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Inflation

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Record-High Egg Prices Likely To See New Increases: What To Know Record-High Egg Prices Likely To See New Increases: What To Know
Record-High Egg Prices Likely To See New Increases: What To Know Across the country, grocery shoppers are facing sticker shock and empty shelves as egg prices continue to skyrocket.  Once an affordable staple, eggs have become increasingly expension -- and sometimes, even difficult to find — and the situation is only expected to worsen. The surge in egg prices is being driven by a combination of inflation and a devastating outbreak of avian influenza, better known as bird flu. The H5N1 virus, which made its way to the United States in 2022, has infected or killed millions of birds and infected many other animals In just the last three months, more…

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by Joe Lombardi
Business
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse
Store Closings Surge To Highest Level Since Pandemic: Why 2025 Could Be Worse Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said. A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores.  "Retailers that were unable to adapt supply chains and implement t…

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by Chris Spiker
Business
Rise In Food Prices Goes Beyond Eggs: Here’s Rundown Rise In Food Prices Goes Beyond Eggs: Here’s Rundown
Rise In Food Prices Goes Beyond Eggs: Here’s Rundown Eggs are not the only food product seeing a sharp increase in prices. December grocery prices were nearly 28 percent higher than five years ago, reflecting how much harder families are finding it to manage their everyday expenses, The Wall Street Journal reports.  According to Labor Department data, grocery prices surged 1.8 percent year-over-year in December, marking the fastest increase in over a year, The trend started just after the COVID-19 pandemic began in 2019, mainly due to pandemic-related supply chain issues. According to a Trace One analysis of US Bureau of Labo…

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by Joe Lombardi
Lifestyle
Why Are Americans Dining Out Less? A Closer Look At Changing Habits Why Are Americans Dining Out Less? A Closer Look At Changing Habits
Why Are Americans Dining Out Less? A Closer Look At Changing Habits Rising costs and shifting priorities are reshaping how Americans approach dining out.  Reports reveal a notable decline in restaurant visits, particularly among middle-class families and younger generations. Here are key factor driving the decline: Rising Menu Prices: Inflation has notably driven up the cost of dining out significantly. According to Yahoo Finance’s “6 Reasons the Middle Class Can’t Afford To Dine Out Anymore,” soaring food prices have left many consumers rethinking their restaurant habits. Economic Pressures: Broader inflationary trends are squeezing househo…

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by Joe Lombardi
Business
Big Lots Reaches Deal To Keep Hundreds Of Stores Open Big Lots Reaches Deal To Keep Hundreds Of Stores Open
Big Lots Reaches Deal To Keep Hundreds Of Stores Open Big Lots has announced a major development following its September bankruptcy filing. The discount retail chain says it's entered a strategic agreement with Gordon Brothers Retail Partners and Variety Wholesalers to preserve the brand, save thousands of jobs, and keep hundreds of stores open. Variety Wholesalers, known for its portfolio of retail brands, plans to acquire between 200 and 400 Big Lots locations, along with up to two distribution centers. There are about 1,400 Big Lots stores nationwide. The transition ensures Big Lots can transfer key assets and maintain continuity of its br…

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by Joe Lombardi
Business
Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items
Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items Shoplifting in the US is a costly epidemic, with retailers losing over $120 billion last year. The trend focuses on easily concealed, high-demand products at major retailers like Walmart and Target, posing a nationwide challenge for store owners and law enforcement. Electronics, health and beauty products, and food items are among the most commonly stolen goods, Capital One Shopping reports.  Small gadgets such as headphones and phone chargers, alongside over-the-counter medications and cosmetics, are frequent targets.  Alcohol, baby formula, and packaged meats are also popular …

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by Joe Lombardi
Politics
Election 2024: Ryan Mackenzie Elected To Congress Election 2024: Ryan Mackenzie Elected To Congress
Ryan Mackenzie Elected To Congress Election Day 2024 is in the books, and Pennsylvanians have chosen their next representatives in Congress, with the race in the 7th Congressional District decided after the incumbent conceded. In the commonwealth’s 7th congressional district race, Ryan Mackenzie defeated Susan Wild for the House seat representing Carbon, Lehigh, and Northampton counties, and portions of Monroe County. Mackenzie was leading his democratic party opponent by a margin of 50.7% to 49.3%, with 99% of the vote as of 9:30 a.m., Wednesday, Nov. 6, according to the PA Department of State. Wild conceded at 8:52 a.m. …

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by Merriell Moyer
Politics
Election 2024: Winner Projected For PA's 4th US Congressional District Election 2024: Winner Projected For PA's 4th US Congressional District
Election 2024: Winner Projected For PA's 4th US Congressional District Election Day 2024 is in the books, and Pennsylvanians have chosen their next representatives in Congress, according to multiple outlets' projections based on unofficial results. In the commonwealth’s 4th congressional district race, Madeleine Dean defeated David Winkler for the House seat representing Berks and Mongomery counties, the AP projects. The incumbent was leading her opponent by a margin of 58.5% to 41.3%, with 89% of the vote as of 3 a.m., Wednesday, Nov. 6, according to the PA Department of State.  The 65-year-old has represented the district since 2019, after having …

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by Jillian Pikora
Business
Big Lots To Close 4 More Pennsylvania Stores Big Lots To Close 4 More Pennsylvania Stores
Big Lots To Close 4 More Pennsylvania Stores It's more bad news for discount retailer Big Lots.  The national chain previously announced plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC), but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in Pennsylvania. In an updated term sheet Big Lots filed with the SEC on Friday, Aug. 2, the company detailed that it would need to close 20 percent of its 1,392 stores — about 290 in all  Big Lots has 73 stores located in the Keystone State.  The company cited…

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by Jillian Pikora
News
NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes
NJ Boardwalk Operator Banned 10 Years For Using Overinflated Basketballs, Posting False Prizes A Jersey Shore game operator was banned from business for 10 years and fined $15,500 for over-inflating basketballs and displaying prizes that couldn’t be won, state authorities said. Some basketballs at games owned by Christine Strothers on the boardwalks in Wildwood and North Wildwood packed up to three times the amount of required pounds per square inch of inflation, state Attorney General Matthew J. Platkin said. This, as most players know, can make a ball ricochet wildly off a backboard or rim, the attorney general noted. Strothers also broke New Jersey’s amusement games lic…

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by Jerry DeMarco
Business
Customers Slam Lehigh Italian Restaurant Over Lack Of Transparency After Sudden Closure Customers Slam Lehigh Italian Restaurant Over Lack Of Transparency After Sudden Closure
Customers Slam Lehigh Italian Restaurant Over Lack Of Transparency After Sudden Closure The lights were off and the doors were locked at A Ca Mia when patrons showed up for their reservations over the weekend, they said. No phone call, no social media post. Nothing to let them know that one of their favorite Northampton County Italian restaurants was closing, they said. According to a report by WFMZ, the Lehigh Township restaurant had a sign on the front doors saying it was closed due to the effects of COVID and inflation as of Saturday, Jan. 28. The restaurant made a Facebook post on Jan. 12 saying only that its hours were changing. As of Saturday, Jan. 28, it had apparently…

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by Cecilia Levine
News
Dr. Oz Goes To Wegner's? Or Did He Mean Wegman's? Or Redner's? In Bizarre Viral Video Dr. Oz Goes To Wegner's? Or Did He Mean Wegman's? Or Redner's? In Bizarre Viral Video
Dr. Oz Goes To Wegner's? Or Did He Mean Wegman's? Or Redner's? In Bizarre Viral Video A video television personality and Republican US Senate candidate for Pennsylvania, Dr. Mehmet Oz posted on social media in April 2022 has gone viral in August as Lt. Governor and Democratic candidate vying for the same seat, John Fetterman, turns the doctor's flob into fodder as campaign merchandise.  "I'm at Wegner's," Oz says at the start of the strange clip filmed in a supermarket.  He appears to have conflated the names of two grocery store chains — Redner’s and Wegman's — creating an imaginary third market called “Wegner's," the key word being imaginary as there is no Wegner's. The …

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by Jillian Pikora
News
Pauly D Talked Inflation On Fox News And The Internet Is Having A Field Day Pauly D Talked Inflation On Fox News And The Internet Is Having A Field Day
Pauly D Talked Inflation On Fox News And The Internet Is Having A Field Day Memes are here. MTV's "Jersey Shore" star DJ Pauly D knows a thing or two about inflation: That it's getting out of hand. At least, that's what he told Fox News' Jesse Watters on a segment that aired last week, where he also shared his thoughts on when kids should be kicked off their parents' payroll, tough love and — of course — tanning. The 5-minute interview with Pauly, whose real name is Paul Delvecchio, aired in late April, but gained traction among the youth this week.  And the internet can't get enough. Ah yes, the inflation guru: DJ Pauly D. https://t.co/a3Ah6oJ4NG — Jeff Drig…

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by Cecilia Levine