Biden calls on snack companies to stop shrinkflation ahead of Super Bowl
CNN
Joe Biden doesn’t want corporate greed to eat into your Super Bowl snack spread.
Joe Biden doesn’t want corporate greed to eat into your Super Bowl snack spread. In a video posted Sunday to X, formerly known as Twitter, the president called on companies to put a stop to “shrinkflation.” “When buying snacks for the game, you might have noticed one thing: Sports drink bottles are smaller, a bag of chips has fewer chips, but they’re still charging you just as much,” he said. Shrinkflation is a widespread practice where businesses offer less product without reducing the price accordingly. It’s a common cost-saving tactic during periods of inflationary pressure. While inflation has slowed down to a three-year low, prices are still punishingly high for many Americans, who have found themselves getting consistently less for their buck when shopping for essentials like groceries. “There is no denying that shrinkflation is real and that it is having a measurable impact on family budgets,” concluded a December report published by Democratic Sen. Bob Casey of Pennsylvania. The report found common household and grocery items noticeably decreased in size between January 2019 and October 2023, while unit prices rose more than 20%. For example, a pack of Double-Stuffed Oreos now weigh 6% less, Gatorade bottles hold 12% less liquid, and a Walmart’s Great Value Ultra Strong paper towel roll has 28% fewer sheets, according to the report.
The “CBS Evening News” needs a new anchor — and soon.
President Donald Trump is pushing for an extension of soon-to-expire enhanced Obamacare subsidies – a key Democratic demand that Republicans fought fiercely and that was the basis for the longest-ever government shutdown.
The biggest event in New Zealand Thursday may have been the opening of a furniture store.
Even if you believe you haven’t yet been directly impacted by climate change, your wallet will feel its effects soon, according to a new study.
Small businesses are “starting to crack” amid a weakening economy, rising inflation and fickle consumers; and they drove job losses in the US private sector in November, new data showed Wednesday.
Prepare for automotive sticker shock next year – again.
Constellation Brands, the US owner of Modelo Especial and Corona, bet big on Latino customers for growth. But that strategy is unraveling under the Trump administration’s mass deportation push.
The European Union agreed Wednesday to phase out Russian natural gas imports by late 2027 as part of an effort to end the bloc’s decade-long dependency on Russian energy.
US wireless carrier AT&T said in a letter to the US telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy wireless spectrum assets.
Larry Summers has been banned for life from the American Economic Association, a professional organization for economists, with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein.
The US labor market has weakened over the course of the year as hiring has stalled across many industries. The national unemployment rate has ratcheted higher in the process, hitting 4.4% in September.
Michael and Susan Dell are donating $6.25 billion to fund investment accounts for at least 25 million American children.
Gas prices dropped below an average of $3 a gallon in the United States on Tuesday for the first time in four-and-a-half years.