Walmart and Costco Wholesale may soon be required to provide information on why their grocery prices are so high. Federal Trade Commission (FTC) Chair Lina Khan is pushing for an inquiry into the ongoing surge in grocery prices that started during the Covid-19 pandemic and that remains a hot topic in this year’s presidential election.

The FTC is coming after high grocery prices

Warren and Casey expressed concerns about what they deemed dynamic pricing from Kroger and other American grocers. “Widespread adoption of digital price tags appears poised to enable large grocery stores to squeeze consumers to increase profits,” they wrote. The politicians also sounded a cautionary note about “sensitive consumer data,” through the use of cameras on ESLs displays.

Senators Probe Kroger About Dynamic Pricing

New Jersey State

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Connecticut State

Capital Chronicles

Stop & Shop, a beloved grocery chain across the Northeast, has announced unexpected closures for 32 underperforming locations by the end of this year. This decision affects stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island, with closures scheduled before November 2.

A well-loved grocery chain has confirmed that it unexpectedly closed some of its stores

Los Angeles, CA

California State

(The Center Square) - The owner of fast-casual food chains Tender Greens and Tocaya filed for bankruptcy, citing California’s $20 per hour fast food minimum wage, inflation, and the state’s empty office districts as contributing factors. The bankruptcy effort is aimed at restructuring and keeping stores open and employees at work.

Two more California chains file for bankruptcy, citing $20 per hour minimum wage

Chesterfield, MO

The US Sun

THE Cheesecake Factory has confirmed that its location in a mall will be permanently closed in just weeks. Along with the beloved American chain, all the other mall stores will shutter as the shopping center shuts down for good. The Cheesecake Factory in Chesterfield, Missouri - around 25 miles from...

The Cheesecake Factory confirms mall location is closing in weeks as all stores are warned to leave ahead of demolition

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

Senators Elizabeth Warren and Bob Casey have sent a letter to Kroger CEO Rodney McMullen to request information about the company’s plans for use of electronic shelving labels. Kroger, like many grocery store chains, have increasingly been using Electronic Shelving Labels (ESLs) to dynamically price products, changing the price...

Lawmakers Request Additional Information Regarding Kroger’s Electronic Shelving Plans

The Independent

 The head of the Federal Trade Commission wants to investigate whether grocery stores could do more to lower prices for Americans, as many shoppers continue to be shocked over their food bills. This month, FTC Lina Khan announced she would seek the investigation, during the first meeting of the Biden administration’s multi-agency Strike Force on Unfair and Illegal Pricing.Khan said that while the pandemic temporarily jacked up labor costs and caused supply chain disruptions, those constraints have eased, but “many items are still too costly, and many large grocery chains are still raking in enormous profits.”“We want to make...

FTC head wants investigation into grocery stores over inflated prices

Ohio State

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

North Carolina State

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Eden, NC

Town Talks

North Carolina is the 28th largest state by area but boasts the seventh-highest number of counties in the country. If you’re searching for an affordable place to call home in North Carolina, you’re in luck. This diverse and picturesque state offers a range of options that won’t break the bank.

North Carolina City Has Been Named the Cheapest Place to Live in The State

Port Richey, FL

Akeena

Florida’s buffet lovers are in for a shocker as the popular Royal Sushi Buffet & Hibachi in Port Richey has been temporarily shut down following a state inspection. This isn’t the first time the eatery has faced such trouble, but the recent closure has sparked quite a buzz among its loyal patrons and food enthusiasts alike.

Live roaches, flying objects in the kitchen and soiled shelves- Buffet closed again in Florida

Bill Simon, Fmr. Walmart U.S. CEO, joins 'Fast Money' to talk Walmart earnings, the retail sector, the state of the economy and more.

Walmart has massive advantage over Target when it comes to food, Say Fmr. Walmart CEO Bill Simon

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

When Shake Shack founder Danny Meyer interviews job applicants, he likes to ask a couple of his favorite questions. First: What's the biggest misperception other people have of you? You can't respond "unless you're willing to share the real you," the restaurateur told organizational psychologist Adam Grant during a March talk at the Wharton School at the University of Pennsylvania, which was released as an episode on Grant's "WorkLife" podcast last week.

Shake Shack founder shares the 2 interview questions he likes asking job candidates: They make you ‘share the real you’

A KROGER shopper got more than they bargained for when they found fuzzy mold on top of some fudge she had just bought. The Kroger customer had more questions than answers after being denied a refund. About a month ago, Marie (@jamericangurl2) bought some Smucker's Fudge and noticed it tasted...

Kroger shopper finds ‘fuzz’ in jar a day after buying it & claims worker can’t issue refund because it’s no longer sold

Georgia State

Atlanta, GA

Daily Coffee Press

A 40-year-old man has been sentenced to over 28 years in prison for distributing significant amounts of fentanyl and other controlled substances to dealers in the Middle Georgia region. Authorities revealed that investigators uncovered evidence linking the drugs provided by the defendant, 40-year-old Lagary Williams, also known as "Frog," from Atlanta, to a fatal overdose.

Atlanta Man Sentenced to 28 Years for Supplying Deadly Fentanyl Linked to Fatal Overdose

Alameda Post

Sky-high rent is among Californians’ biggest concerns. Nearly 30% of tenants spend more than half their income on rent; and the median rent is $2,850 a month, 33% higher than the national average.

California Rent Control Back on the Ballot, Twice

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Vice President Kamala Harris will propose the first-ever federal ban on "corporate price-gouging" in the food industry, her campaign announced. Harris will also pledge that if elected, she will direct the Justice Department to increase scrutiny of potential mergers between grocers and food producers. The ban is part of a...

Harris to propose federal ban on 'corporate price-gouging' in food and groceries

NewsBreak

Kroger plans to lower prices by $1 billion after Albertsons merger closes

Kroger had previously promised to lower grocery prices by $500 million at Albertsons locations. Bloomberg News first reported the development earlier in the...

Kroger plans to lower prices by $1 billion after Albertsons merger closes

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