inflation

Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
July 12, 2024  |  Earnings

Banks today are caught between an ongoing digital shift and a challenging macro environment. With the release of Wells Fargo’s second quarter 2024 earnings on...

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Inflation Cools Overall, but Food Is More Expensive
Inflation Cools Overall, but Food Is More Expensive
July 11, 2024  |  Economy

The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. But the category-by-category data from...

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Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
Pepsi: ‘Value-Conscious’ Consumers Cut Back on Snacks
July 11, 2024  |  Earnings

PepsiCo’s snack food revenues dipped during its latest quarter as consumers continued to exercise caution. The food and beverage giant released second-quarter earnings results Thursday...

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Small Business Optimism Creeps up but Inflation Concerns Persist
Small Business Optimism Creeps up but Inflation Concerns Persist
July 09, 2024  |  Economy

Optimism among small business owners is climbing, though it’s hard to call them “optimistic.” That’s according to the latest edition of the National Federation of Independent...

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Could Mixed Inflation Expectations Predict A Spending Slowdown?
Could Mixed Inflation Expectations Predict A Spending Slowdown?
July 08, 2024  |  Economy

A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back...

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Trending: Earnings Season Set to Spotlight Digital Banking
Trending: Earnings Season Set to Spotlight Digital Banking
July 08, 2024  |  Digital Banking

The big banks will kick off earnings season Friday (July 12), as is the case quarter after quarter. In addition to the usual metrics that...

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Discount Retail Struggles as Paycheck-to-Paycheck Shoppers Cut Back
Discount Retail Struggles as Paycheck-to-Paycheck Shoppers Cut Back
July 08, 2024  |  Retail

Discount retailers are closing shop as financially constrained consumers pull back their spending, with Big Lots the latest to take a hit. The discount chain...

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23% of Grocery Shoppers Alienated by High Prices
23% of Grocery Shoppers Alienated by High Prices
July 05, 2024  |  Consumer Finance

As grocery shoppers look to find the merchant best suited to their needs, a significant share of customers find themselves put off by higher-than-expected prices,...

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Jobs Report Projected to Show Cooling Wage Growth
Jobs Report Projected to Show Cooling Wage Growth
July 04, 2024  |  Economy

This month’s jobs report is projected to show slowing hiring and cooling wages. That’s according to a survey of economists published Thursday (July 4) by Bloomberg News,...

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