Food Prices to Keep Going Up, as Costs Surge

Town Jaewon Kang spirit Annie Gasparro June 11, 2022 5:30 am ET Listen to article (2 minutes) Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz and some McDonald Corp. franchisees, said they would continue to raise prices as they face starkly higher costs. Kraft Heinz notified retailer customers this past Monday … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns – and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

Dow industrials cling to modest gain and tech stocks swoon as Biden says allies trying to avoid World War III

US stocks wavered Friday midday, with the Nasdaq Composite turning lower after a positive start, amid tentative optimism about the war between Russia and Ukraine after Russian President Vladimir Putin was quoted as saying he had seen positive developments around negotiations with Ukraine in a discussion with his Belarusian counterpart. Meanwhile, President Biden called for … Read more

Coca-Cola, PepsiCo Pull Back From Russia as Ukraine Crisis Deepens

Some of America’s best-known brands took steps to pull back from Russia on Tuesday, when Coca-Cola Co. said it would suspend operations in the country and McDonald’s Corp. said it was temporarily closing its restaurants. PepsiCo Inc., too, said it was halting sales of its big soda brands there, such as Pepsi-Cola and 7UP, but … Read more

Worker Absences From Covid-19 Hold Back Companies’ Growth

Employers from McDonald’s Corp. to home builder PulteGroup Inc. said staffing pressures caused by hiring challenges and surging Covid-19 cases suppressed growth or cut into operations in the fourth quarter. While pressures may be easing in some aspects for large companies, indicating a diminishing effect from the Omicron variant going forward, labor challenges and other … Read more

6 Stocks to Play the New US Economic Reopening

UPS was a Covid beneficiary — until it was not. Now, it again looks like a reopening play. Mario Tama / Getty Images Text size Covid cases are falling and the economy is about to reopen — again. Playing it, however, will not be quite as easy this time around. The seven-day average of new … Read more

What CEOs Are Saying About Inflation: ‘The World Has Changed’

This is what some of the world’s corporate leaders said on their quarterly earnings calls this week about what they are seeing and doing about inflation. “We’re seeing inflation.” Logistics, as I’ve mentioned on a previous call, is very elevated in terms of the cost of moving things around. I would hope that at least … Read more

Elon Musk urges McDonald’s to accept Dogecoin for payment

Elon Musk has repeatedly touted dogecoin, including earlier this month, when he said Tesla would accept the cryptocurrency as payment for some items. Photo: Hannibal Hanschke / Associated Press Updated January 25, 2022 at 19:12 ET Elon Musk wants McDonald’s Corp. MCD -1.16% to start accepting dogecoin for payment. “I would eat a good meal … Read more