Food Prices Ease
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Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
Target, Aldi cut prices on staples like chicken, diapers and pet food as shoppers rack up grocery debt
‘Consumers are feeling pressured,’ a Target executive said, while Walmart also lowered pricesMarketWatch - Business -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
White House Considers Easing Sanctions on Israeli Billionaire
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.The New York Times - Top stories - Israel -
Justice Department moves forward with easing restrictions on marijuana
The Justice Department officially proposed a new rule on Thursday that would reclassify marijuana as a Schedule III drug.CBS News - Top stories -
'My fake food was good enough for Barbie'
A fake food artist is "stunned" by the response since her work featured in the hit film Barbie.BBC News - Top stories -
Palestinians Struggle for Food and Water After Fleeing Rafah
Many of the 800,000 who left the city huddle in tents on a crowded beach, with little in the way of amenities or humanitarian aid. “It’s a constant battle for survival,” a refugee says.The Wall Street Journal - World -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - World - Israel -
In Quest for Metals, U.S. Pitches Deal to Ease Sanctions on Israeli Businessman
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.The Wall Street Journal - Business - Israel -
China eases mortgage rules in latest push to aid property sector
China’s financial regulators said Friday that they would remove the mortgage rate floors for first and second homes, and lower minimum downpayment ratios for first-time homebuyers.MarketWatch - Business - China -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
Electric pulses help Melanie move her hand better 14 years after breaking neck
One patient who lost movement in her hand can now use it to scroll on a smartphone.BBC News - Top stories -
Hong Kong Shares Fall 1.0%, Weighed by Auto, Tech Stocks
Hong Kong shares opened lower, weighed by auto and tech stocks.The Wall Street Journal - World - Hong Kong -
Apple Slashes iPhone Prices in China
As chief Chinesecompetitor Huawei steps up competition, Apple offers huge discounts to stem sales slump.Inc. - Business - Apple -
Maui fires left victims food insecure and with health issues, survey finds
Hundreds of Maui residents say their health has declined since the deadly August wildfires, and researchers warn it "could deteriorate further" if access to care isn't improved soon.CBS News - Top stories -
4 day care workers arrested for lacing children's food with melatonin: Police
A day care owner and three of her employees have been arrested after allegedly sprinkling melatonin on children’s food, police say.ABC News - Top stories -
A Judge Ruled That Tacos Are Sandwiches. Here's Why That's Important for Food Entrepreneurs
An Indiana judge ruled that tacos and are 'Mexican-style sandwiches' in an entrepreneur's case challenging zoning laws restricting certain restaurant activities.Inc. - Business -
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This one food slashes your dementia risk by a third — if you’re a woman
If you’re female and want to avoid dementia, stock up on this.MarketWatch - Business -
L.A. County investigating reported hepatitis A case at Beverly Hills Whole Foods
Los Angeles County public health officials are investigating a reported case of hepatitis A in an employee at a Whole Foods supermarket in Beverly Hills.NBC News - Top stories -
Britain’s new food security index is a poor excuse for policy
There is little value in Whitehall’s creation of something that suggests everything is fineFinancial Times - Business -
Dog food sold by Walmart recalled as it may contain metal pieces
Some bags of Pedigree dry dog food could pose a health hazard to pets, Mars Petcare warned in a recall posted by the FDA.CBS News - Top stories -
Ultra-processed US foods are ultra-bad for you. Here’s what to know
A growing number of grocery-store foods, from fruit-flavored yogurts to packaged bread, are being tied to health concerns. What are those weird ingredients in our favorite packaged foods?Shopping for yogurt, bread and granola bars might feel like ...The Guardian - World -
New Hampshire day care owner charged with secretly sprinkling melatonin on kids' food
A day care owner and three of her employees in New Hampshire turned themselves in to authorities after being accused of sprinkling melatonin on children’s food, Manchester police said.NBC News - Top stories -
GameStop and AMC see meme-stock frenzy ease after Roaring Kitty-fueled rally
The meme-stock rally that lifted shares of GameStop and AMC was fueled by the social-media return of commentator Keith Gill, also known as Roaring Kitty.MarketWatch - Business -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Wegovy is becoming too essential for its elite price
As the health benefits of anti-obesity medicines widen, pharma companies need to rethink what they chargeFinancial Times - Business -
3 moves to avoid as gold's price rises
Considering buying gold at today's high price? Then you'll want to avoid making these three moves.CBS News - Top stories -
Oil Prices Rise But Stay Stuck in Narrow Range
Oil futures edged higher with the market awaiting OPEC’s next move, with three possible scenarios for the June 1 meeting—extend, unwind or completely remove the voluntary cuts of 2.2 million barrels a day.The Wall Street Journal - World -
The average price of EVs is dropping—here’s how much
Tesla contributed to the drop as it cut prices in the last year, but overall, lower EV prices have not yet generated appreciably higher sales volume.MarketWatch - Business -
Target lowering prices on 5,000 frequently bought items
Target said Monday it will lower prices on approximately 5,000 frequently bought items as it seeks to stay competitive amid signs consumers are experiencing price fatigue.NBC News - Top stories -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Walmart says more diners are buying its groceries as fast food gets pricey
Customers across incomes are looking for cheaper meals, Walmart's chief financial officer said.CNBC - Business -
Walmart says more diners are buying its groceries as fast food gets pricey
Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity.NBC News - Top stories -
Chef Salil Mehta introduces diners to Malaysian food after eatery earns Michelin star
Chef Salil Mehta New York City's resturant is first Malaysian restaurant to earn a Michelin star. His mission is to shine a spotlight on the flavors of the region.CBS News - Top stories -
Academic and doctor Chris van Tulleken: ‘Ultra-processed products are food that lies to us’
The author on how his mission to improve our national diet began – and where it needs to go. Chris van Tulleken has suggested we meet at his local pizza place, Sweet Thursday, in Hackney, east London. If the choice seems counterintuitive for a man ...The Guardian - World -
The US food industry has long buried the truth about their products. Is that coming to an end?
The FDA is developing front-of-package labels that corporations may have to start printing as early as 2027. Ultra-processed foods are ultra bad for you. Here’s what to knowStep into a grocery store in France and you’re liable to see a green, ...The Guardian - World -
Sour Patch Oreos? Why Weird Food Flavors are All Over Store Shelves
The never-ending quest for novelty and relevance pushes food manufacturers to create fresh tastes with special products--some seem delicious, some sound less appetizing.Inc. - Business -
House passes TICKET Act in an effort to increase transparency in pricing
The House passed the Transparency in Charges for Key Events Ticketing Act on Wednesday in an effort to increase price transparency for consumers.NBC News - Top stories -
Oil Prices Rise on Positive Inflation Data, Stockpile Falls
Oil prices rose, with positive sentiment supported by positive economic data and a fall in inventories.The Wall Street Journal - World