Talk of the Town
An agreement between the Danville-Pittsylvania Regional Industrial Facility Authority and a company tied to data center development has been entered into, which they say could be worth $73 billion and create more than 2,000 jobs. In a meeting yesterday, they are calling it a first step in a multifaceted development.
(NEW YORK) — Valentine’s Day shoppers may feel jilted by runaway chocolate prices.
Chocolate prices soared 14.4% over the initial weeks of 2026 when compared to the same period a year earlier, nearly doubling the pace of price increases at the start of 2025, according to findings shared with ABC News by intelligence firm Datasembly.
The sharp rise in chocolate prices owes to a cocoa shortage caused primarily by adverse weather and crop disease in West Africa, which accounts for about 70% of the world’s cocoa, some analysts told ABC News.
The dearth of cocoa, analysts said, has ratcheted up input costs for chocolate makers and vaulted retail prices, leading to sticker shock in grocery and candy store aisles.
“There is a record gap between supply and demand,” David Branch, sector manager at the Wells Fargo Agri-Food Institute, told ABC News.
Raw cocoa bean prices have risen dramatically in recent years due to the choke in supply. A metric ton of cocoa beans cost as much $12,000 last year, Branch said. Before the COVID-19 pandemic, cocoa bean prices hovered between $2,000 and $2,500 per metric ton, International Monetary Fund data shows.
In recent months, supply problems have begun to ease, bringing cocoa bean costs down significantly from last year’s peak. A metric ton of cocoa beans now runs about $3,700.
Still, chocolate prices remain highly elevated as chocolate makers sell through candy made with cocoa beans bought earlier, analysts said.
“A lot of manufacturers bought cocoa when prices were high and that’s still very much moving through the supply chain,” David Ortega, a food economist at Michigan State University, told ABC News.
In November, the White House announced framework trade agreements with some Latin American countries in an attempt to ease surging prices for grocery staples such as cocoa. While the U.S. imports a significant share of cocoa from West Africa, supply also comes from Latin American countries like Ecuador, the U.S. Department of Agriculture says.
“Today’s announcements underscore the Administration’s unwavering commitment to fair and balanced trade at every opportunity to protect and strengthen our economic and national security,” the White House said when it unveiled the framework agreements.
Prices remain high for some other imported food items, such as coffee and beef.
Coffee prices surged about 18% in January compared to a year earlier, while ground beef prices climbed more than 17% over that span, Bureau of Labor Statistics data on Friday showed.
Grocery prices are rising at a faster pace than prices overall, climbing 2.9% over the year ending in January, according to BLS data.
Chocolate price hikes will likely ease over the coming months, some analysts said, noting the eventual pass through of lower cocoa prices into the cost of chocolate bought at stores. Analysts emphasized, however, the uncertainty surrounding the outlook due to the chance of weather-related challenges for growers.
Branch, of Wells Fargo, said chocolate prices could even fall by the latter part of this year as manufacturers find cost relief and pass it along to shoppers.
“If market trends stay where they are, we’ll see lower prices for Halloween,” Branch said.
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(NEW YORK) — As a deep freeze continued Tuesday from the Northeast to the Southeast, Southern California and other parts of the West are expected to see another day of balmy weather.
Some areas in the West are poised to break daily high temperature records. Burbank, California, is expected to hit 87 on Tuesday and Long Beach could hit 89.
Other parts of the West, including San Diego, Portland, Oregon, and Great Falls, Montana, could also surpass daily record-high temperature records on Tuesday.
On Monday, several cities in the West set new daily high temperature records, including Escondido, California, which hit 92 degrees, and Phoenix, Arizona, which saw temperatures climb to 85.
The warm weather in the West is expected to continue on Wednesday. While not expected to see a record-breaking daily temperature, Los Angeles is forecast to reach 89 degrees.
Wind advisories are in place for parts of Southern California, especially along the mountain ranges from southeast Los Angeles down to the Mexico border. San Bernardino, Riverside, Corona and Anaheim are expected to see gusts up to 45 mph and isolated gusts of up to 55 mph from 4 a.m. Pacific time on Wednesday through noon on Thursday.
The warm weather in the West will slowly spread through the middle of the country next week.
Meanwhile, some areas of Florida will get a break from the cold before cooler temperatures return on Thursday and Friday. Orlando is forecast to top 70 on Wednesday.
Much of Florida remained under a freeze warning on Tuesday morning. A cold weather advisory was also in place for Miami.
On Monday, several cities throughout the Southeast set daily low temperature records, including Gainesville, Florida, which recorded a low of 22; Fayetteville, Arkansas, which saw the temperature plummet to 12; and Greensboro, North Carolina, which got down to 3.
Freezing temperatures are expected to continue in other parts of the East and Northeast this week as another cold blast is expected on Wednesday, Thursday and into the weekend.
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(NEW YORK) — The U.S. Marshals Service announced a reward of up to $5,000 on Monday for information leading to the arrest of a Virginia high school football coach who is wanted on charges involving child sexual abuse material and solicitation of a minor.
Travis Turner, 46, of Appalachia, Virginia, has been missing since Nov. 20, authorities said. He is wanted on multiple felony charges, including five counts of possession of child pornography and five counts of using a computer to solicit a minor, according to Virginia State Police.
The U.S. Marshals warned that Turner “may be armed” and to “use caution” in a wanted poster released on Monday amid the search for the Union High School football coach.
Turner was last seen walking into the woods with a gun, according to the coach’s family.
“The last known contact the family had with Travis occurred on or about Thursday, November 20, after he left his residence to walk in the woods with a firearm,” a statement released on Friday from a law firm representing Turner’s family said. “He is believed to have entered a heavily wooded and mountainous area.”
At that time, the statement from attorney Adrian Collins said, no warrants had been issued for Turner’s arrest.
When Turner did not return home that evening, his wife notified law enforcement, the attorney’s statement said.
“She was advised that a missing-person report could not be taken until at least 24 hours had passed,” the attorney’s statement said. “The following day, she filed a missing-person report with the Virginia State Police. The family has cooperated fully with law enforcement in their ongoing efforts to locate Travis.”
Agents with the state police’s Bureau of Criminal Investigation Wytheville Field Office were en route to Turner’s home on Nov. 20 as part of an investigation, when they were informed he was no longer there, police said.
State police said they obtained 10 warrants for Turner on Nov. 24.
“Since his disappearance, VSP has utilized a number of assets, including search and rescue teams, drones and k9s, to assist in the search,” state police said in a statement last week. “VSP’s main priority is locating Turner safely; he is now considered a fugitive.”
Turner is a physical education teacher and head football coach at Union High School, in the Wise County public school district, according to the school’s website. Amid his disappearance, the football team has advanced to the state semifinals, scheduled for this weekend, during its undefeated season.
In response to a request for comment on Turner, Wise County Public Schools it is “aware that law enforcement has filed charges against a staff member who has been on administrative leave.”
“The individual remains on leave and is not permitted on school property or to have contact with students,” the statement continued. “The division will continue to cooperate with law enforcement as this process moves forward.”
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