Chocolate lovers beware! The price of your favorite treat is on the rise.
Growing demand in emerging markets and bad weather in major cocoa producing countries is pushing up the cost of key ingredients, leaving manufacturers little choice but to pass on some of that pain to consumers.
The price of cocoa butter, for example, stands at a four-year high, having risen by 70% over the past 12 months, according to Mintec commodity consultant Liliana Gonzalez.
Fast food workers in 60 cities across the U.S. walked off the job Thursday as they protest for higher wages.
Workers from fast food giants McDonald's, Burger King, Wendy's and Yum Brands-owned KFC are calling on their employers to pay them a minimum of $15 an hour and allow them to form unions without retaliation.
Currently, the median pay for the fast food workers across the country is just over $9 an hour, or about $18,500 a year. That's roughly $4,500 lower than Census Bureau's poverty income threshold level of $23,000 for a family of four.
Look out American oenophiles. Roughly one million bottles of wine are about to be poured down the drain.
The Australian winemaker that crafts the popular Penfolds brand is dumping as much as $35 million AUS ($32 million) in wine in the United States.
Treasury Wine Estates says it's working to get rid of "excess, aged and deteriorating inventory" in the U.S. since it was unable to sell the wine as quickly as planned.
The cash-strapped French government is getting ready to auction some of its fine wines in order to raise money and invest in more modest vintages.
The move comes as governments across Europe look to tighten their belts and tone down displays of lavish spending. Austerity budgets have squeezed living standards for many and left millions out of work.