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74°
Monday, jun 15
Tag:
Price increase
Business
HBO Max Raising Prices As Warner Bros. Discovery Explores Sale
HBO Max is raising its subscription costs as the latest streaming service to implement price hikes. Warner Bros. Discovery announced that the HBO Max Basic with Ads plan will rise to $10.99 per month or $109.99 per year. The Standard plan will climb to $18.49 per month or $184.99 per year, while the Premium plan will cost $22.99 per month or $229.99 per year. The higher prices go into effect for new subscribers on Tuesday, Oct. 21. Current customers will pay the higher prices after their next billing cycle on or after Thursday, Nov. 20. Each increase adds between $1 and $2 month…
Business
Oreo, Reese's Thrill Fans With New Crossover Snacks: When You Can Get Them
After years of hints, hacks, and wishful thinking, two of the country's most iconic snacks are making things official. Reese's Peanut Butter Cups and Oreo announced a long-awaited collaboration on Wednesday, July 30. Candy and cookie fans will soon enjoy two new products combining the widely popular chocolate and peanut butter treats. The Reese's Oreo Cup and the Oreo Reese's Cookie will have their "hard launch" on Tuesday, Sept. 2. "When we heard the incredible demand for a Reese's and Oreo mashup, we knew we had to make magic happen," said Dan Mohnshine, the vice president of US con…
Business
Hershey Raising Candy Prices By Double Digits: Here's Why
Hershey is significantly raising prices on candy products as global shortages fuel a large spike in cocoa costs. A spokesperson for The Hershey Company confirmed the double-digit price increases to the Daily Voice on Wednesday, July 23. The decision is tied to rising ingredient costs, not President Donald Trump's sweeping tariffs that have increased prices of other consumer goods. While the eastern Pennsylvania company said it will hike prices, Halloween candy won't be affected. "We're committed to delivering the treats consumers love while continuing to invest in making our products …
Business
Peacock Reportedly Making Biggest Price Hike Yet: Here's What You'll Pay
The home of "Love Island," Premier League soccer, and many popular movies is about to get more expensive. Peacock is raising its monthly rates by $3 starting on Wednesday, July 23, Vulture reported. It's the biggest price hike since the NBC streaming platform launched in 2020. The ad-supported Peacock Premium plan will climb nearly 40% to $10.99, while the ad-free Premium Plus tier will jump about 20% to $16.99. The new prices take effect for new and returning customers on July 23, while current subscribers will see the hike on or after Thursday, August 22, depending on billing. …
Business
Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs
As President Donald Trump embarks on a sweeping worldwide trade war, American consumers are bracing for a significant financial impact that is expected to go well beyond sinking stocks. The administration’s newly announced tariffs, set to take effect almost immediately, will raise prices on a broad spectrum of goods, leaving households to wonder just how much more they will pay at the register. The impending tariffs are expected to affect nearly all imports, with a minimum 10 percent increase on goods from various countries. However, the most substantial hikes will target products fr…
Business
Microsoft 365 Raises Prices For First Time In 12 Years: Here's Why
The Microsoft 365 bundle price is increasing in the U.S. for the first time in a dozen years as the tech giant adds artificial intelligence tools into longtime products like Microsoft Word. The cost of Microsoft 365 Personal and Family subscriptions will rise by $3 per month, the company said in a blog post on Thursday, Jan. 16. It's the first price change since the software bundle launched in 2013 under the name "Office 365". Existing subscribers will see the adjustment at their next renewal. "We understand that our customers have a variety of needs and budgets, so we’re committ…
Business
Proctor & Gamble Plans Price Hikes For These Products
Proctor & Gamble plans to raise prices on some of its products, according to a new report. CNBC reported last week that the company has announced plans to raise prices on fabric care products, such as Tide detergent, and certain personal health care products. The rise in prices of fabric care products is set to take effect on Monday, Feb. 28, and the rise in prices for personal health care products will take place in April, CNBC reported. The news outlet said P&G has already raised prices across 10 other product categories. CNBC said the decision was made as inflation rates increa…
Business
Covid-
19: Shortages Of Meat, Eggs Could Be Coming, Supermarket CEO Says
A shortage of meat and eggs could impact supermarkets as the COVID-19 pandemic continues to cause supply chain issues, according to the CEO of a grocery store chain. John Catsimatidis, the CEO of supermarket chain Gristedes Foods, told Fox News that the Omicron variant is taking a toll on the supply chain. "What we're seeing the Northeast is price increases," he told the news station. "The prices of eggs are going up, the price of poultry the price of beef, all across the board, because they're supplying the product but increasing the prices to try to control the demand." The Wa…
Business
Dollar Tree Announces First Permanent Price Increase In Decades
Dollar and a Quarter Tree? For the first time in more than three decades, Dollar Tree announced that it will be increasing the prices for most of its items up to $1.25 as the country contends with surging inflation rates. In recent years, dollar stores have been veering away from that moniker, with many upping prices to as much as $3 or $5 for some items. The new prices are expected to be rolled out to each of the company's 8,000 stores by early 2022 after the company tested higher-priced items for months, to which officials said there was a “positive customer reaction,” after attempting…
Business
PepsiCo May Raise Prices Amid Supply Chain Issues, Report Says
PepsiCo may increase prices amid the ongoing global supply chain issues, according to a new report. Reuters reported on Tuesday, Oct. 5, that the corporation's chief financial offer shared that a shortage of cans and bottles in the past few months, along with rising demand, has impacted PepsiCo. Earlier report - COVID-19: Cargo Ships Piling Up At US Ports Amid Supply Shortages For Businesses Issues such as labor shortages and rising demand for certain products during the pandemic have impacted businesses across the country and led to product shortages in some stores. Dozens of cargo s…
Business
Popular Burger Chain Expected To Increase Prices, Report Says
Customers of a popular burger chain can expect to pay a bit more for their orders, as the company is planning to increase its prices soon. Shake Shack CFO Katherine Fogertey said customers will have to pay as much as 3% to 3.5 percent more, a higher increase than previous years, according to Eat This, Not That. The site said the price is expected to change at the end of 2021, and another increase might take place in 2022. The decision was reportedly made to offset the costs of commodities and labor that have risen during the COVID-19 pandemic. Other businesses, such as Chipotl…
Business
Chipotle Increasing Prices In Order To Raise Employees' Wages
Chipotle Mexican Grill is increasing menu prices to cover the costs of raising its workers’ wages, the company announced. Consumers will see price increases of approximately 4 percent at the popular Mexican food chain, with that money being used to increase employees’ paychecks following the company’s announcement that hourly wages for workers would reach an average of $15 by the end of the month. The price hike is likely not to be felt too badly by consumers, with company officials saying that it will amount to quarters and dimes while dramatically boosting their ability to pay employees. …
Business
Covid-
19: Some Popular Household Items Will Soon Cost More Due To Supply Issues
Some prominent household items are going to cost consumers more as companies prepare for potential strains on supplies due to a potential second COVID-19 wave. Proctor & Gamble became the latest company to announce that it plans to hike prices between 4 percent and 9 percent on items that include baby products, adult diapers, and feminine care brands beginning in September. Other items, such as Tide laundry detergent and Charmin toilet paper, may also become more expensive, depending on how the country rebounds from the latest surge of the virus. According to Proctor & Gamble CEO J…
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