure and draining their COVID reserves
The shoe dropped for Walmart on Monday night, when the largest U.S. retailer warned on profits due to the impact of inflation. It wasn’t a total shock given the constant Read more