Ohio man accused of stealing $15M in groceries from Missouri chain and sabotaging stores
ST. LOUIS, MO – A grocery store owner from Ohio has been indicted and arrested for allegedly defrauding a Missouri-based supermarket chain out of more than $15 million in inventory, then sabotaging…
Big Oil CEOs Thumb Nose At Green Energy Transition, Say Fossil Fuels Still Have ‘Essential Role’
Executives of major oil companies slammed the aggressive global push to renewable forms of energy and warned that such policies could crash economies. Crude oil and natural gas continue to be key…
FedEx Predicts Record Holiday Delivery Season Amid Continuing Labor And Supply Chain Concerns
FedEx predicted that Monday will be a record day for deliveries for the 2021 holiday season, company executives told CNBC. “We’ve seen a lot of people actually starting their Christmas shopping in…
Washington Post Contributor Says Gas Prices ‘Actually Aren’t That High’
The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are a consequence of inflation, which affects all…
Walmart Executive Leaving Company After 22 Years As It Prepares For Busy Holiday Season And Growing Supply Chain Issues
Walmart announced Monday that Executive Vice President and Chief Financial Officer Brett Biggs would leave the company after working over two decades at the world’s largest retail business. Biggs, who joined Walmart…
NBC reports booze shortage as bottle backlog keeping wine and spirits off store shelves
NBC reports a booze shortage that could last through the entire holiday season as wineries tackle a bottle shortage.…
Dollar Tree Says It’s Raising Prices For The First Time In 35 Years Amid Surging Inflation
Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the first time in 35 years. The dollar store will raise its prices…
Cereal Giant To Raise Prices Next Year, Making Cheerios And Other Foods More Expensive
Another cereal giant will increase prices for many of its popular brands earlier than expected, according to CNN. General Mills notified at least one of its major wholesale suppliers that prices increases…
Supply Chain problems won’t affect Florida stone crabs from being shipped across America this holiday season
Acapella Seafood Co., an industry leader in sourcing South Florida’s freshest stone crab claws, is sharing this luxurious treat across the nation, just in time for Thanksgiving dinner. Acapella Seafood Co.’s fresh-caught stone crab…
Retail Sales Grew In October As Shoppers Faced Higher Prices Entering The Holiday Season
U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season. Retail sales, a measure of how much consumers spent on goods, increased…
Ty avoids Beanie Baby shortage by air shipping deliveries for 2021 to outmaneuver the Biden Supply Chain Crisis
Ty Warner, owner of the largest manufacturer of soft toys in the world, today revealed his own unique strategy for confronting the global supply chain crisis. Going his own way – as…
Granholm Says Biden Is ‘All Over’ Gas Prices, Can’t List Any Policies To Lower Prices
Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a single administration policy aimed at lowering energy costs. “The president is all…
The left flips out over Rittenhouse judge’s Asian food, Biden supply chain crisis joke
Working on a tight schedule this week, Judge Schroeder dismissed the court in the Kyle Rittenhouse murder and self-defense case after ordering Asian food for lunch. Realizing the time crunch and hoping…
Cereal Giant Raises Prices Due To Inflation, Supply Chain Problems And A Labor Strike
Cereal giant Kellogg announced Thursday that it expects to raise prices as inflation, supply chain problems and a recent labor strike boosted the company’s expenses. Nearly 1,500 workers went on strike at…
Democrats’ Plan To Pass $1.75T Spending Package Collapses Amid Intraparty Disagreements
House Democrats’ plan Friday to pass both the bipartisan infrastructure package and President Joe Biden’s social-safety net bill collapsed after a handful of moderates refused to vote on the $1.75 trillion budget…
Leader of Drug Trafficking Organization Sentenced to 20 Years in Federal Prison for Supplying Heroin To Open-Air Market on Chicago’s West Side
CHICAGO — The leader of a drug trafficking organization has been sentenced to 20 years in federal prison for supplying heroin to an illegal open-air market on the West Side of Chicago.…
US Trade Deficit Hits New Record As Inflation Grows And Supply Chain Issues Worsen
The U.S. trade deficit hit a record high of $80.9 billion in September as exports fell sharply while imports increased amid supply chain problems and growing inflation. The trade deficit of goods…
U.S. Consumer Spending Grew Slowly In September Amid High COVID-19 Cases, Supply Chain Problems and Rising Inflation
U.S. consumer spending growth slowed in September, and income dropped due to high COVID-19 cases, supply shortages, rising inflation, and ending unemployment benefits. Consumer spending increased 0.6% in September, down from a…
US Economic Growth Slowed To 2% In Third Quarter As Supply Chain Worsens
The U.S. economy grew at a 2% rate in the third quarter of 2021 as supply chain issues and the delta variant slowed gains. The U.S. gross domestic product (GDP), a measure…
Inside Biden’s revised Build Back Better plan, here’s what he’s selling now
As President Biden meets on Capitol Hill to strongarm Democrats, here is what his new Build Back Better “framework” does, says Rep. Kevin Brady (R-TX), Republican leader of the House Ways & Means…
The Supply Chain Crisis Could Threaten Rural America’s Internet Access
The telecommunications industry, like other sectors, is suffering from ongoing supply chain chaos, with equipment delays and heightened costs endangering efforts to bring internet access to rural America. AT&T announced in August that…