A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Long before shoppers fill up their carts with hot dogs or detergent, supermarkets and suppliers negotiate — and sometimes clash — over how much the products should cost. Those delicate discussions spilled … Read more
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri told CNBC’s “Squawk Box” on Aug. 3. Gary Hershorn/Contributor/Getty Images Personalized coffees, “prestige” skincare and “elevated” sauces and spreads are just some examples … Read more
Check out the companies making headlines before the bell: Walmart (WMT) – Walmart slumped 9.5% in the premarket after cutting its outlook for the current quarter and full year. The retail giant said higher prices for food and fuel are prompting consumers to cut back, and it had to cut prices at its stores to … Read more
LONDON — European markets are set to pull back on Monday as investors brace for a big week of corporate earnings and a key monetary policy decision from the US Federal Reserve. Britain’s FTSE 100 is seen around 29 points lower at 7,247, Germany’s DAX is expected to shed around 83 points to 13,171 and … Read more
Here are Friday’s biggest calls on Wall Street: Barclays downgrades AT & T to equal weight from overweight Barclays said in a note to clients after AT & T’s earnings report that it has “credibility questions” which are likely to persist. “AT & T’s results, while being impacted to some extent by the macro backdrop, … Read more
A tub of Ben and Jerry’s ice cream, manufactured by Unilever Plc. Chris Ratcliffe | Bloomberg | Getty Images Ben & Jerry’s is suing parent company Unilever to stop the sale of its Israeli business to a local licensee, a move the consumer products giant said would keep the ice cream products available in Israel … Read more
Pro-choice activists are seen outside the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series of … Read more
When Alice Will and her team at Edinburgh-based food and drink marketing agency Lux decided to trial a four-day working week back in January 2020, they chose not to tell clients as a way of testing its effectiveness. “If our clients do not notice, then that’s a huge measure of whether it’s working… none of … Read more
Chief executives at 228 American companies co-signed a letter on Thursday urging members of the U.S. Senate to take “bold, urgent action” to pass legislation aimed at reducing gun violence in America. The CEOs who signed the letter represent companies both large and small across a wide range of industries, including some highly recognizable names: … Read more
Analysts at JPMorgan have picked their likely winners and losers for the second half of 2022, naming stocks set to do well – or badly – when factors such as inflation, bond yields and oil prices are taken into account. The analysts identified several trends for the coming months after a volatile first half that … Read more