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John Catsimatidis, the billionaire proprietor as well as CEO of New york city City supermarket chain Gristedes, argues the inadequate as well as middle course is getting 'hurt' by rising cost of living, noting that boosted oil costs results in greater transportation as well as food costs.
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Billionaire supermarket owner on the devastating impact of inflation
John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, argues the poor and middle class is getting 'hurt' by inflation, noting that increased oil prices leads to higher transportation and food costs.
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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