The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs due to trade tensions. Why it matters: Diesel is a key cost throughout the supply chain, meaning soaring prices could eventually show up in what consumers pay for everything from groceries to household goods. Driving the news: The national average price of a gallon of diesel topped $6 for the first time ever, AAA said Friday, Axios' Ben Berkowitz reports . - That's up 60% from a year earlier. Between the lines: Food prices could be among the first places consumers feel the ripple effects, executives said this week. - At grocery chain Kroger, which has been trying to keep a lid on…
The Justice Department has broadened its probe into rising beef prices, now targeting eight major grocery chains in addition to its investigations into meatpackers.
The Justice Department has broadened its probe into rising beef prices , now targeting eight major grocery chains in addition to its investigations into meatpackers. PULSE POINTS WHAT HAPPENED: The Department of Justice (DOJ) has expanded its investigation into beef affordability by sending letters to eight major grocery chains: Albertsons, Aldi, Ahold Delhaize USA, Amazon , Costco, Kroger, Publix, and Walmart . This follows ongoing scrutiny of America’s four largest meatpackers, which handle 85 percent of U.S. beef processing. DETAIL: The DOJ’s Antitrust Division announced the move via social media, citing beef prices as a “critical concern” for Americans. Rising costs have placed significant strain on consumers, with ground…Open
Taylor Farms, a major produce supplier and producer of finished food products in North America, is engulfed in a food safety crisis that's ensnaring some of the biggest consumer brands in the U.S. Why it matters: The company — a critical supplier to stores like Walmart and Target and restaurants like Chipotle and Taco Bell — is connected to FDA investigations into multiple pathogens that have sickened thousands of people. Catch up quick: Taylor Farms is recalling finished food products containing jalapeños as the FDA said Monday that it's tracked 345 cases of salmonella — including 36 hospitalizations — stemming from an outbreak linked to jalapeños distributed by Coast Citrus Distributors. - Taylor Farms said that as of Sunday…
Deputies responded to reports of multiple people shot inside a Kroger outside Houston, Texas on Wednesday afternoon, the Harris County Precinct 4 Constable's Office said.