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July 19 (Reuters) - The shares of Northern Trust (NTRS.O) jumped by more than 14% on Wednesday after the asset and wealth manager reported a smaller-than-expected drop in second quarter net interest income underpinned by higher interest rates and slower deposit losses. Analysts were, however, expecting a bigger drop in Northern Trust's quarter-on-quarter NII just like State Street. Northern Trust's shares were trading at $82.14, on track for its biggest one-day percentage gain since March 2020. Total revenue fell 1% to $1.77 billion in the quarter as Northern Trust generated fewer fees from its custodial, investment, and wealth management businesses. Northern Trust said its total assets under custody increased 5% to $14.48 trillion, while total asset management also rose 5% to $1.37 trillion.

Persons: Goldman Sachs, Alexander Blostein, NII, Sri Hari, Krishna Chandra Organizations: Northern Trust, Street Corp, Trust, Sri, Thomson Locations: Northern Trust's, Northern, Bengaluru

SummaryLaw Firms FTX founder allegedly misappropriated customer funds for European acquisitionFTX failed to find a buyer for the company in bankruptcy saleNEW YORK, July 13 (Reuters) - Bankrupt crypto exchange FTX sued insiders at FTX Europe AG late Wednesday, seeking to recover $323 million that FTX had invested in an ill-fated expansion into European crypto markets. After FTX filed for bankruptcy in November, it sought to sell FTX Europe, only to conclude that no buyer would offer meaningful value for the company, according to FTX. FTX acquired Digital Assets for nearly $400 million in three transactions in 2020 and 2021, hoping to obtain regulatory approvals and expand into European markets. FTX filed for bankruptcy protection in November, saying it was unable to completely repay customers who had deposited funds on its exchange. Prosecutors have charged Bankman-Fried, 31, with stealing billions of dollars in FTX customer funds to cover losses at its affiliated hedge fund Alameda Research.

Persons: FTX, Sam Bankman, Patrick Gruhn, Robin Matzke, Brandon Williams, Cosima Capital, Williams, Fried, Gruhn, Steven Holley, Stephen Ehrenberg, Brian Glueckstein, Christopher Dunne of Sullivan, Cromwell, Read, Clinton, Dietrich Knauth Organizations: FTX, AG, DA AG, Assets, Matzke, Gruhn, Prosecutors, Alameda Research, Trading, Bankruptcy, District of, Cromwell LLP, Thomson Locations: Zurich, Switzerland, Europe, Delaware, Matzke, Oregon, Alameda, U.S, District of Delaware

In mid-2020 Rome secured the lion's share of a 724-billion-euro kitty aimed at helping EU members emerge from COVID greener and more tech-friendly. Italy's 191.5 billion euros ($210 billion) of cheap loans and grants, to be received in tranches through 2026, was intended for productive investments in the bloc's most chronically stagnant economy. MICRO-PROJECTSMore than half the EU money is meant to go on digitalisation and ecological transition, with the rest devoted to sustainable transport, education, social cohesion and health. The government is still awaiting a 19-billion-euro tranche of the EU funds blocked in March over missed policy targets stemming from 2022. It brings Italy's byzantine rules closer to EU standards, but Gobbato said people will initially find it hard to adapt.

Persons: Flavio Lo Scalzo, Rome, Roberto Perotti, Giorgia Meloni, Mario Draghi, Giuseppe Conte, Carlo Messina, Intesa, Vittorio Soldavini, Davide Carlucci, It's, Gustavo Piga, Rome's, Ilaria, Dentons, Gobbato, Catherine Evans Organizations: REUTERS, Milan's Bocconi University, Treasury, European Central Bank, Technology, Tor Vergata University, Reuters, Thomson Locations: Milan, Italy, ROME, MILAN, tranches, Brussels, Italy's, Italian, Parma

☆ Ancient pendants made from giant sloth bones suggest humans were in Americas earlier than thought
▼ + stars: | 2023-07-12 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

While G. phoenesis was thought to have been a relatively small species of giant sloth, some ancient sloth species were so big that their fossilized burrows are now caves in southern Brazil that humans can walk through. One of the three pendants made from giant sloth bone. However, Pansani said the team dated other material — sediment, charcoal and other giant sloth bones — from the same layer as where the artifacts were recovered. Many experts are skeptical that humans occupied the Americas any earlier than 16,000 years ago, the study noted. For the new study, Pacheco said the team hadn’t considered the possibility of trying to extract genetic material from the sloth-bone pendants.

Persons: —, Thais Pansani, Federal University of São Carlos, phoenesis, Thaís Pansani, Pierre Gueriau, Mírian Pacheco, Pacheco, ” Pansani, Pansani, “, ” Pacheco, hadn’t, ” Organizations: CNN, Federal University of São, Paleobiology, Royal Society Locations: Brazil, Santa, Americas, South America, New Mexico, Russia

☆ How to Pay Off Your Student Loans
▼ + stars: | 2023-06-28 | by ( Rebecca Safier | ) www.wsj.com time to read: +13 min

Here’s how to pay off student loans in a way that works for your budget and goals. Look into specialized loan forgiveness programsWhile the Supreme Court hasn’t shared its ruling on Biden’s widespread forgiveness initiative yet, there are other options for loan discharge, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness. You can pay off federal student loans early, as there’s no student loan prepayment penalty. If you want to retain access to federal protections, it wouldn’t make sense to refinance your federal student loans. In the end, there’s no single right way to pay off student loans faster.

Persons: Rebecca Safier, Biden’s, ”, Robert Farrington, you’re, you’ve, Michael Lux, “, Farrington, Autopay, servicers, autopay, servicer Nelnet, hasn’t, Adam Minsky, You’ll, Mark Kantrowitz Organizations: Education Department, College Investor, millennials, Federal, Aid, Grad, Student Loan Sherpa, Student Aid, autopay, Peace Corps, Corinthian, Education Locations: “, SavingforCollege.com

El Paso County Court/Handout... Read moreJune 26 (Reuters) - A 23-year-old pleaded guilty on Monday to murder and other crimes in a 2022 shooting that killed five people at a gay nightclub in Colorado Springs. Anderson Lee Aldrich faces life in prison without the possibility of parole after reaching an agreement with prosecutors to plead guilty to five first-degree murder counts and 46 attempted murder counts. On Nov. 19, 2022, Aldrich, wearing body armor, opened fire at Club Q, an LGBTQ nightclub. The deal with prosecutors called for Aldrich to be sentenced on Monday immediately following the guilty plea. Those killed in the shooting were identified as Aston, 28; Kelly Loving, 40; Derrick Rump, 38; Ashley Paugh, 34; and Raymond Green Vance, 22.

Persons: Anderson Lee Aldrich, Read, Aldrich, Jeff Aston, Daniel Aston, Kelly Loving, Derrick Rump, Ashley Paugh, Raymond Green Vance, Aldrich's, Joseph Ax, Rami Ayyub, Rich McKay, Grant McCool Organizations: Paso County Court, Q, U.S, Aston, El, El Paso County Sheriff’s, Thomson Locations: Colorado Springs , Colorado, Paso County, Colorado Springs, Colorado, Orlando , Florida, El Paso County

☆ TipRanks reveals the top 10 Wall Street utilities sector analysts
▼ + stars: | 2023-06-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks recognized the 10 best analysts in the utilities sector who delivered significant returns and edged past their peers through their recommendations. TipRanks' algorithms calculated the statistical significance of each rating, the average return and the analysts' overall success rate. Top 10 analysts from the utilities sectorThe image below shows the most successful Wall Street analysts from the utilities sector. Based on his buy recommendation, the analyst generated a profit of 161.7% from July 21, 2020 to July 21, 2021. Julien Dumoulin-Smith — Bank of America SecuritiesJulien Dumoulin-Smith has the 10th spot on the list, with a success rate of 57%.

Persons: Patrick T, Fallon, TipRanks, Shelby Tucker, Tucker, Frederic Bastien — Raymond James Frederic Bastien, Black, Benjamin Pham —, Benjamin Pham, Pham, Mark Jarvi —, Mark Jarvi — CIBC Mark Jarvi, Robert Catellier —, Robert Catellier, Alberto Gandolfi — Goldman Sachs, Alberto Gandolfi, Nelson Ng, Jan, Patrick Kenny, Kenny, Neil Kalton, Wells, Julien Dumoulin, Smith — Bank of America Securities Julien Dumoulin, Smith Organizations: Fluence, Siemens, AES Company, AES Alamitos Battery Energy Storage, AFP, Getty, RBC, Energy, Benjamin Pham — BMO Capital BMO Capital, Mark Jarvi — CIBC, Pinnacle, Drax Group, Robert Catellier — CIBC, RBC Capital RBC Capital, Bank In, National Bank, Secure Energy Services, Smith — Bank of America Securities, Sunrun Locations: Long Beach , California, Canadian, Canada, Danish, Methanex

☆ China Dragon Boat Festival tourism trips above pre-COVID levels -ministry
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] People and children enjoy themselves by the lakeside at a park during the Dragon Boat festival holiday, following the coronavirus disease (COVID-19) outbreak, in Beijing, China June 4, 2022. REUTERS/Tingshu Wang/File PhotoBEIJING, June 25 (Reuters) - Trips for tourism in China during last week's three-day Dragon Boat Festival climbed 32.3% from a year earlier to an estimated 106 million, 12.8% above the pre-pandemic level in 2019, the ministry of culture and tourism said. Revenue from domestic tourism trips during the Dragon Boat Festival rose 44.5% on year to 37.31 billion yuan ($5.20 billion), recovering to 94.9% of the 2019 level, the tourism ministry said. The comparison between the 2023 and 2019 figures were made "according to comparable standards", the tourism ministry said on its website, without providing details about the metrics. The Dragon Boat Festival tourism rebound is smaller than that during the five-day May Day holiday, when domestic tourism trips surged 70.8% on year and were 19.1% above those of 2019，with revenues up 128.90% on year and on par with 2019, according to tourism ministry data last month.

Persons: Tingshu Wang, Roxanne Liu, Ryan Woo, William Mallard Organizations: REUTERS, National Immigration Administration, NIA, Thomson Locations: Beijing, China, BEIJING, Hong Kong, Taiwan, Macau

☆ CPI Report Today: Dow Futures Waver Ahead of Inflation Data
▼ + stars: | 2023-06-13 | by ( ) www.wsj.com time to read: +1 min

Stock futures are edging higher ahead of inflation data that could shed light on how much further the Federal Reserve may raise interest rates in the months ahead. While the headline pace of inflation has slowed this year, investors are focused on core inflation, which is expected to have remained stubbornly strong in May. The central bank is expected to hold interest rates steady , but investors think it could signal more rate increases in the future. The yield on 10-year government bonds rose to 4.409% from 4.323% after unexpectedly strong U.K. wage-growth data. Brent futures rose over 2% to around $73.30 a barrel, after sliding 3.9% Monday.

Organizations: Federal Reserve, Stock, Dow, Treasury, Japan’s Nikkei, ’ Locations: China, Shanghai, Europe, Brent

LONDON, June 8 (Reuters) - Europe’s gas storage is refilling much more slowly than usual as the drop in prices encourages more consumption by industrial users and power generators while diverting liquefied natural gas (LNG) cargoes to Asia. The surplus has narrowed from +282 TWh (+80% or +2.41 standard deviations) at the end of the traditional winter drawdown season on March 31 (“Aggregated gas storage inventory”, Gas Infrastructure Europe, June 8). Chartbook: Europe gas inventories and pricesInventories have responded to lower prices, with front-month futures prices down by more than 90% from its peak in August 2022. Lower prices in Europe are also diverting more LNG cargoes to price-sensitive customers in South and East Asia for power generation. Related columns:- Europe’s gas prices slide on swollen inventories (May 11, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: John Kemp, Susan Fenton Organizations: European Union, Gas Infrastructure, Thomson, Reuters Locations: Asia, United Kingdom, Gas Infrastructure Europe, Chartbook, Europe, South, East Asia

☆ Private equity hurtles towards hard Asia reset
▼ + stars: | 2023-06-07 | by ( Una Galani | ) www.reuters.com time to read: +4 min

SINGAPORE, June 7 (Reuters Breakingviews) - Sequoia’s decision to carve out its China business formalises a push for a hard reset in Asia that private equity firms have until now largely been grappling with behind the scenes. These country-agnostic funds accounted for just over half the money raised in 2022 in the region, a 22-year high. Granted, these South and Southeast Asia markets are small at present compared to China; that’s why more firms are seeking bigger-ticket buyouts in Australia and Japan. That will eventually weigh on performance in the region, which for top-quartile Asia funds last year was a very respectable median 25% net internal rate of return, per Preqin. Private equity’s cooling relationship with China, though, is likely to hit hard for most.

Persons: Neil Shen, Shailendra Singh, Singh, Zhang Lei, There’s, Shen, Antony Currie, Katrina Hamlin Organizations: Reuters, Bain & Co, Bain Capital, KKR, XV Partners, Sequoia, Twitter, NEWS Venture, Sequoia Capital, Thomson Locations: SINGAPORE, China, Asia, Republic, Sequoia, India, Southeast Asia, Greater China, Malaysia, Philippines, Indonesia, Thailand, Hillhouse, Singapore, Australia, Japan, U.S

☆ Rising imports, falling exports push US trade deficit to six-month high
▼ + stars: | 2023-06-07 | by ( Lucia Mutikani | ) www.reuters.com time to read: +3 min

The trade deficit jumped 23.0% to $74.6 billion, the Commerce Department said on Wednesday. The government revised the goods trade data from 2018 while the trade services figures were revised from 2017. There were also increases in imports of industrial supplies and materials, though petroleum imports fell to the lowest level since August 2021. April's drop in goods exports was led by a sharp decline in exports of industrial supplies and materials, mostly crude oil and fuel oil. Adjusted for inflation, the goods trade deficit shot up 16.5% to $95.8 billion in April.

Persons: Christopher Rupkey, Lucia Mutikani, Toby Chopra, Andrea Ricci Organizations: Commerce Department, Trade, Consumer, Federal Reserve, Thomson Locations: WASHINGTON, U.S, New York

☆ The U.S. isn't the only country with a debt ceiling. Here's how Denmark avoids the drama
▼ + stars: | 2023-05-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. Yet in Denmark — the only other democracy with a similar type of nominal debt ceiling — barely anybody knows it exists. Separation of church and state While the U.S. debt ceiling restricts government borrowing to a particular figure, most other economies set debt limits as a percentage of GDP. The Danish debt ceiling, or "gældsloft," was implemented as a constitutional requirement in 1993 after a restructure of the country's government, and set at 950 billion Danish kroner ($137.5 billion). Denmark is the only other country in the world with a debt ceiling comparable to that of the U.S., but it never causes the same political crises that Washington frequently faces.

☆ Her Novel Became a Best Seller. The Trouble: The Manuscript Was Stolen.
▼ + stars: | 2023-05-16 | by ( Amal El-Mohtar | ) www.nytimes.com time to read: +3 min

If this reads as a quite on-the-nose critique of contemporary conversations about race and appropriation, that’s because it is. It is in fact so obvious that it makes one wonder why Kuang uses the device of an unreliable narrator at all. Instead, June’s methodology is consistently to tell the reader her trespasses and offer flimsy justifications for them. These moments suggest the kinds of layers and intrigue the book could have maintained if it weren’t so committed to showing its hand. “Yellowface” is a kind of Art Monster story, but one that can’t allow room for ambiguity or revelation without rushing in to fill that space.

☆ Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
▼ + stars: | 2023-05-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing. A series of Fed rate cuts helped push 30-year mortgage rates to a low around 2.65% in January 2021. The higher rates helped push total mortgage debt to $12.04 trillion, up 0.1 percentage point from the fourth quarter. Despite rising rates, mortgage foreclosures remained low. Delinquency rates for all debt increased, up 0.6 percentage point for credit cards to 6.5% and 0.2 percentage point for auto loans to 6.9%.

New Governor of Bank of Japan Kazuo Ueda waits for Japanese Prime Minister Fumio Kishida in Tokyo on April 10, 2023. Asia-Pacific markets largely rose on Friday after the Bank of Japan kept its monetary policy unchanged in the first monetary policy meeting chaired by new governor Kazuo Ueda. Japanese markets were all higher and led gains in the region, with the Nikkei 225 closing 1.4% higher at 28,856.44 following the central bank's decision and the Topix rose 1.23% to end the day at 2057,48. Hong Kong's Hang Seng index climbed 0.42% in its final hour, while the Hang Seng Tech index jumped 1.12%. In mainland China, the Shenzhen Component ticked up 1.08% to end at 11,338.67 and the Shanghai Composite rose 1.14% to close at 3,323.27.

☆ Jane Roberts, who is married to Chief Justice John Roberts, made $10.3 million in commissions from elite law firms, whistleblower documents show
▼ + stars: | 2023-04-28 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +20 min

Jane Roberts was paid more than $10 million by a host of elite law firms, a whistleblower alleges. At least one of those firms argued a case before Chief Justice Roberts after paying his wife hundreds of thousands of dollars. And I realized that even the law firms who were Jane's clients had nowhere to go. Mark Jungers, another one of Jane Roberts' former colleagues, said that Jane was smart, talented, and good at her job. But whether that committee has the authority to discipline Thomas or any other Supreme Court Justice remains a matter of murky constitutional interpretation, to be ultimately decided by the Supreme Court itself.

☆ Top Colleges for High-Paying Jobs in Data Science
▼ + stars: | 2023-04-26 | by ( Demetria Gallegos | ) www.wsj.com time to read: 1 min

Princeton graduates who go into data science earn over $37,000 a year more than the median B.A. graduate in the field over 10 years, according to the Burning Glass Institute. Photo: Bryan Anselm for The Wall Street JournalPrinceton University graduates who enter the data-science field earn more than graduates from other schools, according to a new salary-based ranking of undergraduate schools by Burning Glass, a nonprofit organization that researches employment trends. Princeton-educated data scientists earn an average of $138,014 a year in their first 10 years in the field, a premium of more than $37,000 a year over the earnings of the median graduate in data science. The median graduate’s average annual salary over the first 10 years of earnings is $100,323.

☆ Montana Republicans are appealing to anti-California sentiment to pass a slew of bipartisan pro-housing policies
▼ + stars: | 2023-04-14 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Montana Republicans are aligned behind zoning reform and other pro-housing policies. And everybody in Montana is asking this question of, you know, how can we keep Montana feeling like Montana?" Preventing a 'California-style housing crisis'Montana's ultra-conservative GOP governor, Greg Gianforte, recently called the housing crisis "probably the number one issue faced by working Montanans." Conservative supporters of pro-housing policies in the state have successfully tied anti-California sentiment to anti-sprawl and pro-housing policies. "The fear is that in 25 years, we're going to have a California-style housing crisis," Cotton said.

☆ Fed lending to banks still high, but eases in latest week
▼ + stars: | 2023-04-13 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

April 13 (Reuters) - Federal Reserve lending to banks eased further in the latest week, signaling that while the absolute levels of emergency credit remain high, financial sector strains which started a month ago are continuing to ease. As of Wednesday, Fed loans to banks via its discount window facility stood at $67.6 billion, from $69.7 billion on April 5, Fed data released on Thursday showed. When the loans from the three programs are added together, credit extended to banks by the Fed stood at $312 billion on Wednesday, down from $323.3 billion on April 5. While the absolute amount of lending remains high and outstrips emergency lending at the peak of the financial crisis in 2008, total lending has been moving lower since the $343.7 billion peak on March 22. The Fed also said in its data that borrowing from its facility for central banks and other foreign official accounts eased a bit further and stood at $30 billion on Wednesday, from $40 billion the week before.

☆ NY Fed report sees several more years of balance sheet contraction
▼ + stars: | 2023-04-11 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

The Fed is now allowing just shy of $100 billion per month in bonds it owns to expire and not be replaced. The New York Fed report also offered projections of the net negative income situation the institution faces as part of its efforts to raise rates. While the Fed was still able to hand back excess profits to the Treasury in 2022, its income turned negative late last year. "The projections for negative net income suggest that remittances to the U.S. Treasury will be suspended for some time, and that the deferred asset recorded on the Federal Reserve’s balance sheet reflecting the accumulated net loss will continue to grow," the report said. But central bankers and analysts have cautioned that the resulting expansion of the balance sheet due to this lending is not stimulative to the economy.

☆ Hyundai Motor Group to invest $18 bln in South Korean EV industry by 2030
▼ + stars: | 2023-04-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

SEOUL, April 11 (Reuters) - Hyundai Motor Group said on Tuesday it planned to invest 24 trillion won ($18.14 billion) in South Korea's electric vehicle (EV) industry through 2030, bolstering its presence in a segment that is set to dominate long-term global automotive demand. The investment plan by the group, which includes Hyundai Motor Co (005380.KS), Kia Corp (000270.KS) and Hyundai Mobis Co Ltd (012330.KS), came as President Yoon Suk Yeol attended a groundbreaking ceremony for Kia's first designated electric vehicle plant. It added that the government would expand tax benefits for domestic EV facility investment for a five-fold boost in production capacity by 2030. The South Korean auto group said last year it would invest more than $10 billion in the United States by 2025 to enhance collaboration with U.S. firms in advanced technology. Shares of Kia and Hyundai Motor closed up 4.9% and 3.3%, respectively, on Tuesday versus a rise of 1.4% in the benchmark KOSPI (.KS11) index.

☆ Borrowing from key Fed lending facilities cools a bit in latest week
▼ + stars: | 2023-04-06 | by ( Michael S. Derby | ) www.reuters.com time to read: +2 min

Total lending to the three main programs aimed at bolstering bank liquidity stood at $323.3 billion as of Wednesday, down from $332.7 billion on March 29. At the start of March, before banking sector problems emerged, total Fed liquidity lending to banks was just shy of $5 billion. In its weekly report, the Fed said banks sought $69.7 billion from its discount window lending facility as of Wednesday, down from $88.2 billion on March 29. Lending via the Bank Term Funding Program stood at $79 billion as of Wednesday, versus $64.4 billion the prior Wednesday. Credit tied to the Federal Deposit Insurance Corporation’s work to wind down failed banks stood at $174.6 billion on Wednesday, down from $180.1 billion on March 29.

☆ Wall Street jumps with rosy outlooks from companies
▼ + stars: | 2023-03-29 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Micron (MU.O) shares shot up 7.2%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index (.SOX), which closed 3.3% higher. Lululemon surges after strong reoprtThe bulk of S&P 500 companies begin reporting on the first quarter in mid-April. On Monday, regional U.S. lender First Citizens BancShares scooped up the assets of Silicon Valley Bank. Michael Barr, Fed Vice Chair for Supervision, told Congress the scope of blame for Silicon Valley Bank's failure stretches across bank executives. The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 69 new highs and 135 new lows.

☆ High egg prices send profits at largest US producer soaring more than 700%
▼ + stars: | 2023-03-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg prices. Despite the higher prices, the total number of eggs it sold edged up 1%, so its overall revenue rose 109% to $997.5 million. A deadly and highly infectious avian flu has forced US farmers to kill millions of egg-laying hens, reducing the country’s egg supply and driving up prices. Egg producers’ pricing decisions have been criticized by some politicians, who accuse them of profiteering and price gouging. Egg prices did start to retreat slightly in the government’s most recent inflation reading for February, but are still up more than 55% from a year earlier.

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