S&P 500 has its first close above 5,000 in another winning week for Wall Street
Wall Street’s rally got going with hopes that cooling inflation would get the Federal Reserve to dial down the pressure by cutting interest rates
PepsiCo profit gets a bump as charges fade, but sales slip after repeated price hikes
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Global supermarket chain Carrefour said last month that it will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy due to price increases
PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes
A new French law meant to fight the rising cost of living has supermarkets facing millions in fines if they don’t reach a deal with suppliers on prices
New York sues PepsiCo Inc. for plastic pollution, alleging the company contaminated drinking water
The company’s single-use plastic packaging including food wrappers and plastic bottles have found a way to the shores of the Buffalo River and watershed, contaminating drinking water supply for the city of Buffalo
New Starbucks CEO plans to work in stores monthly
Laxman Narasimhan plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to its culture and customers
Starbucks’ Schultz declines to appear before Senate panel to answer about the response to ongoing unionization in the company
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At least 286 company-owned US stores have voted to unionize since late 2021
Retail sales jump as Americans defy inflation and rate hikes
Several factors likely helped propel last month’s spending
Pepsi price hikes fuel 10% jump in the fourth-quarter sales
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Pepsi raised prices 16% in the October-December period as it battled double-digit percentage cost increases for ingredients like cooking oil, potatoes and seasonings