Last week's highlights

Monday, September 18, 2023 by Snacks
  • Jelly: Uncrustables legend J.M. Smucker said it would buy Twinkie parent Hostess for $5.6B. Smucker can use Hostess’ portfolio to feed America’s big snack appetite with fresh creations (picture: PB&J Twinkies). 

  • In-N-Out: Starting in April, fast-food chains in California with 60 or more US locations would have to pay workers at least $20/hour under a new deal between labor unions and the restaurant industry. 

  • Richish: Last quarter US household wealth hit a non-inflation-adjusted record. But while net worth has climbed, purchasing power hasn’t: inflation-adjusted median income slipped last year to ~$74K.

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