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Chris Spiker

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Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ
Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ A pickleball company owner accused of running a Ponzi-like scheme won't be able to walk away from more than $47 million in unpaid debts, authorities said. Rodney Grubbs agreed to waive his right to bankruptcy discharge, the Department of Justice announced on Wednesday, June 11. Grubbs was the owner of Indiana-based All About Pickleball LLC, also known as Pickleball Rocks. Creditors can continue to go after him for repayment, even after his bankruptcy case is closed. "The USTP is committed to addressing fraudulent and abusive conduct that threatens the integrity of the bankruptcy …

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by Chris Spiker
Business
Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why
Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why At a time when many grocery bills are going up, Aldi is going in the other direction. Aldi will cut prices on more than 400 items across all its stores, the company announced. The move comes as President Donald Trump's sweeping tariffs have increased the costs of many staples and shaken consumer confidence. The supermarket chain said it's reducing prices for many items like fresh meat, organic produce, pantry goods, and picnic snacks. "While customers may see higher prices at other retailers, we're working hard to unlock even more value for our shoppers, just in time for sum…

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by Chris Spiker
Business
New Wawa In Jackson Township Hosting Grand Opening: Here's What To Know New Wawa In Jackson Township Hosting Grand Opening: Here's What To Know
New Wawa In Jackson Township Hosting Grand Opening: Here's What To Know A Wawa is opening in Ocean County and the convenience store chain will celebrate the new location. The new Wawa will be open at 584 Cedar Swamp Road in Jackson Township on Thursday, June 12, the company said in a news release. A countdown celebration will start at 7:45 a.m. before the store officially opens at 8 a.m. A grand opening ceremony will then be held at 8:30 a.m. The first 100 customers will get free "Popping Bubbles & Positivity" t-shirts. After a ribbon cutting, the store will host a "Hoagies for Heroes" sandwich-building competition between police officers and firefighters.…

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by Chris Spiker
Business
New Wawa In Pottstown Hosting Grand Opening: Here's What To Know New Wawa In Pottstown Hosting Grand Opening: Here's What To Know
New Wawa In Pottstown Hosting Grand Opening: Here's What To Know A Wawa is opening in Montgomery County and the convenience store chain will celebrate the new location. The new Wawa will be open at 157 Evergreen Road in Pottstown on Thursday, June 12, the company said in a news release. A countdown celebration will start at 7:45 a.m. before the store officially opens at 8 a.m. A grand opening ceremony will then be held at 8:30 a.m. The first 100 customers will get free "Popping Bubbles & Positivity" t-shirts. After a ribbon cutting, the store will host a "Hoagies for Heroes" sandwich-building competition between police officers and firefighter…

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by Chris Spiker
Business
Canned Food Prices Rising Under Trump's Higher Tariffs, Report Says: Here's How Much Canned Food Prices Rising Under Trump's Higher Tariffs, Report Says: Here's How Much
Canned Food Prices Rising Under Trump's Higher Tariffs, Report Says: Here's How Much President Donald Trump's newly hiked 50% steel tariffs could make your next can of soup or vegetables more expensive. Producers of canned goods are warning about rising costs at the grocery store because of Trump's tariffs, The Wall Street Journal reported. The Consumer Brands Association said the price of canned foods could rise between 9% and 15% as a result of the tariff. That means the price of a $2 can of vegetables might jump by up to 30 cents. "The American consumer is going to pay more for their cans," said Dan Dietrich, vice president for strategy at Trivium Packaging. Trump…

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by Chris Spiker
Business
Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds
Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds Nearly half of Gen Z says saving money for the future seems meaningless, with many choosing to spend now and worry later, even as financial stress rises. A new survey from Intuit Credit Karma found that 49% of Gen Z say planning for the future feels pointless, and many would rather enjoy their money now than worry about saving. Despite rising costs and economic uncertainty, 37% of Gen Z plan to spend more in the summer on dining, travel, and entertainment than in past years. About 48% say they will prioritize experiences over saving, even if it means adding financial strain. "The…

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by Chris Spiker
Business
Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List
Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List Rite Aid will shut down more than 100 additional stores nationwide as the struggling pharmacy chain moves deeper into bankruptcy. The closings were disclosed in a recent bankruptcy court filing, less than a month after Rite Aid filed for Chapter 11 on Monday, May 5. The Philadelphia-based chain is working to sell off its pharmacies, inventory, and other assets to several potential buyers. Rite Aid said it has secured $1.94 billion in new financing to keep locations open during the bankruptcy process. Pharmacy services and immunizations will continue in-store and online. The lates…

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by Chris Spiker
Business
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know
Walmart Creates New Credit Cards Through Its Own Financial Firm: What To Know Walmart is using its own financial technology startup to launch a major credit card program. Synchrony Financial and the Walmart-backed firm OnePay announced the new Mastercard on Monday, June 9. The move comes after Walmart ended its previous credit card partnership with Capital One years ahead of schedule. Walmart had leaned on Capital One as its exclusive credit card issuer since 2018, but sued to exit the agreement early in 2023, CNBC reported. Capital One later claimed Walmart wanted to end the contract to shift transactions to OnePay. At the time the partnership ended, the Walma…

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by Chris Spiker
Business
Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor
Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor Chipotle is cranking up the flavor for the summer with its first new dip in five years. The restaurant chain will soon start offering Adobo Ranch, the company announced on Monday, June 9. The smoky and spicy dip will be available across North America on Tuesday, June 17. Adobo Ranch marks Chipotle's first new dip since the launch of Queso Blanco in 2020. Made fresh in-house with adobo pepper, sour cream, and a signature blend of herbs and spices, the dip aims to bring an extra kick to burritos, bowls, salads, tacos, and quesadillas. Rewards members can get a free side of Adobo Ranch o…

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by Chris Spiker
Business
Warner Bros. Discovery Unveils Major Split: What It Means For Streaming, Sports Fans Warner Bros. Discovery Unveils Major Split: What It Means For Streaming, Sports Fans
Warner Bros. Discovery Unveils Major Split: What It Means For Streaming, Sports Fans Warner Bros. Discovery will split into two publicly traded companies in the latest move to adapt to the rapidly changing streaming industry. The entertainment giant behind CNN, HBO, TBS, and TNT announced the split in a news release on Monday, June 9. Warner Bros. Discovery will separate into two companies, Streaming & Studios and Global Networks, through a tax-free transaction. CEO David Zaslav will lead the Streaming & Studios company. Chief financial officer Gunnar Wiedenfels will become CEO of Global Networks. Executives said the move will give each business the …

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by Chris Spiker
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