By Noah Rothstein As producers grapple with higher coffee bean prices, constrained inventories, and other costs, many coffee consumers can expect to pay more for their cups of joe at supermarkets and cafes. Retail brands like Folgers and other independent coffee chains plan to raise prices if they haven’t already. Starbucks and Nestlé said they [...]
By Noah Rothstein Walt Disney Co. shares soared to a four-month high on Aug. 13 as its U.S. theme parks business returned to profitability for the first time since the beginning of the pandemic. “A supercharged U.S. consumer and the power of Disney drove earnings 25% ahead of expectations driven by Parks & Consumer Products,” wrote [...]
By Noah Rothstein A new report by JPMorgan found that the national trend of low inventories represents an “unprecedented non-recessionary inventory collapse” over the last 20 years, Yahoo! Finance reported. Supply has taken a hit these last two years due to the pandemic. Shortages in labor and raw materials have been one of the main drivers [...]
By Noah Rothstein When Fall Out Boy pulled out of the Hella Mega Tour at Nationals Park in Washington, DC, on Aug. 8, many attendees were left frustrated and annoyed, but not with the band. Instead, consumers directed their anger at the company they used to buy the tickets: StubHub, the largest secondary-market ticket marketplace [...]
By Noah Rothstein “Buy now, pay later” (BNPL) payment options have become increasingly popular among younger consumers, yet analysts warn of default risks given the lack of credit checks and “opaque” debt reporting. Using this option could lead to a lack of credit history, meaning that lenders may underestimate a borrower’s debt levels when assessing [...]
By Noah Rothstein U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has indicated that the SEC will make certain rule changes to address environmental, social, and government (ESG) investing as demand for ESG disclosures continues to gain momentum. Such changes would include how ESG risks are measured. Gensler indicated the changes could be implemented [...]
By Noah Rothstein As businesses around the country struggle to find workers, Target and Walmart have launched incentives to keep the employees they already have and attract new job candidates. On Aug. 4, Target said that it would cover the cost of tuition, fees, and textbooks for part- and full-time workers who pursue a qualifying undergraduate degree [...]
By Noah Rothstein On July 13, President Joe Biden nominated Richard Trumka, Jr., a House aide and the son of the late AFL-CIO president Richard Trumka, to the Consumer Product Safety Commission (CPSC). Trumka Jr. worked as general counsel and staff director for the House Oversight and Reform Committee’s subcommittee on Economic and Consumer Policy [...]
By Noah Rothstein Organizations advocating on behalf of landlords objected to the recent extension of the eviction moratorium enacted by the Centers for Disease Control and Prevention (CDC). The Alabama and Georgia Associations of Realtors, among others, said in an emergency filing on Aug. 4, that the CDC’s order was “unlawful” and issued “for nakedly political reasons [...]
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