Mon
Mar 11 2024
04:08 pm
Corporate America has enjoyed healthy profit margins in recent years, even as many people have had to make sacrifices to cope with the surge in prices. Inflation hit 40-year highs in 2022, and though it has cooled since, consumers have not gotten a break.
Profit margins at nonfinancial firms should remain elevated this year, as they benefit from lower costs, according to Goldman Sachs analysts. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump.
“Corporations just got used to ‘If I can charge the consumer X, Y and Z during the pandemic, and I can still continue charging them that now and they’re going to pay it ...
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Kellogg’s CEO: Let them eat Corn Flakes for dinner
Kellogg’s CEO: Let them eat Corn Flakes for dinner
McDonald’s prices are up, so lower-income consumers are eating a
McDonald’s prices are up, so lower-income consumers are eating at home
Must be Joe Biden's fault.
Must be Joe Biden's fault.
Retailers jacked up prices and squeezed consumers...
Retailers jacked up prices and squeezed consumers. They might have just blinked