Article
"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers
"Results Were Tempered": Pepsi Blames US Snack Slump On Cash-Strapped Consumers
PepsiCo blamed the second-quarter slowdown in its North American food unit on consumers tightening their belts. The period was marked by elevated pump prices tied to the US-Iran war, a squeeze that hit lower-income households the hardest and weighed on discretionary snack and beverage purchases.
Revenue in the company's North American food unit fell 2%, while volumes remained flat, even as the junk food giant slashed prices on some of its brands by as much as 15% earlier this year...
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Trump Puts State Farm, Other Insurers On Notice Over Treatment Of California Wildfire Victims
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Authored by Chris Summers via The Epoch Times (emphasis ours),
President Donald Trump on March 31 told State Farm and other insurers to “get their act together” after meeting with California politicians and hearing about the difficulties facing the victims of last year’s wildfires.
A home is engulfed in flames during the Eaton fire in the Altadena area of Los Angeles County, Calif., on Jan. 8, 2025. Josh Edelson/AFP via Getty Images
Two areas outside Los Angeles were devastated...
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