Here are the headlines from Cheddar News that are Good 2 Know.
NOSTALGIA SELLS
Nostalgia is a top seller among Gen Z shoppers, according to a report from the Washington Post. The outlet cited research from buy now, pay later firm Klarna showing that "vintage tech" sales are rising, with sales of wired headphones up 300 percent in February 2022 compared with the year before, and flip phone sales were up more than 80 percent in August. Other products to cash in on the nostalgia craze included McDonald's, which started offering adult Happy Meals, and candy maker Just Born Quality Confections, which doubled down on its Easter favorite Peeps. Movie studios also continue to capitalize on the trend with a line-up of TV and movie reboots.
DOLLAR STORE GROCERIES
Research from Coresight found that more than 20 percent of consumers are now purchasing groceries at dollar stores such as Dollar Tree and Dollar General. This follows another report from the American Journal of Public Health finding that dollar stores are the fastest-growing food retailers in the U.S. As a result, major chains are in the middle of a massive expansion. Dollar General, for instance, is building 1,050 new stores and remodeling 2,000 others in 2023.
Palestinians in the sealed-off Gaza Strip are scrambling to find safety, as Israeli strikes demolish entire neighborhoods, hospitals run low on supplies and a power blackout is expected within hours.
Claudia Goldin, a Harvard University professor, was awarded the Nobel economics prize on Monday for research that helps explain why women around the world are less likely than men to work and to earn less money when they do.
Defense Secretary Lloyd Austin said Sunday he has ordered the Ford carrier strike group to sail to the Eastern Mediterranean to be ready to assist Israel after the attack by Hamas that has left more than 1,000 dead on both sides. Americans were reported to be among those killed and missing.
Men dug through rubble with their bare hands and shovels in western Afghanistan on Sunday in desperate attempts to pull victims from the wreckage of earthquakes that killed at least 2,000 people.
Israel’s military ordered a complete siege on the Gaza Strip on Monday, halting entry of food, fuel and supplies to its 2.3 million people as it pounded the Hamas-ruled territory with waves of airstrikes in retaliation for the militants’ bloody weekend incursion.
