By Savyata Mishra (Reuters) – Kraft Heinz (NASDAQ:) adjusted its annual forecasts for organic sales and profit on Wednesday due to repeated price hikes impacting demand for the company’s branded products such as Lunchables meal kits and Oscar Mayer cold cuts. Shares of the company fell more than 3% before the market opened, as it … Read more
American consumers emerged as the unsung heroes of the economy in 2024, keeping it steady despite challenges from inflation and high Federal Reserve rates. Analysts had anticipated a breaking point for consumers due to these factors, which could have led to job losses and slowed growth. However, consumers proved to be resilient throughout the year, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Consumer confidence in the UK has dropped to its lowest point this year as people await potential tax increases in the upcoming Budget. The GfK consumer confidence index, which measures how individuals perceive their personal … Read more