News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
The issue facing the industry is partly an echo of the pandemic, as big box retailers actively worked to expand inventory during 2021 as shuttered factories and materials shortages — and the Ever Given — led to empty shelves. Big box retailers resolved to avoid these issues by expediting orders when available, and ordering more quantities upfront in advance of the 2022 season.
Turns out some of that may have been too much.
Prices of potatoes, cooking oil, gas for frying and packaging all soar: ‘Every single input cost has risen’
A new documentary captures a wealthy Bay Area county’s efforts to evict a ragtag community of boat dwellers.
Disney, meatpacker JBS and others launch plans to add affordable housing near job sites; a Vail, Colo., project draws opposition
An iconic image sells for $15.3 million at Christie’s to Bill Perkins, an energy trader, who says he’s been waiting his whole life to buy that work of art.