Consumer giants from Starbucks to General Mills have one big sales problem: China
BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China…
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he’s gone
OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway’s…
McDonald’s and other big brands warn that low-income consumers are starting to crack
Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices continue rising. Inflation has…
Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging
National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling down on the latest battlefront…
