Immigrant Hordes Set Paris Ablaze Because Their Soccer Team Won

Consumers More Optimistic On Jobs, Financial Conditions, Stock Prices As Inflation Eases: NY Fed Survey Unlike recent extremely volatile months, consumers expectations for inflation in July barely budged as disclosed today by the latest NY Fed Survey, which showed that inflation expectations in one year fell slightly to 3.6% from 3.7% prior. Estimates for price increases in three and five years remained at 3.3% and 3%, respectively, although the 3Y inflation forecast did dip notably, if not enough to move it by a significant digit.  Gas price growth expectations rebounded partially...

Pricing Doritos At $7 A Bag Cost Pepsi "Billions" In Revenue Turns out there's a price point for everything where consumers just stop paying. Guess that whole "price as a rationing mechanism" talk means something after all... Just ask Pepsi. The iconic brand had recognized for some time that its Frito-Lay snack prices were becoming too expensive, with major retailers like Walmart repeatedly raising concerns, according to Bloomberg. Even so, prices remained high as sales declined, with some chip bags climbing past $7. Popular products such as Doritos saw sharp increases, jumping...