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Inflation Is Cooling. Food Inflation Could Get Worse.
Food prices have been rising rapidly for longer than central bankers had expected, and recent setbacks may prolong the agony. Source link
American Travelers Are Shunning U.S. for Europe
Domestic ticket fares are falling as travelers favor longer trips abroad. Source link
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Source link
UAW Demands 40% Pay Hike in Labor Talks With Detroit Automakers
The United Auto Workers union is pressing for the substantial wage increase for factory workers at GM, Ford and Stellantis. Source link
Trading Card Wars Escalate With Antitrust Lawsuit Against Fanatics
Panini, the collectibles company that produces NFL and NBA cards, is suing Fanatics over its dramatic takeover of the industry. Source link
Amazon Delivers Surprisingly Strong Profit
The earnings report shows strong growth in consumer e-commerce, balancing out a continued slowdown in cloud-computing sales. Source link
The Political Turf Battle Over the Future of Your Prime Rib
The White House must decide whether the Food and Drug Administration or Agriculture Department will oversee the food-company scientists tweaking genes to make animals heat
Exceptions Allowing Some Movie Sets to Work Test Solidarity in Hollywood
As strike continues, some call agreements for independent films scabbing, while others say the deals are a fair way to keep the cameras rolling. Source
Apple Sees Third Straight Quarter of Falling Sales, Longest Slump Since 2016
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high. Source link