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Top related persons:
Brandon Bell - 1 Matthew Hatcher - 1 Rispoli - 1
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Houston , Texas U.S
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Kroger - 1 Getty - 1 U.S . Department - 1 Labor - 1 Afp - 1

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5 mentions found


☆ Egg prices are on the rise again. Here's why
  + stars: | 2024-01-19 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
Brandon Bell | Getty Images News | Getty ImagesEgg prices are on the rise again, after having fallen from record highs in 2023. Average egg prices jumped 8.9% from November to December, following a 2.2% rise the prior month, according to the consumer price index. December's egg price move was the largest relative to other items in the CPI basket, which measures prices of everything from concert tickets to furniture, electricity and prescription drugs. There are more than 368 million egg-laying chickens in the U.S., the USDA said. At the time, a farm group alleged that price gouging and profiteering among major egg suppliers also drove high prices in 2022, though some economists were skeptical that factor was at play.
Persons: Brandon Bell, Matthew Hatcher, Rispoli Organizations: Kroger, Getty, U.S . Department, Labor, Afp Locations: Houston , Texas, U.S
☆ Egg prices are crashing. Here’s why
  + stars: | 2023-05-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +5 min
One reason: Shoppers responded to high egg prices by buying less. When prices were shooting up, “everybody and their brother had a story about what egg prices were doing,” said Amy Smith, vice president at Advanced Economic Solutions, a consulting firm. Retail egg prices have been declining at a more moderate clip. (On an annual basis, prices are still high: In the year through April, egg prices were 21.4% higher.) That’s because supermarkets and grocery stores set retail egg prices, and they don’t want customers to be scared away by wild swings.
☆ Eggs are crazy expensive. Plant-based alternatives think you should check them out
  + stars: | 2023-02-09 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +4 min
New York CNN —Egg prices are still high at the grocery store — so plant-based egg alternatives are using this moment to make their case. Brands like Just Egg and Zero Egg, which make egg alternatives, say they’ve seen momentum in January. For them, turmoil in the traditional egg market is the perfect opportunity to try to reach potential new customers and highlight the advantages of plant-based eggs. But they’re not interested in plant-based eggs — the texture and flavor is just not there for their needs, Tim Lu said. In the grocery store, egg prices remain elevated, Rispoli noted: “Grocers are not yet passing along those savings.”
☆ Sorry crypto world, but SEC isn’t backing down on ‘regulation by enforcement’
  + stars: | 2023-02-08 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com   time to read: +7 min
Right now, Wahi argued, crypto users are simply left guessing about their exposure to SEC enforcement — and that's not sustainable. That strategy, Hodl Law asserted, didn't give token-holders fair notice about whether their coins are securities. Otherwise, Hodl Law said, Ethereum users have no idea if the SEC will swoop in with an enforcement action. The SEC also said that it's not obliged to warn crypto users about its interpretation of securities laws. It also, however, provides the first robust explanation of an argument I expect to see more often in SEC crypto cases: SEC enforcement, according to Wahi, is precluded by the Supreme Court’s recently articulated major questions doctrine.
☆ Why egg prices are still going up
  + stars: | 2022-12-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +5 min
But nothing comes close to the rise in egg prices. In the year through November, not adjusted for seasonal swings, egg prices jumped 49%, according to data from the Bureau of Labor Statistics. Wholesale prices hit a recordAvian flu has been a problem in the US for several months now, but in recent weeks wholesale prices have been hitting records. The supply squeeze isn’t the only thing contributing to higher egg prices, said Metz. Friday’s wholesale prices were the same as Thursday’s, the first time pricing held steady since October, she said.
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