inflation

Hershey Sees Sales Bump From Demand for Affordable Treats and Stress Relief
Hershey Sees Sales Bump From Demand for Affordable Treats and Stress Relief
November 04, 2022  |  Earnings

One might expect that sales of non-essentials like candy would suffer from consumers’ belt-tightening during times of high inflation, but confectionery giant Hershey said Friday...

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PayPal Claims Top Spot in BNPL as Q3 Volume Spikes 157%
PayPal Claims Top Spot in BNPL as Q3 Volume Spikes 157%
November 03, 2022  |  Platform Payments

PayPal’s users are still engaged, but spending is clearly slowing. But even as PayPal, like other firms, is not immune to macro headwinds and inflation’s...

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Carvana Expects Used Car Industry to Remain Challenging in 2023
Carvana Expects Used Car Industry to Remain Challenging in 2023
November 03, 2022  |  eCommerce

Used car eCommerce platform Carvana said it expects the industry will face headwinds well into 2023, saying it plans continued cost-cutting measures to counter them....

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Stripe Blames ‘Overhiring’ for 14% Job Cuts
Stripe Blames ‘Overhiring’ for 14% Job Cuts
November 03, 2022  |  Personnel

Stripe will lay off 14% of its workforce, a move the payments company blamed on the “very consequential mistakes” of growing operating costs too quickly...

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Maersk Sees ‘Dark Clouds’ on World Shipping Horizon
Maersk Sees ‘Dark Clouds’ on World Shipping Horizon
November 02, 2022  |  Shipping

While reporting record revenue Wednesday (Nov. 2), global shipping giant Maersk nonetheless warned of “dark clouds” facing its industry. These clouds come in the form...

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Chainalysis Says ‘Crypto Winter’ Hasn’t Discouraged Developing Nations
Chainalysis Says ‘Crypto Winter’ Hasn’t Discouraged Developing Nations
October 31, 2022  |  Cryptocurrency

China put in a mighty showing in blockchain data firm Chainalysis’ annual Global Crypto Adoption Index, landing a 10th place ranking despite the country’s total...

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Slumping Cedi, Runaway Inflation Worsen Cost-of-Living Crisis for Ghana’s Consumers, SMEs
Slumping Cedi, Runaway Inflation Worsen Cost-of-Living Crisis for Ghana’s Consumers, SMEs
October 31, 2022  |  Economy

The struggle against price inflation has been felt worldwide, but in Ghana, the problem has been made worse by an ongoing devaluation of the local...

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Walmart Offers Struggling SMBs a Home Inside Its Stores
Walmart Offers Struggling SMBs a Home Inside Its Stores
October 31, 2022  |  Retail

Walmart has teamed with pop-up shop marketplace platform Popable to let small- to medium-sized businesses (SMBs) rent spaces in its stores as smaller merchants struggle...

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Americans Still Have $1.7T in Savings as Recession Looms
Americans Still Have $1.7T in Savings as Recession Looms
October 31, 2022  |  Consumer Finance

Thanks in part to government intervention during the pandemic, Americans have banked about $1.7 trillion in savings, according to the Federal Reserve. And as the...

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