Tag: inflation

Starbucks profits disappoint on Omicron drag, inflation

Starbucks profits disappoint on Omicron drag, inflation

safetyfirst2021Leave a Comment on Starbucks profits disappoint on Omicron drag, inflation

[ad_1] A Starbucks logo is pictured on the door of the Green Apron Delivery Service at the Empire State Building in the Manhattan borough of New York, U.S. June 1, 2016. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register Feb 1 (Reuters) – Starbucks Corp (SBUX.O) missed estimates for quarterly profits […]

Continue Reading
Consumer Spending Could Be Slowed by Inflation, Omicron

Consumer Spending Could Be Slowed by Inflation, Omicron

safetyfirst2021Leave a Comment on Consumer Spending Could Be Slowed by Inflation, Omicron

[ad_1] Consumer spending, a key engine of economic growth, has shown signs of stalling heading into 2022, amid rising prices and the Omicron wave. Economists surveyed by The Wall Street Journal estimate that consumer outlays declined by 0.7% in December from the prior month, as prices rose at their fastest pace in nearly four decades. […]

Continue Reading