Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
Several members of the OPEC+ alliance had in November voluntary supply cuts totaling 2.2 million-barrel-per-day cut for the first quarter of this year.
Phillies scrap Dollar Dog Night, cite fan behavior
The Phillies have ended the popular $1 Hot Dog Night promotion, citing "the organization's ongoing commitment to provide a positive experience for all fans in attendance."
Cocoa prices are soaring. Will it affect your Valentine’s Day chocolate? | CNN Business
Cocoa prices are surging so high that even the biggest chocolate makers are struggling to stay profitable. That doesn’t portend well for your wallet this Valentine’s Day.
Egg suppliers ordered to pay $17.7 million by federal jury for price gouging in 2000s
The jury ruled last week that the egg producers used various means to limit the domestic supply of eggs to increase the price of products during the 2000s.
Mattel Results Buoyed by ‘Barbie’; Shares Fall on Outlook
Mattel Inc., riding the success of the Barbie movie, posted quarterly results that beat Wall Street estimates, but the toymaker maintained its full-year sales outlook due to softness in the industry and a weaker global economy.
We can add cork stoppers and bottle screw tops to the world’s changes in supply.As a result, we might be opening our wine bottles differently.Today's econlife blog: https://t.co/CkbihSNYcH#econlife #corks #supplychain pic.twitter.com/J6wEHoo0sb— econlife.com (@Econlife) August 28, 2023
Kraft Heinz to abandon further price hikes as shoppers stretched thin
Kraft Heinz said on Wednesday it would hit pause on further price hikes for its quick-fix meals and condiments, as consumers turn increasingly sensitive to persistently high inflation.
Joe Biden harped on junk fees during the State of the Union. While I do not think it is the problem of our time, I take things in the reference class of resort fees, or fees to have adjacent seats on an airplane, and other such unbundling (and bundling) surprisingly seriously. I am putting up my thoughts here so I have a reference to fall back upon.