Chocolate prices have spiked 14% YoY in the time frame spanning Jan. 1 through early February, ahead of Valentine’s Day. “Supply suddenly dropped even as demand stayed largely the same. Prices went through the roof,” David Branch, sector manager at the Wells Fargo Agri-Food Institute, said (via CNN Business).

Albertsons is the latest to sign on with ChatGPT’s Ad Pilot Program, with shoppers being served up ads ahead of Valentine’s Day. “Just in time for Valentine’s Day, this pilot program is yet another channel that allows us to meet customers when and how they choose to shop,” said Jennifer Saenz, chief commercial officer at Albertsons (via Chain Store Age).

Amazon’s Ring has ended a partnership with police tech company Flock Safety following a controversial Super Bowl ad. Amid rising concerns and scrutiny over collaboration with federal enforcement agencies, Amazon and other brands are making adjustments (via CNBC).

Steak ‘n Shake has stated plans to remove microwaves from all of its kitchens, citing a commitment to increased food quality. “We expect every unit to be microwave-free by April 15. Quality restaurants don’t need microwaves,” the restaurant shared on X (via FOX Business).

CPI data suggests U.S. inflation could be easing, falling 0.3% in January versus December to meet 2.5% YoY. Treasury Secretary Scott Bessent said the Fed’s target 2% rate could be achieved by mid-2026 (via CNBC).