Retail egg prices are at record highs. Those costs feed into elevated prices for some other groceries, contributing to overall food inflation, economists said.
PepsiCo saw volume fall 2% across its food business as price hikes hurt demand even as they buoyed revenue.
Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point hike at the Federal Reserve’s two-day meeting that concludes Feb. 1.
Tesla’s sales miss and just-announced price cuts pose the question: Is the new electric vehicle industry going through its first downturn – and is it ready?
Amos Hochstein, special presidential coordinator to Joe Biden, told CNBC the G7’s oil price cap had so far “achieved our interest.”
Barclays cut its Apple price target from $144 per share to $133 per share and said it’s also slashing its revenue estimates by 7%.
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