Biden takes credit for Target grocery price cuts: 'They're answering the call'
Publishing timestamp: 2024-05-21 13:32:15
Summary
President Biden is hoping voters will give him credit for retailers like Target lowering prices on groceries. Biden claims his administration's pressure on corporations to lower prices is working. Target announced price cuts on thousands of items, with other retailers following suit. Biden wants to connect his policies to economic relief for voters as the November election approaches. DOJ charges brothers with $25 million Ethereum heist. Target's price cuts signal a shift in corporate pricing power and growing consumer price fatigue.
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Keywords: food and drink, politics, breaking news: business, defense, donald trump, breaking news: politics, government and politics, business news, elections, joe biden, retail industry, target corp, u.s. economy,
Source: https://www.cnbc.com/2024/05/21/biden-takes-credit-for-target-grocery-price-cuts.html