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Economy

“US food banks struggle to feed hungry amid surging prices”

“U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation. The higher costs and limited availability mean some families may… Continue Reading…

Economy

“Global Food Prices Set To Soar As The Oil And Gas Crunch Continues”

“The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their… Continue Reading…

Economy

“A record 4.3 million workers quit their jobs in August, led by food and retail industries”

“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to… Continue Reading…

Economy

“Food is getting more expensive in the U.S…”

“…Even though beef prices have been rising, farmers and ranchers have been making less money, the White House said. Climate change, labor issues, transportation concerns and other supply chain disruptions have been contributing to the rising costs over the past several… Continue Reading…

Economy

“U.S. Food Suppliers Are Having Trouble Keeping Shelves Stocked”

“Some of the largest U.S. food distributors are reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain. Sysco Corp., North America’s largest wholesale food distributor, is turning away customers in some areas where demand… Continue Reading…

Stocks

“Shares of Indian food delivery start-up Zomato jump over 80% in market debut”

“Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday. The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees on… Continue Reading…

Economy

“Raised Menu Prices: Food Is Getting More Expensive”

“EDITOR NOTE: Here’s what to look forward to this summer: higher grocery bills, raised menu prices in restaurants, and reduced food package sizes for the same prices. Just about every company in the food services industry is experiencing an uptick… Continue Reading…

Economy

“Soybean futures have been surging on Chinese demand, trade group CEO says buying could continue”

“Global soybean demand has been robust recently, with new American crop sales at record levels, said Jim Sutter, CEO of the U.S. Soybean Export Council. On Tuesday, prices of U.S. soybean futures rose to their highest levels since 2018 after the U.S. Department… Continue Reading…

Business

“Papa John’s agrees to open 49 new sites as sales surge…”

“The company announced Thursday a deal in which franchisee HB Restaurant Group will open 49 new locations in Philadelphia and southern New Jersey by 2028. It’s one of Papa John’s biggest such deals in two decades. HB Restaurant Group currently… Continue Reading…

Business

“52 former franchisees sue McDonald’s for racial discrimination”

“More than 50 former McDonald’s franchisees are suing the fast-food giant for racial discrimination, alleging it denied them the same opportunities as White operators and pushed them out of the system. The 52 Black plaintiffs claim that McDonald’s violated federal anti-discrimination law… Continue Reading…