Price-fixing Pork Producers
Pork producer Hormel Foods has agreed to pay $11 million to settle a class actionlawsuit alleging price-fixing in the pork industry. The lawsuit, originally filed in 2018,claims Hormel Foods and…
GDP Growth Slows in the First Quarter of 2024
US GDP grew at a 1.6 percent annualized rate in the first quarter of 2024. This is significantly lower than the 3.4 percent growth in the fourth quarter of 2023.…
Navigating Trade-Offs: The Rise and Challenges of Micro-Apartments in Urban Housing Markets
In a world where many people struggle to find affordable housing, micro-apartments have become a popular idea to help tackle this problem. These tiny apartments, usually between 150 and 400…
Exploring Bentley’s Sales Decline: Supply and Demand
In the world of economics, the concepts of supply and demand are crucial in understanding how markets work. Recently, Bentley Motors, known for its luxury cars, faced a drop in…
Cyberattack Fallout: Economic Impact and Imperatives
Change Healthcare's recent cyberattack, resulting in daily losses of up to $100 million, offers a stark reminder of the far-reaching economic consequences of cyber threats. Beyond the direct financial hits,…
Soup Company in Hot Water
Campbell Soup is being sued by the Department of Justice and two environmental groups. The suit alleges that the company’s manufacturing plant in Napoleon, Ohio has been discharging contaminated wastewater…
Corn Prices Have Popped
Following an unusually dry summer in 2023, US corn farmers expected a poor harvest and an increase in the price of corn. In anticipation of this price increase, many farmers…
Walmart Adapts to the Retail Landscape of Tomorrow
Walmart is in the news again, and this time it's about how the retail giant is growing even bigger. This growth isn't just good for Walmart – it impacts the…
Stop the Surge: Wendy’s Flips Its Price Strategy
Americans, fed up with the price of food these days, are speaking out. In fact, the rising cost of food, and more specifically the notion of shrinkflation was immortalized in…
A Powerless Choice?
Think about the last time you experienced a power outage. In addition to being unable to charge your electronics, or use your Wi-Fi connection, you may have also been unable…