(NEW YORK) -- Americans may be feeling the pinch at grocery store checkouts, but the largest chain in the country has shared some positive news ahead of the holiday season. "Our turkey costs are up about 20%, but we decided early on to not pass... Read More.
(NEW YORK) -- Two major U.S. supermarkets will combine forces after a unanimous all-cash merger agreement was reached between the boards of Kroger and Albertsons. Kroger, the second largest grocery store chain, purchased the fourth largest, Albertsons, for an estimated total enterprise value of $24.6... Read More.
(NEW YORK) -- The centerpiece for Thanksgiving tables across the country will cost more than ever this holiday season. The American Farm Bureau Federation announced Wednesday that "families can expect to pay record high prices at the grocery store for turkey" due to bird flu... Read More.
(SILVER SPRING, Md.) -- Foods that claim to be "healthy" on their packaging will soon be subject to a new set of labeling guidelines, part of an effort by the U.S. Food and Drug Administration to help educate consumers on nutrition literacy and align... Read More.
(WASHINGTON) -- Inflation data released on Tuesday revealed that prices rose slightly in August, worsening the cost woes for U.S. households as the Federal Reserve readies to decide on another interest rate hike next week. The data calls into question whether inflation has peaked. On a... Read More.
(WASHINGTON) -- When Speaker of the House Nancy Pelosi arrived in Taiwan last week, the world braced for China's response. Within hours of her departure, China began military exercises around Taiwan, leaving the world wondering how far China is willing to take its response. Evidence... Read More.
(NEW YORK) -- As JetBlue prepares to begin its takeover of Spirit Airlines in a $3.8 billion deal, many are left wondering what the future holds for both airlines and their loyal customers. The JetBlue-Spirit agreement still faces a shareholder vote and regulatory approval, which... Read More.
(NEW YORK) -- It was another volatile day on Wall Street as investors worry that high inflation may finally be catching up with consumers. The Dow Jones Industrial Average lost 236 points, one day after plunging more than 1,100 points, while the S&P 500 inched closer... Read More.
(NEW YORK) -- Uber and Lyft are boasting record profits as both companies say they are aggressively recruiting drivers to fill a void created by the pandemic. Since the pandemic, rideshare costs have exploded across the country. Uber and Lyft -- the two largest rideshare companies... Read More.
(NEW YORK) -- When will it be over? The global chip shortage that has idled automotive plants, delayed shipments of new vehicles and pushed transaction prices to record levels may soon relent as early as this fall. But the dramatic impact of the last 12... Read More.
(NEW YORK) -- During the pandemic, Andrea Xu found a new way to tap into her Asian heritage and help connect consumers to the flavors, ingredients and dishes that are deeply rooted in her culture's cuisine. The young entrepreneur spoke to ABC News' Good Morning... Read More.
BY: MORGAN KORN, ABC NEWS (NEW YORK) — The rise of the internet and online shopping seemed to signal the ignoble end to the ubiquitous car dealership in the 1990s. Those gloomy predictions from industry watchers turned out to be wrong; consumers continued to... Read More.