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Biden Helped Lower Inflation, But Food Companies Are Gouging

On Friday’s FOX Business Network broadcast of “Kabuto: Coast to Coast,” Deputy Treasury Secretary Wally Adeyemo commented on the PCE inflation report, saying that inflation is declining and expects it to continue that way. Food companies need to pass on costs, he said. Savings to consumers. Adeyemo said, [relevant remarks begin around 1:10] “So to […]

Coffee prices poised to surge further as food inflation rages

A shortage of Robusta coffee beans in Vietnam, the world’s biggest producer of the bitter bean variety, threatens to push the price of already expensive lattes even higher. Futures prices for Robusta coffee beans, which are primarily used to make espresso, instant coffee and some powder blends, have risen about 50% in London this year, […]

Veteran NYC restaurateurs join forces to inject new life into Midtown’s zombie food halls

Midtown’s Zombie Food Hall is getting new life. New York restaurant legend Stephen Hanson and international hospitality executive Alex Gaudret are investing in five Midtown mainstays previously operated by Urban Space, whose business has been decimated by the pandemic and rents have been delayed. Restart the hall. Hansons and Gaudret’s newly formed HF Food Halls […]